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Show The Western Mineral Page 4 Sumy. Jsne 15, 1956 Salt Lake City, Utah Mechanical Burros Speed Ore Race 9 .Two new uranium strikes and other favorable news considerably Improved the mining outlook for Issues traded locally. But volume nd prices continued at low ebb and left members of the Spokane Stock Exchange wondering when the public is going to wake up to the available bargains. One of the ore strikes was made by SILVER DOLLAR Mining Company, which has been doggedly carrying on a hunt for uranium despite little initial luck. At the firms recently acquired Fry mesa claims, 50 miles west of Blanding, Utah, two drill comholes indicated good-grad- e mercial ore at about 120 feet in the Shinarump. At the WESTERN INCREASED POWER, PRODUCTION burros now in use on many Colorado Plateau sites are one of the many new mechanical inventions now hitting the equipment market. The versatile Scoot Crete ore carrier Me-chani- cal use to operate for without rails, ties or external power sources. The mechanism is now at work in Montana, Colorado, New Mexico, Utah and South Dakota. is diesel-powere- in-mi- ne d Garcia Reports Changes In Mine Operations In M. All. New Mexico Bureau A number of mine registrations, including three coal mines and two changes in operation of uranium mines, have been reported by New Mexico Mining Inspector John Garcia at Albuquerque. The coal mining registrations tion Colfax County, is are: being operated by William Mill-iroSunset Coal Co., headed by Steve Vukovich, is operating in New Yankee No. 4, Section Section Colfax Counoperated by Valentine ty. Maschio. The Frank No. 2 Mine, in Sec- n. E, The Brodduc Co. of Albuquerque is reactivating the Last Chance uranium mine in Section of Valencia County. The open pit mine formerly was operated by the Skidmore Mining Co. of Dove Creek, Colo. NEW ISSUE URANIUM CORPORATION Offering 16,500,000 Shares Non Assessable of Common Stock - PAR VALUE OFFERING PRICE ly in the exploratory stage. This is neithei an offer nor a solicitation. Sales are made only through the Offering Circular. 512 Atlas Building Salt Lake City, Utah MELVIN Place 6. FLEGAL & CO. 26 West Broadway Salt Lake City, Utah Please send me a copy of yonr City ing, Tulsa, Gibson DAVID UTAH GENERAL SECURITIES 306 Ness Building Salt Lake City, Utah : : State YOU Oklahoma, ( the-numb- ot The WESTERN MINERAL SURVEY is Expanding Its Classified Ad Section An OPPORTUNITY For Buyer & Seller To Get Together For O QUICK RESULTS ECONOMICAL o RATES IMMEDIATE ATTENTION WRITE OR CALL Phone WESTERN MINERAL SURVEY Salt Lake City, Utah FREMONT Offering Circular. Name Address WANT good mining properties? Then call or write us. We have a long list of satisfied customers. United Uranium DO Co., First National Bank Build- INCORPORATED opening of No. 10 level. Stock- holders will vote June 22 on reducing par value of Mascot shares from 35c to YlVzc to increase of shares from 1,750,000 to 3,500,000. This will enable the firm to seek additional capital to expand its activities.' It has extensive holdings in northeastern Washingtons uranium fields. . FOR LEASE OR SALE POTTER INVESTMENT CO. 364 South State St. Salt Lake City, Utah 39 Exchange want. We perhaps have it. United Uranium Co., First Na--, tional Bank Building, Tulsa, Oklahoma, Phone Gibson MAY RE 0RTAINED FROM: WESTERN INVEST. CO. CASHIN OIL AND GAS property is our second name. Tell us what you additional development at the Little Pittsburg mine near Kellogg, Idaho. It is believed that production can be resumed with 13,-67- CLASSIFIED ADS ROYALTIES AND LEASES MASCOT MINES directors now feel that lead-zin- c prices justify LUCKY FRIDAY reported 1955 SILVER net income of $254,226 from net LEAD smelter returns of $913,058. CurSQUARE DEAL URANIUM MINES Phoenix group rent assets at years end were in San Juan Countys Big In- $533,063 and current liabilities, dian District, two holes 400 feet $129,712. thick apart have cut a three-foo- t PEND OREILLE MINES is doore bed. The finds were made at depths of about 550 feet. Sev- ing rotary drilling preparatory to incline eral holes drilled last year on the extending its 4000-foo- t 2500 this feet an additional shaft same property were negative. It beis Current production goes to show that persistence is year. tons 1500 2400 tween and daily. a prime requisite in mineral exploration. DAYBREAK URANIUM exGLADSTONE officials are ex- pects to have a third producing In partnership pected to soon confirm rumors of property soon. Yukon Oils, Ltd., it plans a strike of highgrade lead at the with drilled by Kit bodies to ore mine Stevens County property. in the Mt. SpoCarson Uranium SIDNEY officials are encour- kane district. Daybreak is awaitaged by a stringer zone encount- ing returns on an initial five cars ered on the footwall of the Sidney of uraninite shipped from its vein on the new 2300 level and Lowley lease on the Spokane Ineagerly await opening of the main dian Reservation. Meanwhile, it vein anticipated within the next expects to ship an additional 20 few rounds. Structural conditions cars of autunite ore from its are said to be more favorable Dahl lease in the Mt. Spokane than on the 1200 level above . . . area. In the 12 months ended FebThe company has been making a ruary 29, it mined 4444 tons of ore mine for Dahl open-pi- t profit of nearly $25,000 monthly from the of of ore Sale a return $125,751. since production was resumed Opin $3197. February 20 after a long strike. specimens brought before was $55,798 Net smelter returns to June 1 erating profit were $313,000 and net income depletion, taxes and exploration $71,500 before depletion and de- costs, and net profit was $6023. 6 BIG SMOKE URANIUM is preciation. Production totaled tons averaging nearly 5 per awaiting returns from a trial cent lead, nearly 10 per cent zinc shipment of uraninite ore from and 2 ounces of silver to the ton. its property on the Spokane InThe Sidney-Mascjoint uranium dian Reservation. Co. The company holds unpatented mining claims located in Fremont and Sweetwater Counties, Wyoming, and Daggett County, Utah. The Subway claims are located in the Crooks Gap, Green Mountain area, Fremont County, Wyoming. The company is acquiring additional unpatented claims located in Sweetwater County, Wyoming. The corporation is in the mining business and is present- AN OFFERINGCIRCULAR The Umino Co. of Texas has taken over operation of the Lucky Don mine in Socorro County. The mine was originally opened by Holly Minerals Co. and theh leased to the Three Bears Mining venture in San Juan County, Utah, has received an initial shipping contract for 300 tons. H. CROCKETT Consulting Geologist 109 LESLIE AVE. PHONE HUnter Salt Lake City, Utah - P. O. Box 2608 Advertising Dept. Salt Lake City I, Utah PHONE EMpire 4-36- 40 |