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Show April 13. 1956 The Western Mineral Surer, Salt Page 3 Lake City. Utah New Mexico Pushes Ahead In Uranium Development WESTERN R.IOW. HATH MAP Cft JAM Bankers Uranium Readies Ambrosia Lake Drilling III! Bankers Uranium Corp., Salt City is negotiating with drilling contractors to work rea cently acquired properties in Lake, McKinley county, N.M. starting within 30 days. The company, according to Pres-- I ident George Anderson, Salt Lake City, has 320 acres of potential uranium property in the area. Largest group of claims com-- I prising 240 acres are in Township Lake Am-bros- Sahara Uranium Co. and ML T. 14 N. Feale Uranium Corp. are among Santa Fe Firm other western Eyes Texas Chrome Works companies now speculating on 4 N. Range 10 W., the same area as Sabre, Pinon and Pacific, he said. The remaining 80 acres are located in the adjoining Township 3, N. Range 9 W. Bankers plans to open a branch office in Grants, NAL in the near uture. These properties were obtained hrough a stock transaction of one million shares of Bankers at 0 cents per share on a one and a half year agreement, Anderson said. This stock will remain in escrow, he added. Bankers, one of Utahs youngest uranium companies, is also negotiating for a drilling program on Colorado Plateau properties ocated 22 miles southeast of Moab, Anderson said. The company holds 120 acres in this re- United Western Minerals, Santa Fe, N.M. this week announced preliminary negotiations with representatives of Vitro Corporation of America and the Hill Darling- gion. The company was incorporated ton Co., New York, toward erecting a chrome mill in Corpus in Utah in late 1955 with an original stock offering of 2,500,000 Christ!, Texas. United Western, according to shares at one cent. The offering CORP. PROPERTY MAP SHOWING LOCATION OF SAHARA URANIUM Patrick J. Hurley, chairman of the was completed Jan. 3, 1956. INTERESTS IN THE AMBROSIA LAKE URANIUM DISCOVERY AREA Board and Alva A. Simpson, Jr., President Anderson said the county-neMexico mckinley president and general manager, firm has KALE MILII substantially increased would participate in the financing assets and finanproperty-wizof the mill. ORE BODY ANDOR MINERALIZED AREA closed. since the offering Earlier this month United West- cially ern announced negotiations were Bankers stock is now running completed with Foley Bros., and at 15 H cents bid; 18 cents asked the Investment Operation Corp. in the Salt Lake unlisted uranium and Rio de Oro Uranium, Inc. for stocks. application to the AEC to conOfficers include President Anstruct a uranium reduction mill derson, D. H. Moyes, vice presiin Grants, N.M. New Mexico Bureau According to company officials dent, Gary G. Anderson, secreI Four new mining operations SANTA FE, N.M., April 12 United Western Minerals, Inc., United Western has uranium tary, all of Salt Lake City. Ofwith the have been registered fices are in 212 Beason Building, with head offices in Santa Fe, this week announced signing of I holdings in the area, New Mexico state mining inspecSalt Lake City. Transfer agent for Westerr of Th staf.f a contract with Wright, Clark & Senkel, Inc., Graham, Tex., fori. tor in Albuquerque. the firm is Judge Marcellus K. an 67 and development of two United Western uranium simpson? exploration Snow, First Security Bank. alsreport. The new operations include: claims in the Grants, N. M., area. Both of the claims involved, An underground copper and lots 1, 2, 3, and 4 of the SJ4 sine mine started on the napane of 32 and 36, R17N 15W, Sections plains, in Section are on state lands, for which Hidalgo County, by the Hawkins LET US United Western holds mineral Butterworth Mining and Kelly Ambrosia Lake w e eC-Ti- x Mining Companies Flock To N.M. W, Co. The Iola Uranium Corp. of Chicago recently started developing mines for uranium, vanadium and thorium in Sections 5, 6, 7 in Socorro County, and three miles west of Polvadera. The Lone Star Mining and Development Corp. of Albuquerque has registered a uranium mine in Santa Fe County, located in Sections 8 and A YYifry operation has been registered by the B. and H. Mica Co., which is mining an open cuts in of Santa Sections land Fe County. NOTICE ATOMIC RESERVE Uranium Corporation NEEDS URANIUM MINERS IMMEDIATELY We need men to work in two of our mines. One mine is located 23 miles from Moab. Good, safe mine. Track laid. Ready to ship ore. The second mine is an open pit operation located in Wyoming. Good wages good working conditions steady employ- ment. Contact Room 529 NEWHOUSE BUILDING EM 59 Penny Stock Firms Enter Ambrosia (Continued from page 1) negotiation, according to Duncan, is the advent of the small penny stock company into an area peneintrated thus far by terests. He sees the Greenfire public entry as a wedge toward opening the way for other smaller big-moni- ed leases. Besides conditions under which Wright, Clark & Senkel are to develop and mine the claims, the contract calls for 30,000 feet of core drilling on the two sections. Each of the drill holes will be put down through the Westwater member of the Morrison formation. Under terms of the contract of the engineering Uranium Greenfire and exploration program, includThursday was listed on the Salt feet of core drilling on 15,000 Lake uranium market at 2 cents ing each section, b called for within bid; 3 cents asked. Republic lists six months from date of signing. at 4)4 cents and 4 cents. Greenfire, a comparatively Alva A. Simpson, Jr., president young company, was organized in of United Western, and T. A. March, 1955 with a $75,000 public Wright, of Wright, stock offering at 1 cent per share. Clark andpresident Senkel, signed for At a recent reorganization meet- their companies. respective ing Ray W. Bradford, Salt Lake The area covered by the consucCity, was named president to tract is outside of the previously ceed George W. Wortley, who re- announced farmout to White-Welsigned. Vice president of the comH. and J. Whitney Cos., of pany is Don Glenn, and Steve New York. Netolicky, is secretary and treasurer, Both are from Salt Lake companies. . PUT YOU ON OUR FREE MAILING LIST Corp., completion We'll send you the latest information concerning company operations and give you stock quotations on over 100 active trading securities. Call DA Greenfire offices are located at 201 Pacific National Life Building in Salt Lake City. Republic Uranium Co., under President Richard W. Clayton, recently merged with Rocket Uranium Corp. At the time of the merger Republic was negotiating with Carl Anderson, Albuquerque, N.M. for potential uranium company in Ambrosia Lake district. These negotiations, according to company officials, are still underway. Republic officers include President Clayton, Joseph R. Smith, vice president. Administrative offices are in 223 Phillips Petroleum Building, Salt Lake City. Grants Station Defers Opening New Mexico Bureau Opening of a uranium ore buying station at Grants, N.M., has been postponed because of a delay in obtaining equipment and materials, the Grand Junction Op-- 1 erations Offices of the Atomic Energy Commision has reported. The AEC office said the target date for opening of the station is now May 1, instead of April 1 as originally planned. It is hoped, however, that the station may be completed before May 1. 58 FOR LATEST QUOTATIONS ON ALL URANIUM ISSUES MEDNICK BROKERAGE COMPANY d City. 2-53- 422 South Main St.. Salt Lake City, Utah PHONE DA " TELETYPE 58 MEDNICK BROKERAGE CO. 442 South Main, Salt Lake City, Utah Please place my name on your mailing list. Name - Address City ... - -- State SU-6- 2 |