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Show Jane 8. 1956 The Western Mineral Survey. Salt Lake City. Utah Resource Ventures Moves Ahead ' ' iK Page 3 Bn Canadian Program f" ''"' : "'? ' oVinfciv:. V . v' . Vi. VvT ; - V fa, j , "' "' J ft 'V t ,, rAiv . 'i-'vV CANADIAN POTENTIAL ' - y r-- . RV nickel properties in Nickel, Oil, Gas, Resource Ventures Corp., Salt Lake City, this week reports acquisition of additional uranium ore claims on the Colorado Plateau. The company also outlined an extensive summer program for development of oil, gas and nickel properties in Canada. According to Ken Poulsen, as- - Old Copper Land In Utah To Be ' , i ' v Vj,Ur the Northwest Territories. U-O- year corporation Morgan,-presiden- headed by of Salt t, Lake City. The company recently completed merger with Utah-Premi- Surveyed By NR er x Uranium Co. and Uranium and Development New-Me- Corp. North Range Mining Co. this stockholders are conweek reports a pending survey stock at a 25 for 1 share of the old Newhouse copper prop- verting Resource Ventures. erties in the Milford mining dis- in exchange is 10 for 1. trict, Beaver county, Utah. Most important development This report from R. S. Archibald, was carried in the Salt Lake program of the company at present is centered on 17 nickel Tribune. The survey, if interesting, may claims located on the Great Slave lead to an option of the proper- Lake, Northwest Territories in ties from the Norman Rogers Min- Canada, according to Mr. Poulsen. ing Co. by North Range. Last ore produced on the propAn earlier exploration and deerty was shipped in 1912. Devel- velopment program resulted in exopment work necesary will in- posure of 15 veins of nickel. The The ore average assay, Poulsen reports clude a tunnel taken from the property previous- runs from 17 to 27 per cent with ly ran up to 2 per cent copper. a high of 36 per cent nickel. As commercial nickel required New-Me- x Utah-Premi- re-vam- RV Oil Weil No. 10 and storage tanks at Lloydminster. PRODUCER Are RV Prospects re sistant manager, the company now holds 168 uranium claims on the Plateau. They recently completed a stock transaction with the LaSal Uranium Co. for these claims. President of LaSal is A. P. Nielson, Salt Lake City. The company also owns 70 uranium claims 25 miles west of the Ambrosia Lake area. Resource Ventures is a one A. D. ? er percent values, the company the next year. The stock at presfeels it can definitely ship com- ent is not trading. mercial ore, Poulsen said. A preOther officers of the liminary survey indicates 1,000 to include Dr. Armand J. company Eardley, 1,500 tons of surface ore. At present an additional explor- vice president and Dr. William ation and development program is Lee Stokes, director, both geology at the University of underway, he adds. The company professors plans to mine the outcropping ore Utah, Donald Mulliner is secrethis summer. tary treasurer and C. Walter A second phase of the summer Scott and Elmo Morgan are didevelopment program is the pro- rectors. All are from Salt Lake posed drilling of four oil wells in City. the Lloydminster oil field, Alberta, Canada, in which Resource Ventures holds an interest. The company also owns an interest in 12 producing wells in the Silverton, Colorado is the meetfield from which they expect an estimated $35,000 yearly from the ing place for the Colorado Plateau production. Section of the American Institute of A test well is now being conMining and Metallurgical Engiin on neers. gas properties templated the Alberta province in which ReThe annual summer meet will source Ventures owns a 50 percent interest. The company owns be held June 16 at the Grand Im32 sections on which one well has perial Hotel. 10 Silverton Meeting been drilled. Yellow Cat Uranium Co. is this week conducting a exploratory program on 41 uranium claims located in the Crooks Gap Mining district, Fremont county, Wyo. Walter K. Dastrup, secretary-treasuralso reports that the company recently acquired 10 uranium claims in the Yellow Cat district and 11 claims near Fruita, Colo, from Colorado buse, inessmen. Yellow Cat, a Utah corporation, has offices in 1229 Newhouse Hotel, Salt Lake City. President of the company is Ben Rankin. ONE DAY SERVICE ON will include, person- Speakers Poulsen urges stockholders of nel from Rico Argentine Mining New-Meor Utah Premier to exproperat the company of- Co., with stock change at Gold ties Rico, Colo.; King fices, 65 East 4th South, Salt Lake a of review Mine, geology, and City. a discussion of the uranium out-According to Mr. Poulsen, the company plans a public offering look by Page Edwards, Vanadium of stock, at $1 per share, within Corp. of America. x lead-silver-zi- p. Yellow Cat U. To Develop 41 Uranium Claims &e 9 URANIUM TUNGSTEN O RARE EARTHS o ANTIMONY o COLUBIUM o THORIUM o TANTALUM 24" x 38 BLUE LIZARD MINES, INC. MAP OF CANADA $3.00 Free list oi presently active nium Mining Co.s, over main and wildcat oil fields, 48 OIL" and URANIUM" 8 Ura- DATED and - CONVERTED SUBORDINATED DEBENTURES DUE May 1,1956 Mineral Surveys INVESTMENT ACKERSON-HACKET- T X-R- ay DA 701 Continental Bank Bldg. This method Established in Our Laboratory Since 1952 Graham DEASON and & Company Assay and Chemist 160 So. West Temple r ACKERSON-HACKET- T I INVESTMENT 701 Continental Bank Bldg., Salt Lake City, Utah Please send me the Offering Circular on Seaboard Securities I BLUE Washington, D. C. I Name ... LIZARD MINES, INC. Wagner Investment Co. New Orleans, La. Salt Lake City, Utah i MINERALS 5221 So. Major St. Address City INQUIRIES GIVEN IMMEDIATE ATTENTION REFINING CO. I 62 CO. I Pittsburgh. Pa. NICHOLS Salt Lake City 46 Spectograph ANALYSIS CO.. Underwriter 2120 College Ave. Regina, Sash. $10.00 May 1,1976 Offering circular may be obtained from the undersigned and such other Dealers or Brokers as may lawfully offer these Securities in this State. map One Element $3.00 Complete Analysis $100 Per Each Debenture 200 flags included. PHONE EL $900,000 NEW ISSUE OIL & URANIUM State P. O. Box 367 Murray, Utah PIIONE AMherst 31 Ke |