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Show National Enterprise , May 5, 1976 Page Nine Kennecott Discoveries Spur Prices on Intermountain Exchange SALT LAKE CITY-Rid-- ing on strength of what little information Kennecott Copper will reveal about its discoveries in the Tintic Mining District in central Utah, several stocks listed on the Intermountain Stock Exchange enjoyed doubling and, in some cases, even trebling of prices this month. Intermountain Stock Exchange president, Ernest Muth said the situation is similar to what oilmen would call a tight hole." Kennecott is releasing only the barest minimum of information required of them about their findings. Muth said he has heard four core holes drilled by Kennecott revealed values averaging five ounces of gold per ton and twenty ounces of silver per ton. Kennecott expects extraction costs will run approximately $20 per ton, Muth said. Stocks benefiting from Kennecotts activity this month are South Standard, Eureka Standard ConsoliChief Consolidated, Point Consolidated, dated, Crown Dragon Mining, Empire Mines, Eureka Bullion, Gold CITY-Con-tr- acts totaling $150,000 have been signed by DiEnco (OTC .625, 1.00) company president William J. Carter announced at the companys recent annual meeting. The contracts include $105,000 for insulation of an ammonia storage facility in Columbus, Miss., for the Car-Re- n and Company $45,000 for insulation of a carbon black plant in Addis, La. for Sid Richardson Carbon Company. Carter said the upward trend in sales for the company which nearly doubled in 1975, is continuing strongly into w: Hr ? ih Chain, North Lily, Utah to $67,224.50 from $77,366. Consolidated and Mammoth. Clyde Summerhays, Executive Mammoth saw probably the Secretary of the Exchange, most dramatic increase during attributes the decrease to the the month, Muth said, raising large volume in South Stanfrom a low of $.90 to a high of dard during March. $2,125. The ISE Index, an averJust an hour and a half age of stocks listed exclusively from Salt Lake City, Muth and w'e could have said, another Comstock Lode.' While volume on the ISE during April rose to 316,028 shares from 240,216 in March, total value decreased $10,000 on the ' February. VERNAL, Utah-Alt- ex Oil Corporation, ,, iv Sales for the first quarter were $361,304, compared to $140,433, for the same period last year, he reported. . Stockholders voting at the the Board meeting of Directors, consisting of Carter, John J. McDonald, James Rock, Ralph Coleman, and Kenneth W. Smith. - vN ' . Going public is tough. Keeping your seat is even tougher. dent, said Altex will share equally in a 6 Vi percent (OTC .375, .4375) has sold a 37,000 acre overriding royalty interest block of oil and gas leases reserved by the sellers in the situated along the Hingeline entire block. Overthrust Belt in Utah to The lease block involved Amoco Production Company in the transaction encompasin a $555,000 plus transaction. ses 37,000 net acres straddling Altex, owner of an the Diamond Fork Anticline in undivided 50 percent interest Utah and' Wasatch Counties, in the block, announced it will Utah, roughly 50 miles south receive one half of the of American Quasar Petro$555,000 cash consideration leums highly publicized 1975 provided for in the sale Nugget oil discovery in Sumagreement. Cecil Wall, presi- - mit County, Utah. Amoco has not disclosed any plans for the Diamond Fork acreage according to Wall, who noted that an 1976. I Intermountain Exchange, was up nearly 5.5 points in April to 36.906 cents per share compared to 31.470 cents per share in March and 26.909 cents per share in Altex Sells Lease Block Along Hingeline DiEnco Gains Sales Momentum SALT LAKE i i; extensive Going public can be a great opportunity for growth (stock can often facilitate acquisitions) . . . but its not much consolation if youre left on the outside looking in. We can make your company public and keep you in control. No need to worry about months of delays, either. We move quickly and precisely. Talk to us before you give your company away to a board of directors. You built it; you should keep it. - . (Clatlam Bmiritire (Corporation 25 SOUTH 500 EAST SALT LAKE CITV. UTAH 84102 (801) 531-03- seismic survey would probably precede any exploratory drilling on the block. continued on page twelve Contact Richard L. Chatham, President Salt Lake City (801) 531-033- 7 re-elect- ed DiEnco, with offices in both Salt Lake and Houston, Texas, is engaged primarily in the insulation of petroleum storage and transport facilities and liquid ammonia fertilizer Do You Care to Associate with: storage facilities. Rep. Bella Abzug Clifford Irving King Timahoe Leonard Bernstein F Lee Bailey The Club of Rome Ben Bradlee Margaux Hemingway r Kareem Gerald L.K. Smith Shirley MacLaine Alex Comfort Tom Snyder Simone de Beauvoir Ron Ziegler Elmer Wayne Henley William Appleman William Abdul-Jsbba- LeRoi Jones Rep. Michael Harrington Gloria Steinem B F. Skinner V.S. Naipaul Warren Beatty Bud Hammerman Bun BacJjarach Ralph Nader Russell Means Sen. Charles Percy Indira Gandhi Roben Redford James Wechsler Sargent Shrivcr Bianca Jagger Truman Capote Geoffrey Barraclough Charles Man son Herben Marcuse Eltoin John The Mental Hygiene Dept. of.. Alger Hiss The Soyux Cosmonauts Bob Guccione Liberace Ernie Bushmiller Then subscribe to Tbe Alternative. Not one of these patheticoes has ever knowingly subscribed to Tbe Alternative (though several of them have threatened legal action when we were slow in canceling gift subscriptions purchased for them by their worst enemies). When you subscribe to Tbe Alternative you can be sure of the company you keep. If you already subscribe, make sure you continue to keep the right company by renewing your subscription today, or consider that special friend by purchasing a gift subscription. Your friend will admire your taste as will we. REX MONTIS To subscribe, renew your subscription, or order a gift subscription, just use the order form below or a close approximation and send it with a check for the appropriate sum to: Tbe Alternative, etc. SILVER COMPANY GOLD AND SILVER IN THE GROUND is a hedge against inflation. The price of gold and silver fluctuates from year to year and has substantially increased in value in recent years. Since the Rex Montis Mine is new and still under investment. development, we look upon it as a long-terOur precious metals discovery suggests the potential for many years of gold and silver production. m . Rax Monti Sllvr Company Salt Lake City, Utah 216 Paxton Avenue THE ALTERNATIVE, Please enter a . P.0. Box 877, Bloomington, Indiana 47401 .new . One year (ten issues) .renewal subscription to Two years 8 ( ft) Three years please print) Name Address. City State Zip. If this is a gift subscription, please check here and enclose your name and address. Tbe Alternative. 20 |