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Show HAT 3. 1955 The Western Mineral Survey. Salt Lake City, Utah ullilililil nel. Strength of the mineraliza tion in the Vulcan Silver Ld. ground some 3000 feet to the ites west WHERE U-O- RE THBJE IS PROCESSED to "gives encouragment hopes that similar mineralization may occur in Extension ground," the report said. AT VINDICATOR SILVER-LEAD- ,' east of Mullan and ad joining Lucky Friday, a mineral ized vein on the new 750-fo- ot level improved to two feet of ore. SIL commercial lead-silve- r PARK NEW BUCKLE VER and are the operating companies. GOLD SYNDICATE gave the green light to company officials to acquire a uran ium property for treasury stock. DAY MINES earned a profit of $108,302 before depreciation, Annual reports supplied most of the mining news for the second consecutive week and again they were favorable for the most part. 87c a share. Revenue increased more than $5,000,000 to over $35,- 000,000 during the year. Net working capital wag increased more than $1,500,000 to $10,222, SUNSHINE CONSOLIDATED 671. At year's end, current as sets were $12,142, 602 against reported its best income year in current liabilities of $2,919,931. history. Net profit was up $113,-93- 5 from $46,000 in 1953. Net Although miners extracted 411,- 900 tons the most in at least a smelter returns totaled PAGE $348,068 decade development work in creased ore reserves by some 85,000 tons. Reserves totaled 2,- - depletion and amortization write738,990 tons on January 1. The offs. The net loss was $124,061 as Bunker Hill smelter produced against a 1953 net loss of $80,768. record tonnages of lead and zinc, Production declined about 10 per reflecting efficiency of the new cent to 97,630 tons. Metal content somewhat. Ore recharge preparation plant which decerased had its full year's operation. J.B. serves at the firm's five principal Haffner retired as company pres mines declined an estimated 8 ident and was succeeded by John per cent to 371,500 tons. The reD. Bradley, who has been serving port revealed that additional tun$1.47 a share from $1,206,995 or as executive vice president. Stan neling westerly on the new 1600-folevel in the Hercules mine ley A. Easton continues as chair found a "promising" ore shoot man of the board. which now is being opened. It Unlisted Uranium FEND OREILLE MINES, in also disclosed that the Gold HuntAiked Bid APprox. northeastern Washington's Meta-lin- e er mine shaft east of Mullan new .01 .01V Abtaraka .03 02V AIco district, produced more ore lacks only 100 feet of being re.04 .04 Alpine than Bunker Hill, the renort habilitated its full 1200-fo.15 14 Apache shows. Fend Oreille's 1954 out .04 Arrow 03 depth. The eastern portion of In.1? 15 Atlw is at tons. Bunk 482,055 given put SO .84 dependence Lead ground is to be Bif Ho rn er has a 15 per cent interest in explored through this shaft, and 18 Blr Indian M .03 01 Bnckers Pend Oreille Mines; and Hecla perhaps some adjacent proper1.05 Bui. Mont. 95 14 .10 Carbon Mining, a 21 per cent interest. ties). 05 Cnerok. Ut. MY LEAD-ZINdemand continued 18 Chnte Can 21 CALLAHAN ZINC LEAD .63 59 Col U Mex sales volume with earned a $56,827 net profit in excellent, .03 03 Comancbo indicated 04 output. A .05 Conro 1954, compared with a 1953 net greater than .01 01 Congress loss of $682,227. Current assets prominent Utah mining official .85 75 Consol. Ur. .01 Crestline M as of December 31 totaled nearly said prospect of tariff relief for lead-zin- c M JO Elaterite mining industry was $500,000. Of this sum more than the .04 .03 El Dorado the strongest ever. Copper de10.75 10.35 Federal $220,000 was securities of subsid 64 M continued at a high rate. Gateway mand iary companies, including Vulcan .03 03 Gem. Uran Silver-Lea- d .07 .06 Geronlmo and Vulcan Exten .07 .06 Gold Cloud sion. Current liabilities totaled .01 M Great Chief about Green Hirer M Jl1 $178,000, including $150, AH Gunslte In the April 26th issue of the 000 shares during the year by .08 M Imperial J3 M Indian Creek turning over to Vulcan a 50 per Western Mineral Survey it was Aft X6 Inter Mt. cent interest in Perry Minerals incorrectly stated that total as.07 06 Interstate Company. Callahan now owns 60 sets resulting from the merger Jolly Jack .07 .06 Kanab of Gold Ophir Inc. and Pan per cent of Vulcan stock. MY .05 vs. $232,398. A $107,321 deficit was turned into a $6,613 surplus during the year. Production increased about 50 per cent Two new ore shoots were developed from which good ore currently is being mined. Extensive exploration and development is planned from the 3100 level this year. BUNKER HILL'S 1954 net income jumped up to $1,985,512 or ot ot C Correction Kiabab Ktaf Midas Lavender .04 .07 Lucky Star Lucky Strike .01 .01 .01 Mineral Mt May Day Mohawk Mont. West Mth. Lode Mt Mesa .04 Mt Peale Mt Valley 01 Jato FenneU Pineco Pioneer Badlore Bepublica .03 M .10 .03 .03 0 .WJ .10 .11 -- 0w J u J1 Member Silt .04 " .01 -- Span. Trail Spencer 10 07 2.85 08 Standard Stardust Sterlinr J 3.M .w IB -.:- GMU. Wat :: gu8..-::::::::::::- SSTcii-:::::::::- :: Uran. Corp Uran. Klnr TJran. Serrice Uranus TJ. S. Lith TT 8 Uran Ut PrenT Ut Ver. $ ::::::::: .: 3 iMk .03 JO M M -- White Cn. WMtelock Wild Cat World ..: " 01 -- J W -- 8ts $ 03 1JJ" -- f U 03 0 Tank. Ur TeTl. Cat fj .04 0 Cromer Co. Brokerage Member Salt Lake Stock Ex. 439 Suite He. Exchange Place Salt Lake City, Utah Uranium Digest Upon Request ore-bnyi- ng Intermountain Stamp Works CLYDE AND KARL PANNIER. & CO. Toik Stock Exchanges ew In Owners BRONZE MEMORIALS RUBBER STAMPS STEEL STAMPS MACHINE ENGRAVED PLATES Mining Stocks 242 EAST 2ND SOUTH PHONE 04 Leans Made on Listed Mining Securities 2380 Washington Blvd. 132 Main Street SALT LAKE CRT MINING MACHINERY 0GDEN S23 West Spragne Ave.. SPOKANE 35 North University. PB0V0 S . .06 Uke-Spokane-N- We Specialize M American Investment were estimated at $100,000. Company officials say that estimates by several geologists place the value of properties held by the company at approximately $100,000,000. J. A. HOGLE 0 IM Buck 86 VULCAN EXTENSION Zinc-Lea- d cent owned Callahan per by had a net loss of $6569 for the year 1954. Work was limited to surface bulldozing for geolog ical information and to rehabili tation of part of the Wallace tun Ml .03 Shumway Western M 03 03 J" Bbamrock Shell Utida Walters OS .01 -- .03 .03 sSSu 01 -- M Pathfinder " .WJ4 JK -- Olympic 5? .08 I-- LUbon BilT. AVk The latest and most modern oi seven Atomic Energy Commission stations in the Colorado Plateau area is shown In two views above. Top photo shows the front of the processing plant, located north of Moab, Utah. Bottom photo (rear view) shows chnte into which ore "discard" is dropped. See other photo on Page 6. (Survey Denver Bureau Photos.) OFFERED SUBJECT TO CONFIRMATION 0 URANIUM SHARES, INC. These securities are not registered in the state of Utah. Mine Cars Crushers Conveyors Battery Locomatives Ball Mills Slusher and Tugger Hoists Gas and Electric Shaft Hoists Vent Tubing and Blowers Tractors Flotation Cells Electric Motors Pumps, all kinds Pilot Milling Plants for Uranium FLOYD KOSTER AND COMPANY AMherst Sampling Equipment Rail and Pipe New Air Hose CONSOLIDATED URANIUM o UTE 407 Denver National Bank Building Rental Compressors Complete Drilling Equipment PLUS 1000's OF ADDITIONAL ITEMS Write, Phone or Visit our two yards MACHINERY CENTER, INC. 71 1201 S. 6th West Salt Lake City, Utah Phone 73 2nd East Moab, Utah & 3rd South |