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Show Page 2 National Enterprise Grab Samples Beehive Tops 75 First INTERMOUNTAIN EXPLORATION CO., Boulder City, in a recent letter to shareholders reports that their 50 Quarter by 38 Salt Lake City, same period last year and the highest first quarter level to date for the 7 year old firm, announced Warren Gifford, president. A fiscal 1976 and 1975 first quarter comparison also shows net income after taxes increasing 38 percent from $102,291 to $140,769, or 11 cents to 15 cents per share, also a first quarter record level for the company. Medical Electronics, Inc (OTC 3.75, 4.25) a Salt Lake City based developer and manufac-- . turer of computer systems and peripheral equipment used in medicine, business, industry, science and education, has reported fiscal 1976 first quarter net sales and other income increasing to $2,514,790, an 18 percent increase over the $2,123,507 reached during the owned COMSTOCK GOLD VENTURES, LTD. has completed 49 diamond core drill holes on its 3000 acre property covering the southern extension of the Comstock Lode, Lyon County, Nevada. This drilling has partially outlined two ore bodies containing approximately 86,500 tons of 0.41 ounce gold and 1.24 ounce silver per ton. mines contain an estimated e 1,400,000 tons of ore with an average of 0.10 ounce gold and 3.60 ounce silver per ton mineable by open pit methods. Indepen- Diamond Core drilling has also made two additional ore interceptions that could develop into two more ore bodies after further exploration and development work. Geological and geophysical work has indicated other potential target areas. on the property for drilling at some low-grad- dent The letter further reports has Intermountain geological reports indicate there may be an additional 3,500,000 tons of this grade ore available by underground mining methods below the 237 foot level. The property also has a mill that can be rehabilitated to process this ore. Cyanide leach tests made by future time. that by Norman Lamb acquired a 50 percent interest in a 10 year renewable lease-optio- n from agreement MOUNTAIN SISKON CORPORATION, on Central Comthe Reno, STATES RESEARCH and DEVELOPstock Mines Group. This MENT, Tuscon, indicate this group consists of the three ore will be easy to treat by earliest patents on the Com- either agitation or heap leachstock Lode; namely, the ing. Adjacent to the mill Chollar-Potos- i, Hale & Nor-crobuilding are mine and mill and Savage. They are dumps from previous operalocated in downtown Virginia tions that contain approxThe imately 3000,000 tons of City, Storey County. Security Brokers, Dealers, Corporate Officials, Attorneys. ss reported production from material averaging about these mines in silver and gold $9.00. per ton in recoverable from 1863 to 1938 was appro- gold and silver values that can be processed by the low cost ximately $44,000,000. states that these continued on page 9 Inter-mounta- in Skyline Completes Well; Earnings Increase 40 the Well Draw Field, Skyline 'ow'ns a 25 percent working Company (OTC 7.50, 8.25) announces the completion of interest in the No. 1 Lowry the No. 2 Schrelda G Skyline Skyline Well. Completion proWell in the southeast portion cedure currently are being of the Well Draw Field in the undertaken on this well. AddPowder River Basin, Converse itional drilling is contemplated' County, Wyoming. The well in this area, in which Skyline flowed from the Teapot forma- plans to participate. At the same time Skyline Oil tion at a depth of 6,352 feet, on initial production at the announced that audited earnrate of 302 barrels of oil and ings for the first six months of 290,000 cubic feet of gas per the current fiscal year, to choke, November 30, 1975, increased day on a 2064-inc- h with a flowing tubing pressure to $440,000 from $311,000 for of 750 lbs. per square inch. the same period of the prevSkyline has a 25 percent ious fiscal year, representing working interest in the well an advance of approximately which was drilled by Davis Oil 40 percent. Earnings for the Company as the operator. period amounted to The Company also has a 50 35 cents per share, as contraspercent working interest in the ted with 25 cents per share in Davis Oil - Skyline Oil No. 1 the previous fiscal year. These Arthur G Well, which is a improved learnings primarily north offset to the No. 2 are attributable to an increase Schrelda. Drilling operations in revenues from oil and gas have just commenced on the production, which amounted offset well. to $556,000 as compared with In the northwest portion of $348,000. SALT hand for sweaty palms A helping Juristics Securities Law Seminars help you avoid problems under securities regulations. They're education on tape to protect you and your clients. LAKE-Skyli- Oil ne six-mon- th Complete, current, concise seminars covering the field of Securities Law, you learn at your leisure from experts. Listen and learn while you commute to the office, while you have lunch, in the evenings as you relax at home. Cassette Seminars in handsome album with compendium 12 the small Investment of only $1 00.00. Any one of the 1 2 sessions could save you many times its modest cost. All for THE NATIONAL JURISTICS Send for your Juristics Securities Law Seminars now. Subscriptions 1 8 35 Cents per year a Copy The Notional Juristics, Inc. 233 Parker, Suite Enterprise is published weekly by the National Enterprise Publishing Company, Inc, 500 Continental Bank Bldg, P.0. Box 11778, Pioneer Station. Salt lake Gty, Utah 84147. (801)533-055- 6 101 Second Class Postage Paid P.O. Box 11126 San Francisco, California 941 01 Please send me the Juristics 1 2 Cassette Seminar on Securities Law. My check for $100.00 is enclosed. R. m Salt Lake City, Utah George Gregersen Publisher Alene Name. E. Bentley Editor Street Address. .State. City Charge my Ryan B. Business BanKamericard Account Number Signature Zip. Master Charge Expiration Date. Powlton Manager Mary McMillan Gabor Staff Reporter Cydi Johansson Circulation Manager |