OCR Text |
Show October 14, 1933 The Western Mineral Surrey, Salt Lake City. Utah Pag Two - Editorial WESTERN MINERAL SURVEY Who Owns What? Court actions affecting title to uranium properties have NEWS - CIRCULATION become almost a daily occurence in the respective county seats Phone Ell 421 Church Street at Castle Dale and Price, Utah. ADVERTISING Phone HU Box 3131 It appears that actual discovery of ore on a property is the Lake City, Utah Salt Entered ae aecond dais matter at Balt only basis of fact on which the court can proceed to a decision. t..u. city, Utah, under Act oi March 3, difficult finds it court If a protestant does not have the ore, the 1879. Subscription rates: $5:00 for two yeari; to award him title. $3.00 for one year. It sometimes happens that an individual will take up as Please mention Western Mineral Surwhen writing to advertisers. Adveranvey many as 500 claims, never spend a cent on the property, and tising rates on application. other individual will claim the property was not refiled in the Publisher HARRY B. MILLER county court house as should have been the procedure. Editor GAIL FELICH Feature Editor Even though a claimant has put up his posts, it sometimes O. D. QUINLAN Business Mgr. FRANCES JENKINS in the claim of happens another prospector, sensing a loop-hol- e Contributing Editor L. M. wrr.r, : the original tenant, starts drilling on the claims. URANIUM. SILVER OR GOLD? In the near future this it could be DENVER BUREAU The first individual who discovers ore, is the owner of the any one of these valuable minerals for Congo Uranium Corp. The News Advertising - Circulation property, even though he had no prior claim there. company is negotiating for Canadian properties. 733 Kitteredge Bldg. Denver, Colo. There is one spot in the Sinbad area which is state land, most news of in significance the For from world.' oil have which and there been never dear mining the interpretations upon the state with the consequence it is difficult to determine WHO All news appearing in the Western Mineral Survey is obtained from sources hazardous of is so the county there OWNS WHAT. The lay believed to be reliable but no responsibility is assumed for accuracy of statements. the government has, as yet, never surveyed it. Until die Supreme Court comes out and defines the law to Reproduction of any material from this must bare written permission vada-Calpublication sile ornia on N border, on seven the. Options uranium, from the publisher. protect the individual who erected his property posts, it is going ver and gold claims located in a which is attractive because of to be dificult to get ownership of such areas as the Sinbad spot and district east Congos Future Includes Canadian Land, Shipping if cleared. Oil Progress Week Just as individual U. S. oil companies present an annual re port to their stockholders, the industry as a whole dedicates one week each year to a comprehensive report to the American people. From October 9 through 15, a period designated as Oil Progress Week, it invites the general public to inspect its stewardship of a vital natural resource. From its beginnings in 1859, when the first successful U.S oil drilling rig went into operation at Titusville, Pennsylvania, the oil industry has grown to a point where 42,000 separate busi nesses serve the American petroleum consumer. When that first Titusville well was brought in successfully, another well was being brought in similarly in New Brunswick. The Canadian driller, hearing of the Pennsylvania find, shu down his operation. North America, he said, could support only one well. The extent to which he was wrong is staggering. Today, we produce almost two and a half billion barrels of oil a year, over six million a day. From 1900 to 1954, crude oil production increased by 264 per cent. Exploration proceeds at such a rapid rate that, despite our high oil consumption, we find one and a quarter barrels of oil for every barrel produced, Geologists believe that over three million square miles of our land 49.6 per cent of total U. S. land area are favorable for Big Canadian mining of Vancouver, B. C., have been obtained by Congo Uranium Corp. Jay W. Jacobson, president, made the announcement today. He said tonnage will be in substantial volume and ore of high grade. Completion of new highways in remote Canadian areas adds to the potentialities of the optioned claims, Jacobson said. He disclosed Standard Ores & Alloys present high copper prices the fact there is a highly silicious large face of ore 10 feet to 15 feet thick which assays approximately 4 per cent copper, six ounces of silver and .30 per cent gold and is amenable for the Garfield smelter.. As soon as the governments proposed new AEC buying station is erected in White Canyon and functioning, Jacobson said, Congo expects to start shipping will play an important part in ore from its Dream and Old Burr Trail claims, located in the the future of Congo Uranium. Congo is also negotiating to Circle Cliffs area. He said haulage costs will be acquire a large copper property substantially reduced by the short-hacompared with the present necessity of shipping ore to Marysvale, a distance of 180 Timco Staffers To Escrow Stock The entire staff of officers and board of directors of Timco Uranium Corp. have volunteered to escrow their personal stock in the custody of a third person as trustee, as a. gesture of good faith to Timco stockholders. It is reported this is the first time that the officers and directors of any uranium company has oil deposits. The vitality and vision of Americas oil men contributed volunteered toof take such action. the stock means to our victory in World Wars I and II. Today, that vitality theEscrowing floating supply of Timco contributes to Americas defensive the stock will be reduced to 2,500,-00- 0 again force, stronges to deterrent a new war that the world has ever seen. . shares. Oil Progress Week was appropriately named. Americas free Officers of Timco said the stock will remain in escrow until the oil businesses are symbols of the industrial progress made by stockholders either approve the our country through our system of free, unshackled enterprise or it. contemplated merger reject . ul miles. Jacobson said the amount of ore now exposed on the Circle Cliffs claims, indicates a substantial tonnage of marginal ores which sooner or later will be in demand. Adequate capital to continue a special development program will be made available by increasing Congos capitalization from 5,000,000 to 10,000,000 shares. It is planned to reimburse Standard Ores & Alloys Corp., with 1,250,000 shares of the new stock issue, for money spent in partial development of Congos 15 claims in the Circle Cliffs area of Garfield county, Jacobson said. "WENDOVER WILL" State Line Hotel Inc. WENDOVER, NEVADA CAFE - BAR - CASINO - MOTEL -- - Open 24 Hours Daily First and Last Stop In EASTERN NEVADA W. F. Smith G. L. Jones President Manager Worlds Largest Mechanical Cowboy Sign DEAS0N AND NICHOLS Assay and Chemist 160 South West Temple Phone EL 62 RARE METALS CORPORATION of AMERICA FIRST SECURITY BLDG. SALT LAKE CITY, UTAH |