OCR Text |
Show October 14. 1955 The Western Mineral Surer. Salt Page Fire Lake City. Utak Anaconda Drops AEC Contract At iluewa ter Station; Small Companies Face Temporary Shutdown New Mexico Bureau erators have been notified that The Anaconda Co. hag reported buying will stop Oct. 20. that it will not renew a contract Cook said that Anaconda will with the Atomic Energy Com- buy a limited supply of ore from mission to operate buying station other producers in the Grants at Bluewater, N. M. area, but as an outright purchase The action may force several and not as an agent for the AEC. uranium operations in the state However, production from the to shut down, at least temoprar-ily-, companys own mines, chiefly the AEC and mining company enormous Jackpile, will take up officials said. most of the mills capacity. Anaconda has as acted a When Anaconda ceases to act buyPILING UP Outside tbe Mona Bee the for AEC, purchas- as a buying agent for the AEC, Mine. Driit No. 2. the ore piles ing agent" ores from other operators for the nearest AEC buying station ing mount. Big Bend Uranium Corp. processing at the Anaconda mill will be the one at Globe, Ariz. at Bluewater. operates the mine. mill at shiprock, The Kerr-McGe- e Assistant manager Steams which can handle only sandstone Cook confirmed reports that the ores, is a private operation and company will not renew its con- not an AEC station. tract, which expires Nov. 1. Op AEC officials at Grand June- - Stocks To Watch ion, Colo., said the commission is investigating the possibility of n setting up a new in the area. W. S. Hutchinson, assistant manager of the Grand Junction AEC office, said two New Mexico ore producers have written to complain that the absence of an g station in the state will mean hardships. Hutchinson said it would take a while" before a decision is made. An AEC official at Grants, . M., said earlier that another ore-buyin- sta-;io- g ore-buyin- station probably will be contracted for but that there might be a delay of several months before it s put into operation. State Mine Inspector John Gar-- a said that he first learned of ie situation in a letter from anosh Mines, Inc. According to state law require- - By O. D. Quinlan ments, Hanash notified Mr. Garcia that it was closing its mine in the Grants area, giving as the reason the fact that it had been notified that Anaconda was terminating its AEC contract. Uranus Court Continues Tangle Uranus officials are presently attempting to clear up litigation as to title on their claims which have been closed since the middle of July insofar as active mining operations are concerned. The company originally started operations with nine claims and a $24,000 reserve. They now have 62 claims in withdrawn territory, close to $60,000 worth of equipment, plus the value of the claims. Announcement We are pleased to announce that effective immediately we will resume trading in uraniums and local mining stocks under the firm name of MELVIN G. FLEGAL & CO. URANIUM SPECIALISTS This firm will be under the active management of the three owners and will continue doing business at its current location, 26 West Broadway, Salt Lake City, Utah. We invite our many friends and business associates to phone, visit or write us at their earliest convenience. additional money. o o In purchasing stock, of reserves at a discount Manaj ment is said to claim they ha .11c a share cash. Ore resen are estimated (around $1.30 share after mining costs a taxes. Stale Exchange Building Salt Lake City, Utah 343 South State, Suite 205 EMpiie 41 Specializing in Quality Custom Maps lor the Petroleum and Mining Industries. Custom Drafting by Experienced Geological Draftsmen. Distributor of the Famous Babbel Counter and Badiation Equip- ment OUR NEW CATALOG OF MAPS Spectograph X-R- ay ANALYSIS ONE 3,000,000 SHARES DAT SERVICE N0N-ASSESS1- Uranium PRICE SHARE of uranium AN OFFERING CIRCULAR MAT BE OBTAINED FROM $3.00 UNDERWRITER ior one Element 0B TOUR OWN BROKER Corporation $10.00 PIONEER INVESTMENTS for Complete Analysis ISSUE SOLD 230 FBEM0NT ST. SUITE 1 - SIMON BLDG. LAS VEGAS, NEVADA PHONE DU This method established in our & Uranium Security in behalf of Empress Oil all of you who helped bring our offering of wishes to conclusion. Empress Oil & Uranium stock to a successful The public offering has now been completed and the stock will begin trading Monday, October 17, 955. Stockholder's letter on the program to date is now being price to stockholders. For for ca call or write our office. Labortory Since 1952 33 Complete Ore Testing Services We Solicit Tour Inquires Minerals Refining Co. PIONEER INVESTMENTS 230 Fremont St., Suite 1, Simon Bldg. Las Vegas, Nevada. GENTLEMEN: Please send me a copy of the GENERAL MINING AND circular. .DEVELOPMENT CORP. offering I Mid America Securities, Inc. of Utah 26 W. Broadway. Salt Lake City PER The General Mining and Development Corp. holds claims in Garfield and Uintah Counties, Utah, and Fremont County, Wyoming, The Corporation is now exploring its properties for the presence Tantalum CwpreM Oils? Uranium mUing prepared on Empress or other uranium issues quotations OFFERING Tungsten Antimony Columbium Thorium Thanks, Friends! Mid-Ameri- - General mining and Development Corp. Rare Earths FOR r THIS IS NOT AN OFFERING .WITHIN THE STATE OF UTAH WESTERN STATES MAP COMPANY WRITE " EMPIRE s Melvin G. Flegal Sidney E. Tanner Max T. Cornwell DA 5221 South Major Street P. 0. Box 367, Murray, AMherst 01 31 Utah NAME ADDRESS i5Lr: STATE ... |