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Show Page 4 Minerals Exploration & Mining completes offer chuckin' 1 few Initial sale of some $300,000 in stock has been completed by Minerals Exploration & Mining A very nice thing happened to us on the way to the bank last week. We stopped by the post office. Nothing unusual in that, except for the fact that in a letter requesting a subscription to the Oil & Mining Journal was a clipping of an article from the Las Vegas Sun. The clipping is reproduced below: carry out planned mining and exploration objectives of the company. Dr. Richard R. Kennedy, geologist and Demand for IDAHO Sunday, January 11, 1970 LAS VEGAS SUN QQ Yooni? Dfflmy RICHARD BLACKBURN.J and Silver stocks and would I am interested in Gold liK to receive a Journal that of the Oil & Mining copy on of a full these issues. You have quotes page gwjs offered a copy of this paper free previously. I hope you can still comply with my wishes. Orval Wills Dear Mr. Wills: We did have extra copies but the response to our offer was overwhelming and we can no longer supply the demand. The annual subscription is $10.00. If you would care to have it delivered weekly to your home. Of course, the Oil & Mining Journal has a lot more than just stock quotations. And if you are interested, discount on a full year's you can get a special 30 them if write today. subscription you Until January 31st $7.00 will pay for a full year. If Interested, write: Oil & Mining Journal, P. O. Box 19243, Salt Lake City, Utah 84119. Dear Mr. Blackburn: I read with interest your column that mentioned I could buy Imperial Russian Government Bonds yield-ta- g 94 Y. Where can I buy these bonds. I am not a Communist sympathizer, I merely want one to hang in my office as a conversation piece. Name withheld on request. Dear Sir: Any stockbroker can buy them for you. They nr traded in New York. Last quote I saw was $3 don't happen to know 1,4 settle on a proper reward for someone who so obviously already has everything but we're trying. I've suggested offering him a commission, but Enid is holding out for a free subscription to the Oil & Mining worthwhile of regional federal agencies at the National Reactor Testing Station. president, spoke at the meeting of the Upper Snake River Federal Executive Assn. He noted the total ' of the NRTS direct financial impact within Idaho, and largely in eastern Idaho, was more than $60 million during 1969. Turning to generating er a Acquisition talent, discernment, good taste programs for exploration and other properties held by the company are progressing, he A drilling program will begin as soon as westher premits growing Wyo. Genral RIVERTON, 1969. As a subsidiary of General Nuclear, the sales barn will be Nuclear, a Wyoming-basenatural resources company, has acquired the assets of Riverton livestock Auction Co. for an undisclosed amount of stock and cash. d operated as the Riverton get a better feel for the magnitude of this number by noting that the capacity of the nations largest hydroelectric Grand Coulee is about plant two million kilowatts, so that orders for nuclear plants to the end of 1969 are equivalent to - almost 37 Grand Coulee generating stations. Reliable estimates project a 10-fol- increase d in total electrical generating capacity in the United States by the year 2000. be diminished. We feel that diversification will strengthen our earnings base. Auction & livestock Co. Hie fact that we are entering the field as part of ss agri-busine- According to Phillip E. Flanagan, president of General our overall diversification program, said Flanagan, does not mean that General Nuclears role in the mineral business will Nuclear, the company had a sales volume of $7,520,515 in General Nuclear recently entered into joint uranium exploration ventures with Mobil Oil Corp. and Cerro Corp., and is participating in two successful oil ventures in Wyoming and Colorado. Norand ex opens Spokane office who is a candidate for a by John Schulz, a University of doctorate in geology at the Oregon who Inc., SPOKANE-Norand- ex United States subsidiary of Noranda Mines Ltd., one of Canadas largest mining University of Idaho, heads the operators, has opened a Spokane exploration office. John D. Cook, a geologist supervise operations Washington, Idaho and Montana. He will be assisted a copper smelter. 7 Several other copper -- - er iv .?' 4 ; V.wi'i v P L i ; ; ,i Vi-- r ;J tim! Camfums. hit: ..i INVESTMENT SECURITIES Members Salt Lake Stock Exchange - i. l't Norandex, the Canadian INVEST WITH OUR MARKET SPECIALISTS OVER-THE-COUNT- mining, smelting, refining and fabricating firm, is making a major effort to find ore deposits in the United States, its biggest market. Its first U.S. exploration office was established in Reno, Salt Lake City Mr. over-the-count- Cook said Norandex is primarily interested in base (This area has definite possibilities for the discovery of new ore deposits, Cook stated, observing that it hasnt received the exploration emphasis of certain other western states. 'n. Corp. Lunt said the agreement which the Luzon property with Coppermines Philippines also includes other minerals and adjoins. He said the Philippines is natural resources such as lumber. National Coppermines, with presently shipping copper ore to Japan for processing, but his two million shares authorized, it at government, under President traded Marcos, is pressing plans to build $8.50-310.- 00. Norandex. metal deposits and they can be either open pit or underground. t- - properties are in the process of development or in production in the Philippines, including a more than $40 million investment by Marinduque Mining & Industrial geology graduate, here from the was transferred Spokane office that will Denver headquarters of C Luzon property, and 49 per cent to National Coppermines for development of its stateside properties and further technical aid to the Philippine firm. Mr. Grijaldo said plans for the Luzon property include harbor facilities at Caiguran Sound year 1969, 103 nuclear power plants had been ordered, totaling 73,788,000 kilowatts. One can General Nuclear diversifies Journal. (Continued from Page 1) of data and. Mr. Blackburn, though we would like to. In fact, we weren't even aware he was distributing free copies of our Journal, though that pleases us, also. But one of the most pleasing aspects of the entire situation (other than the fact that two dozen other subscriptions arrived, obviously also prompted by Mr. Blackburn's column) was that excellent turn of phrase: the response to our offer was overwhelming...' It's difficult to tremendous demand for nuclear power generating capacity was underscored by W. L Ginkel, Idaho AEC office manager, in a talk to some 40 executives and representatives N-pow- capability, he noted the AEC and the utility industry of the United States have had to drastically revise upwards their estimates of our nations nuclear power generating capacities the remainder of the 20th century. He added that in a 1962 report to the President, the AEC estimated that by 1980 there would be 40 million kilowatts of nuclear generating capacity. In 1966, the figure was raised to 80 to 100 million kilowatts. A more recent estimate for installed capacity by 1980 is in the neighborhood of 100 to 150 million kilowatts. As of the end of calendar he Ginkel, immediate past Dear Mr. Blackburn: We FALLS-T- continuing, he said, and regular shipments are expected at an increasing rate as the work force is enlarged. president, said. He said mining operations begun four weeks ago at the Freedom Mine near Marysvale, Utah, arid four railroad cars totaling 286 tons of uranium ore, have been shipped to the Atlas Minerals uranium mill in Moab. Mining and stockpiling are Co. through Weston & Co., Salt Lake brokerage firm. The amount is sufficient to By Chuck Hayward ,lg January 19, 1970 OIL & MINING JOURNAL 2000 Univ. Club Bldg. 136 L South Temple Phone: 364-197- 1 Provo Las Vegas 163 N. Univ. Ave. .1721 L Charleston Blvd. Phone: 7 Phone: 5 384-299- 374-825- and last fall opened J new headquarters in Denver under the management of RJ. Miller, former chief geologist for Noranda at Toronto. |