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Show February 1. 19S3 Mineial Survey. Salt Lake City, Uath The Western PAGE SIX Granted Atlas Finds Rich Horseshoe Bend Active Uranium Lost Dutchman in lAmeraniumDMEA Loan on L. Chance Plans New Issue Ore Market Confirms Ore Body With $147,650 A DMEA loan of for (Continued from page 1) Public Faith core Tunnel work and President J. C. New Moab, Utah geological drilling has of Atlas Uranium Amuranium $147,650 The Lost Dutchman Uranium Company has succeeded in driving an 850 foot funnel into a known ore body on its claims, it was disclosed by Louis Reese, mining engineer, who is at present devoting his entire time in a supervisory capacity at the Lost Dutchman properties. Mr. Reese said two ore bodies have been disclosed, one approximately 250 feet from the mouth of the tunnel and the other 400 feet away. Officials of Lost Dutchman estimated production from each of the two ore bodies wil (Continued from page 1) of December. Air. Bowman aaid customers are gaining confidence and scrutinizing the markets of the various offerings more closely than has been the case at any previous time in the past year. Bowman out that pointed shrewd buyers, who for many years have traded on the Big Board in New York, recently began buying uranium stocks on a growing scale. As a matter of fact, he disclosed tremendous buying at bargain prices has been faking place during the dull periods of the past few months, when the purchaser could obtain his own price by bargaining for a stock. te uranium. As the drilling is carried on, the report says, Ameranium is entitled to bill DMEA for three cost fourths of the agreed-upocost to include the per foot, the related geological work. The contract provides that 54 holes will be drilled to an average depth of 1,000 feet using a pattern agreed upon. The approved DMEA applications of the Amuranium Corportotal $20,000 in February and ation covers properties in the Lisbon Fault-BiIndian area reach $50,000 in Alarch. in San Jaun County, including The company recently purchased $20,000 worh of new min- most of the three claim groups ing equipment and recently com- The Happy Day, The Apache and pleted construction of two new the JFR and Rattlesnake. The ore bins. holdings of this outfit in the Lisbon, Fault area total over priced stock when required and 2,200 acres. Amuranium states that use of it would be much easier to mainspecial logging instruments in tain a healthier market one hole on its Happy Day proplie pointed out that a broker erty indicates an ore body of can better place his stock in the tremendous size running to 40 hands of investors with a limited feet in thickness. number of shares this should e A Handful of guarantee the possibilities of an CAUTION increase in value. stocks does not constitute ac-iv- Most of the new underwritings coming out of Eastern cities are being issued to stockholders at $1.00 per share or higher. We expect a greater amount of activity with Eastern Brokers when the local market is dealing in higher priced issues," Mr. Bowman said. He said he understood several of the companies offering penny stocks intend to reduce the number of shares outstanding by increasing the par value, a situation he said ought to bring about a healthier condition, particularly with Eastern investors who are accustomed to higher priced stocks. far ulf,&cribe n g The upsurge now in full swing is attributed by Air. Bowman to interest which has grown tremendously since the first of the year. From all parts of the United States, Mr. Bowman said his office is now receiving requests for quotations from brokerage firms with whom the local concern had never before transacted business. Those quotations have been facilitated by means of the teletype. The inquiries often refer to uranium stocks listed above $1 a share rather than the penny stocks. Air. Bowman predicted the penny stock market will gradually be absorbed by the demand for higher priced stocks. He pointed out that from the brokers and investors viewpoint it is more practical and profitable to issue 500,000 shares of stock at $1.00 a share than several million shares at .01. He said a broker could ascertain where to obtain the higher out-of-sta- by Company, been approved at Washington, according to a statement released by the New York office of Am- " be a boom. READ this report! URANIUM STOCK I C E S OF U.S.G.S. OUT-OF-PRI- As mining carried forward the ore body is gaining in size with other veins developing on other levels, some of which carry down into what appears to be a channel. SCINTILLATORS NOW IN STOCK LL1-- B GREATER Precisions New Sensitivity, Complete with Carrying Case $495.00 DRILL HOLE COUNTER with 250 FI. Cable. Calib. in Per Cent and Counts Per Minnte $239.50 MAPS OF THE BABBEL of uranium-vanadiu- ore. m Bowman said the shinarump formation is exposed below the Morrison at the Dolores River level and scintillator readings indicate exceptional possibilities in this formation also. Bowman said directly across the river there are two operations by other mining companies at present in the shinarump formation. He said Horseshoe Bend intends to do exploratory drilling in the immediate future in this lower member of the ore producing horizon. After the underwriting in the East by the James Anthony Company and the Lawrence Hays Company, Bowman said, Horseshoe Bend will have $300,000 Because a stock is mentioned in a merger does not necessarily mean it should go up. CAUTION! YOU need this service. iHarijMle Utah fitea Uranium and Commerieal Fertilizer Properties the hard, through via FLASH BULLETIN SERVICE, or by wire, if requested. Beat the market by hours and days! RECOMMENDATION DUE SOON (Selling under 15c) Rocky Mountain Mining Development Co. & Offers Limited Amount of Common Stock at 15c (RESTRICTED TO UTAH RESIDENTS) U.S.G.S. - A.E.C. PHOTO - GEOLOGIC MAPS 1:24000 DISTRIBUTOR tong available for exploration and (Geiger Counters for Rent) cold statistical the WESTERN TRADER. No tips. No rumors. You get BUY recommendations MAPS FOR THE OIL AND URANIUM INDUSTRIES n MERGERS? Get CUSTOM DRAFTING BY EXPERIENCED DRAFTSMEN REPRODUCTIONS well-know- he most revealing answer to the question on thousands of minds. Get this searching report and KNOW what to do NOW! Conclusions will amaze you. facts E R V The Last Chance claims in Browns Hole are to the southeast of the Yellow Circle property and to the north indicates the property in the of the San Jaun open cut mine Morrison formation alone, should of Walt Gramlich and associates. produce a minimum of 100,000 BUYS? HOLDS? SELLS? 41 claims on the 172 contiguous Horseshoe Bend of the Dolores River in the Slick Rock District of San Miguel County, Colorado. Bowman estimated the properties have produced over $700,-00- 0 worth of vanadium and uranium ores up to the present The properties, he said, are on the Disappointment Syncline on the same trend as the fabulous Radium Seven, Spud Patch, Tail-Ho- lt and Cougar mines. An independent geologist's report, made by E. V. Reinhardt, well known uranium geologist mwmwm Stocks in Existence Suite 205 State Exchange Bldg. 343 South State Street Salt Lake City, Utah Phone S 3-39- excellent host for mineralization. Samples of the sandstone show high impregnation of uranium. Grand Jewelry 220 South State Street 1000 Uranium WESTERN STATES MAP CO. anBurgess nounced that his company had cut the ore body outlined on the Last Chance property in Brown's Hole. The ore, a four foot vein in the Morrison, is high grade, running high in both uranium and vanadium. The formation at this point is quite porous, making an T. L. Burgoyne Co. COUNTER 345 Sontb State Salt Lake City, Utah PHONE 96 Please send offering circular to: Wilson's Book Store NAME Minerals For Atomic Energy, By Nininger $7.50 Uranium, Where it is and How to Find It, By Proctor, Hyatt, Bullock Cloth Binding $2.50 Paper Binding $2.00 Nuclear Geology By Faul A Field Guide to Rocks and Minerals, By Pough How To Know Minerals and Rocks, By Pearl $7.00 $3.75 $3.50 THESE BOOKS A MUST FOR THE URANIUM PROSPECTOR MAIL ORDERS GIVEN IMMEDIATE ATTENTION Is the Uranium Stock Boom Over?" plus 4 weeks trial service including one specific BUY advice, only $1. This special report and service may make or save you hundreds or thousands of dollars. SEND $1 NOW! The WESTERN TRADER md ADDRESS CITY & STATE Stratford L. Wendelboe & Company INVESTOR 419 Reason Bldg. Ph. (Registered as an Investment Advisory Service with the Securities and Exchange Commission) .. Uranium Securities 57 WRITE FOR FREE CATALOGUE 113 East 2nd,South SALT LAKE CITY, UTAH Phone 20 We Are Growing With Satisfied Clients 212 Phillips Pet. Bldg. Telephone Salt Lake City, Utah eletype Su-9- 7 |