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Show November 4, 193S New Paradox Valley Mill Sought - will be designed to take care of the processing requirements of a large number of small uranium companies. He intimated that many of these companies eventually will be merged with the mill organisation as a means of providing resources to main- tain the mill operation. Associated with Turner In mill venture Is John Black, of Pocatello and other mining interests of the Rocky Mono tain area. and Co., Inc., of New Mexico U. S. District has filed suit in Court in Albuquerque against Ethel M. Bohmstedt of Pasadena, Calif., to recover stock 1500 shares of it charges were illegally issued. The suit says that 1500 shares of $10 par value common stock were issued to her on Oct. 8, The company says that Mrs. Bohrstedt at that time was a member of the board of direc- 1954. tors which was allegedly "illegally constituted arid without authority to issue stock." DEASON 1ND the properties averages from .20 to .30 per cent with some samples running as high as 1.1 to 2.25 per cent uranium The company owns eight claims in the Hot Rod group and five in the Spud group and a ten per cent interest in the White Cloud and Yellow Bird claims. The company also has acquired the Jumbo claims and other claims in the Honey Comb Mountain district, near the Callao District, south of Wendover. Brady said he expects to file an application at Denver In a week for registration with the SEC for sale of stock in other states. He said the company has assay reports from the Bureau of Mines definitely confirming the company has hit ore. Brady said three separate engineering firms have confirmed this. "The next step is to definitely ascertain how "much ore we have," he said. Pacific Northwest Pipeline Corporations gas development program is uncovering reserves in excess of original estimates to supply the Rocky Mountain area and other customers along its 1,466 mile route. Headquarters of the development program is located in Albuquerque, New Mexico. Actual operations are far flung, extending into the heart of the rich San Juan Basin, with field headquarters in Farmington, New Mexico. On the more than 480,000 acres which the company now has under lease, gas wells are regularly being brought in that show a potential from three to five times greater than first estimates, James M. Clark, vice president in charge of production operations, reported. "We now have 116 commercially productive gas wells on land leased by Pacific, Clark said. "We have completed 27 new wells and have in the process of completion of drilling, 19 more wells. There are 16 drilling rigs now in operation, completing wells at the rate of approximately 16 per month." Thus the Pacific Northwest is reassured of ample natural for future use. The fuel to he delivered through reserves gas die line next summer will be the first delivered by Pacific from what is probably the richest, and potentially greatest natural gas field in the western United States. Helen May Shipments Average $35 Per Ton In WyomingShipments from the Helen May mine, owned by Wyoming Uranium Corp., now averages 30 tons of 23 per cent ore per day which nets $35 per ton Including bonus. The Wyoming firm has $151,-50- 0 in reserve which includes receipts from the ore. This Information was contained in a special report to stockholders of Wyoming Uranium Issued by President Hepburn T. Armstrong. Clay Now Used as Cheap Catalyst for centuries e, m st ui Assay ICO Sovtk Pkou Cksmlst Weit Tmplt EL 9-9- 9(2 Healthy Says Blankenship Producers Uranium Corp. in its irst report to stockholders discloses a healthy financial condition with cash in the bank of 11231,287.49. The stock is listed over the counter at .01 34 cents a share to .02 14 a share. Jack E. Blankenship, vice pres-deand general manager, announced in the report that a drilling agreement has been negotiated with Diamond Triple 2 Mining Co., whereby Producers has agreed to assign to Diaundivided inmond, a terest in the Gamma group of claims, located on Elk Ridge, in San Juan county, Utah. Diamond has agreed to conduct an adequate drilling program to determine whether commercial ore bodies exist. nt one-hal- f, The report also announced a Mineral Exploration Agreement with the U.S.G.S., on the May-woo- d and part of the Atlas group of claims, in San Miguel county, Colo. The A.E.C. has with- drawn an area directly adjoining these claims on the north and have built roads over some of n the exploration and develop- the Producer claims, preparatory ment of the area, according to to commencing drilling operaArmstrong, who said, each pro- tions. posal is receiving careful considBlankenship . also announced eration, and if satisfactory terms to the best interests of the Wy- negotiations for a drilling comoming Uranium Corp., can be mitment on an additional group obtained, they will be accepted. of claims on Elk Ridge. President Hepburn reported over 60 anomalies have been located by intensive radiometric Be Well Informed surveys on Wyomings 70 claims, GET THE FACTS! ocated one to two miles south JUST CUP OUT AND MAIL of Section 16. Scintillation detectThe Coupon Below for Our ion equipment carried by FREE MONTHLY BULLETIN on THE LATEST DEVELOPMENT IN lelicopter was used In making THE MINING or OIL INDUSTRY the anomalies, the report stated. or Visit Our New Office at The stockholders are advised VALLEY STATE BROKERAGE hat aerial moving pictures have Incorporated teen taken of the companys 2530 Sooth State Suite 0 - Salt Lake City Ill one IIU several properties in the Crooks 900 South 5th St. Bldg. Gap area, showing surface strip Las Vegas, Nevada TWX mining and underground mining and drilling. The pictures are to Please Send Monthly Bulletin to: e available in November and December. Thorium deposits In Name daho are also the object of preAddress liminary investigations, the reCity port stated. - He said profits from the Helen May financed preliminary drilling and exploratory work on China clay, used Section in the manufacture of fine china-war- east from16, which is 800 yards the Helen May mine is now being put to work 1000 and south from the yards as a low-cocatalyst in perto-leu- Beatrice mine. May refineries. The new mineral catalyst, Hepburn g a 1 d exploratory kaolin, will help supply the in- work on Section 16 is developcreasing demand for agents ing what appears to be uranium needed to speed up chemical re- deposits of "considerable magniactions. tude", with pitchblende of varThe demand for china clay is ious values and widths discovexpected to double in the next ered In nine locations with a five yean. number of deposits of urano-phan- e NICHOLS First Report Pacific Northwest Uncovers Excess Gas Reserves . Company Sues To Regain Issues Illegal The Columbium Milling Mining m Pleasant Valley Uranium Corp., las been registered with the Utah Securities Commission. The company is Incorporated or 10,000,000 shares of stock of which is to be offered at one cent a share. The company plans to explore in a virgin uranium territory, 110 miles south and east of Wendover, Utah. . Raymond R. Brady, of 1650 Laird Avenue, Salt Lake City, a practicing attorney with offices at 616 Judge Building, is president and William J. Deason, of he metals assay firm of Deason & Nichols, is vice president. Brady said Pleasant Valley has acquired a total of IS claims. lie said samples of ore taken from . said, the mill U-Fir- Registers; Claims Ore Atomie Energy Commission approval of an application for construction of a $6,500,-00- 0 ore processing mill at Bed Rock in Paradox Valley, Colo. Is expected in the near future. Jack Turner, Moab operator, made the announcement today. Turner and- a group of associates are backed In the project by substantial eastern capital. Turner Page Three The Western Mineral Survey, Salt Lake City. Utah 109-1- 8U-7- S and autunite. The report said 100 tons of test ore has been shipped from the Ravine Mine, an exploratory drift on Section 18, consisting of 320 acres, which the report declared, gives promise of great potential. Further drill, ling will be required to establish the area's potentials, the report REPORT TO SHELL URANIUM INC. STOCK HOLDERS: I UTAH UNLISTED I MARKETS A. P. KIBBE & CO 42 WEST Industrials Municipals 11 Several large mining companies have submitted proposals to join Wyoming Uranium Corp BROADWAY SALT LAKE CITY Pkone said. 1 TWX SU560 Ashworth Transfer Company HEAVY Correspondeut Oils JOSEPH McMANUS & CO. Uraniums Private Wire System to Leading Citiei HAULING Serving Nevada - Arizona - Idaho - Utah Colorado - Wyoming Now Mexico Through Connections to Other Points Through Trailer Interchange Machinery Movers - Rigging Winch Steel Erecting Member Explosives Phono HUnter Salt Lake 31 Slock Exckaage DAvis 1526 SOUTH or 50 6th WEST Salt Lake City, Utah I Special Stockholders meeting of SHELL URANIUM, Inc. was held at the Newhouse Hotel in Salt Lake City, September A 26, 1955. An agreement between the Corporation and counsel for to change the name oi the Uranium firm at the expense of and for consideration by te Oil Company, was proSHELL OIL CO. in all. The Board of Directors was authorized and directed to select new a name, and take the required legal steps for a complete This has now been accomplished, and the new change-ove- r. The corporation's new name is CANADA-UT- E URANIUM, Inc. interest in the new Blind River field in Ontario, Canada, where promising new and tremendously rich Uranium ore deposits are being discoveed is the key to the new name selected. The new CANADA-UT- E URANIUM, Inc. also have valuable holdings in key areas in Utah and Arizona. It was also voted at this meeting to change the par value to $1.00 per share in lieu of 1 cent which was par for SHELL URANIUM, thereby reducing stockholders' and incorporators' stock outstanding from approximately 14,000,000 to 140,000 shares. Shell Uranium stockholders will receive 1 share of CANADA-UT- E for each 100 shares of Shell. Stockholders are urgently requested to rush the transfer of stock to their name in CANADA-UT- E in order to receive forthcoming important progress letters. No transfer iees to stockholders. Transfer agent is JUDGE MARCELLUS New First Security Bank Bldg. CANADA-UT- E K. SNOW Salt Lake City, Utah UBANIUM, Inc. By Board of Directors. |