Atlas Uranium and Paramount Agree to Merger
Atlas Uranium and Paramount Uranium approve a merger with Atlas surviving and purchasing all Paramount assets. About 23 million Paramount shares representing 37 million outstanding were represented. a near unanimous vote favored the deal. Atlas gains 100 uranium claims, recapitalized at 10 million, plus about 150 thousand dollars cash and other assets. Atlas operates the Last Chance mine in Brown's Hole and holds a large oil and gas lease on 3,500 acres on the Orange anticline in La Plata county Colorado.
MENTIONED IN THIS ARTICLE
Atlas Uranium
Paramount Uranium
Atlas
Paramount
Arches
Brown's Hole
Sum Properties
Orange Anticline
la Plata County
Colorado
J. C
Jack) Burgess
Moah
Salt Lake City
Moab Uranium Co. Denies Stock Dumping Rumor
Moab Utah Sept 21 Mr Hickman board chairman and executive vice president of the Moab Uranium Co said all stock issued to officers and directors at the time of the public offering remains in escrow with the Utah Securities Commission He dismissed circulating rumors that officers are dumping large blocks of stock as entirely unfounded.
MENTIONED IN THIS ARTICLE
Moab
Utah
Mm. Wick Man
Moab Uranium Co
Utah Securities Commission
Mr. Hickman
Drill Holes Pay Off For Blue Goose
Moab Utah September 21 Blue Goose Mining Inc has hit ore with three drill holes on its Blue Goose claims in Circle Cliffs Garfield Count Utah J C Goode in charge of field operations said the holes lie in a triangular pattern 250 to 300 feet behind the Blue Goose adit Two holes yielded three and a half feet of ore and one hole yielded three feet The company plans to move in mining equipment and a four man crew will begin drifting within two weeks Drilling has been suspended pending enough ore for mining Goode noted Blue Goose previously shipped two loads of ore from the drift before its public offering
MENTIONED IN THIS ARTICLE
Moab
Utah
Blue Goose Mining, Inc
Blue Goose
Circle Cliffs
Garfield Count
J. C. Goode
Goode
Pointers for Prospectors Uranium Ore Tips
D L Blake explains that certain rock formations mark uranium deposits but do not guarantee commercial quantities. Once a favorable formation is found, developers must judge uranium minerals by appearance and structure to avoid sampling the wrong rock. Primary ores are introduced with two general classes.
MENTIONED IN THIS ARTICLE
D. L. Blake
Uranium Ore Types Described for Prospecting on Colorado Plateau
The article outlines primary ores pitchblende and uraninite with uranium contents of 50 to 85 percent, plus secondary ores carnotite autunite and tobernite. It explains occurrence, crystal forms, colors from lemon to deep yellow or green, and typical associations with other minerals.
MENTIONED IN THIS ARTICLE
Iona
Colorado Plateau
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