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Show Hay 20. 1953 Page Five The Western Mineral Sumy, May 20. 1955 Rich Discovery Noted In Southwest Colorado!0' ot,h Geologists Use Shumway Theory iTungston co. U Ore . m SMpPedop To Process Ore Continental By Production of a tungsten Shumway family has probably discovered more uranium deposits than any other test of culation of tonnage will be unA recent radio-metr- ic one family in the uranium world. samples found in primary cop- dertaken within the next two per ores taken from Spencer Ura- weeks, it was indicated. Uranium, Inc., and centrate has been initiated at the It (is Estimated many of the nium Company properties, show.its wholly-owne- d subsidiary, Tungstonia property 90 miles claims they located have resultPlans for an extensive open Woodmont, Inc., shipped ed an assay of 14.61 per cent, a total northeast ol Ely. Strategic Met-P- it ed in numerous uge exploratory announced officials company 00,820.31 worth of urantan mlnrng operation are near of a Nevada corporation, programs now in swing in southalj to ore today. the stations buying during east Utah. completion. Machinery and Principai stockholders live The rich discovery resulted uarter 1955 Gcnld ,irst is available The Shumways were the first from samples obtained in the equipment ,Capable Gidwitz, board chairman, an- - in Wyoming, acquired the prop- group of prospectors to detect heavily mineralized area in of terracing and mining the i nouncedJ today, that uranium was loged in the the mountains of southwest Colo- channel, which is being opened This represented an increase of channels. They passed their inrado where some of the Spencer up to a depth of more than 50 24.8 per cent over the of figure formation along to technical exclaims are located. feet. $321,058.94 for the last quarter eratin agreement with Helmar perts who worked on it, develThe nature of the mineralizaEnterprises, Inc. who are now Spencer officials disclosed that o oping many of the accepted tion prompts Spencer officials I A Of Of tete, ore toss theories that are now used suc7328 were to believe pitchblende may be three ore horizons have been sold 238 first the of quarter cessfully in uranium mining. encountered at a relatively shal- exposed on the face, with ore this duringas miles to Salt Lake City. to 4,627 year compared The senior Shumway immedlow depth. Great importance is occurring only three feet from , o the hst A bad during winter has quarter delayed comto iately knew, when he observed the discover, the surface, which extends beattached the of but installation on the sides of canyon channels shipment low for a distance of 50 feet. pany officials indicated. new old Gidwitz at out the he was looking upon sales that that propequipment imwalls, pointed An announcement of major Up to the present, drilling has of ore now has a the been initial erty completed, during quarter likely spot to prospect for uraportance affecting other proper- defined a channel in excess of of this Helmar would nium. have have been year engineers reported, ties in which the company is in- 1500 feet, officials said, with As a result he taught his sons terested will to be divulged in the channel maintaining a width substantially higher but that They are optimistic that a heavy at-- his theories. severe can schedule weather the be latter production during 30 days, Spencer officials said. 150 300 from to feet They readily came ranging to recognize the importance of Continuous drilling has ex- for the entire distance drilled. part of February and virtually tained this spring. tended their main known ore It was announced that drilling all of March hampered mining At a recent stockholders meet-i- channels, especially where the delivand operations prevented channels fere exposed. It is beto the continue where recal will point body Casper, William H. Weston, lieved to ery of ore produced to buying be one of the main Wyoming securities investment reasons stations. they have been successful counsel was elected president. gin shipping to from three places Continental in and its subsidiary Harold locating so much valuable urain a few days. Kentta, senior geologist nium two mines, for Sohio Petroleum Co., Casper, property. currently operate We plan to begin core drill- Continental Number One and the has been elected to the at Blanding today, large Down board of ing on six of our 43 claims at Rattlesnake mine, both in San crowds wait daily for an oppordirectors and will serve as a vice the rear of the point where we Juan County, Utah. an interview with the for president. James 1. Gooder, tunity outcrop-)have observed "hot ofHc are crowded orporate Streets i pings some of which ran 7 80 jng company are jn Chicago. Its Casper oil lease broker was also Shumways. automobiles visitors! who of with elected to th said. cent, per Ingalls In field offIces Contiare to come to consult the ore town new have government Opening a has been a discovery on nental Uranium Building, Grand There are: officers H. William Other on claims. Shumway brothers buying station at Cameron, Utah, one claim, the Mary Y he conColorado. a vice Junction, are MyAs a result Jr. the Weston, Shumways president, in June will mean a sav- tinued, adding that the open L. Sisson, superintendent of regarded as specialists not only ron ing of from $6 to $8 per truck face is such that we can begin Colorado Fuel in locating properties but also i the Sunrise Mine, load on hauling costs for Marble shipping immediately without Iron and Sunrise wyom-- in producing uranium. They are CorpCanyon Uranium Company. Max waiting to complete core drilling ing, a director and G. Ellsworth looked upon by the uninitated Ingalls, president of Marble on other claims. Brunson Salt Lake City. as the last word of authority as I Canyon, said today. fied public accountant secretary far as decisions on uranium are Commenting upon outcroppings He pointed out that Cameron that have been encountered on concerned. treasurer. is only 70 miles from Marble Marble Canyon claims, Ingalls Wind River Uranium Co. of Canyon claims. Previously ore said company officials hope there Salt Lake City announces the trucks have been obliged to is a large body of ore jn back of election of S. Shelby Brewer, travel a distance of 228 miles the outcroppings. They based owner of the Frank Martin Co., Marsvale, Utah. hopes on favorable reports by as Its new president. Brewer sue ceeds Jerry Marks, who resigned. Ingalls said Marble Canyon has three geologists, Brewer is a long-tim- e resident some ore stockpiled and will be gists. of Salt Lake City and prominent 10,000 shares of my U. & A. Uranium Co. in business circles. Contracts recently were signed stock. 20 cents Closed Corp., hard to between the company and United Utah Uranium Brokerage Co. to per share, need cash. References underwrite Wind Rivers stock exchanged only. Repl-yThe con-Continen- tal I Shose I n . New Buying Station to Save on Hauls oe 1 I 1 Wind River Elects Drewer 1 r resident -- FOR SALE I Ultra Sensitive A EA offering Bismuth Uranium Counters WILL LOCATE BURIED 0BE DEPOSITS! Proven the most sensitive counter on display at Grand Junction how! Ash the Man Who Owns One! WRITE rOB NAME OF NEAREST DEALER PRODUCT OF ATOMIC ELECTRONICS ASSOCIATES. INC. Phone Salt Lahe City. Utah 45 East Broadway get 79 Wind River has 125 claims 90 of which are located in the Crooks Gap, Fremont County area of Wyoming. At present Box 1586 Western Mineral Survey station. The other 35 claims are located in the Rock Springs area. Con- Subscribe Vote! there are several uranium mining companies operating in the same area and shipping commercial ore to the Riverton busring siderable work, including road Come See Us In Our New Home Hicks, Newton & Co., Inc. (Formerly J. W. Hicks) building, has already been completed on all claims and a drilling operation is now being worked out. Geological and mineralization reports indicate the probability of commercial deposits at both locations. Other officers include Max Shlafer, vice president and director, and C. Richard Henriksen, secretary - treasurer. Completing the board are Nick Crawford, general manager, and a geologist and mining expert; Stanley Omar and Marks. well-kno- Will move from 312 Colorado Building wn Interested In Uranium Activities ? WhoQsnt?... Right now the circulation of the WESTERN MINERAL SURVEY is keeping pace with te uranium industry in general booming! and latest news on quotations by reading the Keep posted WESTERN MINERAL SURVEY regularly . . . every week. SUBSCRIBE 524 Seventeenth Street Come IT'S I on Western Auto Monday, May 23, 1955 Wrecking Company look around our new offices and watch in and visit the markets on our new securities board Hichs, Newton & Co.. Inc. 524 Sevenieenth Street DENVER. COLORADO AMherst 71 For the Finest In NEW AND USED AUTO We Buy PARTS and Sell Used Cars. Tracks & Wrecked Can All Types of Sizes in Used Tires (LONG Pk. 722 Kittredge Building Denver. Colorado 47 421 Church Street Salt Lake City. Utah NAME ADDRESS CITY Remittance 84-52- 2 years $5.00 Circulation Deparimeets year $3.00 DISTANCE TOWING) 585 W. 33rd So. NOW! STATE Bill me later |