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Show yf fcj'T'il I A . ij. MERGER LOOMS FOR LIBERTY OF DENVER "Jcr Kiwi t vQ Pecos Mining To Vote on Combo5 Deal iaHificaHce in The Oil attcf ftUhiita Wctld Survey Denver Bureau i' Ofne-T- li DENVER First step toward a 10c Pei Copy Salt Lake City. Utah. May 27. 1955 VeL 26; No. 21 $3.00 merger of two major uranium firms has been taken with completion of contract negotiations requiring only the approval of stockholders. A The firms are the liberty Oil and Uranium Co. of Denver and the Pecos Mining Co of Dallas, Texas. Burt Barr, president of Pecos, today announced in a letter to stockholders that a vote on the merger proposal will be taken at a special meeting June 23. Barr said preliminary discussions indicated that "it might be to the best interests of both companies and their stockholders to effect such a combination.1 A rich uranium strike, with extensive outcroppings of high Upon approval by Pecos stocktract grade ore on Black Rock Uranium Companys 120-acholders, Barr added, Pecos will in die La Sal Mountains, was announced today by S. Fred transfer all of its assets and properties to the Liberty firm in exWalker, Black Rock president. He said 30 tons of ore was shipchange for 2,761,342 shares of ped to Monticello last week. Liberty stock. Pecos stockholdSamples of uranium ore as- Mountain district. He added ers, he said, would receive apsaying .70 uranium and as high that plans also provide for deproximately one share of LibHeie is an engineei's drawing of equipment for a new oie as 10 per cent vanadium, have velopment of the 1,000 acre uraerty for 3 shares oil Pecos. to be constructed by Rocky Mountain Standbenefication process Liberty holds purchase opbeen taken from the Black Rock nium property which Black Inc. to The low said is benefit ores new as tions ard, on six small groups of unprocess grade by Rock has acquired in the White claims, Walker said. 10 to much times. bottom of as on 30 this page.) patented lode mining claims in (See story It is the second strike within Canyon area. the Gas Hills district of Wyomtwo weeks reported from Black ing. After preliminary exploration of this option, the company Rock properties. Field engin, (Continued on Page 5) eers, according to Walker, have uncovered excellent surface out croppings of ore with a high radiation count on seven widely separated sections of Black Rock claims, with no expensive drill- - 0 ' ? iiiigU d o dm Strike By Black In La Sals re Cardiff Mining Backed HUGE EXPLORATION PROGRAM ing. Walker announced that Curtis Wheeler, of Moab, veteran uranium prospector, will take an active part in Black Rock man- agement and production. Wheeler has assigned his holdings in the area to Black Rock, Walker said. Wheeler told a Survey reporter he recently uncovered a fine grade of copper in different formations on the Black Rock claims. He indicated he antici- pates that further exploration of the copper deposit could show a substantial copper ore body. Walker said he has outlined a program of immediate weekly shipment of 100 tons to Monticello with eight trucks commandeered for the hauling project. Black Rock Uranium is a Nevada Corporation capitalised for 5,000,000 shares of stock. Walker said only 100,000 shares of common stock is being re- leased at Las Vegas, Nevada, at this time. He indicated1 Black Rock, in the coming months, will develop at least seven separate mines on its 1120 acres in the La Sal MAPPED FOR ALTA DISTRICT Denver Oil Man Yields To Lure of Uranium Hunting By 0. D. Quinlan Survey Denver Bureau eventually were to prove one most of the actively traded A program of exploration, with possible outlay of millions DENVER Latest prominent on American Ex- oil stocks the to pitch his hat in of dollars in die Alta district, is anticipated on the heels of the operator change due to its tremendous the uranium-huntinring is L. recent disclosure that New York investment banker Edward ore potential, and percentage A. Messmer of Denver. Elliott has advanced $450,000 to Cardiff Mining & Milling Com- basis leases obtained from the Messmer, instrumental in the pany, which controls tremendous ore potentials and actual ore Flagstaff, Kennebec and Wasatch discovery of the Big Beaver fiela mines for their diggings, which in in the Alta district county, Colorado, is a guarantee that operations has Washington formed a closed corporation While the $450,000 appears an of a tremendous (Continued on Page 4) revival in the to participate in the uranium ininsignificant amount, on the face Tintic district. dustry. of it, there will be several milSome veteran mining authori- FLASH! The new corporation is Great sum lions of dollars behind that see a possibility of Alta takties Western Exploration, Inc. Messif it becomes necessary to coma of the deal mer great present is president and treasurer of mandeer more capital. The ulti- ing the from uranium away Great Western. W. B. Messmer Is play mate objective is to make Carbecause of known silindustry and A. O. Burrell, diff a dividend payer. ver, lead and copper potentials. secretary. Prior to his commitment in Messmer said the corporation Shipment of new machinery is The Bristol Silver Mining Co, owns a Mayhew Cardiff, Elliott and the syndicate to be expedited to Cardiff. Of"1,000 rig he represents brought one of the ficials anticipated full scale op- has just discovered a new show- equipped with a t table. most eminent mining engineers, erations by July 1. It appears ing of ore which has filled sev"The rig is a combination air Charles F. Parker, Jr., to Alta. now that Cardiff will be listed on eral mine cars, officials announc- and water, unit and capable of Parker verified every statement the American Stock Exchange in ed. to a drilling depth of 2,500 feet, Cardiff officials had made and New York some time between Officials declined to estimate Messmer said. was enthused at the potentiali- July 1 and August 1. Statisticians how great the ore may prove to "We plan to operate mainly ties of the Alta district. His en- who approve stock listings of the be. on the Western Slope, Messmer thusiasm is shared by Mr. El- American Stock Exchange will The Bristol properties are a added, "and are interested in liott. arrive in Utah shortly to gather Pioche, Nev. A drill hole was put both shallow oil and uranium It now appears Alta will be information as to potentialities down and a drift was run off to drilling deals. it. It is located in a new area am revived as one of the biggest of the Cardiff properties. Messmers office is located at It would not be surprising to Bristol officials say it could be 1870 S. Niagra, Denver. His telemining districts of all time. In addition, the possibility looms mining authorities if Cardiff a good grade of ore. phone number is SKyline g Bristol Silver Hits New Ore vice-preside- nt 2,000-foo- Hew Process To loom Low Grade Uranium Ore movable from site to site. Survey Denver Bureau DENVER A new beneficiation The new process has successrevolutionize which process fully beneflcated carnotite and may the uranium industry was reveal- autunite ores obtained from ed today by Charles L. Love, in- mines in all major uranium areas ventor of the process and presi- in five states. They have been dent of Rocky Mountain Stan- raised from 10 to 30 times their original value. The degree of dard, Inc. Love said this week that pre- beneficiation appears to be af- liminary engineering work had been completed for the construction of the first portable mill. Contracts will be let in the next n few weeks for a per day to be designed capacity plant 100-to- I fected by the amount of lime and bentonitic materials present in the ore Itself. The process, originally developed and tested by the Company, received further assurances of its success as the result of pilot 000 pounds and be mounted on work performed at the Bureau skids. Set-utime is estimated of Research, Colorado School of to be two days, and knock-dowMines, under direction of V. L. time one day. The plant will be Mattosn. Filtering datawas de- movable using the same techveloped by Eimco Corporation niques developed by the oil Inof Salt Lake City. Equipment dustry in moving heavy field selection to fit the requirements equipment, according to Love. of the flow sheets was made with After processing, the ore is in the assistance of Western Ma- a fine powder form ready for chinery Company, Eimco Cor- finish processing and concentratporation, and H; W. Moore Equip- ing by standard mills. In elimment Company. inating 90 per cent of the ores unWhen completed the entire weight, considerable savings are it will weigh approximately 80,- - anticipated in haulage. In addi p n tion, ores of a grade ranging from .05 per cent to 2 per cent not now marketable because of grade or distance to a mill or buying station can be profitably mined if they are amenable to to process. Rocky Mountain Standards beneficiation method should not be considered limited to low grade ores, Love said. Uranium ore of a grade qualifying for the $1.50 per pound price as listed in Circular 5, Revised of (Continued on Page 4) |