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Show ,y)or WetoS etf W, $$ jficanee iy V Vol. 27; No. 3 Vanura Ships V Grade In CoIok o 13W6 The Oil ahef tiiihiHg IHgffyly tein Mineral Survey, Salt Lake City. Utah $3 Million Utoco Ukraformer Unit Approaches Completion Vanadium, Uranium Ore Brings $141 Per Ton To Nevada Firm n MOAB, Utah Vanura Uranium. Inc. disclosed today a ore shipment from its Crown Prince mine on Martin Mesa. Montrose county, Colo., assayed 1.24 per cent uranium oxide. The assay sheet on the load also showed 3.66 per cent vanadium 10-to- content, said Vanura President William T. Swift of Moab. Ore of that grade will bring about $141 per ton. Swift said the ore came from a two-fovein in the Morrison formation. The vein crosses the incline shaft at right angles, he said, and miners now are to determine extent of the deposit. Another shipment from the roll is scheduled this week. After along the e new vein, miners will drift another 25 feet toward a drill hole which cut a five-foroll, Swift said. Ore is going to the mill at Uravan,' Colo. The Crown Prince and nine ON THE SCENE Two Sterling other claims on Martin Measa are rice presidents, C. E. Ilicks and leased by Vanura from Lakeside Gordon Weggeland visit Monumen- Monarch Mining Co. Vanura t-Valley diggings. under terms of the contract will perform 25,000 feet of drilling in the next two years on its own Open Pit lease and on other Martin Mesa claims of Lakeside Monarch. Other Vanura properties include 50 claims in Grand county, Utah, and six claims in the Big $8,000 Gypsum Valley mining district of ot One of the newest innovations vice president in charge of manin the manufacture of high octane ufacturing. The Ultraformer is basically a gasoline is nearing completion at Utah Oil Refining Co. in Salt series of four alternating furnaces Lake City. and reactors through which low octane gasoline is pumped until A three million dollar ultra- the finished product is a premium former unit, designed to meet quality gasoline of better than higher octane demands of the fu- 100 octane rating. ture, will be finished in early According to Mr. Clark the May, according to Frank R. Clark, high octane gasoline which can cross-cuttin- g high-grad- e cross-cuttin- g high-grad- ot Sterling. Lists Profit On Uranium M.rci 9. 1956 San Miguel County, Colo. Vanura is a Nevada corpora- Sterling Uranium Corp. ship- tion with headquarters in Moab. ped commercial uranium ore from Underwriter is I. J. Schenin Co , Monument Valley, Apache County, New York City. Ariz., for a net profit of $8,000 during January, company officials reported today. VCA The January shipments totaled 550 tons. February shipments are expected to exceed this amount, officials said. AcSalt Lake City, Utah to announcement an here The companys settlement check cording exceeded $17,000 officials stated, today by J. Carlton Ward, Jr., for ore containing U308 assaying president, Vitro Corporation of .25 per cent and vanadium worth America has acquired Uranium more than $7 per ton, with a low Prospectors Co., Ltd., of Grand lime content. Junction, Colo., which will become a wholly-ownesubsidiary Sterling has been open pit min- of Vitro. ing since the first of the year. Uranium Prospectors Co. has According to Robert M. Ander- been mining a carnotite type of son, company geologist, two tons uranium ore, chiefly at a locaof low grade ore is being stock- tion near Green River, Colo., piled for every ton of commercial where the company has large reshipped. The stockpile represents serves. deferred profit over and above It is expected that about 1,500 ore shipped, Anderson said. tons per month of such ore will Anderson also told company of- be milled and processed at the ficials that ore. in sight esti- Salt Lake City mill of Vitro Uramated 8,000 to 10,000 tons of com- nium Company, a division of mercial ore on the area stripped. Vitro. Vitro paid $50,000 in cash and Sterling has approximately 45 acres on the Monument Valley additional ore payments for Urasite. A small area, not exceeding nium Prospectors, acquiring all of four acres is now under opera- its outstanding stock, rights and bonds. tion, officials said. Acquisition of Uranium ProsSterling property is bordered on pectors is significant for Vitros the south by Vanadium Corporaoperations on the Colorado Plation of Americas No. 2 claims. teau, stated Mr. Ward. We are Operations are being conducted acquiring substantial ore propwith "an eye to economy officials erties and are assuring the Salt of a consistent report. A crew of eight men is em- Lake City mill ore of for processing. supply ployed on the properties. The new officers of Uranium Company officials are contemplating possibilities of an up- Prospectors are William B. Hall, grade mill on the property. They, president, Richard C. Cole, vice however, are awaiting word on president and Harold D. Haight, the Atomic Energy Commissions secretary and treasurer, who beplan to build a processing mill come the three directors. They are at Mexican Hat, Ariz., located 19 all executives of Vitros Uranium miles from Sterling operations. Division. Absorbs Subsidiary Firm be obtained with the new installation is not yet required by autobiles, but with automotive research increasing the compression ratios of engines the new facility will meet future demands. The ultraformers steel flare stack rises 200 feet above ground level. The new unit covers an area of 25,000 square feet and has two large 330 hp, engine driven gas compressors and three smaller compressors. Contract for building the major part of the ultraformer is held by Fluor Corp. Ltd. H. H. Stewart is construction superindent in charge with Hugh M. Thompson, Utah Oil chief engineer, supervisor of construction for the company. Utoco is also expanding the refinerys laboratory and research facilities in an $115,000 program to be completed in June, officials report. The refinery is located at North Beck Street in Salt Lake. A special feature story devoted to the development of Utocos plant appears in the spring Industrial Edition of the Utah Magazine. Author Jack De Mann states that the expansion program will convert the present one floor building into a two story structure. According to Mr. DeMann the current changes are not a new story in Utocos history. Since its organization in 1909, Utoco has played a dominant role in the oil' and gas progress in Utah and the western states. In 1949 Utoco installed a $2,500,-00Propane Deasphalting plant. A $250,000 Asphalt blending plant went into operation in 1950. The company has progressed from seven barrels of crude oil per day in 1909 to the present capacity of 29,000 barrels per day. In the year it started business, according to De Manns article, the company had a working capital of $30,000; at present the total company assets are valued at 0 With an eye to the future, Utoco is addition the Ultraformer. The $3,000,000 latest finishing up its in be installation will operation in May, officials predict. TO UPGRADE PETROL d Utah Drilling Explores Mt. Peale Property In Rich Grants Area $46,749,260. He continues that Utoco employed eight persons in 1909 and MOAB, Utah Utah drilling an- McGee on the west. Owen added today it employs 1,200 workers, nounces that it has contracted to that it is possible that Mount who are engaged in processing conduct an exploratory drill pro- Peale exploration program may and distributing more than 200 gram on Mount Peale Uranium find an extension of the large Sa- different petroleum products from bre and Pinion deposit. companys property in the 92 bulk plants and 750 retail Mexico New Grants, Utah Drilling plans to have the area. first drill hole complete in severMount Peales president, Elmer al days. Strand, granted Utah Drilling Mayhew-100-0 A large heavy-dut- y permission to release this information to the public, according drill rig will be used. Tool to William J. Owen, Moab, pres-den- pusher Douglas Cathey plans to Annual Uranium operate two No. 315 Schramm The Third be held in Grand will Compressors connected in series Exposition Located in the famous Ambro- for air drilling. Double shifts are Junction, Colo., March 10, 11 and sia Lake uranium district, the planned to expedite the proced- 12. Mount Peale property is in Sec- ure. Sponsored by Uranium Ore 14 10 W. R Producers T tion 16, Association, the fete N, Miss Atomic Utah Drilling has had extensive will feature a This particular township al- experience in uranium drilling on Energy Mr. Uranium and contest. Displays of the newest ready includes several large com- the Colorado Plateau. mercial ore bodies. equipment will be shown. The company has conducted exUtah Drilling Co.s president ploratory programs in Utah, ColUranium ore hauling rights and geologist, Owen, pointed out orado, Wyoming and Arizona. be discussed by mining will that Mount Peales property in in the Moab and Green leaders The Grants and Ambrosia Lake Section 16 is bounded by large areas this week. Water River uranium ore bodies as follows: area is expected by some geoloore uraand Sabre on the north, Anderson on gists to become the largest hauling rights will be sector in the investigated by the Utah Public the northeast,, Pinon on the east, nium producing Service Commission. Pacific on the southeast and Kerr- United States. fast-developi- LATE REPORTS t. |