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Show PAGE TWO Indian Queen Enters Moab U-O- Picture re rebrnary 15, 1955 The Western Mineral Survey, Salt Lake City, Utah Indian unpatented ' mining claims near the head of Spanish Valley, southeast of Moab, in an area that is the scene of intense prospecting and exploration. Engineers who have examined the properties are of the opinion that one or more permanent channels exist in the Salt Wash Morrison sandstone which, can be developed with comparative ease. One sixty-fivfoot inclined shaft has been sunk on a mineron Consolidated Queen Mining Company has entered the Uranium mining field by acquie sition of properties near Moab, according to Jay Jacobsen, Pres- alized bedding and some shipident. ments have been made, Mr. Jacobson said. The property lies partially on a State School Lease, and partly Several drill holes are report 7o Out ed to possess indicated possible ore reserves of 12,500 tons of commercial ore .in what .is thought to be a channel. The company is planning a development campaign to explore the favorable indications, and expects to begin operations immediately. and production in the nearby Porcupine, Blue Jay, Happy Martin, and Open Pit mines in the same formation, encourage the management in Developments their new undertaking. tcckhccfeM discovers ore on two separate groups of claims the fabulous Happy Jack Mine, and has sensational rise on Stock Market in first month of trading. Big Horn jad-ioini- Olympic Finds 8 Feet Of Low Grade Ore Oympic Uranium has uncovered eight feet of low grade ore in the former Wasatch mine in Alta, where Tony Jacobson, has three men working. The property has been leased from West Toledo Mining Company according to Walter Jacobsen, President of Olympic, who announced that a fissure is to be intersected in the hope of uncovering considerable ore. The shinarump sands of Tiger and Joe Dandy groups, and also the Lost Boy groups of Big Horn have been found to be identical to the Shinarump sands of the Happy Jack property. Ore bodies of Tiger and Joe Dandy and Lost Boy group of Big Horn could be a continuation of the Happy Jack ore body, estimated at over a hundred million dollars, and one of the largest ore bodies in the United States. Over thirty million dollars worth of ore has already been blocked out or shipped from Happy Jack. ute. THE NEW AND BETTER ALL PURPOSE GEIGER COUNTER Big Horn Happy Jack ore body, located in White Canyon, Utah. Vanadium Corporation is reported shipping good grade ore from near Marysvale. Piute Uranium has fiv.e uranium claims under lease at the north end of Marysvale, two and one-ha- lf miles down, along the east side of the river. Vanadiums claims are directly east of those of Pi- Evidence of uraninite in the neighborhood indicates it will be necessary to drill deeper, as what drilling has been achieved shows sea ttered uraninite. This is Jacobson also said the first thought to be an outcrop of urancarload of ore is to be shipped inite that surges near the surface this week from the Companys and a possible indicator of better copper discovery in Good Springs grade ore deeper down. Some ore Nevada and that it is of excellent has been reported uncovered near the Yellow Canary area. grade. ng Uranium Corporation announces the discovery of commercial grade ore on their Tiger and Joe Dandy group of claims located about 1500 feet west of Happy Jack ore body, and also on Lost Boy claims, about 220 ft. south of Vanadium Corp Ships Ore From Marysvale IT SNOOPS IT IT SNIFFS IT POINTS IT PROBES AND PICKS URANIUM FROM LOCATES THE AIR The Universal Counter COUNTER COMPANY UNIVERSAL 1479 South Main Phone Salt Lake 84-11- 33 Utah City, CLAIMS Sold Bought URANIUM FINANCING ARRANGED QUICK ACTION Thickness of the ore producing formation on both Joe Dandy claims to the west and Lost Boy claims to the south of Happy Jack, run from 8 to 19 ft. thick, with good showings of commercial ore in several holes drilled. Percentages of ore in these Big Horn properties run from .05 to .40, tested with a babble counter. PRINCIPAL AND BROKER RICHARD SNYDER Box 867 Washington D. C. PINEC0 URANIUM CORPORATION A $9500 Diesel bucket loader was purchased from Lang Co. in Salt Lake, and is on the Lost Boy Property, where a large 7x8 ft. tunnel has been extended over 00 ft. towords the ore body. Contact is expected to be made in the very near future, and then shipping operations will be effected to the buying station which is a mile away. Another crew will then be sent to the Tiger and Joe Dandy groups, to effect shipping of that ore as soon as possible. An extensive program is planned, to produce a large volume of ore from both of these Big Horn properties as conditions warrant. 1 5,000,000 Shares Common Capital Stock OFFERING PRICE lVzc PER SHARE 0 21 Claims, RAINBOW, Beaver County, Utah 22 Claims, PROSPER, Indian Creek, organization offering was five cents a share, started trading on local uranium markets in Salt Lake and Ogden, Utah on 3 Jan. 55. On 14 Feb. 55, stock has been evidenced in Salt Lake and Ogden, as well as out of the state. Big Horn is favored by having a stock issue placed throughout the United States. Only 2,173,000 shares were sold as public issue. The properties are all owned 100 percent, and no royalties. Stockholders will be notified regularly as to developments. Big Horn, whose Beaver County, Utah 2 Claims in SAN RAPHAEL SWELL, Emery County, Utah 640 Acres at MILFORD, UTAH An offering EARL circular may be obtained free from: J. KNUDSON & CO. 450 South Main Phone 29 Salt Lake City, Utah fiig fjertt titanium CcrpctaticH F. BENNION REDD President Please send me a copy of the offering circular relating to Pineco Uranium Corporation. I I Name Address City State j |