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Show Spanish Trail 'Active and Higher1 According to Coombs1 Analysis Dividends Olcehed Moab Uranium He-ele- Hickman cts Survey Denver Bureau Kejr of Woodrow, Colo.; R. A. vice president; and Kejr was rePitzer and Dan Hendrich of elected president. Other officers Moab Uranium Co. today be- Moab. are Pitzer, assistant executive came the first uranium corporaHickman was chair- vice president; Dan and Joseph tion headquartered in Moab, and man of the board and executive Hendrich, vice presidents; Inez one of the4 first on the Colorado and Robert secretary; Hickman, Plateau, to vote a cash dividend. assistant secretary Lorentzen, and treasurer. The payment, 10 per cent of par Pitzer described company acvalue or V& cent a share to stockfor the stockholders. Newtivities holders of record June 30, was est to go into production, claims approved by stockholders at the are he the Lackey group in said, first annual meeting: of the firm. the Big Indian Wash. Settlement Moab Uranium started operasheets on the first shipments tions in July 1954, financed by have not been received, but asays a $125,000 stock issue. Net worth indicate an exceptionally high of the company since then has uranium oxide content. On the increased $922,266, according to company's Henry Mountain the official report. drift is being property, an driven and is expected to be in Moab Uranium owns or holds ore by Aug. 10. Interest in more than 2,000 minBoard chairman nickman told ing' claims, including- a number stockholders "it's not the first of producing properties. dividend that counts, if s the ones Three new members were that follow." Moab Uranium, he elected to the board of directors. said, expects to be able to pay They are Eee Sefton, San Frandividends regularly In the future. cisco attorney; L. D. Norris, auto Hickman added that within the dealer at Deer River, Minn.; and last week proposals have been J. D. Haynes, oil man of Odessa, received from three companies C. M. HICKMAN Texas. directors were seeking to merge with Moab UraC. M. Hickman of Moab; Joseph Moab Uranium nium. Operations and assets of those companies will be carefully surveyed, he said, before any re-elect- 80-fo- ot - Re-elect- August 5, 1955 The Western Mineral Survey. Salt Lake City. Utah Page Four ed re-elec- ts decision is made. The companies were not named. STATEMENT OF POLICY has increased the price of the stock to around seven cents. The cash position of the company In June was approximately $190,000. "With a good cash position, capable directors and active management, plus outside interest shown in New York and on the Pacific Coast, plus potential or ket. The analysis says: "Spanish Trail's public offering desirable ore property controlled was made at six cents a share. by the company, Spanish Trail There are approximately 10,000,-00- 0 offers an attractive opportunity shares outstanding. The com- for the speculative aspects of pany has acquired a 100 per one's portfolio." cent interest in the Window Rock In its weekly analysis of a favorably situated uranium stock, prepared by the Co's research department, Coombs & Co. this week, analyzes the potentialities of Spanish Trail Uranium Corp, now active and higher on the maruranium over-the-count- er properties. "Geological reports and assays indicate ore upwards of 2 per cent. In mining operations, spots of ore, as high as seven per cent, have been uncovered. The company has recently entered into a drilling contract with Blow Valley, a Nevada corporation, to drill 4000 feet of holes in Claims. Ray Taylor, the "Further drilling arrangements on a joint-ventubasis, with two have been made, oil companies of for drilling the uranium properties for an Interest, without cost to Spanish Trail. "Recent national interest of both mining and financial people, re William J. Owen, Moab Mines, Inc. president has volunteered to escrow his Moab Mines stock for a period of two years. The move, Mr. Owen said, is to indicate the sincerity of his company's intentions to produce a financially strong and healthy mining organization. If Moab Mines Inc. expansion program is successful Mr. Owen will realize a gain from his present stock holdings and dividends and capital gain appreciation in value over a period of years. Moab Mines, Inc. recently ac additional quired thirty-threuranium claims located on the southeast flank of the La Sal Mountains in Grand county, Utah. S LEON M. FRAZIEH Vice Pres. of Red Hill Uraninm Co. Provo. Utah "WHY PAY MORE? The property is situated on the same 'ring of proven uranium properties which virtually surround the La Sal Mountains. The d claims lie approximately WE'LL GET THE CORE" eight-thousan- feet north of the original pitchblende claims which sold for $900,000.00 in 1954. Stocks-Gramlic- h HiAflEfc H Overlying Morrison geological OFFERING PRICE PER SHARE 10c 2,000,000 SHARES NON-ASSESSAB- LE CAPITAL STOCK 10c Par Value company is in the mining business and is presently in the exploratory stage. An offering circular may be obtained from: The Moab Brokerage Co. The corporation holds unpatented claims in Grand, San Juan and Emery counties, Utah, and in Montrose, San Miguel and Montezuma counties, Colorado. Please send me a copy of the offering circular relating to Moab Valley Uranium Co. Salt Lake City. Utah Phone 22-58- Address 18 or City TOUR OWN additional claims now increase the company's mining territory to 4,625 acres which includes twenty acres of tungsten property and eighty acres of mercury property. BROKER Name State thirty-thre- e The company has already begun - initial exploration drilling on the La Sal area properties, but operations are now temporarily halted awaiting arrival of new equipment water-haulin- g Core Drills - Wagon Drills RATES AT COMPETITIVE PRICES Let Us Give You an Estimate Contact Jewell Drilling Grant Shumway is supervising the drilling program of Jewell Uranium Corp., which started this week in the Lower Cotton of a mile from Wood, n claims and one-fourt- UM Contract Drilling Shumway Directs Trans-Wester- 19 West So. Temple all-weath- er e strata, the Moab Valley Uranium Co. miles 60 h three-fourt- hs of a mile from the Sun- shine Mine which is west of Jewell. The initial offering of Jewell at .02c a share was closed recently and officials said they are now winding up total figures. The offering was 12,500,000 shares. The company is in a favorable position as to geological location, officials declared. tP.O. Box 586 Upiie in envisioned by mine operators of the vicinity, who are joining in a petition for creation of a shorter route. The petition seeks immediate construction of a good road for six miles from Brawn's Ranch to the Lampstand area, whicb would connect with the Boulder Road, a saving of 60 miles. This is said to be absolutely essential to economy. Total distance now traveled is 160 miles. A sandy creek bed containing pockets of sand, located on the existing route causes large trucks to be mired in dry sand with subsequent trouble. The new cutoff would provide an route. Regarded as urgent, the petition is to be presented within a week with a copy mailed to Senator Arthur V. Watkins. All of the mining ventures in the Circle Cliffs area are now looking ahead towards programs of the Corporation. (San Francisco Mining Exchange) of saving Cliffs uranium properties and the Marysvale receiving depot, is partner in Uranium Engineering Co. has been installed as new General Manager and Director of Moab Prexy To Escrow Stock Preliminary negotiations were held with Mayday Uranium officials, by the officers of Red Hill Uranium Co.. with respect to a possible merger of Mayday Uraninm Co.. into Red Hill Uranism Co. These negotiations have been completely terminated by the officers of Red Hill Uraninm Co.. and there is no present intention to merge with Mayday Uraninm Co. Merging Red Hill Uraninm Co. INTO any other corporation has never been the policy, or considered, by Red Hill Uraninm Co. Bed Hill Uraninm Co. has never considered any merger on a share for share basis of trade, unless the merging corporation had stock of equal valne to Red Hills (approximately 40c on the San Francisco Mining Exchange) . Stockholders in Red Hill Uraninm Co. are advised to beware of possible rumors with respect to the operations of the Red Hill Uraninm Co. Contact yonr company officers for complete and accurate information. A truck haulage between the Circle 14-Riv- er Red Hill Uranium Co. Co. Petition to Ask For New Road 56 Moab, Utah Alpine 67 |
