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Show Page 8 Tke Veilea Mineral Surer. Salt Lake City. Utak March 2. 1956 White Star Claims In Operation Stocks to Watch B O. D. QUINLAN j The accidental discovery in Red Canyon of uranium ore assaying 81.18 per cent a few days back, brought about a spectacular buying spree in stock of Utaco Uranium Corp., which advanced from 7 cents to a price of 20 cents a share in about a week. D. E. Kivett, of 1364th Avenue, Salt Lake City, Utah, was voted in as president of Utaco in January, Since then a succession of progressive events have taken place. Uranium King has two shifts operating. It has a monthly from production estimated at $12,500 gross. Heavy initial for equipment have been met and profits should be better from now out. Property is 1300 feet from Utaco property, which is on a channel between Uranium King and Radium King. The latter is a closed corporation operating nearby Ula property on a basis. Uranium King is starting to build up its treasury reserve. The stock is selling at about 10 cents a share. in-co- Unlisted Uranium er-pens- es 50-5- 0 WHITE STAR No. 2 DRIFT Framed In the drift opening are (I-Charley Rasmussen, superintendent; E. L. Barnes, Cal Lichliter, Lowell Ferris, Bob Buggs, director Manila Uranium; r) Sandy Sanderson, mining engineer. On the topside of the No. 2 Drift trucking and drilling operations forge ahead at top speed Rapid Progress Made In Ferrin Area An extensive drilling and shipping program is underway on the White Star claims near Ferrin, Utah under the direction of three independent contractors. Three loads of ore were shipped to Marysvale from the claims during the past week, according to L. W. Ferris, president of the Ferris Mineral Exploration Co., Salt Lake Stock Exchange White Canyon Mining Company has a net working profit of F. A. Sitton, President, looks for a substantial profit in Ihnndij, March 1, 1956 1956 since costly development and Hie Information listed below la derived from sources regarded as reliable, not exploration costs have greatly guaranteed, but believed to be correct. diminished. When the Pacific Asked Bid Us ted Stocks Northwest Pipeline is .completed (in 1956), it will provide a ready Houston, Tex. Ferris is working with E. L. market for White Canyons two commercial gas wells located only Barnes, manager of Barnes Confive miles from the pipeline. The struction Co., Geneseo, Kansas, stock is selling at about $1.00. a and Cal Lichliter, independent contractor and director of the share . on the local Manila Uranium Co. market. $1,-592,00- 0. over-the-count- a financially strong mining company, for operation of the claims of Indian Creek Uranium & Oil Corp., are expected to crystallize within 10 days. Companys claims are 40 miles northwest of Monticello, Utah, where 12 months per year operation is normal. Geologists say the property has good potentials. Stock of the Company climbed last year to a top of 49 cents. Then tapered down to a low of nine cents. It is now at 14 cents about a share. quoted well-equippe- d, A radiometric test from the Bureau of Mines on ore samples from the shipments made last week counted XI per cent uranium ore, Ferris said. The White Star operation at present consists of one drift 40 feet long, and the partners are planning two additional drifts on. the same ore horizon. There is a possibility of open pit mining in the same locality,' Ferris said. He also stated that there is rapid development in the Morrison formation in the Ferrin area and the Entrada formation in which expansive drifting and drilling is now being done. 01 Jato has some exceptional properties and time will tell in the final summing up. Brokers who attempt to play this stock are apt to get hurt, inasmuch as it has a production record and substantial royalties coming in regularly. Progress has been based on ability to show values. Some brokers eventually, may. be expected to fleece themselves out of business. Ulg ' Cromer Brokerage Co. - Member Sell Lake Stock Ex. Salt Labe City. Utak Salle Vo. 4 - 39 Excbaage Place Uranium Digest Upon Request PRESIDENT EISENHOWERS action in making available 0 worth of uranium 235 to industry and friendly nations is bound to make the public more $1,000,-000,00- than ever. It also should increase the stature uranium-consciou- 02 s of the uranium mining industry. Uran. Corp. xSllver Shield South Iron Blossom Utah Con Bug. Com xUtah-Idah- o Utah-Idah- o xUtah Sugar Pfd. Wyo. Com. OH xWestern Alloys : . . xWest Toledo Wilbert xWilllston Basin Oil xYankee Con. Zuma Ur. ft oil ZCMI xUtah P ft xUtah xAmalg. silver Giant Dahl Uranium Dawn Uranium Daybreak Uranium CDA Gold Bond Golden Mess Gold Syndicate High Aurora High Surprise Hunter Creek Hypotheek Lincoln Lookout Mt Lucky Friday Ex Mascot Mines Merger Met Pine Cr Mineral King Mohawk Nabob Nancy Lee National Uran Nev Stewart N w Era Ottawa Paramount Pilot Silver Plalnvlew Reeves Macd Sheep Creek Signal Silver Silver Silver Markets Silver The following quotations are complied Silver from Information received various Silver brokers and believed to be correct. Silver Over-the-Coun- Park Prince Con xProsper Oil ft Mng. Bowl Buckle Chieftain Crescent Dollar A Dollar B Ridge Silvers yndlcate Sunset Mines Talisman Thomas Cons Vindicator Vulcan Vulcan Ex Whitedelf Yak Shoshone v. . 09 19 23 4 68 40 02 .07 02 .24 03 00 30 03 05 30 12 04 03 00 18 08 00 05 09 .02 .01 .02 2.40 1.41 09 08 .09 02 01 54 57 23 50 03 01 03 05 5.15 29 09 03 ... Sugar Pfd. ... L Com. Fire Clay 67 00 51.00 20.00 10.00 vindicates operating companies. Sales Bristol Silver 1000 at 12; 2000 at Spokane Stock Exchange iVU Standard x Piute The' Wilex Co., Wilson, Kansas, The joint venture near Nelson, under the direction of Mr. Barnes British Columbia, Canada, be- is conducting mining operations tween Big Bend Uranium and for uranium vanadium and copIndian Queen Mining Company, per in the above informations has attracted much attention in Ferris concluded. Salt Lake City, Utah, where officers of both outfits malm their homes. Ore samples brought back to Salt Lake City by geologists of Big Bend are reported to contain commercial quantities of very high grade cobalt, now selling at Monday, February 27, 1956 $2.60 per pound, which would run close to $19 per ton in cobalt. Management of both groups are keenly speculating as they prepare to delve further into the possibilities of their new enterprise beyond the northern border of the states. VT xNorth er Negotiations that could lead to a possible operating contract with UV Moscow 1000 .12 .25 .26 75 .43 .04 .10 .05 .28 .04 .01 .37 .04 Vi .06 .40 .15 .06 .06 .01 .21 .10 .01 .06 .11 .04 .03 .03 .06 2.50 1.45 .11 .11 .11 .03 .02 60 65 .28 70 .04 .01 .07 06 5.40 J5 .12 .05 at 12; 4000 at 12; 1000 at 12: 12 Colby Rexall 5500 at 23; 1500 at 24; 450C at 24; 0200 at 23; 8000 at 23; 72 at 22 Comstock 4000 at 6 Cons. Eureka 1900 at 01.0 Lroff Oil 3000 at 15; 1000 at 14 Dragon 500 at 1.25; 1000 at 1.30 Bast Standard 1000 at 22; 1500 at 23 East Utah 1000 at 17 Eureka Lilly 200 at 6 Eureka Bullion 900 at 5 Eureka Standard 1000 at 26 Indian Queen 5000 at 3 Kennebec 500 at 21 Lakeside Monarch 100 at 90; 400 500 at 85 Mt. States Dev. Nev.-Ta- h 3000 0112000 at North Standard 4000 Zuma 87 at 2 at 3 8 at 3; 2000 Prosper 01113000 at 15 Roys ton 6000 at 3 Tar Baby 7000 at 7 Untie Standard 800 at 1.05 WUUston at 2500 at 35; 100 3000 at 8 at 36 Curb Sales Bonanza 2100 at 4 Bristol vlSter 1000 atl2 Colb. Rexall 4000 at 24 Comstock 100 at 6 Cons. Eureka 1100 ta 1.00 Cons. Eureka 1100 at 1.00 Croff 011130 at 15 East Standard 5000 at 24 East Utah 1000 at 17 Grand Deposit 1000 at 3 Indian Queen-40-00 at 565 at 4 h 0112600 at 8 North Standard 1000 at 3 Tar Baby 1100 at 7 Tlntlc Standard 500 at 1.05; 100 at Nev.-Ta- 3; 111 HOMESTAKE was strong following a court of claims ruling that the big gold producer is entitled to damages from the governments wartime order closing gold mines. |