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Show James Lunch Krause Heating - Lunch - Dinner Friendly Courteous Service Andrew Sachos, Proprietor Breakfast PHONE Service 1721 SOUTH MAIN ST. Phone 87 84-37- 11 Gunsite - Butte and F. & H. Jointly Buy Navajo Leases White Canyon's 'Hideout' Mine Nets a Profit Has Shipped Ore Since Last June White Canyon Uranium Corporation closed the year 1854 with a modest net profit Ore shipments have taken place since last June from the Companys Hideout mine in Deer Flats, which is on one claim out of a total of 250 claims the Company has, scattered throughout White Canyon. Profits would have been better but actual operations were sporadic. The mine closed down two months during the severest part of the winter. Samples of ore taken from the operating mine assayed an average .30 per cent. The company issued 3,000,000 shares of stock at $1 a 'hare. About 750,000 shares was subscribed in Salt Lake City. The stock was cleared by the Utah Securities Commission two weeks ago and by the Securities and Exchange Commission for other states. It is traded by nonmembers of the selling group at a share. $1.62 THE WHITE CHAPEL MORTUARY 124 So. 4th E. PL Appropriate Funeral Music Is cared for by our White Chapel Male Quartet Funeral Directors: 22-34- 19 EDWARD 0. PLATT FRANCIS PLATT, Pres. Our New Spacious Chapel Is Now In Use Providing Ample Seating Capacity 'Reverse Split' One for Five Is Plan Of Gunsite Directors Meet May 9 Stockholders of Gunsite-Butt- e Uranium Corporation have been advised recently in a letter signed by Claude Lacy, and operations manager of the company that Gunsite-Butt- e has entered into a purchase agreement with F and B Mining Company, covering the acquisition of mining leases on the Navajo Indian Reservation near Mar-- , ble Canyon. vice-preside- nt Prior to signing the agreement, Gunsite-Butt- e was furnished with a geological report prepared by L Wendelboe & Company SUPPLY Uranium Securities "We Are Growing With Satisfied Clients" Telephone 60 WEST 2ND SOUTH Salt Lake City, Utah 68 South Main Teletype 74 Farmers, cattlemen, sheepmen and miners can all be hurt by the Trade Agreement Act when It permits dumping on the American market of products from low wage, foreign countries. Utah's Congressional delegation Is sponsoring amendments to the law to stop th(,s. Help them win the fight for Utah's prosperity. Write your Congressman and Senators today. UTAH MINING ASSOCIATION "From the earth comes an abundant life for all " "Hif - 43-52- later employed the firm of Dr. Paul D. Procof Provo, to tor, evaluate the F. and B. Mining properties. On March 22, Proctor and Lester Camp furnished a report in part as follows: Approximately 50,000 tons of mineralized rock are present in the central block. This estimate is based on a weighted average thickness of 13 feet from the probes of the holes. It does not Include probable geological extensions and on the basis of the geology, the eastern continuation of the bed In the mineralized block, could easily equal the known westward ex- Don't Have A Baby Until You See Our Marvelous Line of Infant's Wear Because From High Chair High School It's The Dick & 1321 SOUTH 21st EAST PHONE 22 .W.:x Priced Right - Process - of - Shell - Molded Castings Write or Wire for Information V, Inc. 531 West 7th South To Jane Shop Ji. "C" tension. Salt Lake City, Utah Cal-U-M- ex -- rectors stated, is required to complete their transaction with the F. and B. Mining Company for acquisition of these favorable properties. The letter advised stockholders it is important that they sign and return proxy forms if unable to attend the meeting, as the plans outlined cannot be carried out unless at least 50 per cent of the stock is represented at the meeting and favors the proposition. The property it is proposed to acquire is 13 miles south of the Navajo Bridge in the Echo Canyon Cliffs Basin. The merger ratio of exchange contemplates giving two and onehalf shares tent. If the analyses of Gunsite-Buttstock for one . . . value of such an share of F and B Mining Combe accepted ore block could approximate pany stock. Originally F and B $1,200,000. stock was $1 par. It has since Gunsite-Butt- e Area Properties been revalued to ten cents par. radio-metri- c It Will Almost Pay You To Wait teei" Grinding Balk Long Lasting - - - nts radio-metri- c 7 SU-9- 7 Join the Fight for Prosperity Order PHONE . reportedly being drilled by Uranium Corporation! and Trans Western Uranium Corporation. Gunsite also plans to commence phase 1 of its drilling program shortly. Mr. Edward Poehlman, consulting geologist! of St George, Utah and Claude Lacy have spent a day on the properties laying out drilling el geo-consulta- MIDWEST OFFICE Radiac Claims The 33 radiac claims in the Salt Wash Morrison formation of the San Rafael Swell, are adjacent to claims now Davis and Davis, consulting geologists. Leland J. Davis in his report, stated that, according to information furnished by A. K. Guard, geologist of the Boyles Brothers Drilling Company, the sites. ore zone under deevlopment lies A special stockholders meetin a channel in the chlnle for ing has been called by directors mation. of Gunsite-Butt- e for May 9 at 2 Mr. Davis report also said: p.m.,at the Newhouse Hotel, to The uranium ore reserve from consider the reduction in the the drilling data is very impres- number of shares of capital stock sive. The total extent of this ore outstanding and to increase the body has not been determined capitalization by means of a reand could be several times larger verse split wherein one new than available drilling informa- share of stock is issued for five tion has thus far indicated. Only share now outstanding, with the the western side of the ore body resultant par value of five cents has been, roughly determined. per share in place of the present The report shows gross value one cent. The directors announce of Indicated ore as $2,100,000 and that they have been advised by inferred ore reserves at about the underwriter, Melvin G. Fle-g200,000 tons or $8,000,000 gross Company, that such procedvalue. This is based on projection ure is considered to be advantagof results from logs prepared by eous from a stock standpoint The increased capitalization, the diBoyles Brothers. Gunsite-Butt- e Stratford Preliminary road work and drilling sites are substantially completed for the drilling program. The company has acquired a large truck for the hauling of ore from the mineralized outcrop. e |