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Show THE CITIZEN (Permit For The Sale of This Stock Issued June 18, 1921, By The Utah State Securities Commission.) Offering of 200.000 Shares of MUM GALENA MING COMPANY STOCK AT 25 CENTS A SHARE CAPITALIZATION:- MANAGEMENT:- - 1,000,000 shares. Par $1 each. In treasury, 465,000 shares. President R. E. Miller is president of the Milling Company of Utah. Con. suiting Engineer O. F. Brinton is engineer of the Jib Mining Company of Basin, Montana, which has an indicated ore reserve variously estimated at a value of between $5,000,000 and $6,000,000. Captain Brinton was formerly superintendent of development of the great Burma Mines, Ltd., of Burma, India. The stock of this company rose in value from 50c a share to $65 a share during Captain Brintons incumbency, Inter-Mounta- in 1913-191- 6. FINANCE:- - The treasury stock of the company has been underwritten to net the company an amount sufficient to discharge all outstanding obligations and to create a cash treasury reserve for mine development. PROPERTIES:- - These consist of about 485 acres in the Bingham Utah, Mining district. The greater portion of this area adjoins and sidelines the property of the United States Smelting Refining and Mining Company which property has produced to date approximately $100,000,000. The Bingham Mining District has produced approximately $500,000,000 to date. We quote from Captain O. F. Brinton. He says: The Bingham Galena property is situated on the south side of Bingham Canyon, sidelining the United States Smelting Refining and Mining Companys ground for fully one mile and is in close juxtaposition to the Utah Copper Companys steam shovel pit. The total area of the Bingham Galena group is about 485 acres. It is a consolidation of the Silver Shield group. Developgroup, the Bully Boy group, and a portion of the New ment work in the Bingham Galena amounts to over 10,000 feet of workings. Production to date totals $500,000 or more. The developed area embraces only a small portion of the total acreage now controlled, and a vigorous campaign of development, just begun under my producers of the disdirection, should soon lift the mine to high rank among the silver-lea- d trict. The property is fully equipped with all the necessary mining machinery and owns operating rights through the $300,000 Niagara Tunnel of the United States Smelting Refining and Mining Company for the rapid handling of all ores direct to the railroad which is situated at the mouth of the tunnel. The plans of the management include an immediate geological survey of the entire property, which has already commenced, and rapid development of the mine. Financing of the company which has been the stumbling block in the past, is now assured, and the company is in a position to proceed with the work that the property merits. York-Bingha- m Application will be made to list stock on Salt Lake Stock and Mining Exchange within a few days (Child, Stock Exchange Building Barclay ESTABLISHED & Company 1898 Salt Member Salt Lake Stock and Mining Exchange PHONE WASATCH 4154 NOTE: This entire offering of 200,000 shares at 25c per share having been oversubscribed and paid for by our customers in a few hours, this advertisement appears as a matter of public record only. Lake City, Utah |