Garfield County News | 1955-02-24 | Page 74 | New Outcroppings Found in Utah

New Oulcroppings Found in Utah A new corporation Is being formed to develop holdings in the Cane Springs area of Utah. Known as The American Energy Corp., a California group has Just completed the purchase of 48 claims from Harry Holllngsworth. The one by two mile strip comprising these claims lies fifteen miles south of Moab and about three miles west of The-Hole-In-The-Rock, along Cane Springs Canyon. The new company, headed by Victor J. Nelson, architcct-cni-neer of Glendale, Calif., as prcsi-dent-general manager, was lo undertake development work ot once, according to Mr. Nelson. He has mined 25 years and plans to use a technique of exploration he found very satisfactory in Old Mexico where he operated a mercury mining concern. Core drilling and drift tunneling with lateral drilling. Is expected to prove to be a most satisfactory method of exploration of the uranium claims held by this compay. Excellent surface showing have been found with one outcrop 75 feet high and 400 feet 1 across. The values are in the Sliin-arump and Chenle. Consulting geologist for the com-pany Is William Owens of Moab. I Harry Holllngsworth ot Moab was 1 signed as milling engineer for the new company. I