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Show Celebrating more than 90 years of service to the citizens of Eureka. Volume Ninety Price $.40 EUREKA, UTAH --MARCH 17, 1995 Number 11 Akiko expands reserves, appoints new director Akiko Gold Resources has received final check assays for the first two underground drill holes at the New Burgin deposit in the 9000 acre East Tintic Operations area of Utah, where Akiko is earning a 50 joint venture interest. The results begin the expansion of the high-grad- e proven and probable mineable reserves which have previously been calculated (after dilution) as 1.14 million tons grading over 19 ounces of silver per ton (over 21 million ounces), 22 lead, and 7.6 zinc. Property owner. Chief Consolidated Mining, reported that the first drill hole (directed toward and beyond the southeastPrincipal and sixth grade teacher, Thomas Ncdrcberg, received ern portion of the known reword last week that one of his students, Jcrrcd Jesse, son of Mrs. 104 feet of Robin Jesse, has qualified to participate at the National Geography serves) intercepted high-grad- e mineralization averaglice. He is the first student ho be chosen from Eureka Elementary 21 ounces of silver per ton, in the history of the program. lie will compete on a state level in ing 32 lead (640 pounds), and 4 Ogden on April 7. Congratulations Jcrred! zinc (80 pounds). The hole botfeet of further ecotomed in nomic mineralization, and also intercepted two upper zones (36 feet and 18 feet) of additional economic mineralization. The second drillhole (directed to the eastern portion of the known by Gloria G. Rife following members who celebrate reserves) intercepted 55 feet of The meeting of the birthdays during the Month of high-grad- e mineralization averagWest Juab Senior Citizens was March: Leona Franks, Helen 10 ounces of silver per ton, ing held Wednesday at the Memorial Ferris. Doc Holladay and Bessie 32 lead (640 pounds), and 1 Building. President Leah Towers Toonc. zinc (220 pounds). The hole welcomed the members and asked Reported on the Sick List bottomed in 21 feet of further Max Berry to offer the invoca- were: Jim Maxwell. Helen Trc-loa- r, economic mineralization. tion. Ron Gilson and Frank The ongoing 1995 underLaura McIntyre, Betty Cones Peart. Alice Peart reported that ground drilling program is deand Edic Pascual prepared and Frank suffered a fall leaving him signed to confirm and expand served a delicious luncheon to sore, but with no broken bones. (doubling to tripling) the current fifty-fiv- e members. We did not We wish a speedy recovery to reserves, while gathering technihave that many in atten- our ailing members. cal data concerning permitting, The secretarys and treasumeals dance., several "take-out- " dewatering and mine planning for went to members unable to attend rers reports were given by Gloria the the final feasibility study due to illness. This is a nice Rife and Grace Conder, and both to commence at year-entargeted service for people in that situawere approved by the memberAkiko Gold becomes project tion. ship. operator upon completion of Pres. Leah asked members to the Dr. lunch. Following feasibility. The Companys PresiMcKinley, a psychologist from a sign up for helping to prepare dent, Stephen E. Flcchncr, is Health Center in Sandy, Utah, and serve the meals for our meet- therefore particularly pleased to spoke to us on the subject of ings. Also announced the upcom- announce that underground min"Loss of a loved one and the ing Six County Board Meeting on ing engineer, Herbert K. FredricMarch 9th, in Sevier County. grieving process." His presentakson, has been appointed to the Members were advised that tion was very informative and Companys Board of Directors. thoroughly enjoyed by all pres- Georgia Laird has been chosen Mr. Fredrickson fills the vacancy ent. A question and answer peri- the "The Senior Citizen of the resultant from Michael Leviod followed. We hope that when Year - 1995". Congratulations nsons separation from the Compawere extended to Georgia upon such speakers arc able to meet ny effective December 31, 1994. this honor. with us that they realize the receiving He has over 30 years of internaJuab David Leavitt, County tional experience as manager, knowledge they share with us is will meet with us in Attorney, and consultant for much contractor very appreciated. in April. first our meeting underground mine planning and Following the departure of our visitors, we continued on feasibility, shaft sinking, and with our meeting.. the Pledge of 1'hc Utah Symphony will be at operations involving difficult in unison; Allegiance, group Tinlic High School on Tuesday, ground conditions and dewatering singing of "God Bless America"; March 21 at 10 a. m. The public requirements. and sang "Happy Birthday" to the is invited. Mr. Fredricksons exten- - Georgia Laird named Senior of the Year 1 1 1 d. Notice Midwcst Joint Venture McMahon Lake in Saskatchewan. Canada; manager for Kerr Addison of the Mogul of Ireland lcadzincsilvcr mine in County Tipperary, Ireland; and mine cnginccringdcvclopmenl for Union Carbide of New York and Camcco Corporations Key Lake uranium operation. He graduated with honors from Ontario's School of Mines and Queens University in Mining Engineering. Mr. Fredrickson will be working with the Company on mine planning and finance for the New Burgin in 1995. It Hail-cybu- ry should be noted that while Akiko funds US $4 million of drilling and feasibility work (commencing with US SI million funded September 1994), it is also acquiring (with the same dollars) a total of 1,035,000 shares (285.000 acquired to date) of Chief Consolidated's stock at a cost of US $4 per share (Chief closed on the NASDAQ Small Caps on Friday, March 3rd. at US S7.25 per share). sivc underground mining credentials include consulting on Noran-da'- s potash mines and serving as senior mine engineer for he Commission hears plans for Andrews Ranch development Three men met with Juab County Planning Commission, Juab County Commissioners, and representatives of the Juab School District to present a plan for using the old Andrew's ranch at Starr for a planned village. "Collectively, we have a lot more questions than answers," said Glenn Grecnhalgh, county economic development director. Steve Stevens. Dan Thornton. and Phil Snyder met with the members of the concerned groups to explain something oi the proposed project. The village would be built in circles, or pods, said Thornton. "A ring would be maxed out at 500 units," he said. "We plan to sell the businesses first." Thornton said the develinterested in developing arc opers an economic base first. Homes, he said, arc located in the outer rings and services arc built in the center of the rings. He said the 1,800 or so children of the development would not be a burden on the local school system. "We plan to build schools." The average home in the development would be $140,000, said Thornton. Streets, and all services, would be maintained by the community. The community would be ecologically sound and would have an academy in the heart of the village. "We would need to take a look at our ordinances if you were to begin the project in earnest," said Grecnhalgh. "Our ordinance requires that we document your financial capability to finish a project. If it were to be partly built and abandoned. Juab County is not in a position to complete it." Developers indicated they in knowing the interested were attitude of the county and wondered how long it would lake to get approval of a plan. Grecnhalgh said it would take time. Juab County selects flag Juab County will have a new county flag. County Commissioners on agreed Monday to adopt the tlag which received the most votes while it was on display in the county center. The original flag, one in use for the past ten years, received 22 votes. Flag number two received 30 votes; flag number three received 6 votes; and flag number four received 50 votes. All of the models were on display. No new flag designs were submitted. The flag receiving the most votes features a light blue background with a circle overlaid on the shape of the county. Inside the circle arc wheat, and mine A dark green tree is picks. featured on the one side of the flag. Commissioners agreed to order one flag made up for them to sec. After that, several more will be ordered to fly over all county-owne- d buildings. |