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Show 81S8EKT TO SALLiOfl, iUAHi! 9 J-- K Oor ttetoi of HtcJt Significance in Vie! OiLandining World" 26; No. 41 VoL Sal Lake City. Utah, Noven&lJS.yl T One ftJnV ' . ,j J - ' ' - . $80,000 Claims Include Ore Assaying 6 Per Cent ; V, ' H t James Canoso, Moab, an executive of the Exploration Company, announced today that he has sold 17 uranium ore claims in the hess Ridge section of the La Sal Mountains to the Richfield Uranium Corp., Seattle, Wash, for a purported price of $80,000. Officers of Richfield are Walter G. Peterson, of Seattle, and Albert president, Charles F. Skripsy, Seattle, F. Johnson, of Salt Lake City, staff field supervisor. The properties included in the deal are presently producing tively small drilling expense inuranium properties proved and volved. The new discovery is but 21 certified by the Atomic Energy miles from the ore buying staCommission. Chemical assay of ore sam- tion at Moab which may be ples taken on the fact of the reached over good paved highore body Indicates 6.43 per ways. American LeDuc owns claims directly opposite. cent, Peterson said. In a recent geological report Also, it is close to the spot on the property J. W. Deans, where Madame Curie began her experiments and in Moab, uranium consultant for Richfield Uranium Corp., said proximity to claims of Vanathe ore is in the breast of the dium Corp. of America. drift and measured three feet in thickness at the time of his exMoab-Monticel- . ' i A ' f 1 fi : 'tK Ttv ''? -- fB,. ; :V-- ; - - V 'Ci'i?', f Vf. x f V r . -'. C'St ',' i?i I, , ' . f $ v r j. vice-preside- WALTER G. PETERSON President and organizer. CHARLES F. SKRIPSY Vice President lo nt, pitch-blend- e BRANT WALL ALBERT M. JOHNSON Attorney handling legal aspects Field supervisor and director. 4 Million Shares Out Elk Mountain Makes amination of it $1 Deans report stated samples from the Chess Ridge ore body assayed from JO per cent to 10 said .the ore is per ent New Mexico Dcreau of the roescolite type The Manganese Corp. of Ariprimarily with a small showing of carno-tit- zona has announced a $1,500,000 Million Revamp Due N. M. Plant e, torbernite and lignite. President Peterson said that in addition to stock piling ore, the new owners intend to begin an intensive program of drilling and stripping. UraElk Peterson said the new propMountain first to In its stockholders, public report nium Corp., announced the public stock offering sold 4,441,000 erty adjoins the Shumway claims shares of stock with the company obtaining a net of $62,791.25. on awhich was recently opened ore body. President J. G. Powell, of Salt Lake City, a retired Comman- upne large said continuous operations der of the Construction Corp., U. S. Navy, and experienced will be conducted through the Winter months, with compara in mining, reported $23,272.14 on hand as of Oct. 28. He said equip- mander F. L. White, Washington, ment valued at $29,262.70 con- D. C., with the Naval Construcsists of two drilling rigs and ve- tion Corp., Washington, D. C., hicles used for drilling purposes and Mrs. Maudelle Hinton, Atjo1 and thirty Six mining claims. lanta, Geo., secretary and treasPresident Powell announced urer, an executive in an adver the company has decided not to tising firm. Fred Evans, of 379J exercise Its option upon the M. Street, Salt- - Lake City, is Officials of MOAB, Utah claims of Elk Mountain Inasmuch accountant and transfer agent Utaco Uranium, Inc., today esas extensive drilling last summer for the firm. timated value of the ore body failed to show ore of sufficient on that companys Allen No. 2 quantity or quality to be comclaim in Red Canyon, San Juan mercial. U. County, at not lee: than $8J0,-00The report said the company has interests- in the following The estimate. wars based on an mining claims: Twenty claims, engineers report on the propHigh Boy Group 1 to 20; eight Mine of recoverable erty prepared by Wilford E. claims, Green and Green No. 1 lead in production the United States in Sep. Janakka of Grand Junction, Colo. to 7; 72 claims of the Hunt Group, While Janakka did not give a tember was 26,700 tons, virtually 1 to 16 Big Floyd 1 to 16, A-valuation in dollars, his report the same as in August, according and Big Four numbers 1 to 40 and to blocked-ou- t estimated the the Bureau of Mines. tonnage 52 claims, the Galbraith Group, at tons 15,000 of .47 per cent 18 percent decrease was An Low Road, 1 to 52. ore, plus another inferred 8,000 noted in Officers - of the company re- continuance Idaho, resulting from tons in an extension of the ore of through September ported they believe with the the strike that shut down 16 channel that has not been capital and equipment on hand, mines in the Coeur dAlene re- drilled. they will be able to operate some gion on August 24, and a The engineers report pointed of the promising claims described overall decline in the out that Ula and Plateau Uraherein. nium have blocked out large deoutput. A financial statement accomThe decline was offset by sub- posits on adjacent property, asd panying the report indicates stantial increases in Utah, Colo- that the Spook mine, with ore was collected from sale rado, and Montana, and moderate estimated at $2,000,000, and the of 4,441,100 shares of stock at or small gains in the other Wes- Copperhead mine also adjoin the 2c. Disbursements are listed at tern and Eastern States. 13 Utaco claims. $65,549.86 leaving a bank balBill Hines, Utaco secretary-treasureOutput during the first nine ance as of October 28 of months of 1955 totaled 250,400 emphasized that only tons compared with 238,100 tons part of the Allen No. 2 has been Other officers in addition to during the like period of 1954, drilled, and that none of the President Powell are Howard The price of lead rose to 15.50 other 12 claims has been explored Breeding, of San Francisco, vice cents per pound on September 23 systematically, president; a member of the San after having remained at 15 cents Utaco has moved equipment Francisco Stock Exchange; Com since October 5, 1954. to Red Canyon, Hines said, and First Public Report Teat 63.00 10c Pei Copy City :Ji ffloab La nd ' r expansion program to put its mill at Socorro, NM., into large-scal- e commercial production. The company said it has cancelled its contract with the government to stockpile manganese at Deming, NM., and will ship higher grade ore to outlets in Philipsburg, Mont., and Pueblo, Prospectors Face Cold To Stake PUMPKIN BUTTES, WYO. The opening Thursday morning of 46,400 acres of public land in Wyoming, brought hundreds of prospectors in d uranium, to this village of northwestern Wyoming, most of them bent on realizing an easy fortune in vital uranium. Outlying areas were literally crowded with a heterogeneous assortment of vehicles including trailers and pleasure cars, in which prospective uranium seekers had spent the previous night, freezing temperatures to the contrary notwithstanding. Disregarding claims of members of a mining district created Nov. 7, the county clerk, continued claim accepting in manner. usual the filings A group of four men, who claim they represent established mining interests, has described the mining district as unconstitutional. A court order is sought to compel filing of claims with officials of the recently organized mining district, rather than the county clerk. snow-boun- Consolidated U. ' Stockpiles Nevada Tungsten Consolidated Uranium Corp., has stock-pile- d 5000 tons of shee. lite tungsten ore at the companys Gun Metal mine near Mina, Nev. This report to the Salt Lake office was made by Gus Hokan-son- , mine manager and superintendent of operations. Colo. Consolidated recently took over The company has purchased a fleet of trucks to start hauling the Gun Metal mine and mill, the ore to Montana immediately. including assets and liabilities, from the Lindsay Mining Co., which has been a producer of tungsten for the last five years. Sheelite ore heretofore has been milled at the property and concentrates shipped to Bishop, Engineer Reports $900,000 Gre Value On Utaco Claims -- . S. Mines Bureau Tells Lead Stats - 0. Z Kansas-Missouri-Oklaho- $88,-822,0- 00 r, $23,-272.1- 4. Calif. Consolidated enlarged has started work preparatory to the Gun Metal recently mine in order 290-foincline shaft to take sinking a to the Linca to reach the Allen No. 2 ore mil near production Austin, Nev., for further body. processing. Two Diesel trucks, of n capacity each, are used for hauling ore from the Gun Metal ot 25-to- Frontier Reports Ore At Big Bend A large amount of ore, some in excess of one per cent has been drilled out by Frontier Drilling Co. for Big Bend Uranium Co., on the latters claims near Green property. The new owners plan to conduct a diamond drilling program at both the Gun Metal. mine and on the Garnet tungsten claims in the same locality. Consolidated has 15 men at the camp making improvements on buildings and equipment to permit expanded River. Geologist Leon Davis said over operations. one-haof the holes have shown lf mineralization with at least one-thir- d commercial ore. Big Bend shipped a carload of ore to Vitro in Salt Lake City this week, valued at $60 a ton. Davis said there is 4000 more feet of drilling to be achieved, after which, he said, it is planned to move the drills to the Indian Reservation in Arizona. Drilling on Arizona properties wil be resumed on Diamond Uranium Co. claims, which are owned by Zodiac. The start of the Arizona operation awaits opening of the Zodlae Readies Ore Zodiac Uranium Corp., has one carload of copper, gold and silver orei ready for shipment from its mine near Dillon, Montana which runs $50 a ton and 30 tons to a carload. The heavy snow of the past few days delayed shipment of the ore. The ore probably will not be shipped until spring. The mine is closing for the winter. A checkup indicates there are two veins from which shipments new receiving station at Tuba will be made when operations are City Ariz. resumed. . |