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Show loir 27. Ike 1956 Page 3 Western Mineral Survey, Sail Lake City, Utah HollyReportsHugeOre Air View Showing Location of Charley Steins Mia Vida Mine Body In New Mexico New Mexico Survey Bureau Discovery of a uranium ore body estimated to contain more than 50,000 tons of good grade ore has been reported by Holly Minerals Corp. and Phillips Petroleum Co., which are working two sections in the Ambrosia Lake region of northern New Mexico as a joint venture. The joint announcement this week marks the first official notice by Phillips Petroleum of the firms entry into the uranium business in New Mexico. Cataract Takes Over Dallas Gas, Oil Firm S. B. Harris, Jr., chairman of the Holly board of directors, reported that more than 100,000 feet of drilling has been completed by the two companies on Section in McKinley County and the ore body has not yet been completely outlined. Seven rigs are being used on the drilling operation. Concentrated drilling thus far has been confined to Section 28, but the companies also are exploring Section 34 in the same township. Harris said that preliminary drilling has revealed the presence of uranium mineralization on Section 34. Present plans call for extensive drilling of that section after the ore on Section 28 is blockW Cataract Mining Corporation of New York has acquired the assets of System Oil & Gas Corp. of Dallas, Texas, J. Roger Wallace, president of Cataract and David. Schlacter, president of System Oil announced today. The assets of System Oil & Gas Corp. consist of 7 oil wells located in East Sherman Field, Grayson County, Texas, with a total monthly income of $3,500 and estimated reserves of 180,000 barrels of oil. In addition to the oil wells, ed out Systems assets consist of 4,300 Harris said that the Section 28 acres of natural gas properties in ore is around 700 feet bewestern Kentucky with engi- low body the and Indications neered reserves of 30 billion1 cubic are that itsurface will average about 10 feet of natural gas. The price feet in thickness, the firms anpaid in this area is 18c per thous- nouncement said. and. The acreage offsets 90,000 acres Bidstofor the construction of a mine the ore are to be which are the property of United shaft considered in the very near fuFuels & Columbia Gas, where a ture. 4,500 foot test will be drilled Holly and Phillips leased the shortly. claims on the two sections from Ranchers Exploration and Development Corp. Phillips, the opera -- tor of the property, holds 75 per cent and Holly 25 per cent of the working interest. Holly has been' one of the mos active of the firms operating in Carter Oil company plans to Mexico. In addition to- the drill a 6,000-foo-t Wildcat well in New southeastern Utah according to new discovery with Phillips, word received from the com- Holly now is operating three mines ' in the Grants area, the panys Denver office. Location for the wildcat test Beacon Hill, Mesa Top and Fla' is in the southern part of the Top Mines. The firm has abandoned one Paradox basin in southeastern other uranium mine in the state Utah. The company is currently., and farmed out two others to building roads prior to drilling other operators. operations. The test site is about one mile .In addition to its Uranium insouth of Bluff, Utah, and approx- terests, Holly has copper mines in imately 17 miles west of the Mexico, asbestos mines in Arizona and Mercury mines in Idaho. Aneth oil field. , Carter To Sink Wildcat Well - . STEEN PLANS fourth annual celebration of discovery of Mi Vida. He will host a party Therell Be A Hot Time . . . Steen to Entertain illloab Saturday d The Uranium Capital of the World, Moab, Utah, is preparing to celebrate its status as a mining center Saturday, July 28, when Charles A. Steen, its number one citizen, throws the fourth annual Utex Exploration Co. discovery party at the Grand County airport. More than 6,000 guests are expected to attend. self-style- friendship and support given Steen by Moab residents as well as follow workers. The affair in cludes a barbeque dinner, stage show, fireworks, and dancing to the music of Clyde McCoy. : The community-wid- e uranium festival promises to be almost as exciting as the Steen party. On schedule are parades, two street In addition to the Steen party, dances, mining contests, street he dty itself is planning a Moab booths and other entertainment. Uranium Festival August under the sponsorship of the Mining companies and local Grand County Chamber of Com17-1- 8 business houses have been invited to sponsor girls for Uranium Queen and to enter floats in the parade. Details of the mining contests are not yet complete, but one of the events will probably be a contest in which two teams of two men compete to see which can load an ore car faster. All In all, the two events promise a lost of excitement for citizens of the Uranium Capital. merce. The annual Steen spread in lonor of the . discovery that launched him in the uranium business is held in appreciation of the The WESTERN MINERAL SURVEY is Expanding Its Classified Ad Section CLASSIFIED ADS One of the larger Independent Rocky Mountain Oil Producers of an estimated 6,000 kiosb residents, ROYALTIES AND LEASES 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 DO Co., First National Bank Build- ing, Tulsa, Gibson 'h Phone Oklahoma, An OPPORTUNITY For Seller To Get Together Buyer-- & . - V s For QUICK RESULTS ECONOMICAL RATES IMMEDIATE ATTENTION PRICE SALE Brand Nejv WHITE OR CAU SCINTILLATORS REG. REG. 495.00 Model 1I1B... 8249 299.50 Model 117... 149.75 GEIGER COUNTERS 149.59 Model 1070 REG. REG. 189.50 Model 107B... REG. 595.59 Model 196 75 69.50 49.50 SNOOPER Phone EMpire Utah Oil Building REG. 2495 S29.95 4-56- 69 Salt Lake City Sears Roebuck & Co. 754 So. State - Salt Lake City WESTERN MINERAL SURVEY - Advertising Dept. P. O. Box 2608 Salt Lake City I, Utah PHONE. EMpire 4-36- 40 |
