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Show a of U Library Oor erf iKeJt Significance in the Oil and Wning World" The Western Mineral Surrey, Salt Lake City. Utah Vol. 26; No. 50 Huge Strike Made in New Mexico January 27. 1956 UCOA Seeks rizona Copper In Arizona New Mexico Bureau Settlement of a claim jumping suit in McKinley County, N. M., has been announced by United Western Minerals Co. and e an affiliate of Industries. At the same time, officials the discovery of upwards tons of good grade a million of ore in the disputed area. uranium On Oct. 27, District Judge C. C. McCulloch at Santa Fe, issued a restraining order which stopped exploration work which was under way by both companies. United Western was defendant in the suit. A United Western official said after the weekend settlement that we have decided upon a working agreement with both companies participating but with Kermac operating the property. Ker-ma- c, Kerr-McGe- dls-clos- ed f i Indian lands in Utah and Arizona this week were worth millions of dollars to oil and uranium companies throughout the west. The Ute Indians in the Uintah Basin were offered $1,411,360 by major oil companies for rights to drill on tribla and allotted lands from Blue Bell to White Rocks. tracts of land on the Twenty-si- x Navajo Indian Reservation in 6 Arizona brought bids of $170,-946.0- total for uranium exploration rights. Both public bidding sessions set new records for the tribal auctions. The Uintah Basin recorded the largest bonus bid total since the oil discovery rush in late 1948. Acreage involved included 64,276 The ore deposit discovery was acres in tribal lands and 1,199 in made known when the two firms allotted lands. Buying the rights for the high compared during negotiations geologic reports on the property and found that both reports, made by independent geophysical firms, were almost identical. The United Western spokesman said that both reports Indicated upwards of a million tons of ore. 'The property Involved is adjacent to rich deposits of Pinon and Sabre uranium firms in the Ambrosia Lake area of McKinley County. est bids on all but one of 20 with successful results. tracts of land was Standard Oil The Indian Service at Window Company of California offering Rock, Ariz. announced that the $1,125,594. The one tract of 26 tracts of land located in the acres was purchased by Monument Valley area along the Carter Oil for $5.17 an acre. Arizona-Utaborder totaled A joint bid was entered on four acres. tribal tracts by Carter, ContinenSuccessful bidders Federal Uratal, Sinclair, Superior and Phillips Petroleum. Other firms bid- nium, Salt Lake City; Gibraltar ding included: The Texas Co., Minerals Co., Plainville, Tex., Richfield Oil Corp of California, Rare Metals Corp., Salt Lake City, Corp., Grand and Skelly Oil and Gas Co. PetrolColo.; Junction, Phillips All bids made on the tribal eum Co., Bartlesville, Okla.; lands are subject to approval or Utomic and Mining Exploration rejection by the U. S. Geological N.M.,- Byden Mines, Clovis, Co., Survey. Cortez Colo., Continental In the neighbor state Arizona Inc., Oil Co. and Newmont Exploraall monies from the bidding will tion Ltd., Denver, Copper Cango to the tribe. Bids must be apyon Mining Industries, Farming-ton- , proved by the USGS before they N.M., Reynolds Electrical are final. Eleven companies interested Corp., Santa Fe., N.M. and in gaining uranium prospecting Treasure Uranium and Resources rights on the land entered bids Inc. 36 h 13,-74- 4 New-Shap-T- ex - Wagon Drilling Drums Flat Top Mesa Claims Tri-Sta- te Tri-Stat- (See UCOA Page 2) Late Reports Buys Twelve tons of uranium ore will be presented to the girl who wins the title Miss Atom Age at the forthcoming celebration at New Mexicos uranium center, Grants. Seven finalists will be chosen from photographs and will be brought to Grants for the final judging Jan. 28, Mayor George Colorado e Grants-O-Ram- a Uranium Corporation the stock of which advanced from a low of 7 cents to 15 cents in three days this week, has purchased a total of 4,287 acres of potential uranium property near f i Craig, Colorado. e Milton Bess, president the purchase today. reported Bess, owner of the Crown Jewelers, Salt Lake City, described the new property as located in a hot area. In addition to the Craig prope is shiperty, Bess said one than better per cent ping uranium ore from its claims in the South Henry Mountains area. He said the company expects to start drilling the Colorado property in the Spring. Tri-Stais captialized at shares of stock of which 5,450,000 shares are floating. - Tri-Stat- i 10,-000,0- 00 Jewell to Sink $11,000 Into Drilling Plans An $11,000 drilling contract for exploration of Jewel Uranium Companys 36 potential ore claims south of Blanding will be awarded soon to the Edwards Drilling Co., of Blanding, it was announced by David H. Bybee, Salt Lake, Jewel president. I. Dannenbaum said. Tri-Stat- te Weather permitting the drilling program is to start immediately See JEWELL Page 2 Uranium Corporation of America is now negotiating with two major uranium companies said to have tremendous tonnage of low grade ore. Their respective managements are anxious to have their ore upgraded at upgrading mills that UCOA plans to erect in Southern Utah and in the Gas Hills district of Wyoming. Discussing UCOAs plans, John H. White, Jr., president said the companys pilot plant, 3955 South State Street, Salt Lake iCty, is completely installed and functions to perfection in processing certain types of ore, which previous tests demonstrate can be successfully upgraded. The pilot plant operation has (exceeded our most sanguine expectations, White exclaimed, adding that it did a better job than was done in the company laboratory. Management is now assembling various assorted types of ore from southern Utah, Wyoming and North Dakota. Management is now positive it can successfully handle four different types of ore and expects to conduct experi- ments on other types soon. Preident White disclosed that UCOA has been offered a con- - Uranium Land In ! The familiar wagon Drilling For Fay Dirt drill is being used by Silver Pick Uranium Corp. on its best producing property on Flat Top Mesa near Gateway, Colorado. The drill blows dust from cuttings up the hole to be sampled. (See Silver Pick story, Page 3) U.S. Bureau of Mines today said crude oil stock totaled barrels on Jan. 21, a decrease of 324,000 barrels from the previous week. 258,-864,0- Amateurs Keep Coming Uranium Fever Still Rises In West Amateur uranium would be uranium miners that DENVER havent prospectors given up the they might have better luck somewhere other than on the alsearch for uranium. received of If letters ready heavily staked Colorado inquiry of half January Plateau. during the first Uranium Information reported by the Grand Junction operations office of the Atomic Energy that the AEC is pointing to inCommission are an indication, a creasing reports of discoveries in d states as Washsuch wave of prospectors will invade western ington, Oregon, Texas and California. states, looking for uranium. The amateurs got more ento P. Uranium I.s According urafrom another AEC Denver couragement Information, weekly indiAEC he told the officials when nium report, spokesman cate that there is a surprising' Grand Junction geological society increase in letters of inquiry last week that inexperienced uratheyve been receiving so far dur- nium prospectors have found more uranium than skilled proing 1956. The AEC encourages prospect- fessionals. Uranium Information reported ing, but is pointing out to the geiger-counter-arme- Merger of Newmex Uranium and Development Corp into Resource Ventures was unanimously approved Monday in Salt Lake ,City. The surviving company has acquired oil, gas and base metals properties in Canada. off-Plate- this week news of several uranium discoveries that show promise. One of these is within the boundaries of world famed Garden of the Gods, just west of Colorado Springs. Ore already is being shipped from another eastern slope Colorado mine in the mountains northwest of Loveland, Colo. And in Nevada Uranium Information reported that pitchblende has been found on a group of claims three miles south of Austin in Lander County. Earlier exploration of the property showed the presence of secondary uranium ores near the off-plate- surface. The pitchblende feet under the ground. is 200 00 Increased oil production put New Mexico in the record bracket mineral wise for 1955. Total high value, acording to John H. East, Jr., regional director for the Bureau of Mines, is $423,659,000 an increase of 11 per cent over 1954. Sarena Mines, Inc. won full rights to some 300 acres of rich government owned timberland in Oregon this week after a long dispute with the government. Under law, according to Interior Undersecretary Clarence A. Davis, the company is entitled to claim and patent the land as it had completed all required development work and proved a A1 valid discovery of minerals. t 1 t HURT w m flp W'V., |