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Show Ranger Uranium Moves Ahead With Approval Ore Face Opened . Tri .State Potential Told -- Tri-Stat- e Inly 15. 1955 The Western Mineral Survey, Salt Lake City. Utah Page Pom Uranium Co. has op- ened up a face of ore, six feet deep and 35 feet wide on the claims in companys 50 miles Garfield county, south of Hanksville, it was announced by Milton Bess, president. Tru-An- n Bess said assays average .90 e has per cent. He said 35 tons of ore about in shipped three months and has st&ck piled 15 tons. A road has been completed into the six claims in the Yellow Paint area, where Bess said the ore is high grade. The Yellow Point claims adjoin Harold Ickes property consisting of three claims for which Ickes is said to have received an Tri-Stat- offer recently of over $3,000,000. e President Bess said is starting some work on all of its properties. Underwriting will close July 15 through Coombs & Co., Ogden. The stock offered at 06c a share in other states, is not offered in Utah. It has SEC approval in Tri-Stat- in the same area and plans are under way for more drilling close to the new producer. Since there is no conservation maximum on the amount of petroleum that can be extracted from wells in Nebraska, participants in the venture would have their investment returned in less than 17 days, Witherell said. Witherells company was recently in the news when it purchased a half interest in oil operator Glen McCarthys 970,000-acr- e Bolivian venture for 4.2 million dollars. Notice of Special Meeting of Stockholders of Mineral Valley Gold Mining Company Notice is hereby given of a special meeting of stockholders the Mineral Valley Gold Mining Company, which will he held at the Newhouse Hotel on Thursday, July 28, at 3 p.m. for the following purposes: of 1. To vote on a stock merger with Treasure Mountain Mining Company of Utah. 2. To transact such other business as may properly come before the meeting or in the adjournment thereof. Only stockholders of record of July 20, 1955, will be titled to vote at this meeting. BY ORDER The company has 39 unpatented mining claims north of Vernal, Utah, which it owns outright. It has a two and one-hal- f per cent additional an in interest working 237 claims located in various areas of the Colorado Plateau in Utah and Colorado. By O. D. QUINLAN English Oil with its current uranium developments has good possibilities. In cooperation with Pan Handle Oil, English controls the Mai Pais Uranium Co. which has been in production in Colorado almost a year, and is reported in excellent condition. With their extension into the uranium industry English and Panhandle are acquiring additional claims constantly. Joseph Minton, president of English, has offices in the Walker Bank Bldg., Salt Lake City. Tri-Stat- Survey Denver Bureau 129.68 barrels an hour in the northwest quarter of section 21, range 55 West, Township 18 North. It blew in while being completed, and inundated much of the surrounding countryside with high grade crude oil. Sure Oil Co. has several wells cent issue of 3,000,000 shares recently was approved both by the Utah Securities Commission and the federal SEC, according to William Daugherty, president. New Mexico, Nevada, Missouri and Oklahoma. Bess said that because of the recent ore discovery the 4,700,000 share offering will be cut down to a little less than one-hal- f that Ranger has been underwritten e amount. Other officers of by Capitol Securities Corp., 303 are Frank Lawrence, vice Darling Bldg. president, and Harry Rich, secretThe 39 claims north of Vernal ary-treasurer, both of Salt in the Browns Park formaare Lake City. tion which is currently being drilled extensively by the Atomic Energy Commission who have four drill rigs working now. SURE NEBRASKA WELL PRODUCES 3,100 BARRELS OF OIL DAILY V. B. Witherell, DENVER of Oil Co., anSure president nounced today completion of a well in Banner county, Neb., which is producing more than 3,100 barrels of oil a day. The well, Lovercheck No. 1A, was completed at the rate of Ranger Uranium Corp., a five Stocks to Watch OF THE BOARD en- OF DIRECTORS, Russell Cashin, Secretary The Buffalo Head mine, just outside of Lay, Colo., on the main highway is reported producing autinite ore. Current production of Ranger Uranium is from the Skull Canyon area where the company is currently stock-pilin- g ore. Shipments are scheduled to start early next week. Ranger owns its own drill rig, officers report. Officers other than Daugherty are Raymond J. Garcia, vice president, Salt Lake City; E. J. Bancroft. treasurer, Vernal and Hal D. Peterson, director, of Salt Lake City. All officers are gain for those who buy while the general public is holding off. The stock once hit .60 and Frank Whitney says it will again make money for somebody. Stanley J. Lake, president of Crestline Uranium and Mining Co., announced today an extension program in drilling and exploration on properties owned by Crestline and also on Lucky Lake Inc., located in Utah and Colorado. Consolidated Eureka Mining Lake said some good shows have been found and further degust and has been producing velopment work in an exploralead, gold and silver, is sched- tory manner is going ahead, to uled to show a nice profit for determine how much mineralizathe first half of 1955, Auditors tion is present and if in commerCo. which hit the ore last Au- are now working on the final tails of the report. de- cial quantities. i Lucky Lake Uranium, according to Lake is now in the process of rim stripping the No. 1 Moab King, a penny offering, through with Kennecott executives and claims 14, of the North Creek in Mesa county, Colo., with a Dozer. The contractor Continental Oil executives comD-- 7 prising some of the management informed Lake he has conwill complete its offering in two tacted excellent mineralization weeks, according to underwriter, and hopes to determine an ore Potter Investment. body as work progresses. 120 claims near has Company Kanab on which Standard Ores and Alloys is drilling holes at Polaris Mining Co., Wallace, close proximity to each other. It Idaho, showed a net profit of also has 20 additional claims near $119,400 for the first quarter of Kanab and owns uranium claims 1955 according to a report made near Big Mesa in Colorado, and public recently. Net income in is acquiring more claims in Wyo. public 1954 was $549,013. On Janaccording to well authenticated uary 1 the current assets totaled reports. $1,583,415 against current liabilIdaho Ore Surveyed ities of $278,758. Polaris paid a 20 cent divident in 1954. Thus A new bulletin on uranium, thorium and tungsten in Idaho Strategic Metals, Inc., when it far it has paid two quarterly becomes available will bear of 5 cent each in 1955. has been completed. The publication was compiled watching according to Ruth Reyby Dr. Earl F. Cook with the help nolds, woman member of the of the Bureau of Mines and Ge- Salt Lake Stock Exchange, who Bunker Hill & Sullivan Minology, University of Idaho, Mos- said the ore reserves are tremen- ing & Concentrating Co., Keldous and the management out- logg, cow. Idaho, reported net income standing. in 1954 of $1,985,512 or $1.47 a share. Assets are $13,142,602 Uranium Detecting against liabilities of $2,919,931. Sun The company had a 75 cent per found Uranium & minsome Equipment Supplies eralization when it put down one share dividend on common stock SCINTILOMETERS drill hole in Lisbon Valley, Sun in 1954 and in the final quarter BISMUTH COUNTERS expects to complete two more of 1955 expects to go on a 50c GEIGER COUNTERS holes and produce an ore show- quarterly dividend basis, or on DRILL HOLE COUNTERS ing that will buttress its appli- a 10 per cent yielding basis. Net cation for a $200,000 DMEA loan. working capital is now $10,222,-67- 1 MINERALITES an increase of $1,500,000 in METAL DETECTORS a The 1954 revenue totaled year. Transits - Levels - Compasses more than M L and $35,000,000. Rare Earth Refining Gold Pans - Picks - Books Co., is in Murray, Utah, producMineral Glasses tion with the refining of rare REPAIR earth oxide on a full time scale. TERMS Last minute information indicates that the Blue Lizard mine Counters For Rent owned by Lucky Strike Uranium Buckeye Uranium recently be- has cut through a mud bank into gan shallow drilling on the Com- what appears to be a very ex220 South State panys national claims in the In- tensive new ore body. ConservaSalt Lake City, Utah dian Creek area. Drills will go tive estimates Indicate that the down from 40 to 50 feet. The stock tonnage may be valued in excess first came out at a penny. It is of several million dollars. A Long now .01 Form underwriting is in process to .02c. for Blue Lizard and Lucky Strike. A crew of geologists is performEmerging from the sweat and ing the geology required by SEC grime of the July decline, in connection with the publicaat .40 and .44 appears a bar tion of an Heavy Hauling offering circular. div-iden- Grand Jewelry A. P. KIBBE & CO 42 WEST BROADWAY SALT LAKE CITY Phone 11 1 TWX SU560 ASHWORTH TRANSFER CO. Col-U-M- ex Machinery Movers Winch Rigging - Erecting House Moving Phone 84-76- 200.000 Shares May Day Uranium Stock 200.000 Shares Uncompahgre Uranium Stock 31 Correspondent JOSEPH McMANUS & CO. Private Wire System to Leading Cities R. CLYDE ASHWORTH Res. Phone 6-63- 60 R. C. ASHWORTH Res. Phone WANTED TO BUY 6-47- 53 1526 So. 6th West 100.000 Shares of Gem Uranium Stock TIand 011 Co. Stock, Denver Colorado JSS'SSS Shares Seagull Uranium Stock 5.000 Shares Johnson Tester Stock S" J 100.000 S" tectonic lac. Stock, Lexa Oil Company Stock. .Ra,far Her York Address 308 West Second St., Tyler Texa ts |