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Show (Leans Qfl&aolhjiras TOMBSTONE, Ariz.-Fi- ve years of faith in a mining property, coupled with untold hardship, disappointment, considerable physical labor and a healthy chunk of prospecting know-how- , is apparently about to pay off for Howard at Birchfield, who lives March Pass Camp. Middle The Tombstone Epitaph reports that Birchfield recently signed a revised contract with Basic Metals Inc. of Salt Lake City and Minbanco Corp. of New York City to lease, with an option to purchase,- mining - claims believed to carry excellent values in lead, silver, copper, zinc and bismuth. The unpalenled mining Ogoodbos claims are located on Coronado National Forest, 12 miles northeast of Tombstone in the Dragoon Mountains, and total approximately 12,440 acres in 622 claims. DENVER-R.- G. Boekel, Denver independent oil was elected president operator, and chairman of the board of directors of Beaver Mesa Uranium Inc., at a special directors. of the board of 'Dry' Well Yields Oil CHEYENNE, high-qualit- grade y $50,000 on the property, with a minimum of $150,000 to bt spent within two years. CSdoutni Also announced was the name change of the company to Beaver Mesa Exploration Co., subject to stockholder approval, with new headquarters located at 444 17th St., Denver. The directors announced completion of the acquisition and transfer of Polar Production Co. assets into the company. These overriding royalty interests in 40,610 acres on the North Slope of Alaska will prove to be a valuable long term asset to the company, Boekel stated. Wyo.-- A of - oil is call for an expenditure of Three bulldozers have been busy on the project for several months. Ted llunks of Salem, PAYMENT of substantial Utah, is chief geologist for Basic cash already has been received Metals. Considerable geophysical by the claimowner. The contract reconnaissance has been done, calls for total payment of and numerous roads and drill been constructed, and approximately $2 million, sites have has begun. contingent upon a phased drilling BIRCHFIED has been active approach. in the Dragoons since 1964, and Basic Metals has been on the has shipped several cars of ore ground since early tins year, but from the old Abril and San Juan recently brought the New York mines to the New Jersey Zinc mining and banking firm into Corp. in Silver City, N.M. The the picture in what is believed to San Juan was the first Arizona be a joint venture. mine ever operated by the Eagle Conditions of the agreement Picher mining firm. tB8ot7i7 Uesfla meeting All land is leased to major oil companies and well located geologically. dhisaDDop COMPANY officials also announced the beginning of an program to acquire proven oil and gas properties in the Rocky Mountain area. Other new directors are Donald L. Giacomini and Robert P. Anderson of Denver. Alan M. Simpson and E.E. Lewis of Grand Junction will continue as directors in the aggressive company. Beaver Mesa Exploration Co. is a natural resource company with holdings in oil and mining in Colorado, Nebraska, Kansas, Wyoming, Utah, Arizona, New Mexico and Alaska. reportedly being recovered from an abandoned oil well near Cheyenne by the Apache Oil Co., Tulsa, Okla. A spokesman for Apache, Herb Swarthout, said tests on the well are being carried out to determine the well's commercial quantity. Swarthout said the oil is being. recovered below 10,000 feet on the John Bell Ranch about seven miles northwest of Cheyenne. 3 Utah Finns of a new company combing the principal properties of Morgan Gas & Oil Co., Justheim Petroleum Co. and g Oil & Gas Co., Morgan Jr., President. The New company is called Utah Resources International, Inc. The new structure will enable m BRADFORD President & General Manager - invites your inquiries on: INTERNATIONAL SILVER MIC &PINECO RAY only by the Offering Circular. NEW ISSUE RIVERTON, Vanadium--uraniu- 6,250,000 SHARES HI FASHIONS, d INC FASHIONS, INC., was organized for the purpose of designing, manufacturing, buying, selling, importing, and exporting wigs, both men's and women's hair pieces, and all types of clothing and wearing apparel. Wyo. m mineralization has been found over a widespread area about 12 miles east of Kaycee, Wyo., according to geologists of the Riverton-base- FOR UTAH RESIDENTS ONLY HI Vanadium Find By Chuck Hayward VERNAL - The Uintah Basin area is experiencing its best economic growth since 1962, according to the local employment news letter. This statement id verified by several sourcs, including Charles H. Hendson, secretary of the chamber of Commerce. He cited a new $2 million compressor plant for El Paso Natural Gas Co. as an example. Another bright spot is the reopening of San Francisco Cemical Co., which makes phosphate fertilizer. Manager Duncan King said the firm hires a minimum of 75 persons when it is operating. San Francisco Chemical is a division of Stauffer Chemical Co., Salt Lake City. The local gilsonite plant noted an increase in its seasonal payroll from 150 to 175 men this summer. Oil activity is holding steady Gary Sprouse, executive vice president of the Flying Diamond Land and Mineral Co., said his company has drilled two producing wells and a third well is nearly completed. Four or five more will be started with in the next 30 days, all in the Bluebell area. Three of the thermometers measured to check, the hot and cold of business growth have been postal receipts, sales tax, and retail sales receipts. Postal receipts increased 9.9 per cent in Uintah County for an overall average increase of 6.86 per cent over last year. Sales tax receipts in Vernal City have increased by nearly 10 per cent over the quarter ending June 30. Nearly all business houses contacted indicated increases varying from VA to 74 percent. The one sour note comes from the lumber industry. W.E. Sweeney, manager of the Great Lakes Timber Compny, said everyone in the lumber industry is just holding on till an upsurge in building takes place. A tremendous increase in housing is needed to help the lumber industry. As for the outlook, some growth will probably PRICE PER SHARE 2 Cents occur in mining (phosphate)and manufacturing (apparel) by late fall. Service and retail sales will Copies of the Offering Circular may be obtained probably remain high through this quarter and continue through October. FIRST FIDELITY UNDERWRITERS 249 East Fourth South Salt Lake City, Utah Vernal is just one example of hundreds of Western communities who can point to mineral extraction industry for a major portion of their economic activity. from the Underwriter. Western Standard Uranium Inc. Western has acquired more than 30,000 acres of locateable and leased mineral lands within an area about 16 miles long and three miles wide. few W. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made the company to take a stronger operating role in its properties, Mr. Morgan Said. g Business has been good this summer, reports N.J. Meagher Jr., Vice president and cashier of the Bank of Vernal. Uintah-Wyomin- was announced by John H. dlwdkiini Chevron Oil is completing a well in the same area located 30 miles west of Vernal and Mountain Fuel Supply Co. is drilling 67 miles northwest of Vernal. Combine Forces Hie organization Page 5 OIL & MINING JOURNAL October 13( 1969 5216800 |