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Show Lucky Me Denies Sale To Denver Oil Outfit Editroial Land lMad House An indication of the intensity with which big money is watchfrom the fact that ing the uranium land business here is gleaned two large land brokers one in Utah and one in Denver, now have full time employes constantly observing the records of the Federal Land Office in the Salt Lake Post Office building. One of the biggest land operators in die Rocky Mountain area (headquarters outside of Utah) with offices in Cheyenne and Casper and another land operator from Denver, are both reported to have representatives watching everything that comes due or that is scheduled" to come due, observing with die idea that if payments have been deferred or defaulted, there may be an opportunity to buy the land cheap. The Land Office is now described by observers as a mad house." A year ago an uninitiated private citizen had a fair chance of picking up a bargain but that situation has entirely changed at die Bureau of Land Management office. Even a Texas company has its observers right on die job in Salt Lake, hovering around the Land Office, like bees around a honey pot. Many leases are recorded each week by money interests of Texas and California, whose speculative apetite has led them to concentrate on Utah land sales in the hope of uncovering some spectacular bargains in otherwise undisclosed areas of potential mineralization. It all augurs well for the future of Utah that big money octopus' have concentrated their greedy optics on the land opportunities of the Beehive State. UTEC Holds UCOA 250 Claims Manganese Ore A new uranium company Uranium Technicians Corpora- tion has officially opened operations in Utah. Underwritten Investment by Ackerson-HackCo., the compan has made an offering of 30,000,000 shares at one cent each. The company holds a total of 250 claims which, according to UTEC president Gf. G Gress man, Idaho, are proved and all assessment work is completed et for the period ending July 1, 1955. The company has 83 claims in Garfield county, 45 miles south of Notom, Utah; 49 claims near Verdure Creek, 12 miles south of Monticello; 60 claims 10 miles south of Escalante and 58 claims in the Recapture Creek area in San Juan county. Don't "Dig" At An Intersection LithiumCorp. that be Halts S. D. worth hundred million Cranmer Cranmers Mining Work On the inbasis the future Lucky of Utah Copcomparable to is recognized to ier, which several said. dollars, of of confidence , Me, that company, in years to Inc. plans to place its South come, should have an enhanced Dakota mining operations on value, perhaps, of several hunstandby basis early next year dred million dollars. owing to surplus inventories of Lucky Me has two 'formations raw materials, it was announced of today by H. W. Rogers, president. we have never touched. One on The company stated that the hese is below the formation which we are now working, earlier short supply of the lithium mineral, had with about 100 feet thickness of been overcome by development ore, better than anything we have ever experienced. of new sources. LCA added that adequate inBelow that we have the Morventories of this raw material is had built up to a level adequate rison, which an impregnated with uranium, open pit, with to not able Lithium of predict the vast exCorporation ore. of tent the America, Inc to expand its Of course, it is a speculation, electrolytic plant at St. Louis Park, Minneapolis, Minnesota. but I say, in my opinion, it is II. W. Rogers, President of the worth a great deal more than Corporation, announces the $25,000,000.00 because it ultimatecompanys present contractual ly will make more than that requirements for the supply of amount, Cranmer declared. Lithium Corporation of Amer-ca- spod-umen- e, In a letter to stockholders, Preslithium metal and llthum hyd- ident J. H. White, Jr., announced ride in 1956 has made neces-sa-that Uranium Corporation of the immediate expansion America "has tied lip very of the Metal Division to meet promising manganese property, the demand. with 100,000 tons of ore in sight, averaging 21 per cent mangan- for many months. Further proese. duction from its mines, thereWhite said this ore is an oxide fore, is to be curtailed. of manganese and is free of conFormerly the main source of tamination such as phosphorus lithium minerals, the Black mils area is now effected by competiand sulphur. The letter also stated the com- tive sources of supply which y lower transport costs and aspany has an option on a titanium-zirconiuproperty containing sured facilities for consistent f million tons of ore in and predictable production. e Water supply has been a parsight, that runs 15 percent and 15 per cent zircon. ticular problem in the Black The letter said UCOA is not yet Hills the past two years. in production and has experiencThe corporation extracts lithed a severe decline in the. price of ium from its ores and produces its shares, along with the rest of 25 chemical compounds which the market. have found wide spread use in industry. Production of these chemical compounds is to be farther InLet Us Do The Job For You SURVEY - NEWS CIRCULATION Phone XII Church Street 431 Bos .advertising Phone HU Salt Lake City, Utah 3X31 Entered aa aecond data matter at Balt City, Utah, under Act of March 3, 1879 Subscription rates: $5:00 for two yean; $3.00 for one year. Pleaae mention Nee tern Mineral Survey when writinr to advertiser. Advertising rates on application. Publisher HARRT B. MILLER Editor GAIL FELTCH Feature Editor O. D. QUINLAN Business Mgr. FRANCES JENKINS Lu M. wttj. Contributing Editor BUREAU - Circulation Denver, Colo. 733 Kltteredre Bldg. Tot the news of moat significance in the mining and oil world. All newa appearing in the Western Mineral Survey is obtained from sources believed to be reliable but no responsibilfor accuracy of statements. ity ! a Reproduction of any material from thig publication mnat have written permiaaion from the pabllaher. DENVER News - Advertising1 "nd Spokane Exchange Elects Directors Officers and Directors for the Spokane Stock Exchange for the ensuing year elected this week are: Ben Harrison of Pennaluna & Company, president; L. E. L. H. Nicholls, Hachez of J. A. Hogle & Co., secretary, Ben Redfield, treasurer; Paul L. Sandberg of Standard Securities Corp., director. Elva Hallstein was reappointed vice-presiden- t; assistant-secretar- y. v en-o- m one-hal- ana-tas- Chytraus Bros. Construction Hauling en-husia- sm 'lies Up' "WE'RE EXPERTS" Excavating Me Uranium Emphatic denial of a reported sale of Lucky made by W. Corp., for $25,000,000 to a Denver Oil outfit, was H. H. Cranmer, president of Lucky Me, who glowed with as to the future potentialities of his company, which ie says is worth much more than $25,000,000. Assuming the price of uranium remains in the same price range it now enjoys, in my opinion, Lncky Mac's worth is WESTERN MINERAL - Grading - Concrete Crane Work Breaking Salt Lake City 2040 Redondo Ave. PHONE HU 4-61- 29 Thanksgiving Wishes to all Readers of Western Mineral Survey Blue Skies Sells To National Corp. Practice Safety in the Home On the Highway On the Job RUMEL PATTERN SHOP Stockholders of the Blue Skies Uranium Corp. today approved the sale of the companys assets and properties to the National Uranium Corporation of Utah. The sale includes all of the companys 67 claims, comprising 1340 acres of uranium property In Mesa County, Colo, and San Joan County, Utah. In addition, cash, machinery and other equipment are Included, bringing an estimated total value of the transfer to over Be Well Informed GET THE FACTSI JUST CUP OUT AND MAIL The Coupon Below for Our FREE MONTHLY BULLETIN on THE LATEST DEVELOPMENT IN TnE MINING or OIL INDUSTRY nr Vieit Our New Office at VALLEY STATE BROKERAGE Incorporated Suite 109-1- 0 South State - Salt Lake City Phone HU 900 South 5th St. Bldg. Lee Vegae, Nevada 2520 $300,000. Payment will be made In National Uranium's common stock by Issuance of 97,058 shares of Nationals treasury stock.. This acquisition increases Nationals creased. The corporation operates holding to over 400 company-owne- d claims in these rich ore chemical manufacturing plants in regions. producing St. Louis Park, Minnesota am 455 West 7th South . TWK 8U-7- S Pleune Send Monthly Bulletin tot Name Addreaa City Bessemer City, N. C. Ore Shipments Make Producer Of Five States MOAB, UTAH Five States Uranium Corp. anounced today it has joined the list of producing uranium companies. Custer E. Russell of Odessa, Texas, president of Five States, said three loads of ore have been shipped from the company's Dirty Devil No. 3 claim on the San Rafael Swell, Emery County, Utah. Two more loads will be shipped by the end of this week,' .ut)Acribe Interested In Uranium Activities ? Who said. t? . . . Right now the circulation of the WESTERN MINERAL SURVEY is keeping pace with the uranium industry in general booming! Keep posted on latest news and quotations by reading the WESTERN MINERAL SURVEY regularly . . . every week. Russell said. Ore is coming to the AEC buying station In Moab. The Five States shipments are from a drift being driven towarc an ore body between six anc eight feet thick and at least 2' feet wide,, partially defined in earlier drilling. Length of the channel has not been determined, but Russell said the drift now is back 95 feet and has been in ore all the way. .. Samples from one three-- f oo ore face encountered In drifting showed 28 per cent uranium oxide In chemical assays, Russel IJm! SUBSCRIBE NOW! I 2 years $5.00 Circulation Departments year $3.00 722 Kittredge Building Denver, Colorado 421 Church 0. 2131 Salt Lahe City, Utah SC-- P. Box NAME ADDRESS CITY Remittance STATE Bill me later |