OCR Text |
Show May. 18. 1956 The Western Mineral Surrey. Salt Lake City. Utah New Stock Issue Out O A NEW URANIUM STRIKE was made on the Spokane Iftdian Reservation, some 50 miles northwest of Spokane. Even the local Atomic Energy Commission office was impressed. A spokesman termed the drill hole results very promising. FROM 16 TO 27 FEET OF COMMERCIAL ORE showed in three holes and from 12 to 15 feet in two other holes, according to AEC rediometric logs, company officials said an ore body 0 200x200 feet containing over ore worth tons of $1 million, has been indicated to date. The ore lies less than 30 feet under the surface. The strike was made by Northwest Uranium Mines, operating firm for Silver Buckle, Eastern Lead, Fortune, Pathfinder Uranium and Stans-bur60,000-70,00- y & Associates. getting hotter and hotter. Daybreak Uranium and Big Smoke Uranium are stockpiling ore. Dawn Mining Co., a subsidiary of New Mont, is completing plans for a buying station and processing plant after shipping about 100 cars from the Midnite mine ' on the reservation. Seventy-fiv- e prospecting permits are approved or pending on tribal lands. Bids WANTED BARE EARTH PROPERTIES YTTRIUM GROUP Send Complete Information With First Letter Box 421 Salt Lahe City. Utah QUALIFIED MINING COMPANY WILL CONSIDER MERGER WITH URANIUM COMPANIES POST OFFICE BOX 2322 SALT LAKE CITY. UTAH A one for one exchange of stock Temperature ranges at which various minerals are most is being offered to stockholders recovered by electrostatic separation are tabulated for the of Pacific Northwest Pipeline easily first time in a technical report released today by the Bureau of will be called soon on allotted Corp. for interest in the NorthMines. lands. west Production Corp. Northwest registered with the NORTH STAR URANIUM, with Electrostatic separation is a method of recovering minerals SEC 811,973 shares of $1 par com$180,000 from a recently com- mon stock of Pacific Northwest separately from finely ground mixtures by taking advantage of pleted public offering and large Pipeline, controller of Northwest. variations in their electrical properties that make them react dif- A Special bloc of 2000 shares holdings which include ground adferently when passed through a to will offered be field of static electricity. employees key jacent to the Midnite mine, was of Production. Northwest added to the local uranium list. It is employed increasingly in DAWN URANIUM Ss OIL (no treating black sands from beaches and other placer deposits for the connection with Dawn Mining) recovery of titanium, zirconium prepared to ship its first uranium Cayzor Athabaska Mines, Ltd., and rare-eart- h ore from the Mount Spokane disminerals, and the shareholders were informed that Bureau is seeking to broaden its trict some 30 miles northeast of The Securities and Exchange 3000 tons of ore usefulness. approximately Spokane. It also acquired explor- Commission this week cleared the from Canada development has. ation rights on 11 state leases of name of Azamat Guierey, New been stockpiled on the surface and The report gives the results of York City, from an order suspend- outlined 80 acres each north of the Spoby diamond drilling was tests at the Bureaus Eastern Exing the Colorado Mining Corp. given at 818 tons per vertical foot periment Station, College Park, kane Indian Reservation. and selling stockholders. averaging 0.4961 per cent urani- Md. Testing shows certain minernotthe with SEC, filed um oxide, by H. T. Leslie, the als that could not be separated DIAMOND DRILLING was Guirey or not offered has companys consulting engineer at electrostatically at room temperstarted at the Phoenix uranium ing that he ature because of their identical has fact sold his shares and in the annual meeting in Toronto. prospect of Western Silver-Leato electrical conductivity responded voluntarily returned his shares Cross controlled sectioal on withthe Square Deal( by the issuer in December, 1955, drilling readinly when heated to temperLake Zone just west of the pres- atures from 122 degrees to 1112 and Uranium Mines in out compensation. ent underground workings has degrees F. Utahs Big Indian district. First He also said he had no part in beenstarted and drill hole interhole is being put down about 900 preparation of the notification or sections to date are as follows During the experiments, the connection most favorable temperatures for feet from an ore body drilled by offering circular in 1.09 of ovcent U308 average per with the proposed offering circu- er electrostatic Homestake Mining Co. 2 separation of 115 2.18 cent over 3 feet; per lar by the selling stockholders. 97 minerals from 26 of 1.60 samples cent over 2.5 feet; per BUNKER HILL Co. reported Guireys request for withdraw- feet; 1.56 per cent over 5 feet; 0.34 per states and 12 foreign countries, first quarter net income of $813,-00- 0 al of his filing was granted. cent over 8 feet. On the second were determined by Foster Fraas, or 50 cents per share, vs. According to the Commissions level a horizontal hole drilled into Bureau metallurgist. $775,000 or 48 cents a share a original suspension order of Mar. the- same area cut a section averThis information is expected to year ago. 30, 1956, it appears that Colorado aging 0.92 per cent over a core find practical use at plants treathas been permanentof 8 feet. A drift from the ing beach lenght FEND OREILLE MINES & Mining Corp. sands and rare-eart- h N.Y. the Supreme second level is to ores, and may extend the use of extended METALS boosted mine output to ly enjoined by being busiCourt from engaging in any these zones as rapidly as possi155,074 tons in the first quarter, ness separation to other relating to the purchase or ble, Mr. Leslie told the share- electrostatic versus 130,866 a year ago, and is now minerals considered unterat-abl- e sale of securities. holders. concentrating on development this process. by SECs order continued that the work so production can be fur- terms . .The ore opened by drifting on conditions of Reg. A and ther increased. The subsidiary had not been complied with and the first level is estimated to be The report describes the methods and equipment used in the REEVES MACDONALD is makcir- 4587.1 tons per vertical foot avand notification offering that betests, thus providing a guide for ing nearly $200,000 a quarter and mislead- eraging 0.583 per cent U308 unfalse contain cular . write-offsfore determining whether other mincut, without provision for dilu- erals ing representations of fact. electrocan be recovered Other selling stockholders of the tion, or 0.514 per cent cut. the static separation and by SUNSHINE MINING C ft. anmost the nounced that it has developed a corporation, headquartered i n companys annual report shows. treatfavorable temperature for new process for making 99.95 per Denver, include: John M. Schle-singe- r, has to contracted Cayzor ship ing them. Melville Boyd, George E. cent pure antimony from cathode its to ore custom new the mill Roberts, Robert Reed and L. D. antimony produced in making and a contract has been signed built Lorado Uranium being by -copper concentrates. The pro- Friedman & Co., Inc. for haulage of its ore to the mill. Mines, Ltd., in the Beaverlodge cess removes arsenic. It should area. Cayzor has constructed a During the past year the mine convert some 3,500,000 pounds of new road which will reduce to buildings at Cayzor have been exstockpiled cathode antimony into six miles the distance to the mill tended and increased. a marketable product. U. S. Atomic Energy CommisLUCKY FRIDAY SILVER-LEANo. 3, LisMINES reported opening sion Preliminary May and SurThis is neither an offer to sell nor a solicitation of offers Anticline 665 feet of excellent ore to date bon Valley San Juan County, to Area, buy. Sales may be effected solely by means of the Offering on its new 2150 intermediate lev- rounding now available for puris Circular in jurisdictions wjiere qualified for public sale. el. Four raises from the 2300 to Utah, of the chase from Superintendent ore were 2000 level in good the all the way. On the 2300 bottom Documents. Junction New Offering 3,000,000 Shares The Grand Operations level, continuous ore of excellent Office of the Commission angrade has been exposed for more nounced the new map is priced than 1200 feet without reaching at 15 cents. the end of the ore body. Plans for The map is not sold or distrib1956 include deepening the new Energy shaft and driv- uted by the U.S. Atomic a copy is Commission, although ing an exploration heading into available for public inspection at adjacent leased Gold Hunter the Grand' Junction Operations ground. Office. DAY MINES' first quarter net Orders for the map should be was directed a of ago, $67,055 only to the Superintenyear profit Mine-Mi- ll strike dent of Documents, Government due to a which ended in February. Regular Printing Office, Washington 25, (A Utah Mining New York Man Cleared By SEC - Gol-cond- a) - A.E.C. Map Ready Roi Homestake-L- e D Mining Co. Your company is now in good standing in the State of Colorado New Address: MINERICH CO.. INC. 214 N.W. 4th SL Faribault, Minn. three-compartme- PLEASE WRITE Company desires someone to Evaluate and do Assessment Work for an interest in Over 250 Claims Contact Crestline Uranium & Mining Co. nt ining Corporation Complete Line of O.T.C. Pullers, Light and Heavy Duty. Hydraulic Pullers available up to 100-toComplete Selection of Hand Tools 93 SALT LAKE CITY, UTAH n. BROKER WANTED TO HANDLE UNDERWRITING OF CORPORATION. PROP- ERTY WELL SITUATED IN BEAVER LODGE LAKE AREA SASKATCHEWAN, CANADA Reply: POST OFFICE BOX 2322 SALT LAKE CITY. UTAH Corporation) operations were not restored until D.C., identifying the map by its name and number. near the end of the quarter. Tlis is not an offering in Utah Prospectus will not be mailed to Citizens o! that State YOUR TOOL HEADQUARTERS 1429 Sigbee Avenue or Call EMpire A UTAH Canadian Firm Stockpiles Ore silver- SHAREHOLDERS I. Static Electricity Aids Mineral Separation d, THE RESERVATION AREA is J. Page 7 Offering Price INC. HAFER'S, Box 438 Salt Lake 1 0 cents Per Share (one cent par) EXPLORING URANIUM, COPPER, SILVER, MERCURY PROPERTIES IN WASHINGTON COUNTY, UTAH MOJAVE COUNTY, ARIZONA LINCOLN COUNTY, NEVADA FRONTIER INVESTMENT, INC. Milwaukee Electric Drills, Polishers and Sanders Wheel Wrenches, Chain Hoists, Chain Binders, Log Chains, Tow Chains 1 Suite 9, 2419 South Fifth St. LAS VEGAS, NEVADA Send copy of MORMON TRAIL MINING CORP. Offering Circular to: Name Address City City : State. |