OCR Text |
Show Tli August 12, 1955 Weitern Mineral Pit riv Sail Lake City, Utah limy, New Water Gives Life to Syndicate Minel Transwestern, Atomic Firms Merge; Combine Exploration Rich Holdings I Merger of Ura- Trans-Wester- n nium Co. and Atomic Exploration Co. of Cortez, Colo, was unanimously approved at a special meeting of stockholders of Trans-WesterMonday afternoon in the companys Salt Lake offices. A total of 25 persons attended is being run at present on the newly acquired ore body of the mergered company with the expectation of shipping ore from n, representing 4,500,000 of a total of 6,500,000 that property at the rate of 30 tons per day within three weeks. The merged company will ren tain the name Trans-Wester- Uranium Co. shares out offi- present Trans-Wester-ns shares of cers and directors were elected Trans-Wester- n to the new company with the outstanding. Atomic brings to the merger an addition of Richard J. Tibbitts, ore body with presently blocked of Cortez, Colo, who was named out ore totaling in value in ex- a director of the newly merged cess of $300,000, plus a 50 per company. He was formerly an cent interest in a; producing cop- officer of Atomic Exploration per mine at Rico, Colo., plus sev- Co. eral excellent uranium properties located throughout the Colorado Plateau. It was announced that a drift Cane Springs To Drill South of Moab r Why Pay More? Well Get the Core Drilling operations began recently on the 67 claims of Cane hL ' ' , &J.- - J , ir V' s K s ' ' ? V 4t 'A , J ' Vi . ' , J jv?t band el enthusiastic miners, stockholders and operators of Utah Galena Oil Corp. inspect new Oil equipment now in use at the old Syndicate A P V tw 4 4 f s . v v Springs Uranium Co., 15 miles southwest of Moab, it was announced by B. D. Krumloaf, vice president of the company. The company has $175,000 in the treasury from sale of stock Company properties are near those of Cimota Uranium Com those of Cimota Uranium Co. and Climax Co in the Cane Springs area. Kdumloa$ said the company is in the process of a ding more claims in the same locality. Officers are President Clarence Gray, Vice President B. D Uranium 9 A: ?. and Mineral Company in the Santaquin Mountains. Ben H. Bullock, president of Utah Galena, appraises the new air locomotive. Utah Galena Resumes Operations After a five year silent period due to lack of water to operate, the Syndicate Oil and Mineral Co., mine on the Santa-jui- n Mountain in Utah is back ,n operation. The reason An almost unbelievable occurrence of a new stream of spring water. According to Ben H. Bullock, president of Utah Galena Oil 2orp., company working the mine, a dry hard formation extending 300 feet at right angles of the main tunnel showed moisture and recently caved in with a strong stream of water flowing. During the past few weeks Utah Galena has launched an extensive development program to put the mine back in operation Bullock said more than 2,500 air feet of track and a two-inc- h pipe have been installed. Modern machinery including an air locomotive, mucker, cars, compressor and air ( driven drills are operating. The mining program will proceed on the basis of a geological report made on the mine before the dry spell hit five years ago, Bullock said. these Utah Galena stockholders tnnnel. Left viewing the new stream of water in the Syndicate to right: P. W. Pierce, Bay D. Steele, Mrs. John Boch, President Bnllock, LaVon P. Hales and Maurice Olsen. "It's a miracle!" was the opinion of NOTICE TO STOCKHOLDERS UNIVERSAL URANIUM CORPORATION of Utah stock immediately obtain urge that all persons now owning their certificates from brokers and be sure that same have been of the Company in order to properly transferred on the books avail themselves of all rights as stockholders. We CARLYLE C. EUBANK, Sec.-Trea- s. UNIVERSAL URANIUM CORPORATION Quoting the report he said the present tunnel is going east in Teutonic limes . . . beneath this series is the Ophir formation and the Teutonic quartzite . . . These formations have been immensely productive in the Tintic Standard, North Lily and Eureka Standard directly, across the valley in the Tintic district. Bullock concluded the geologists predictions of the mines values have been carried out. Assays taken from the formation show lead, sliver, gold and So far, Krumloaf and UTAH DRILLING COMPANY Contract Drilling Core Drills r Secretary-Treasure- Elmer E. Gray. An original offering of 1,200,-00- 0 Wagon Drills shares of Company stock was made in April at Denver and New York at 25 cents a share. It is nowd quoted 10 cents bid and 18 cents asked. Quotations are available only in New York and Rates at Competitive Prices Denver, Krumloaf said. Pacific, Silver To Block1 Vote Pacific Uranium & Oil Corp,. Contact which owns 25 per cent of the stock of Silver State Uranium Co., has entered into a voting trust agreement with other shareholders of Silver State whereby of the 200,000 shares 103,084 outstanding, representing major ity control, will be voted as a block. Adolph Kaufman, president of Pacific, and Jack H. Lopata treasurer are also substantial shareholders and members of the board of directors of Silver State Silver State has important holdings in the Uravan, Colo., mineral belt. BILL OWEN P. O. Box 586 Phene Alpine 3-4- - Alpine 3-4- Moab, Utah This is neither an offer to sell nor a solicitation to purchase the stock described below; such offemg is made only by means of the offering circular TRIANGLE URANIUM CORP. (A Nevada Corporation) Public Offering - 5,000,000 Shares Common Stock Ic Par Value Offering Price - 5c Per Share Non-Assessab- le WEBER INVESTMENT COMPANY 2434 Kiesel Avenue Ogden, Utah Telephone 33 MAIL COUPON FOR OTTERING CIRCULAR fron. Utah Galena Oil, Syndicate Oil and Mineral Co., and Idaho Oil and Mines Corp., carry interest in the property. Aside from the mineral find, Mr. Bullock said, the land has extensive timber property. Please send Offering Circular on Triangle Uraninm Corporation to: Name Address , - City ...........M............MM......M.M..H..H..N..W... StatO ............. ...HMMMH.M..M |