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Show Pare HIE WESTERN MINERAL SURVEY 4 Oil -- Gas Well Discoveries in 24-Ho- iUinmy Period Makes Record ur A record number of new oil and in the southeast Aneth or McElmo gas wells drilling locations were Creek of this county with the 3, being lofiled in a period with the Navajo Tract 114-N660 feet from the north line Utah Oil and Gas Conservation cated Commission, the agency reported and 660 feet from the west line Section 17, Township 41 South Tuesday. sevand Range 25 East. The list of seven contained eral important new wildcat tests. Sperior pegged a step out northveneast from East Desert Creek pool Carter Oil Co. launched a ture in the Tohonadle pool area in its E-- Navajo at 530 feet from on the western edge of the Para- the north line and 820 feet from the east line of Section 24, Towndox Basin in San Juan County. 23-- 1 will be ship 41, South, Range 25 East, The firms Navajo drilled 660 feet from the north San Juan County. Carter proposed a western exline and 660 feet from the east line, Section 2, Township 42 South tension of Aneth Pool at its Hickand Range 21 East. It will go to man Federal No. 2 1,980 feet from the south line and 660 feet from Hermosa-Paradoat 5,950 feet. Calithe west line, Section 1, Township Superior Oil Company of fornia spotted a wildcat location 49 South and Range 23 East At Red Wash Field, Unitah about nine miles due northwest of the Four Corners in a San County, Standard Oil Company of Juan County venture certain also California made two locations. is pegged at to affect Aztec Oil and Gas Co. Well No. 64, 2030 from the north line and 1,980 holdings. The firms G-- l Navajo will be feet from the east line, Section drilled 660 feet from the west 27, Township 7 South and Range line and 660 feet from the south 23 East while Unite Well No. 66, was placed at 660 feet line, Section 6, Township 43 South from the south line and 1,980 feet and Range 25 East. Carter, an affiliate of Standard from the west line, Section 18, Oil Company of New Jersey, also Township 7 South and Range 23 announced location for a step out East. 24-hou- o. r 3, x 32-27- 34-18- B, Geological Map oi 4-Cor- ners Area of Utah - Colo. - Ariz. - New Mexico IN FOUR COLORS Special Price - $5.00 check or money order EL .207 Newhouse Bldg. 5-94- . GEYSER MARION GOLD MINING CO. Mercur, Utah EQUIPMENT TO BE SOLD AT A FRACTION OF COST Truck Scales - Crushers & Rolls - Ore Sampler - Assay Type Crusher - Cedar Rapids Crusher Ball Mills - Wilfrey Pumps - Classifiers - Thickeners. Triplex Pumps - Vacuum Pumps Lumber - Galv. Corrugated All Buildings and Housing Sheets - Pan Type Feeders Transformers - Pipe - Motors. & Trommel Screen - Steel Tanks -- BOTHWELL CONSTRUCTION CO. EMpire NEW METALS CORPORATION Oil & Mining Oil Lucky Me Uranium Corp. and which firms are in a join venture. Mr. Christensen said Phelps Phelphs Dodge Corp., third largest producer of copper in the Dodge would receive a 30 per cent United States, are presenting a share in the 1,000 ton a day exjoint proposal to Atomic Energy pansion but would not become a Commission for an addition of stockholder of Lucky Me. 1,000 tons a day to the capacity Under the formula of the proWITH zinc-lea- d mines closing of Lucky Me mill in Gas Hills Fremont uranium county, district, posal, the addition of a 1,000 ton and stock prices going down, it a Wyo. was nice to reflect that this marday unit to the plant under would permit milling construction ket has been going in seven-ye- ar The proposal, if resolved in con- of 300 tons a day from deposits cycle since 1929 and that tract form, would bring to 700 a mined by Phelps 1958 should be the next big year. tons daily the processing allocaUranium Corp. affiliate. After the 1929 boom and bust tion for custom ore produced by stocks were to high. Jack Waite nonnill-connecteminers in the Lucky Me itself would gain 300 was $1.75, Metaline M & L, $1.50; Crooks Gap and Gas Hills area. tons a day capacity, serving inPend Oreille, $7.00; Clayton $1. . . creased reserves which this firm, As Lucky Me is currently erectThen i nl944-4- 5, Sun Con sold at has developed In Gas Hills, disa 750 ton a day mill, the i$3, Metropolitan at $1, Silver ing The remaining 400 tons trict. would ulore would be allocated of Syndicate at $6, Sidney at $5.50. latest modified proposal daily And who can forget 1951 when timately bring the mills capacity to custom shippers, Mr. ChristenBunker Hill reached $32.50, Sun- to 1,750 tons a day, making it one sen said. of the largest in the domestic shine $24, Hecla $20, Day Miner uranium business. As the present 750 ton a day $4.14, Pend Oreille $11, Polaris contract with the AEC calls for Allen D, Christensen, San Fran$10.50, Reeves MacDonald $6.50. Me to set aside 40 per Lucky If the cycle trend continues, to- cisco, Calif., president of Lucky cent 300 tons daily of the mill or days prices will look awfully Me and the Utah Construction run to custom ore, the latest low next year. Co., mining and engineering firm proposal woud Lucky which holds majprity interest in create at this mill of market a DAY MINES also was nice to the uranium company, announced ore. custom tons 700 of daily contemplate. That new strike in the point proposal. the Dayrock was reported five the caThis Is nearly one-haHe stressed that not only would feet wide and still improving. . . (1,750) tons daily) of the The firms Hercules mine also the proposal increase space in the pacity proposed, expanded mill. An earwas looking good. At 100 feet be- mill for existing custom shippers lier expansion proposal by Lucky low the 1600 level, development in the Wyoming uranium belt but Me involved addition of 635 tons rock reportedly was now being would also accommodate what is to present contract. taken for production. . . With the currently custom production from The expansion would be accomreserves held by Phelps Dodge firms interest In the a second and and Wyoming Uranium Corp., plished by addingunit to the mill output of the Galena larger processing mine and its income from gold which will utilize the ion exfrom checks smelter ty at shipments production change system to produce uraRepublic, Wash., income should continue at record of high grade lead ore. Three nium oxide. truck loads recently shipped to levels. . . the Bunker Hill averaged 77 SILVER BOWL was strong and lead. in demand from the Kellogg-WallaAMERICAN SMELTING & REmining camps with news FINING announced it is suspend-:n- g that Bunker Hill miners had cut er two feet of good production at three mines, ore as they approached the ertralater-a- l including the Van Stone open pit rights area of the old Senator operation in Stevens County, Stewart mine owned by Silver Washington, pending improveprices. It said Bowl. The discovery was parti- ment in zinc-leFulton W. manager of this would curtail production by rates and salesCopp, cularly encouraging because it for Pacific Northwas made in a virgin area not about 3000 tons of zinc and 500 west Pipeline Corp., has been of lead monthly, or 6.7 of previously explored by Bunker tons elected vice president of sales, current U.S. production. . . SevenHill. F. Struart Silloway, president of ty men will be laid off at the Van natural the gas transmission comBUNKER HILL stock was in Stone. said Tuesday. supply ag low as $12.50 a share PRESIDENT EISENHOWER told pany, Mr. Copp, 55, is a native of following a reduction in the firms Utahs Senator Watkins he would Detroit, and has been with Pacidividend rate from 30 cents a do what he could to get Congress fic Northwest since 1954. share to 15 cents after seven suc- to speed passage of his proposed Previously he was a vice prescessive quarterly payments at the long - range minerals program ident of Northwest Natural Gas higher figure. Management said which included import taxes on Co. He also has been affiliated earnings will be reduced sharply lead-zin- c. . . Western representawith natural gas operations in because of the precipitous metal tives to their various and letters parts of the country and telegrams price break which followed sus- congressmen urging prompt hear- at one time served toe Federal pension of the barter program, ings so the legislation can receive Po'wter Commission as a staff but at the same time predicted consideration in this session of engineer. government aid will be forth- congress. . . Lets all help out by The new vice president recoming soon. The dividend, total- doing the same . sides in Salt Lake City. ing $237,450, will be paid August 12 to stockholders of record July 8. . . A Spokane source said 57 railroad cars of foreign ore was ANNUAL KEFOB.T ON RADOROCK, enroute to Bunkers Kellogg URANIUM QUOTES RESOURCES, INC. metallurgical plants for treatment Asked Approx. Bid Meanwhile heavy shipments of .Olftft .02ft Sterling sulphuric acid are being made .00ft Strategic ML .00ft from Kellogg to Simplots big .00 ft Sunburst .00ft .04 Sundown Pet .03 fertilizer plant In southern Idaho. .06 .05 Sun UTan. HECLA .18 opened exploration Swastika .15ft ML .00ft .01ft Temple headquarters in Spokane's FidelThnderbK U .00ft .00ft H. E. Trane West .00ft .00ft ity building. Harper, chief .03 Uintah Wyo .03ft geologist for the company, is O&M .05 .07 Ula .06ft .07ft moving to Spokane from Wallace. U. N. Beryl .00ft .01ft SUNSET MINES has decided to .01ft ,00ft lead-zi.01ft .02ft mine open Upetco keep its Uran King .06 ,05ft rather than undergo costly shutUr Mines Inc .03ft .04ft U. S. Pete .14 .16 down expenses. Lessees will conU. 8. Uran 04 .03ft tinue the exploration program it a .01ft Exp 00ft .12 Utah West .16 has been carring on with financial Walters .00ft .00ft assistance from the Defense MinWhltelock .01 .00ft White Can. .83 J6 erals Exploration Administration. .40 .37 Wyoming A 1 cent a share assessment has Yellow caL .00ft .00ft Yellow Clr. .12 .15 been levied, payable by July 29. .01 .00ft Kork Ur. The firm has taken in $665,105 since November 1953, from ore 'returns, lease ropalties, assessCROMER BROKERAGE CO. ments, loans & other sources, ExSnile 4 Sail lake Stock Ezchange Building, 39 Exckange Place penditures totaled $652,994. Salt Lake City, Utah GLADSTONE Mountain Mining TWX Telephone EL is Company again receiving royal- Stied i Dodge-Wyom-in- Mc-F-- lf Pipeline Firm Elects New Vice Pres, of Sales U-K- an ra Company nc Utah-Xd- write - FOR LATEST STOCKHOLDERS' REPORT NEW METALS CORPORATION 730 Crenshaw Blvd. g d ad 36 Salvaging Mill of 216 KEARNS BUILDING and lead-silv- MINERALS MAP COMPANY Salt Lake City, Utah Lucky Me and Phelps Dodge To Up Uranium - Mill Load ce Mailed free if order is accompanied by WILL ALSO SHIP C.O.D. 1937 silver-copper-le- ad oil and gas Illustrates all existing oil and gas fields and mills, mines wells, dry holes, pipe lines, uranium railroads. access roads, highways and PRINTED Friday, July 5, Los Angeles, Calif. 3-- SU-1- 80 |