Uranium Find

President Gabriel Gonzalez Videla announced last week that uranium had been discovered in Chile. Geologists of the U.S. Atomic Energy Commission, secretly brought in last year by the Chilean Development Corp. (Fomento) to explore likely areas in north central Chile, found two deposits near La Serena and Vallenar. Proclaiming that "the discovery will bring the country unsuspected wealth," President Gonzalez asked Congress for a law that will place all Chilean Uranium under government control.

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