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Show June 22, 1956 The Western Mineral Survey, Salt Lake City, Utah Page 2 ORGANIZATION OP URANIUM INSTITUTI OP AMIRJCA Guest Editorial Too Few Prospectors! Editors Note: Fast are the gelger counter toting, disappearing1 prospectors which were an early tradejeep riding mark of the uranium industry. Vernon Hughes, one of the original discovers of the famous Gas Hills Uranium area in Wyoming tells his views on the role of the prospector now and in the future. happy-go-luck- y Vern RIVERTON, Wyoming UraShoni of President Hughes, Wyonium Corporation, Riverton, ming, said this week that the current decline in prospecting is serious to our defense effort. Shoni Uranium Corporation just launched a $50,400 DMEA sponsored drilling program this past week, in the Gas Hills of central Wyoming, near Riverton. Russia and Red China are puting forth the most intensive prospecting effort the world has ever seen, for all strategic minerals, and Russia is slyly trying to grab Middle East oil, in an effort to expand their strength to attempt world conquest," said Hughes. In the face of all this, we muddle along allowing periods of vicious adverse publicity, possibly communist inspired in part, to affect the fickle public whim and give Americans roller coaster attitudes toward prospecting." Since the reported sizes of Russias airforce and submarine fleet indicate we will be unable to import minerals from foreign suppliers, it should be apparent to all that prospecting for supplies of scarce minerals domestically is vital to Americas defense", said Hughes, who person ally prospected and located the Gas Hills properties now owned by his corporation. Hughes said further, It is a well known fact in the mining industry that the individual prospectors and the little mining companies have more than carried their weight in discoveries and initial exploraton, and that these smaller groups often deserve and need public support is also well known. I believe this public support may well rank with the recruiting programs of the armed forces in overall importance to defense", said Hughes, Most suppliers of prospecting equipment and radiation instruments, that I know, report a marked decline in sales so far this year", said Hughes, which I believe can be explained in part by my theory that many of the people who went into prospecting in 1954 and 1955 have dropped out because they found nothing while those that found something are busy seeking public backing andor conducting some exploration to see what they have". What we need in this country is a brand new crop of prospectors! Arkansas Injects Water For More Oil At least one experimental project should be started in the Buckrange Reservoir of Arkansas Stephans oil field in efforts to increase recovery of petroleum, the Bureau of Mines reported today. The report was made after an engineering study was conducted in cooperation with the Arkansas Oil and Gas Commission and operators of Buckrange wells. A technical report just released by the Bureau says that annual output of the Buckrange area dropped from a peak of 875,000 barrels in 1924 to 182,000 barrels in 1954 and continue to decline. Total production since the first water-floodin- g well was completed in 1922 is less than 10 million barrels, whereas original reserves were estimated at 126 million barrels. years to the areas life and lead to eventual recovery of almost twice the oil that can be produced profitably by present methods, Bureau engineers be26 lieve. The only real test of the Buck-rang- e Reservoirs suitability for waterflooding would be an actual field operation of this method of secondary recovery, the Bureaus report explains. . Interested In Uranium Activities? Wh Ml? Right now the circulation of the WESTERN MINERAL SURVEY is keeping pace with the uranium industry in general boamingl Keep posted on latest news and quotations by reading the WESTERN MINERAL SURVEY regularly . . . every week. year SUBSCRIBE NOW! ' 2 years $5.00 $3.00 I Circulation Departments 421 Church S. - P.0. Box 2608 Salt Lake City. Utah NAME ADDRESS CITY! Remittance REPRESENTATION FOR EVERY FACET This is the goal of Uranium Institute of America under Admiral R.WJ). Woods, president. The organization, he said provides a well defined function effort for every person in the industry. A membership drive is being conducted during July and August. WESTERN MINERAL Stauffer Buys Phosphate Leader, Supplier Interest SURVEY LOIMAINI PIUS New York Stauffer Chemical The acquisition of 50 per cent NEWS - CIRCULATIOH Co. announces it has purchased a ownership in San Francisco ChemPhone EM 50 per cent interest in the San ical reflects Stauffers interest in 431 Chnrch Street Francisco Chemical Co. from its the long-terof future phosADVERTISING parent, The Mountain Copper phorus chemistry. Box 2608 XU The growth curve of phosCo., Ltd. of London, England. Belt Lake City, Utah San Francisco Chemical, one of phorous consumption in deterSintered eeeond dm nutter it Silt the pioneer mining concerns in gents, insecti- Lake City, uUtah, under Act of March 3, the Rocky Mountain area, is a cides and foods has been ex- 1879. Subscription ratee: 95:00 for two yean; major western producer of phos- traordinary during the past dec- 93X0 for one year. Surade and the company envisions a Flaaae mention Western Mineral Adnr-Ualnphate rock. writlnr to advertisers. During the past several years continued and diversified growth rey when ratee on application. it has been Stauffers primary pattern. supplier of phosphate rock. Moreover, the addition of minPnhUaher At present, San Francisco ing resources to Stauffers com- HARRT B. VTT.T.vm Chemical Co. operates its own plement of chemical experience, GAIL F. GBXTCHLOW Xdltor mine at Montpelier, Idaho. It also furthers the companys vertical L. M. BXUi Contributing Editor claim in integration and basic structure. mines a Stauffer-owneSouthwestern Wyoming and has AH newa appearing In the Western Mineral Surrey Is obtained from sources conducted an extensive develophollered to he reliable but no responsibilment program on Stauffer claims ity la assumed for accuracy of statements. Reproduction of any material from this and leases near Hot Springs, Ida. publication must hare written permission The Hot Springs work has alfrom the publisher. ready proved up large reserves of Commercial grade phosphate The Radon uranium mines venrock. Other promising deposits QUARTZ DEPOSITS are leased by San Francisco Chem- ture of Hecla Mining Co. brought WANTED ical in Utahs Crawford Moun- in a $200,300' net operating in1956 tains. the first half of come, for Large Tonnages San Francisco currently supplies the company announced this week. to Lease Gross income of the company Stauffers phosor Buy Tonnage phosphate rock Si02 phate fertilizer plants at Tacoma, will be $508,800 for Radon, Requirements: 99.2Wash.; Richmond, Calif.; and Ver- Bunker Hill Co. and miscellanLow Iron & Aluminum non (Los Angeles), Calif. eous sources, according to John R. The Vernon plant, in addition Matthews, secretary-treasure- r of WEST-CLA- Y, to superphosphates, also is now the company. CHARLES H. HUFFMAN producing pelleted complete plant The Radon mines are managed 2923 Kelton Avenue foods, by a new Stauffer-develope- d by Hecla and jointly owned by Los Angeles 64, California process. Phosphate rock from RadoRock Resources, Inc., an afSan Francisco Chemicals opera- filiate of Federal Uranium Corp. tions is also sold to Western Phosphates Inc. at Garfield, Utah. This company, 50 per cent owned by Stauffer, manufacturers phosphoric acid, treble superphosphate and ammonium phosphate. Announces a change of its Engineering and Field Personnel The Corporation has entered into a negotiation to acquire m 4-3- organo-phosphate- s, ' y d Use of a suitable brine to force oil to wells from which it can be pumped to the surface would add Subscribe I INDUSTRY AND PUBLIC ! STATE D 1 Bill me later Hecla Notes 56 Gain On Radon - Inc. U.N. Beryllium Corporation Muir, Dumke And Light Asks OK To Join Brokers A Very Promising Piece of Beryllium Property Located in Colorado which is now under an Engineering investigation WITH EVIDENCE TO DATE SHOWING BERYLLIUM Further information will be given in a Stockholders' Letter which is now being prepared A Salt Lake brokerage this week is being absorbed by a nine-cit- U. N. BERYLLIUM CORPORATION y California operations comSchwabacher & Co. pany The negotiation awaits approval of the New York Stock Exchange of which Muir, Dumke and Light, the Salt Lake firm, is a member. The deal, if okehed, becomes effective July 16. Muir, Dumke and Light will then become the Salt Lake office for Schwabacher & Co., one of the wests leading financial businesses. This is the first time Schwabacher has moved into business centers outside Notice to Universal Uranium and Milling Corporation Stockholders The merger between Universal Uranium and Milling Corp. and Little Star Uranium Co. has now been voted upon and approved by the stockholders of both companies. The exchange of stock will be one share for one share, with Little Star being the surviving Company. All stockholders are urged to mail in their certificates as soon as possible to: CENTRAL BANK AND TRUST COMPANY 15th and Arapahoe Denver, Colorado |