| OCR Text |
Show Page I July 13. 1956 The Western Mineral Survey. Salt Lake City. Utah MOABS P. O. BOOMS Sundown Ore May Hit$160,000 Value Company Plans To Mine Red Canyon Strike Area Armstrong Names New York Exec. Chairman J. Sinclair Armstrong of the Securities and Exchange Commission today announced to, day the appointment by the Commission of Daniel J. McCauley, Jr., of Philadelphia, Pa., as Acting Regional Administrator of the Commissions New York Regional Office. Mr. McCauley succeeds James C. Sargent who took office as a Member-of the Commission. McCauley has been serving as Regional Administrator of the Commissions Washington, D. C., Regional Office since Mar. 19, 1956, and will continue to serve in this capacity while acting in New York. He was born in Philadelphia in 1917, and holds degrees of Bachelor of Science from LaSalle College, Philadelphia, and Bachelor of Laws from the University of Pennsylvania Law School. He was Sundown Mining Co. this week received word that ore on their Little Red Canyon properties has estimated value of $160,-00- 0 and Could exceed a million dollars worth of ore." Samples of the ore assay at 1.73 per cent with average estimated at .50 per cent. This announcement was made today by Robert Crail, president. . The company is now making application for a permit preparatory to mining, Crail said. Sundowns properties are six unpatented mining claims on the ' east rim of the Kaipariwitz Pla- teau at the head of Little Red Canyon, Township 41 South, erties adjoin lands owned by Range 6 East, Kane County, Utah.- Dean Hughes, Green River, Utah; According to Crail, the prop- Almico of Grand Junction and Mid-Contine- Uranium Co. nt Crail gave the estimated figures after surveying a preliminary geological report prepared by Roy Jone and Associates, geological and mining consultants, Grand Junction, Colo. Jones report reads, in part: Shattuck-Den- n Plans For Las Lumas Mill New Mexico Bureau Selected samples admitted to the Pennsylvania bar Shattuck Denn Mining Co. of- assayed' at 1.73 per in 1941. ficials in Albuquerque, N.M., have The minimum grade confirmed reports that an applica- .92 per 'cent U308. Anaconda Replaces Grants Manager New Mexico Bureau Albert J. Fitch has been promoted to manager of the Anaconda Co.s uranium mine and mill at Grants, N.M., replacing John B. Knaebel. Knaebel, who has been in charge of the firms New Mexico operations since 1951, has been appointed assistant to the president in charge of mining operations and transferred to New York. Under Knaebel, the company's famous Jackpile mine was discovered, explored and developed. tion has been submitted to the AEC for construction and operation of a uranium processing mill at Las Lumas, NM. AEC officials said the proposal now is being studied by the Grand Junction, Colo., operations office. George A. Warner, manager of the Albuquerque office of the mining company, commented that were just sitting and sweating it out now. He added that the firm has received no word from, the AEC since the application was submitted more than a month ago. Warner declined to release, any information on the plans for the mill until the AEC has approved the project. foeer Trail ffiiHeA A Utah Corporation of Marysvale, Utah chemically cent U308. sample was It is con- servatively estimated that the mineralization will average ap proximately .50 per cent. The depth of the outcropping is not known and it could be expected to extend approximately 200 to 300 feet. A conservative estimate of the value of the ore exposed and subject to present observation, without drilling or other verifi- cation, is estimated to be $160,000. The potential of the property could exceed a million dollars worth of ore. In addition, Crail said, there is a second ore horizon at a depth of approximately 75 feet. Geologist Jones concluded his report recommending a strip mining operation for the top ore horizon. He said very little stripping will be necessary before mining and shipping operations can commence. Jozies adds that a drilling program should be conducted on the second ore horizon to determine the extent of mineralization. Sundown incorporated for as a Utah corporation. BUSTING? Here is the new Moab post office building subsidiary offffce building which now does $40,000 business. Previous post office was small town item until boom roared in . . . caused first class p. o. to be built. Vitro Designs East's First A-Pow- er Plant In N. Y. YORK Vitro Engineering Division has received contracts from both Consolidated Edison Co. of N. Y. and the Babcock & Wilcox Company covering design and engineering for n major portions of the new NEW Vitro also has a from The Babcock &' Wilcox Company to perform architectengineering and design for the sub-contra- reactor building ct and building services. Babcock & Wilcox is designing andjvill construct (the nuclear power plant at reactor, the nuclear containment Indian Point, N. Y. and fuel element handling sysThis plant will have the first tems, and the process and auxnuclear reactor to furnish elec- iliary systems. The nuclear power plant at tric power to Westchester CounYork New will and and Indian Point is expected to cost City, ty privately-finance- d be the first full-scal- e $55,000,000 and furnish 236,000 nuclear plant anywhere. kilowatts of electricity by May Announcement of the contracts 1, 1960. was made by Richard A. North, The reactor will be of the of Vitro Engi- pressurized water type, using general manager neering. highly enriched uranium as a Vitro will perform design and base fuel and thorium as a ferdrafting services for Con Edison tile material. The addition of an d on the conventional equipment superheater will yield section of the Indian Point in- 96,000 kilowatts of electrical caCon-Ediso- oil-fire- stallation, being responsible for the preparation of construction drawings required to install the superheater, turbine generator, condenser, feed water, and other conventional equipment. pacity out of the total plant capacity of 236,000 kilowatts. The new plant will be situated 24 miles north of New York City, on 350 acres on the Hudson River. $1,-000,0- 00 offering 604,044 shares of its Common Stock of 30c per share par value at 30c per Is Secretary and treasurer of the company is H. M. Scheurn. I share. The corporation's property includes the following: (1) Over 100 patented lode mining claims (2) Over 200 nnpatented lode mining claims (3) (4) CLASSIFIED ADS ROYALTIES AND LEASES Mineral rights in 240 acres Surface rights in 207 acres All claims and properties are located near Marysvale, Utah, in Sevier and Piute Counties. Properties have produced commercial ores but are still in an exploratory stage of development Principal production has been lead, silver and gold. Extensive exploration work is in progress. All proceeds from sale of stock will be used in the present exploration projects. A report of the corporation's history and present financial condition may be obtained by writing DEER TRAIL MINES, Box 167, Marysvale, Utah. No stock offered by the Corporation can be sold to other than bona fide residents of the State of Utah. Orders for stock axe restricted to a minimum of 1,000 shares. If interested in purchasing inquire at DEER TRAIL MINES OIL AND GAS property is our second name. Tell us what you want. We perhaps have it. United Uranium Co., First National Bank Building, Tulsa, Oklahoma, Phone Gibson FOR LEASE OR SALE YOU WANT good mining properties? Then call or write us. We have a long list of satisfied customers. United Uranium Co., First National Banjc Build- ing, Tulsa, Gibson Oklahoma, ' Phone Vi PRICE SALE Buyer & Seller To Get Together For QUICK RESULTS ECONOMICAL RATES IMMEDIATE ATTENTION SCINTILLATORS GEIGER COUNTERS PLEASE SEND ME TOUR LATEST STOCKHOLDERS REPORT WESTERN MINERAL SURVEY - P. O. Box 2608 Advertising Dept. Salt Lake City I, Utah name ADDRESS CITY An OPPORTUNITY For WRITE OR CALL BEG. S495.00 Model 1UB .. S249 BEG. $299.60 Model 117 ... $149.78 Marysvale, Utah ' is Expanding Its Classified Ad Section DO Brand New Bra 167 The WESTERN MINERAL SURVEY : PHONE - Sears Roebuck & Co. 754 So. Slate - Salt Lake City PHONE EMpire 4-36- 40 |
