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Newspaper
Green River Journal
Location
Green River, Utah, United States of America
Date
Nov 03, 1955
Page
4
In a small town dispute famed editors sparred publicly in a slander case. Two new Chicago Law School graduates represented Van, winning a verdict for the plaintiff with nominal damages of one cent.
Moab Mines Inc ships first ore from Christine No 1 Hunbg mine in East Canyon Utah to VAC Mill Durango Colorado. Road work to allow daily winter spring 1956 shipments. Ore face in first 130 foot incline measures four feet thick with sample assaying thirty nine tenths per ton.
Initial mining at the Humbug claim adjacent to the Boy claim yields about twenty tons daily. Eighty hours of exploratory drilling defined a commercial ore deposit with an estimate of three thousand tons of uranium and vanadium ore. Drifts, ore bin, and shuttle car setup advance the first station and hoist capable ore transfer.
Moab Utah November 2 Utaco Uranium Inc of Moab has shipped the first two loads of ore from its new Coyote Wash mine in Lisbon Valley San Juan County to the Monticello mill. Mining engineer Everett Blackburn said future shipments will run about 25 tons weekly and drilling is underway on the Red Canyon holdings. Blackburn will supervise all Utaco mining operations.
Last year field supervisor and mining engineer for Jack Turner & Associates of Moab was involved in Sovereign Uranium. Underwriter Daggett Securities led the closing, with Dr. Allen Branston of Fort Worth as president and C M Mitt Wood of New York. The company holds uranium and oil properties in Nevada and state land permits in New Mexico, and plans a Moab area venture.
The public stock offering of Sovereign Uranium Corp. in Newark New Jersey has been completed. Philip Augusta of Daggett Securities Inc. notified Sovereign representatives by phone that the $300000 issue was placed.
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