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Show December 23, 1955 Stanleigh Claims High Grade Canada Strike (Alaska Plant Tests Uranium Free For Prospectors I (Continued from Page 1) this strike length, projected over only a thousand feet, would represent an ore body close to 10 million tons, and projected over Its known extension, the quantities might conceivably run up to more than 70 million tons. The report says the economics of such an operation are best demonstrated in the fact that Mthe average recoverable grade of ore in th Blind River Basin is .1 per cent U308, or two pounds recoverable in the concentrate. The Canadian government pays between $11 and $12 a in pound concentrate form. Hence,, such ore is worth $22 to $24 per ton of raw material. Strouth in his statement further pointed out that the average production cost for the fin- ished concentrate is approximately $12 per ton plus amortization and repayments figured, particularly for the smaller producer, at $6 per ton, or a total of $18 with a net profit of $4 to $6 during the Page 3 The Western Mineral Survey, Salt Lake City. Utah Installation of equipment by the Bureau of Mines at Janeau, Alaska, to test uranium ore samples in the Territory was announced today by Secretary of the Interior Douglas McKay. Secretary McKay said the decision to provide the free serv- ice to prospectors and others was based on the fact that several uranium finds have been made recently in southeastern Alaska. Addition of the Juneau station Since then, uranium strikes brings to 11 the number of Bu- in southeastern Alaska by two reau laboratories to which the husband-and-wif- e teams who depublic can send samples for radiowhile flying intected activity tests. All such examin- strumentdeposits - equipped planes over ations are conducted under a coof Wales Island Prince and conoperative arrangement with the of the uranium firmed presence Atomic Energy Commission. examination have been The Bureau now tests sdme by ground Terriin the 3,000 samples a month for pros- widely publicized So has detailed exploration pectors in the continental United tory. a large mining company of the States, compared with approxi- by more promising of the finds. mately 1,000 monthly during the discoveries aroused so These first half of 1954, Bureau Direcmuch interest that Alaska prostor J. J. Forbes disclosed. The number of samples sent to the Bureau by prospectors in Alaska was negligible until only a few months ago. As recently as last July only six were received. pectors submitted 42 ore samples to the Bureau for radioactivity tests in August and 56 in Septem her, S. II. Dorain of Juneau, the Bureaus assistant regional director for Alaska, reported. SEASON'S GREETNGS 6-- 10-10- plant. Stripping operations are handled by Caterpillar D9 Tractors owned by raw material produced. Thus, a 10 million ton ore body would yield $120 to $180 million dollars worth of profits, if granted a $320 to $360 million contract similar to those given to Algom, and others, while at the same time repaying a mill and mining installation valued at $60 INTERNATIONAL SMELTING AND REFINING CO. FISHER'S MASTER STATION Quality Mobilgas and Mobiloils ALL MAJOR OIL CREDIT CARS HONORED S. & H. GREEN STAMPS PICK UP AND DELIVERY 501 South West Temple Phone ELgin 818 Kearns Building F. A. WARLAW, JR., Gen. Mgr. SALT LAKE CITY COMPANY 54 West 7th South Complete Gasoline and Diesel Engine Rebuilding Magna Flex Service and Electronic Balancing 32 Pipefitters, Refrigeration and In the meantime, M0T0B MERCANTILE 9-88- For Good Competent Plumbers, . million. Strouth rehas been apported, Stanleigh proached by several large investment houses and prominent Canadian mining firms who would like to participate in the financ-- . ing of this venture, and the company is contemplating accepting several million dollars at this point for shaft sinking and other preliminary work. Co. Morrison-Knudso- n Tires - Batteries - Accessories - Diesel Tires TO ALL OUR FRIENDS IN THE MINING INDUSTRY be roughly $12 to $18 per ton of Co. at the Ore is being mined by the Morrison-Knudso- n In Soda Co. Springs, Ida., Ballard Mine of Monsanto Chemical near the heart of the worlds largest known phosphate deposit feet thick Ore bodies' in the area are on the average of to Ballard 0 and over burden runs from feet, according officials. At present the ore is mined at the plant three miles north of Soda Springs. It is then hauled 15 miles to the Morrison Expert Truck and Car Lubrication period. "Assuming identical cost and amortization factors, the report continued, "th profits would then tax-fre- e CATS WORK LARGEST DEPOSIT Air Conditioning OBJECTIVES OF THE NEW PARK MINING CO. JOURNEYMEN AND APPRENTICES To promote better relations with our associates in the business of mining, with governmental agencies and the public in generaL Call To produce basic raw materials and metals essential to the economic growth of onr country. cam a return on the stockholders' investment which is both fair and equitable. To increase onr productivity and improve the earnings and security of onr employees. U. A. PIPE TRADES LOCAL NO. 57 To In To secure greater efficiency in producing, processing and marketing onr products. Salt Lake City VOS. W. STAM, BUS. MGR. RAY E. KEMP, PRESIDENT the cultural, educational and spiritual advancement of onr employees and the communities in which they live. To promote CANVAS COVER Any desired type of canvas covering for any purpose. TELL US YOUR REEDS Phone or Mail Orders Promptly filled Sugarhouse Awning & Paint Company Phone IN 2132 South 11th East SALT LAKE MINERALIGHT: for the Hobbyist Model N. H. $14.75 Fun 8 443 South 6th East stimulate research, improve the methods and reduce the costs in onr industry. DA W. H. H. CRANMER 2-25- 93 PRESIDENT AND GENERAL MANAGER 30,000,000 SHARES NEW ISSUE CITY, UTAH XMAS SPECIAL C-1- To Common Stock PAR VALUE OFFERING PRICE Non-Assessa- ble Coal Bed The company i in the mining hutinesi end is presently in the exploratory stage. The company own, mining property in Utah. Canyon and Cottonwood Canyon, San Juan County, Geiger Counters $35.00 Value, now $24.95 Grand Jewelry 220 South State Per Share MID-AMERI- AN OFFERING CIRCULAR MAY BE OBTAINED FROM I CA SECURITIES INC. OF UTAH 26 WIST BR0UWAYT bit Phone IN lake City. Utah 46 Please send me a copy of the Offering Circular relating to ROCKET MINING CORPORATION. - Name Address City Phone State ........ J |