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Show September 16, 1955 Page Three The Western Mineral Snrvey, Salt Lake City. Utah cents a share is available in to .07 Stock now quoted .06 Colorado, on the eastern seaboard, in Texas, and in other states disclosed today. scattered throughout the west. It was offered originally at 10 cents Harris is preparing a progress letter to stockholders for mailing a share as a full regulation offering in anticipation of a $300,000 on September 25. The ore of the first shipment, according to Harris return. Silver Pick has property near Blanding, Utah, on which it has averaged .55 percent uranium and 2.6 per cent vanadium. It came off company properties on the Flat Top Mesa of the requested a $32,000 government DMEA loan. This awaits final apGateway Mining District of Colorado, where ore runs high in qual- proval from Washington. The company also reported acquisition oil royalty interests in Texas on which it has of some over-ridin- g ity with small deposits. Harris indicated Silver Pick will continue to ship small amounts two producing wells. of high content uranium ore. There is a scarcity of country rock Mr. Harris said the company also owns royalty interests on with which to mix it, he said. 266 claims scattered throughout the Big Indian mining district, Harris said Silver Pick has drilled and blocked out $200,000 where drilling is now in progress. He said ore has been blocked out worth of gross value of ore in the ground, supported by chemical on Silver Picks 46 claims near Blanding where additional drilling assays. He said the company plans to speed up production, having is anticipated. which has proved an replaced the wheelbarrow with a scoot-cret- e We are quite pleased with the over-al- l operations of the comefficiency vehicle in stepping up production. The company, he said. we last Harris President since is in the black. may, began added, pany Silver Pick Uranium Corp. has shipped 65 tons jot ore averaging $78 per ton for a gross revenue of $5,091, James P. Harris, president, FRED S. . . JENSEN . Joins Denver firm. Denver Firm Adds Fifth Reg. Geologist Survey Denver Bureau Halbert & Jennings, Denver Oil firm announced today the appointment of Fred S. Jensen, to the position of regional geologist. Jensens appointment makes the fifth regional geologist to be added to the Halbert and Jennings staff in a little over a year. A graduate of the University DENVER, Sept. 11 of Rochester, Rochester, N. Y., Jensen received his Ph.D. from John Hopkins University. Jensen worked with the U. S. G.S. in the Montana and North Dakota sections of the Williston Basin from 1946 through 1951. From 1952 until the first of August, 1955 Jensen served in many capacities with the geological department of the Texas Com- SILVER PICK COUNTRY Scenery enroute to the Flat Top Mesa of Silver Pick Uranium Co. in the Gateway mining dis- pany. trict of Colorado is states. On the southeast corner of Flat Top Mesa the shinarump formation is apparent. Small deposits of high grade ore are the rule in this area with quality replacing quantity. one of the outstanding areas in the western The firm of Halbert & Jennings is an exploration and production company and maintains offices in the Mile High Center in Denver and in Evansville, Indiana. The addition to their staff is in Purchase by Horse Canyon Uraline with their constantly exnium Co. of 27 uranium claims in panding exploratory program. the heart of the highly productive The company now has producWhite Canyon area was antion in Indiana, Kentucky, Illinois, Oklahoma and the Denver, nounced today by Dr. Harold H. Julesberg Basin. Cutler, Horse Canyon president. The firm is also actively engagThe property, according to Dr. ed in exploration work for uranium in Colorado and Wyoming. Cutler, is three miles from the Horse Canyon Buys Potential Claims , Big Horn Awaits Pioneer Results on Tunneling await significant news on the piBy O. D. Quinlan Uraoneer tunnel. No commercial ore Spokesmen of Big Horn nium Corp. are awaiting news of has been found on either tunnel the result of the 1400 foot tunnel yet. which Pioneer Gold Mining Co. Spokesmen for Big Horn say has driven through Big Horns three drill holes on the Lost Boy Lost Boy claims in an effort to claim indicate .44 to .56 per cent prove the uranium mineraliza- on a Babbel counter. The Pioneer tunnel will soon tion of its own properties. tunenter under the heavy Chinle D Pioneer has extended the nel 500 feet to explore its own cap, where most of the important property. The aim is to extend it White Canyon ore bodies have 1400 feet through Big Horns been located. Lost Boy No. 2 claim, at no cost Meantime, the nearby Happy is Jack to Big Horn. All ore displaced mine, is working through acin the direction of four tunnels to be stockpiled to Big Horns these claims. Big Horn owns three count. Work has been discontinued on claims totaling 55 acres in this Big Horns tunnel, to the north area, which are apart from the on the Lost Boy Claim. It was joint working agreement. driven for 300 feet. Officials now Noble Dodge, a director of Big Horn, displayed an ore sample today taken from the Happy Jack mine which he said assayed .30 Smiley Hospitalized per cent copper and .30 per cent Samuel Smiley, a director of uranium. Gold Cloud Uranium Corp., and The ore was obtained from well known in Salt Lake City, is Bronson and Joseph CoopGrant hosCalifornia a in convalescing two of the three owners of ten er, a attack heart pital following the Califorprivately owned Happy Jack days ago. Reports from mine. nia are that he will be laid up Happy Jack mine is close to Big Horn property. for six months. per day Mabey Mine and the property, that the copper mina similar distance from the Gisma eralization present is common in mine, a prominent producing ,arge uranium producers in the White Canyon area. company of the area. A good road provides easy acHorse Canyon offcials were cess into the property, with a govelated with their new purchase, ernment buying station located confidently believing it will only 12 miles distant on an excelprove to be a producer compar- lent improved road. able with the best mines in the In addition to its newly purarea. Spokesmen of the company chased claims, Horse Canyon Urasaid there is a highly mineralized nium also owns 50 claims in the ore channel exposed on the prop- highly productive Circle Cliffs erty. area. The recent drilling program on Surface samples obtained on Circle Cliffs property has shown the property, according to good mineralization, company averaged .33 per cent officials said. Spanish Trail Turns To 200-to- n corn-spokesm- en uranium with a 10 per cent copHorse Canyon officials said neper assay. It was pointed out by a noted gotiations are now in progress for of additional mineralologist who geologized White acquisition Canyon properties and are confident will substantially increase Horse Canyons production potential. Holly Uranium Buys Quicksilver New Mexico Bureau Holly Uranium Co. of Albuquerque which has four operating uranium mines in New Mexico has announced purchase of a quicksilver mine 160 miles north of Boise, Ida. A company spokesman said the purchase price paid to United Mercury Mines Inc. was $1,300,000. The spokesman said it is part of a diversification program un- derway by Holly. In addition to its operating mines in the Grants-Gallu- p area of New Mexico and in the central part of the state in Socorro county, Holly has extensive exploration Zuni work on the 372,000-acr- e started Indian Reservation. SALE: 100 Shinarump Oil, Too Spanish Trail Uranium Co. is following the trend of several of the firms in the western states area. Within the next few days, according to Ray L. Taylor, general manager, the company will commence drilling on its first oil well. The well will be drilled on a 160 acre farm-ou- t from Humble Oil Co. located near Abilene, Texas. Spanish Trail is working on a joint venture with J. D. naynes and M. L. Kenebrew, prominent Texas oil men, who will personally conduct drilling. The well will be known as the Spanish Trail No. 1 Texas, Taylor reports. ore-diggi- Advertise In The Claim-Grou- p . . WESTERN next to group reported having $7,000,000 blocked out. Phone 4569, Grand Junction, MINERAL SURVEY Colo. Reach an Interested market! FOR SALE 30,000 ACRES (Approximately) in Valencia County, New Mexico. State Mineral Leases in Producing Grants Area. NEW 5 YEAR LEASES - TERMS Write Box 642, Salt Lake City, Utah For Further Information |