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Show r r U ',y)ct Y I'X 0 ignificance in The Oil and Wining Wctld" fttcM The Westera Mineral V.L 27; M. 22 Sumy, Salt Lake July 27. 1956 City, Utah 1 CcrtaractAcq esVast Proposed Line to Carry Oil 350 Miles Four Corners To Lake from Area Salt In Australia Holdings I The Rich Uranium Company of DALLAS, Texas, July 25 this city and Darwin, Australia, announced today the signing of a contract with Cataract Mining Corp. of New York City under - the terms of which the latter company becomes the largest single foreign mining concession holder in Australia. A $15 million crude oil and products line direct to Salt Lake D I I Jll IVwU U III t- City from the Four Comers area will be constructed by a subsidiary of Pacific Northwest Pipeline Corp. Will! 19 WG S 01 In Montana I 11 11 Jranium and J. Roger Wallace, president of Cataract Mining i Recj Hill Uranium Corp. has announced a vast expansion pro- Corp. which includes the acqui-'. The concession Is approximate- - gram U(m o w producing 0ll weUs losize acres is in and 280,000 y in Montana and the construc-cate- d in the "outback area of the tion of a uranium ore processing mill in Bedrock, Colorado. Northern Territory. Officers For Grand Junction Two recent appointments at the Grand Junction Operations Office of the U. S. Atomic Energy Commission include a. chief of the Audit Branch in the Finance Division, and an attorney on the staff of the Assistant General Counsel, it was announced by Allan E. Jones, . manager of the Grand Junction office. - - Thurman E. Jackson, of the Audit Branch, with the Commission years, serving as staff new chief has been over five auditor at Mexico New Los Alamos, and as auditor in charge at the Rocky ? m c, min-roa- d . long-rangevpl- increas-assayin- g Flats, Colorado office, before coming to Grand Junction. A native of Kansas, Mr. Jack-sohas a Master of Business Administration degree from the University of Denver. During World War II, be was a fighter pilot in the South Pacific area. Married and. the father of one daughter, Combined Uranium Development Mr. Jackson lives at 1836 Chipeta under a ten year contract. Avenue in Grand Junction. All uranium production must be Eston - B. Stephenson, on the to the combined agency. The sold staff of the Assistant General of uranium oxide Counsel; has more than 18 years first shipment of legal experience, including 12 from Rum Jungle, valued at $500,years with the office, of the at- 000 was made in the Fall of 1955. torney general of West Virginia, Production has been steadily inJ that since date and over three years with AEC at creasing ! the Oak Ridge Operations Office con-new Cataract Ore the from and the Portsmouth, Ohio, area ofto the cession will, be shipped fice., Rum Jungle concentrating and He is a native of Charleston, treatment mill for processing into West Virginia, and a graduate in oxide, a 10. mile haul by law from the University of Vir rail or truck. The Rum Jungle ginia Law School. He served two mills are the only such facilities years in the navy in the South presently operating in "Australia, Pacific. Mr. Stephenson is mar- although another fadlity at Raried and the father of a son; 16, dium Hill is under Construction. and a daughter, 12. The StephenIn outlining plans for the rapid sons reside at 1424 Rood Avenue ex-ensio- . I . Northwest Pipeline Corp. will construct the new lines from the oil fields of southeastern Utah and northwestern New Mexico and the gas plant in southwestern Colorado. The pipeline will transport crude oil now being developed in the Four Comers area to refineries in Salt Lal City. The announcement confirms recent reports from the tremendous Aneth oil field in Utah and the Bisti fields in New Mexico that either refineries must be built in the Four Corners area, or crude oil must be piped to a Kerr-McGForms refinery center. In addition to carrying crude oil Company To Mine to refineries in Salt Lake, the pipeline will also carry products At Ambrosia Lake produced by Pacifics Ignacio, Colorado gasoline plant. Pacific Northwest officials said New Mexico Survey Bureau that initial capacity of the eight-ince Oil Industries, Inc line will be 15,000 barrels have two firms other and per day. Cost of the pipeline sysnounced the formation of a new tem, including pump stations and facilities along the company to mine uranium ore in storage route to Salt Lake is estithe Ambrosia Lake region of mated at $18 million by Fish EngiNew Mexico. v neering Corp., designers of Pa.v.' r .' cifics natural gas line. The new company, Kermac NuThe new line, which will come clear Fuels Corp., will develop an directly into the refining centers area held by the three firms, n Salt Lake City, will originate Kerr - McGee, Pacific Uranium at Pacifics Ignacio gasoline plant Mines Co. of Los Angeles, and south of Durango, Colo. of the new line will Anderson Development Corp., Ale constructed on Pacifics exist-n- g buquerque, N.M. officials said, Dean A. McGee, president of and the line itself is a logical exsaid that an estimat- pansion of Pacific Northwests ed five millions tons of mineable current operations in the area. ore reserves have been discover(See PIPELINE Page 2) ed on the properties. Negotiations have been started by the three companies with the Atomic Energy Commission for construction of a mill in the Ambrosia Lake area to process the ee president Jack TurNorthern boundary of the con- the announce made cession lies only seven miles from ner, Moab, MondlJ he massive Rum Jungle produc- - vatedto complete control of the ng uranium mines and concen- - company last w,pek in Los Angetrating mills, and approximately les 60 miles from the deep water He is one of the men who port city of Darwin. The conces- struck it rich in the early days uranium prospecting and sion Is bisected by main line rail- ' and highway facilities. call for. a Surface " finds4 of 'uranium 'vore Company .plans of steadily between 3 and 8 percent jng already large mineral and J308 by the Kamon Petroleum oil holdings. In the future, Red Explorations group of Cisco, Tex. Hill will act as avoiding com-la- s given geological confirmation pany. to the company that a; major of the Rum Jungle strike the company will be leased to mine operators and oil companies, The Rum Jungle mines and Turner said, treatment mills whlctf produce The company already ha. AEC uranltun oxide, were Jointly It for the construction of nanced by the AnjtoAmertaui Lapproval miu at Bedrock. proJect I ,, owned Atomlc Puel, Extrac-Agenc- y tion Corp o which Turner is President. Work on the mill n soon accordinS to h Kerr-McGe- 350-mi- le s i - - One-thir- d right-of-wa- y, Kerr-McGe- e, Turner' Red Hill attorney, John Black, ore, McGee said. Pocatello, has begun negotiations of 'oil lease property. The agreement "creates a strong which we believe has organization Red Hills present holdings in- sufficient proven uranium ore redude 1,200 acres in Mexico, 480 serves and potentially productive acres in the Red Canyon area of acreage to become one of the the Colorado Plateau, and 2,400 largest mining and milling com acres in the center of the panies in the nation, McGee nium belt in Colorado, - ura-uraniu- m Rangely Wells i A Nevada Corp. San Antonio, Texas A new corporation, to be known as the Balcones Corp. of Nevada, was organized by the Balcones Corp. it was announced by Col. James E. Duke, president. The Balcones dollar Corp. is a multi-millio- n San Antonio oil, exploration and Col. Ted Enter and Jack Turner discuss Red Hill Expansion Program. Balcone Corp. new acquisition, Mr. Wallace stated that Cataract' .would immediately commence an extensive drilling program to outline the extent of their first uranium ore mining operation, on sites already determined, prior to . the beginning of the monsoon rainy season A production limit has been set in November. . bn the 476 oil wells in Uie RangeMr. Wallace also stoted that ly field in northwest Colorado by the company anticipated first the Colorado State Oil and Gas shipments of uranium ore from Conservation Commission. the Cataract concession to the Limit for each well is 300 bar- Rum Jungle concentrating and rels per day. Six hundred cubic treatment mills would be made feet of gas can be used to pres- shortly after the start of the "dry sure each barrel to the surface. season in March, 1957. Balcones Forms mining firm. The new corporation, a wholly owned subsidiary of Balcones, will function as a mining and milling company, operating an unusually rich tungsten mine near Ely, Nevada and other properties. Balconies recently acquired full control of these properties and the new corporation was formed to operate the mine and expand other activities in that area. Duke said the mine has already begun shipping ore. Also underway by Balcones of Nevada is the negotiation for purchase of a floatation mill for milling tungsten ores. Grover C. Ridgeway was named as regional field superintendent for the new corporation and it will have the same officers and directors as the development of the companys Colorado Limits d 350-mil- e , AEC Appoints newly-forme- |