Show iamaio 2 abajo increases inc teases mining milling claims property MOAB utah august 24 21 abajo abao uranium company announced the addition of nine uranium claims claim to its list of properties bringing the total acreage to 2 acres the martha R claims no 1 to 9 are located on wilson mesa in grand county utah 6 abajo s major claims groups are j situated within a circular area now known as the colorado plateaus western circle which is believed to have blocked out uranium ore deposits worth over a half billion dollars most of the plateau plateaus s major uranium companies situated in m the th e western circle where concentrate concen trat ed exploratory drilling and minging are now in progress for the 1955 summer and fall season abajo executives are currently en in discussions concerning the acquisition of mercury mining property in nevada abajo uranium company which takes its name from the famous abajo mountains in san juan coun coull ty utah has been cleared by the tie securities and exchange commis sion to offer stock for public sale sixty of the abajo company s present claims are located over i clunie and horizons in the seven mile area which includes the hunt oil company mine and the thornburg mine both of which now have substantial ore reserves forty claims are located in the blanding utah area over morrison horizon a stratum which thus far has rendered eighty five percent of the uranium ore produced on the colorado plat eau six claims are located in colo mineral district located inside the rado rados s highly productive uravan cravan eastern boundary of the western circle the company will combine its ex and development efforts working toward commercial prodoc tion of uranium ore directors and officers of abajo include robert R hughes secretary treasurer grant L shumway geologist and mining engineer glenn rowland airborne exploration the company s capitalization is an authorized six million shares par value of the non assessable stock is f ave ve cents the company has been cleared in new york new jersey and washington D C abajo s main offices are located in the judge building salt lake city field headquarters are located in moab utah |