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Show April 27, 1956 Page 3 The Western Mineral Survey, Salt Lake City. Utah Antlers Activities Speed To Full Production Favorable mining prices have mill and mine on Antlers Oil, Mining and Milling, Inc. properties near Yucca, Nevada, according to F. A. Ilintze, Antlers president. The copper and zinc mine has been closed since February, 1952, when a government contract expired. The 120 ton flotation mill at the mine went into operation early this month. Started on a basis, the mill will be on a three shift operation by May 1 with 50 men employed. The operation of mine and mill is under the Samicol Mineral Corp., Santa' Fe, N.M. with Robert J. Dalton, supervising. According to F. F. Hintze the Antlers property was first leased on the Faire Mining Co., Golden, Colo. Antlers Oil, Mining & Milling of Salt Lake City. Faire organized the Yucca Mining and Milling Co., built a mill on the property and developed a large reserve of ore. Samicol Mineral acquired operating rights from Yucca and is now gearing for a capacity run. Antlers, Hintze said, receives a five per cent royalty on all ores and concentrates sold from the Antler mine nder the original contract with Faire. Supervisor Dalton is enthusiastic about the outlook for mill operations, Hintze said. More than a million dollars in copper and zinc were taken from the mine in the past seven years, Dalton reports, despite the. fact the mine was closed to operation a during four years of this period. Dalton and Sons have a secondary interest on the property. They are continuing the fertilizer operation on Antlers property, for utilizing flotation fertilizer and soil conditioner. The trade name s Dalton said. y re-open- one-shi- , 43" Federal Shipping Marches Up '56 During Early SALT LAKE CITY Federal Ai v Uranium Corporation and its subsidiaries shipped 5200 tons of uranium ore frorp producing properties in March, W. D. Nebeker, Jr., company president, announced today. March was the sixth straight month in which Federal showed an increase in production. Production was reported from six properties. Largest producer was the Radon mine, which shipped 3350 tons of ore during the month. This mine recently was itCANV -- cVSssfLfc Ai X ft PROSPECTS GOOD Ore at Yellowplne. Congo Uranium Co., Salt Lake City, this week told stockholders of lease acquisitions in southern Nevadas Yellowpine Mining District and is shipping lead and silver. In a stockholders letter, the Board of Directors said the company is shipping 120 tons of lead and silver ore to the American Smelting and Refining Co. in Selby, Calif. Ore is being taken from an ore vein 12 feet in thickness. Mining operations from a vertical shaft are now at 150 foot depth, the directors letter states. Shipping is from properties on the Bell Group of claims in the Yellowpine Mining district, the letter notes. A lease on the properties was obtained from the Campbell Estate. Claims are located near the Yellowpine Mine, the districts larg est producer. It has produced, the letter states, in excess of $16,000,000. The Yellowpine district has produced in gold, silver, lead, zinc and copper ore since 1908, Congo directors note. lease on the Congo also holds a long-teron other has properMines and Bullion options ties in the Nevada area, including a copper mine with ore developed, the letter states. Congo offices are located in 404 Boston Bldg., Salt Lake City. Stock of the company is currently cent bid and seven-eighth- s quoted at one-ha- lf asked. The company also has properties in the Circle Cliff area in southern Utah. They are awaiting building of milling facilities and a closer buying station before blocked out ore is shipped, directors said. $35,-000,0- 00 m Plans have been laid for a May 24 meeting of the stockholders of Big Bend Uranium Corp., Salt Lake City, to consider and vote upon a proposed merger of the company with Consolidated Oil and Resources, a Colorado l, to Dean Conder, Salt Lake attorney and secretary-treasurof Big Bend, the stock exchange pursuant to the merger will be at the rate of 20 shares of Big Bend stock for one share of According er The American Association of versity toward establishment of Petroleum Landmen will hold its the first landmans undergradsecond annual convention in Den- uate course for a bachelor of ver June 20-2-3. Featured speakers at the meeting include Glen E. Nielson, president of Husky Oil Co., Cody, Wyo., Col. T. H. Barton, Monsanto Chemical Co. and formerly head of Lion Oil Co.; and Tom Sealy, Midland, Texas attorney and chairman of the board of regents of the University of Texas. All three men are widely known throughout the oil industry. Sealy is recognized for his work with the Texas university curriculum as it applies to oil land problems. Currently the Association is working with the uni science degree. Nielson Is now a member of the board of directors of the American Petroleum nstitute, and is a past president of the Rocky Moun. tain Oil & Gass Assn. Barton was seated on Chemicals board of directors when Lion Oil, then under his leadership ,was merged Col. Monsanto with Monsanto. v The landmens convention will include seminars on land problems in uranium exploratio, the use of business machines in lease record systems, taxation problems in uranium exploration, the units, and general educational matters of concern to landmen. VA group start construction of a mill on Uranium Companys recently acquired BIG copper. Iron and tungsten property north of Milford, Utah. Engineer reports indicate plenty of potential ores for years ahead. Ward A. McGinnis Co., of Eureka, Kansas, have taken over a Canary and K. O. group drilling and mining lease on of claims located north of Beaver, Utah. The drilling program will commence within 10 days. Also an up grading process is being worked out to handle great deposits of low grade ore. Stockholders meeting will be held Saturday, May 26, at 1:00 pjn., in Newhouse Hotel, Salt Lake City, Utah. U-Be- va California-Ogde- n U-Be- va U-Bev-as SE. R. MOODY, Secretary e over-burde- n. Canada. Frontier Pushes Ahead On Huge. Merger Program Great Frontier Mining Corp. officers this week acquired majority voting stock of five or mining corporations, according to Murray Kivitz, legal counsel. This move is the initial step in one of the largest mining ventures in the area. The Utah corporation is not contemplating mergers at present, Announcement of Kivitz said. merger. companies concerned will foe These assets include mining made within two weeks after claims and leases and all equip- contracts have been completed, he ment now owned by Big Bend. added. Officers of the company have Bend has Big producing properties in the Green River, Utah, been negotiating with several area which are currently under mining firms in Salt Lake City contract to UPETCO for strip FREE CATARACT . . . holdings in the Petrified Forest area of Ancona. Most recent shipment, consisting of approximately 43 tons of radioactive material from this area went to the Globe, Ariz buying station of the AEC last week. Cataract has also started a diamond drilling program in their recently acquired Ambrosia Lake properties, consisting of 1280 acres adjoining Sabre and United Western. Contract for drilling 25,000 feet of exploratory holes went to the T. W. Swank Drilling Co. of Moab, Utah last week. The grid pattern for drilling has been established and work will commence during the last week, Kivitz said. Great Frontier also .released shipping totals in access of 2400 tons of ore ranging from .37 per cent to 1.46 per. cent uranium taken from the Cedar Point No. 1 mine Beaver Mesa properties. Vanadium content average 1.5 per cent according to Kivitz. The company has been mining and shipping on the Colorado Plateau for the past 20 months. The Cedar Point mines is on property which is contiguous to the famed Vernon Pick Rayetta mine, near the state lines. Utah-Colorad- o - BULLETIN Current Developments at AMBROSIA LAKE (Continued from Page 1) URANIUM ATTENTION COMPANY STOCKHOLDERS U-BE- change. Conder anticipates that the Consolidated stock, will trade for $1 after the merger. Conder feels that the diversification of assets accomplished by the merger will act a sa consolidation of forces of the two companies. All of the assets and real property of Big Bend, he said, will go to Consolidated, which will be the surviving company in the A total of 735 tons was shipped by Plateau, which is wholly owned subsidiary of Federal. The Dakie mine, acquired from Elk Ridge Uranium Company, produced 135 tons in March, the Haystack Butte property in New Mexico produced 700 tons, the Elizabeth group of claims produced 215 tons, and the Fault claim lease produced 55 tons. In addition to the increasing ore shipments. Federal has accelerated its exploration activities. Exploration is being stepped up on the Haystack Butte, N.M. holdings, with promising findings in recent weeks. Drilling also is being done on clams in Blue Mesa, Colo., in connection with Basis Consolidated. claims. This would give Big bend stock a trade-i- n value of five cents per share after the merger. The 2 stock is currently trading for cents on the Salt Lake Ex- transferred to Federals subsidiary, Radorock Resources, Inc. Other producing properties included the Plateau Mining Company claims in the Yellow Circle area near Moab. production from the Elizabeth group in the Marysvale, Utah area, and near the Plateau Min20-- 1 ing Co. properties in Utah. Federal also is continuing its states Conder that Upetco examination of other properties mining. strip-minto has contracted eight to determine where futrher drillclaims in the Green River area ing will be conducted. The company controls more and are now engaged in removig No ore has been than 40,000 acres of uranium the shipped as - yet from, these claims in the western states and Big Bend Considers Merge On Plan Denver Meeting en shaft. 150-fo- ot Congo U - Leases Nevada Lead - Zinc 1-- Oil-Landm- Congos Vein 12-Fo- ot by-produ- Ferro-Soil-Ti- DRIVING IN GRANTS, N.M. The fabulous new uranium center ' VAN of America GRANT & CO. Established 1936 42 West Broadway Phone EMpire 47 Salt Lake City, Utah Please send me your current report on developments in Ambrosia Lake, Grants, New Mexico. Name. Address City State. |