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Show Mine Company Tells Plans for Uranium Operations The Walkeng Mining Company announced today that following the preliminary drilling of more than 15,000 feet of core drilling on its three properties at Leeds, they are proceeding to put the properties Into production. The drilling proved the presence of two large and substantial ore bodies containing an excellent grade of uranium and silver ore in commercial quanitities. The ore was located at a depth of only 130 feet on the Silver Reef, southern Utah's famous mining area of past years. Announcement of company plans were made by manager A. H. Hughes to the Joint meeting meet-ing of the board of directors and the shareholders advisory com-.nittee com-.nittee of the company. A modern two-compartment shaft is now down approximately approximate-ly 75 feet. Mr. Huges said. The mine will be equipped with mod-ern mod-ern electrically driven mining machinerv. A modern ore mill is in operation on the adjoining property of the Western Gold and Uranium Company, for separat-Ing separat-Ing the uranium, vanadium and silver ores. Western Gold already al-ready has a substantial rroduc-tion rroduc-tion on Its property, and Walk. n Mining has a contract with them to process the company's ore. Manager Huee estimates that a Production of 25 tons per dav will be under way within 75 days. The value of the are is Indicated In-dicated to exceed $30 per ton. |