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Show Inly 29. 19SS The Western Miner! Survey. Sell Like City. Utah Page Two WESTERN MINERAL Inca Deals For Wyo. Property Reported To Have 200.000 Tons Ore EDITORIAL Front Money Check SURVEY News 421 - Advertising - Circulation Phone Church Street Salt Lake City, Utah Inca Uranium Co., Salt Lake .11 Officers of uranium companies who may have used front City, is negotiating final con- mining processes within three two claims weeks. money as well as proceeds from sale of penny uranium stocks in tracts a to purchase one with per cent ore Entered u eecqpd due matter at Salt reported The firm also has an option to general, have done a damaging job to the uranium business. in the Green River district, Wyo., buy 35 claims in Wyoming lo- Lake City. Utah, under Act of Much 3, isn. In some instances, this type of money, specifically earmarked according'to Heniy Arnold, vice cated 150 miles south of Riverton Subscription ratea: 65.00 for two yeari; under the state law, to be used for exploration and development president. They expect to start in Sweetwater county. 63.00 for one year. of company properties, has been spent for legal fees and fees of Ore on these properties has Fleaae mention Western Mineral Surbeen assayed at .1 to .22 per cent. vey when writing to advertisers. Adverpromoters. One vein, Arnold said is four tising rates on application. Fortunately for the youthful uranium industry, the number of feet thick yielding one per cent Publisher flagrant abuses has been limited. Unfortunately, however, ore. He estimates 200,000 tons of HARBT B. MILLER FELTCH to Editor be caused taken have have GAIl a that abuses stigma place, flagrant uranium ore on; the property. restore O. D. QUINLAN Editor reflected over die entire uranium industry. Inca officials and Willard FRANCES JENKINS Adv. Manayer This has resulted in unfavorable magazine articles published Stringer, Evanston, Wyo., are L. M. HILL Contributing Editor Green on the final papers signing who in in national publications, by writers, failed, many cases, River claims. to obtain all of the information available. DENVER BUREAU These claims, Arnold reports Inaccurate and incomplete information was accepted as a were mined' in 1951. More than News - Advertising Circulation 500 tons of uranium ore showing 722 Kltteredge Bldg. bona fide interpretation of conditions in the uranium industry Denver, Colo. NORMAN LEVINE Bureau Chief were taken of of die law violations whereas $14,000 set forth, applied only as a whole, receipts For the news of moat dgnificanee In from the claims in open pit min- the mining and oil world. to a minority of companies. ing by previous owners. Although the Securities and Exchange Commission has been The claims are ready to mine, All news appearing In the Western die the of same activities token, brokers, allegation by scrutinizing Arnold said. A road is built Mineral Survey is obtained from sources is put forth by many dose observers, that polidng authority across the property which is 60 believed to be reliable hut no responsibility la assumed for accuracy of miles from the buying station. vested in the State Securities Commission had not been exercised The claims are three miles with the degree of survdllance that would bring about complete southwest of Four Corners Reproduction of any material from this conformity to all phases of the law. Arnold reports. most have written permission publication Promoters of new stock ventures obtained front money Inca is also investigating pos- from the publisher. sible purchase of oil properties in from some prospective stock holders at a penny a share with as Wyoming on which they now surance that when the public offering is made to die public the hold options, Arnold said. price would be 3 cents a share. There is little doubt some front money was diverted to pay promoter fees and legal fees instead of for exploratory work Mechanized' in mining. Finally, the S. E. C. is attempting to corred established abuses by correcting the law to provide that this type of pre The board of directors of Penmoney be used only for legitimate mining enterprises. nell Uranium Corp. through Sam Souvall, president, announced today that they know of no outLow Grade standing agreement to merge Bureau Denver Pennell with Marble Canyon Survey Uranium Corp. North StanMOAB, UTAH Recent AEC inspection of the dard Mining Co. began a com- purchased all assets of Clyde Pennell properties has convinced pletely mechanized operation this Uranium Mines from Bellows Pennell management that they week in the Church stope of its and. his associates. have one of the largest uranium new Lark Leighton mine in Bull Bellows, a graduate of the ore bodies in the Henry Mountain of Washington in geology region. Canyon, Montrose county, Colo., mines manager Clyde R. Bellows in 1949, has been in the mining Pennell will merge with Marsaid today. business since he began working ble Canyon or other corporaConstruction of a uranium upWith the new equipment, Bel- in a camp kitchen at the age of tion in the evenany such merger that uranium busring ng station has been approved. lows said, production will be 12. He grading mill and five in the spent years to would contribute economic the station near Cameron, Ariz., Marble Canyon property is apto 50 tons weekly im- marine corps during World War well brought Naof Pennell and the being jointly sponsored by El Faso proximately 60 miles from the mediately. Eventual production II. Most of his early experience stockholders of both merging tural Gas Co. and the U. S. gov- mill site near Cameron. was in the Pacific Northwest. goal is 130 tons weekly. Souvall added. companies, ernment, is expected to enhance Bellows became mines manaAfter graduating from the UniAndrew W. Souvall, director Directors of Marble Canyon Marble Canyon Uranium comof Washington, Bellows Uranium Corp., reached versity of Marble of Canyon, reported for today, production panys program worked three years with Day also denied any discovered that have of geologists ores. knowledge low grade Mines of Wallace, Ida., as mine the of as a result mill and previous drilling the buyThe plan for previously reported merger. geologist, and then for nearly that Marble Canyon in addition from 1) (Continued Page two years was chief geologist for to having shinarump channels, also contemplates the possibility ities and Exchange Commission San Francisco Mines of Mexico, Advertise In The . . of shale and chinle channels on and House, interested in the prob Ltd. In that post he traveled its properties. lems of the domestic mining in- over Mexico and in Africa on WESTERN likewise been in- mine examinations. have dustry, CanSouvall said that Marble Later he was consulting geolvited to take part in the ConvenMINERAL SURVEY yon, in cooperation with a major tion program, along with indus- ogist in Seattle for a time before oil company, is about to enter organized Clyde Uranium try leaders from all parts of the he Reach an Interested market! Mines last January and took over upon a coordinated extensive country. the Bull Canyon lease. drilling program in the area. I . Ura-nou- m, Pennell Pans I I '0ompefey North Standard Production In Lark Mine Speeded Up Aid Upgrading Mill Plans OK for Marble Site Merger Idea With Marble Uni-evrsit- Uranium Problems Uranium Detecting Equipment & Supplies SCINTILOMETEBS BISMUTH COUNTERS GEIGEB COUNTERS DRILL HOLE COUNTERS MINERALITES METAL DETECTORS Transits - Levels - Compasses Geld Pass - Picks - Books Mineral Glasses REPAIR TERMS Counters Per Beni Grand Jewelry 220 Sonlh Stale Salt Lake City, Utah Stock piling of high grade ore from the outcrops is now under way prior to shipment, he said. Three outstanding geologists, were impressed with the Marble Canyon claims and their possibilities, following a recent visit to the company properties, Souvall declared. He said that staking of claims is going forward on a tremendous scale for a radius of miles throughout the area which includes Marble Canyon property. Souvall pointed out that Marble Canyon has taken time to build the foundation of the legality and certification of its claims, in compliance with standard mining procedure. The companys application for a DMEA loan has been approved, Souvall declared, and notification thereof Is ex150 pected daily. According to Souvall the Webb-Meye- r Construction Company exto drill 16 claims across pects the Paria River from Marble Canyon claims which directly adjoin. A declaration of policy getting forth the mining industry's views on national policies affecting mining will be drawn up during) the October meeting. I Western States members of the program committee from among mining equipment manufactur-- 1 ers who helped develop the Min-- 1 ing Congress program are: Charles H. Chase, Gen. Mgr., Vulcan Iron Works Co., Denver, Colo. Jack H. Howe, Pres., Western Machinery Co., San Francisco, Calif. Judson S. Hubbard, vice president, Engineering Div., Humphreys Investment Co., Denver. J. M. McKean, in charge of Mining Sales, Alloy Steel & Metals Co., Lo4 Angeles, Calif. C. Lynn Peterson, vice presi- dent, Peterson Filters & Engineering Co., Salt Lake City. J. Rosenblatt, president, Mine Safety Appliances Co., Pittsburgh, Pa. Albert E. Seep, president, Mine & Smelter Supply Co. Denver. This is neither an offer nor a soliciation; sales may be effected solely by means of the Offering Circular Chieftain Uranium Mines Inc. f A Utah Mining Corporation) Par Value Cents Price Share Offering Exploring Mining Claims Cottonwood Canyon, San Juan, County, UL r PUBLIC OFFERING West Flank San Rafael Swell Emery County. Utah Capital Common Stock 4.000.000 Shares The Company's Offering Circular May Be Obtained From (Non-Asieakl- o) Empire Securities Corporation Underwriters 311 So. Main Street Salt Lake City. Utah Telephone 22-05- 51 Send CHIEFTAIN OFFERING CIRCULAR to Name Address City lg. State |