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Show Jane 15. 1956 Tke Western Mineral Survey, Salt Lake City. Utak Page 2 Editorial Mills Sign of Growth' Although 1955 was a banner year for processing capacity expansion, it will not compare with 1956 in the great upsurge of interest in building mills on the part of private industry. Allan E. Jones, manager of the Grand Junctions operations office of the Atomic Energy Commission, added this prediction to the list of optimistic outlooks for the uranium industry recently when he spoke to the Uranium Ore Producers Association. He bases his prediction on early movements by private industry. The first four months of this year brought the greatest profession of interest in uranium building ever experienced in As of this date we have ten formal the Grand Junction office mill proposals before us. Eight of these are for new mills and two are for expansion of existing mills. Several are in the final stage of negotiation. ... The present milling picture shows nine mills in operation through 1955. Five new contracts have been executed for new mills. Newest reports are that the Uranium Reduction mill at Moab will be completed in August. Rare Metals plant in Tuba City, Ariz. is nearing completion and the Mines Development mill at Edgemont, S. D. is on the way toward opening. With ore production increased in 1955 double the previous year and with 900 to 1000 mines now in production the needs for mills are increasing. Private industry, with the aid of the govem-i- s responding to the call. r Hie mills planned or in progress are another indication of the rapid growth of a healthy industry. On the increase are the ACCESS ROADS to important mining access roads d The advent of pri- states. western areas in the hard-to-buil- vate industry into the uranium field, and the cooperation with the AEC are pushing the de- velopment of this type of construction. - Roundup Report Private Industry Ups Uranium Output e high production record hundred thousand feet, which By DON WARE As private enterprise participa- for tons of uranium and concen- represents both the AEC and USGC drilling. tion in the domestic uranium raw trates. Road building projects, covermaterials program increased its Ore production in 1955 exceed this ing 150 miles, for 12 projects, cost drilling activities, the government ed anything achieved up till the Federal government expendiexthis in field, time. In processing, numerous reduced its activities tures of about two and half milaccording to recent reports from pansions of existing mills were An appropriation of dollars. lion the Denver Survey Bureau. completed last year and contracts has been refour million Private enterprise participation for five new uranium mills were nearly 1956 fiscal to conduct the ceived reached an unprecedented high signed. and will inroad program, in 1955, with expansion of its The uranium ore production year 23 clude projects totaling 327 activities in the fields of explor- curve continued upward again last year. The percentage of ura- miles in Arizona, Colorado, New ation, mining, and processng. PriUtah and Wyoming. vate industry and government nium ores purchased under con- Mexico, increased has AEC tract the Except for the government-owne- d by combined their forces to set an over the years. In September, operating mill in Monti-cellUtah, the uranium process1955, for example over 98 per cent of the ore purchased .by the ing mills operating in 1955 and four new mills are now in various AEC was under contract. drillIn 1955, private industry stages of construction. exed nearly five million feet in The administrative headquarThe ters of the AECs uranium raw ploring uranium deposits. Robert C. Pruess, of Grand government drilled less than five materials program in the western Junction, Colo., was elected to United States is located in Grand the board of directors of ContinThe Grand Junction GOLCONDA LEAD MINES Junction. ental Uranium, Inc. at the com- stockholders authorized decreas- Operations Office is divided into panys annual meeting in Chi- ing the par value of Golconda three programs, each handling cago. shares from $1 to 10 cents, reduc- various uranium projects. With the apparent growing inPruess has directed the com- ing the number of directors from to seven terest and in private uranium enterfive making the panys mining and field operations since he was appointed companys corporate life perpet- prise and the increased withDirectors were reported to drawal from the uranium indusgeneral manager in September, ual. have rejected a $550,000 offer to try by the government, private 1954. option the firms Lucky Friday uranium industrys future remains secure. Gerald, Willard and Joseph stock holdings. Gidwitz were reelected to the SUNSHINE has found oil in a board and Sidney M. Gunther, of well to its discovery Chicago, an attorney for the com- stepout WESTERN MINERAL well in Colorados Denver-Jules-burpany, was also elected to a first basin field. It declared a term as director. SURVEY all-tim- Uranium Industries Wins 513 Acres Navajo Land K. S. Mittry, Ft. Collins, Colo., president of Uranium Indus- tries, Inc., with headquarters in Grand Junction, announced last week that his company was the successful high bidder on 513.8 acres on the Navajo Reservation, Apache County, Ariz., for drilling and exploration, with automatic mining permits if requested. Mittry says the firm believes that this is a major step forward of exploration drilling toward having a second major pro- majority on the Temple Mountain propducer, along with Temple Mounerty has been completed, with tain property. only underground exploration and During the month of May, 1956 to be continued along production was at four hundred drifting tons, with average grade of ore with the production. ' shipped of 0.34 U308. Mittry states that with the This ore Is being shipped via known blocked-ou- t reserves at truck to Green River, Utah, and Temple Mountain and the very then by rail to Vitro Uranium promising new properties obtainCompany's processing mill at Salt ed, it looks as if Uranium InLake City. dustries, Inc. will be in the minIt was also announced that the ing business for a long time. Subscribe ul Interested In Uranium Activities? Wkc JJjh t? . . . Right now the circulation of the WESTERN MINERAL SURVEY is keeping pace with the uranium industry in general booming! Keep posted on latest news and quotations by reading the WESTERN MINERAL SURVEY regularly . . . every week. SUBSCRIBE NOW! I 421 Church St. - P.0. Box 2608 Sail Lake City, Utah , HEWS 431 - dBCDIATEOH Church Street Phone EM ADVERTISING Box 2608 EM Salt Lake Cltjr, Utah Entered aa aecond daao Butter at Salt Lake City, Utah, under Act ol March 3, 1879. Subscription rates: $8:00 for tvo yean; for one year. Please mention Western Mineral Surrey when writing to advertisers. Advertiser rates on application. $3.00 It Pays Dividends When You Drive Into JESS TUCKER, Manager V QAH, Complete Automotive Repairs, Automatic Transmissions, Carburetors, Ignition Work - STATE Remittance pint LORRAINI HARRT ; CITY quarterly dividend of 10 cents a At the meeting Continental share, payable June 30 to stockshareholders voted authorization holders of record June 1. for the issue of 4 million additional shares of stock to be used in acquiring further mining propAdvertise In The . . erties; voted a stock option plan for key employes and authorized WESTERN the borrowing of up to : $1 million for the construction of a uraMINERAL SURVEY nium processing mill near LaSal, Reach an Interested market! TUCKER'S AUTO SERVICE ; ADDRESS g years $5.00 Circulation Departments NAME Pruess Elected To Continental Utah. 2 year $3.00 o, ALL WORK GUARANTEED -- 21 East 13th South Bill me later Phone HU SALT LAKE CITY, UTAH 4-79- 61 B. MILLER Publisher F. CRITCHLOW L. M. HII.Ii ..Editor Contributing Editor AU news appeariur in the Western Mineral Surrey la obtained from sources believed to be reliable but no responsibility la assumed for accuracy of statements. Reproduction of any material from his publication must hare written permission from the publisher. |