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Show October 14. 1953 The Western Mineral Surrey. Salt Lake City. Utah Page Three Las Vegas Highlights New Brunswick Ore Described Crest of Uranium Production Seen in An estimation of the future and upon printed information production and consumption of available elsewhere on nuclear uranium was presented to those physics, economics, and geology. It is evident that the Western attending the 1955 Convention of the American Mining Cop! United States production curve is gress by A. J. Eardley, Dean, rising into the year immediately College of Mines and Mineral ahead . . . The maximum number Industries, University of Utah, of discoveries will occur in 1954 Salt Lake City, Utah. and 1955, and in our opinion most The basis of such an appraisal, of the discoveries will be small to Eardley, said, rests upon obser- medium-siz- e deposits . . . The crest vations and studies of uranium of production will be reached in properties in Western North 1957 and 1958 It seems America, upon the study of relat- evident, therefore, that the large ed geological literature published ore bodies will carry the load of by the U. S. Geological Survey, production after 1959 and 1960, the Atomic Energy Commission, and that it will be half or less han half of the peak, Eardley forecast. It is believed there is a good promise that production outside he Colorado Plateau will increase significantly, he continued, and t seems probable that it will be delayed so as to moderate the Sec. of State Toronto Tells posits prove as good as some be lieve, he said, then Canadas production position will be particularly strong for the future. I J predicted decline in the Plateau in the years of 1960 and 1961. In discussing Canadian production of uranium, Eardley stated that reserves seem to be great in ;he Canadian uranium districts which have reserved tonnages indicated greater than those of the Colorado Plateau. If the undeveloped Blind River District de- .... Issues Gift Shares I Its evident that the laymans attempt to appraise Arican production exceeds ours and may Gifts of 100 shares of Tar Baby Mining Co. stock were continue to do so. African producmade to secretaries of state from 40 states of the nation, by tion seems to lead ours by about a two to one margin at present, Toronto, Utah secretary of state, this week. Sec. Toronto presented the shares at the annual convention and seems destined to maintain that ratio for the next two or of the National Association of State Secretaries which concluded three years even though our proa six days session Monday at Miami Beach, Florida. duction climbs markedly.' In presenting the gifts of In summing up free world prostock which he bought at his own duction of uranium and allowing for a reduction ini the percentage expense, Mr. Toronto told a res of was SURVEY the he of foreign production coming to porter the U. S., Eardley estimatimpelled by a desire to promote the uranium industry of Utah in ed that our stockpile of natural the minds! of officials from other uranium metal, minus the amounts used in bombs and exsections of the nation. of Proposed merger Republic urathink the promotion of periments, would be 32,000 tons by I the end of 1955, 87,000 tons by Uranium iwht nium has been sadly neglected in Iris Corp., the end of 1960, and 132,000 tons many areas, so I felt it would be Corp., with Iris Unthe a valuable promotional effort to voted upon at a special end of 1965. meeting by distribute some share certificates of In reviewing the future conRepublic stockholders, Nov. 10 as a reminder of Utahs imp or sumption of uranium, Eardley as tant new and growing enter in the Little Theater Room, Hotel sumed that by the end of 1955 Utah, at 10 ajn. our war needs will be satisfied prise, Mr. Toronto said. The Utah secretary of state Votes also will be recorded and that production of fissiona stressed the importance of influ- oh proposals to increase the materials will thereafter be availencing more capital to invest in authorized capital stock a Re- able for peacetime uses. Utah and in uranium. Because the perfecting of reacpublic spokesman reports, anc . We have got a good thing, if tors for breeding fissionable ma the par value of stock of Repub we will only intelligently present lie and upon a proposed reverse terials from thorium is going to it to the rest of the nation he de- split of Republic stock. take time, he said, attempts to discern the developments in supclared, emphasizing the importance of other states of the naRepublic will remain the sur- ply and consumption of nuclear tion becoming uranium viving company. It is not defi- fuels during the next 10 years nitely decided as to stock ratios! will disregard the potential effi- U-Sto- ry; Recent reLas Vegas, Nev., sults of geophysical prospecting in New Brunswick was described here Monday before delegates attending the 1955 Convention of the American Mining Congress by Harold O. Seigel, Ph. D., consulting geologist, Toronto, Canada. ciency of thorium breeder tors. After estimating the amount of uranium required to stock nuclear power reactors and the amount of uranium consumed to generate an estimated five per cent of the electrical energy of the United States and Canada by 1965, Eard-e- y concluded that it is difficult discovo see how more than a small frac-io- n Four major lead-zin- c of our uranium stockpile can eries, including two exceeding be assigned to reactor stations 25,000,000 tons, have been made which may have been built by since the fall of 1952 in the that time. In conclusion Eardley Bathurst-Newcastl- e area of New evntured the guess that the pe- Brunswick, according to Seigel. riod of 1966 to 1970 will witness Three of the discoveries were an expansion of the reactor in- made by ground electromagnetic h dustry to the extent that e methods and one by of all new generative casaid. he electromagnetic methods, pacity will employ nuclear fuels. fac- - one-fourt- air-born- Vitro Uranium Co. La-mo- nt a division of THE VITRO CORPORATION OF AMERICA Republic-Iri- . . Buyers View Merger Ura-Uraniu- . . . . m of Uranium Ore Independent Sampling . . Raif Shipments Invited From Green River and Marysvale Areas Send correspondence and samples to R. B. Coleman, Ore Buyer 600 West 33id South Salt Lake City 15. Utah Phone IN DIAMOND CORE DRILLING CONTRACTORS DRILLING SERVICE "ONE-STO- P" -I- NCLUDING- Drill Hole Logging Geological Interpretation, apping, 95 TO 97 PERCENT CORE RECOVERY IN THE ORE HORIZON, CONSERVATIVE ORE RESERVE CALCULATION uy Footage. Von Buy Information. CHARLES A, STEEN, President MOAB, UTAH 14 |