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Show Bassick Gains .ieC OK Mill Scheduled To Use Find Bingham Sparks Prospecting U-O- Core Drilling Up-Gra- de By re Utah has now entered a new era having to do with fissionable materials and popularly referred to as the atomic age. Joseph Bassick, President of Hercules Uranium, has obtained Utah-Wyomi- ng n Two new sources of recent uranium discovery, Vernon and a license to use a new-typ- e mill, his own invenportable ura-nuDelta, Utah, could be classified as bordering on the Oquirrh tion, which prominent metallurgists declare will of Vern Hughes inasmuch as they are on the west slope there of. In addilange shipment to processing mills. reannounced Company, lining The AEC has granted Bassick License No. R. 156 allowing cently that the firm plans to tion, news has just reached us of a uranium strike in Bingham Coppermine. Hercules to process and ship ores to authorized persons from begin extensive core drilling Canyon, home of the worlds largest open-phold-ng- s utmost of is This 940 of acre their importance Company properties in Duchesne, Emery and Garfield counties. operations . 50-to- up-gra- m de Utah-Wyomin- g it - . The mechanical concentrate ing plant for upgrading, now under construction, will be ready to operate In 30 days, Bassick. said. Hercules has 35 uranium claims in Duchesne County, east of Salt Lake, 40 claims in Emery County, and 34 claims in the Circle Cliffs area of Garfield County. The company also has 42 claims at Overton, Nevada, adjoining the Canadian Vanadium Company claims. An access road is under construction in the Circle Cliffs area. Bassick said he ex pects to start ore shipments from this property as soon as the road is completed. A building program is also contemplated immediately. Bassick said another plant probably will be erected in the next 90 ' days in Emery . ... Subscribers The fact the Western Mineral Survey is read by subscribers all g over the boundaries of the United States, is disclosed from a geographically wide reader response to an advertisement by Alpine Uranium Corporation, 512 Zion. Bank Building, published in the SURVEY of August 13. far-flun- -- County. Three geologists of the Hercules staff submitted favorable reports as to prospects. Bassick hails from Idaho. He has been here since January.Bassick worked on his process of upgrading ore for a number of years. He now : Survey Serves East to West - - believes the proposed mill for upgrading should revolutionize the uranium industry. Adrian W. Cannon, President of Alpine, pleased with the scope of SURVEY circulation, said Alpines advertisement brought inquiries from Hackensack, New Jersey, on the Atlantic Coast, from Portland, Oregon and Spokane, Washington in the Northwest, from Chicago, Illinois, in the heart iof the nation, from Sharp sville, Indiana in .the Hoosier State of the Iowa City, Iowa, of the Combelt and from Rocky River, Ohio, in the Buckeye State.vF mid-wes- t, Mineral Atlas in the Gas Hills of Wyom- ecause uranium is not produced to its high concentration of pow-ering, next month. It is the plan in commercial quantities in too g Specialists claim they have of to completely many parts of the earth and its seen a very small particle of raoutline their ore bodies before abundance in Utah is going to world-wid- e attention, bring-n- dium, refined from uranium, givbeginning production. Recent strikes made in eastern many more people and much ing off sparks in every direction. It was contained in a wooden iremont County, Wyoming, by wealth to Utah. in capsule, 112 long and the Nev-Ta- h Mining Company, Until recent years,' it was diameter. One end contained a on the noble Claim Group, which count on the fingers small aperture. Peering through the Utah Wyoming possible to neighbors both of hands, all of the local loldings, indicate overburdens itiea of the whole world pos-- . one observed this tiny particle, giving off rays similar to those are quite low in some areas as commercial uranium sessing from, a lighted roman candle. Exow as six feet, according to deposits. Nev-Ta- h perts declared that the rays of Mining Co. small parGibbons and Reed, Salt Lake When Madame Curie conduct- light, even on such a last for several years, an 3ity contractors, are at present ed her experiments the only ticle, of the tremendous life indication laying plans to begin construc- known source was in Bohemia. of the metal. tion of an all weather road from Then one after another, new This small particle of radium the Gas HiUs to the U ore buy- sources began to appear, the prinappeared as if it would be exing station at Shoshone, which cipal one in Northwest Canada. hausted in a few minutes. Howwill greatly facilitate movement Later, others appeared from of the ore during winter months. time to time, among which might ever, the owner said he already had observed it several months, g Mining Com- be named, the Belgian Congo in and he believed, it would mainpany, does not plan a public offer- Africa, an area outstanding for tain its vibrancy for.jnany years its discoveries. ing at this time. to come. Herein lies the charm Earl Allgood, and John ArmThe Importance of the ora of this wonder metal. strong, along with Mr. Hughes nium discovery in Utah has This striking episode conare owners of the company, with been demonstrated the gov most of us that new vinces by offices at 132 W. N. Temple, Salt ; eminent sources of commercial, power devoting particular Lake City, Utah. attention to it by withdrawing are actually drawing us closer certain lands from circulation and closer into the vortex of . and economic reserving it for its own use revolutionary on account of the Importance changes, in the first years of a of this metal. terrifically realistic era, that, It has been said that an individfor want of a better name, we ual could carry enough uranium describe as the Atomic Age. power in a suitcase to operate a It is estimated 80 per cent of steel plant for several years due (Continued on Page 2) Hyte Loveless,' President of Swedes Uranium, confirmed this Utah-Wyomin- at-xa- ct g Utah-Wyomin- ! Swedes Options V In Nevada morning to H. S. Florence, secMost of the communications retary of the corporation that were from SURVEY readers who Swedes has optioned 30 claims desired additional ; information in Humboldt County, Nevada, adrelative to the offering. One in- joining properties controlled by dividual inquired why it was Charles Steen, of Moab, for drillnecessary to have an offering cir- ing operations. It was disclosed that Steen hit cular, failing to grasp the advernine holes of high grade ore in tisement was not an offering close proximity to these claims. merely focusing attention upon Mr. Loveless announced that the prospectus. Swedes Uranium has 18 claims in Nye County where the upgradings assayed from one to seven per cent in uraninite . Prepared On Black Hills All available information on known mines and mineral deposits in South Dakotas Black Hills will be summarized in a comprehensive mineral atlas being prepared by the Bureau of Mines. The first volume of the two-pa- rt report, covering Lawrence and Meade Counties and parts of Butte and Pennington Counties, was released today by Acting Secretary of the Interior Ralph A. Tudor. When completed, the report will make possible a general determination of the potentialities of the Black Hills as a mineral-produci- ng region. It will also provide basic information necessary for detailed study of a given property or commodity. The Black Hills cover an area approximately 100 miles long and up to 50 miles wide in the western part of South Dakota and the northeastern part of Wyoming. Mining in the area began in 1874, when a military expedition under General Custer found a placer deposit of gold. This led to discovery of lode gold, the first claims for which were filed in 1875 on what is (Continued on Page 2) Security Sales Jump. During May-Jun- e, '54 New corporate 'securities offered for cash sale during the second quarter of 1954 amounted to $2.5 billion, according to the regular quarterly report made public by the Securities and Exchange Commission. The amount compares with $1.8 billion of offerings in tiie first quarter of 1954 and $2.7 billion in the second quarter of 1953. .The high rate of financing in the second quarter of this year primarily reflected a continualevels of the tion at large-scalexpenditures by corconnection with in porations (Continued on Page 8) near-recor- d e ura-nu- Drilling will be to a depth of less than 100 feet as the ore bodies are less than that distance from the surface. Public acceptance. of the recent issue of Swedes Uranium has been tremendous, Mr. Florence said. Bow Knot Undertakes Development Program Noble B. Dodge, of 732 West 13th Street, President of Bow Knot Uranium Company, reports his firm is doing a huge development job. He anticipates It wil be two months before Bow Kno gets into production. The Glenny-Cutle- r Mining Company is in of the operation located charge near Hite. Bow Knot has leased a large area from Walters Uranium Company. Mining Confabbers Will Visit California Gold Dregging Fields WASHINGTON, D. C., August Mining men attending the 1954 Metal and Nonmetallic Mining Convention and Exposition of the American Mining Congress at San Francisco, September 20-2will visit the fields of California and inspect other nearby mining and metallurgical facilities on Friday, September. 24. Arrangements have been ores and mineral treatment are made for them to make a planning to attend a meeting of special trip to inspect gold the Minerals Benefication Dividredging operations along sion of the American Institute of the Yuba River, near MarysMining and Metallurgical Engiville, California. This year neers, which will be held at the marks the fiftieth anniverFairmont' Hotel. San Francisco, sary of dredging in that on September 24. area. On the following day. SeptemIn returning to San Francisco from these operations, mining ber 25, .the new Rare and Premen will visit Grass Valley and cious Metals Labroatory of the pass through part of the famous U. S. Bureau of Mines at Reno, Nevada will be dedicated, with Mother Lode country. ' Other trips scheduled for the top officials. of the Federal and same day include visits to the State government, Congressmen Wire Rope Mill of Columbia-Genev- a and Senators, and leading indusSteel Division, U. S. Steel try officials participating. The Corporation at Pittsburg, Califor- nations mining men attending nia; to the American Smelting & the Mining Congress meeting Refining Companys Smelter and have been invited to attend the Zinc Fuming Plant at Selby, Cal- dedication ceremonies and inifornia, and to the Shell Develop- spect the new laboratories and ment Company's Research Cen- pilot plant facilities. A large number are planning to make this ter at Emeryville, California. ' Convention visitors whose main trip following the close of the interest centers about milling of San Francisco gathering. 4, gold-dredgi- ng |