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Newspaper
Green River Journal
Location
Green River, Utah, United States of America
Date
Dec 29, 1955
Page
2
A mixed set of classified notes lists rooms for rent at weekly and monthly rates with kitchenettes, two bedroom homes and trailers for sale or rent, a Piper PA 14 airplane offered at 2250 dollars, a second-hand saddle request, and a trailer park with furnished cabins and lots. It also mentions a Durango attorney and Atlas Uranium announcing copper deposits near Moab and oil lease activity in La Plata County.
Atlas Uranium Corp. announced it acquired a one eighth interest in mineral rights on 1080 acres at Picnic Flats southwest of Durango, Colorado. The tract lies within a mile of a producing gas well by Southern Union Gas Co. and near other wells. Atlas bought half the mineral rights in the block from Claude A. Decker in a deal handled by Jack Rutledge.
Moab Utah miners reported a Christmas present for stockholders of Moab Uranium Co and Sovereign Uranium Gas and Oil Co. Dan Hendrick Moab Uranium field supervisor said a vein of ore assayed .385 percent uranium oxide.
Nios encountered on the Mineral Canyon claims west of Moab halt tunneling briefly while a surface run remains in progress. Hendrick doubts a major discovery within the next 100 feet. Over 300 tons of ore shipped from the Mossback Chinle Shinarump formation under the joint Mineral Canyon venture of Moab Uranium and Sovereign.
Utaco Uranium Inc of Moab announces purchase of the Bradley mine near Telluride Colorado. Bradley ore body may total up to 300000 tons with 50000 tons proven. Independent report values ore at 30 dollars per ton with a recent shipment worth 48 dollars per ton. Assays show about 5.97 percent lead and 4.25 percent zinc plus gold.
Howard W. Pretor becomes president succeeding Herbert A. Snow. Ronald W. Wadsworth of Ogden named first vice president, replacing O. H. King of Provo, and F. W. Nichols of Provo named second vice president succeeding J. Fletcher Scowcroft of Ogden. Wallace remains secretary-treasurer. Snow’s tenure noted for long service and the foundation’s growth as a private tax research and public information agency serving officials and schools.
Utaco announced the purchase of a copper mine from Ed Krasse and Tom Allred of Placerville Colorado with price and terms undisclosed. Mining costs are estimated at 10 to 15 dollars per ton and total ore value could reach nine million dollars at current prices. Utaco plans a on site mill to be finished by spring and will mine on a limited scale until snow clears for full operation.
Blue Goose Mining reports a $4 foot section of high grade ore with uranium oxide up to 2.58 percent in Circle Cliffs on its Garfield County New Mexico claims. 13 new holes show good ore expanding proven reserves by 8,000 to 10,000 tons to about 50,000 total.
An ore body totaling at least 40 000 tons has been indicated by drilling on Blue Goose Mining Inc property in Circle Cliffs Garfield County Utah. Engineers from Copper Canyon Mining estimate ore at 30 to 40 per ton with holes showing seven feet thickness and oxide content up to 1.44 percent. Corporate control of Blue Goose recently moved to J L Foutz of Farmington, president of Copper Canyon, which ships ore from Navajo Nation properties in northeastern Arizona.
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