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Show Page 2 Faith Pays Off For Wl JteacRgfl Published weekly in Salt Lake City, Utah by Utah Scene Publishing Co., 4386 W. 3780 South, Granger, Utah 84120. Mailing address: P.O. Box 19243, Salt Lake City, Utah 84119. the mining and oil industries of the Rocky Mountain Region. Articles and information contained herein are true and factual to the best knowledge of the publisher. Information and opinions published Serving are the sole responsibility of the publisher and do not reflect the attitudes or. opinions of the merchants, brokers, corporations and service firms who advertise herein or otherwise sponsor this publication. Subscriptions $1 0 per year 25 Cents a copy Advertising rates: Display Advertising Classified Advertising $2 col. inch .$2 for 20 words Phone: or 298-240- 3 298-370- 3 Editor & Publisher. Chuck Hayward Enid J. Hayward Hal Funk Assistant to Publisher Director of Advertising. (U) WASHINGTON commercial traffic. The trouble with the lake, he said, is that it doesnt go anyplace, You cant get within a half-milof the shore. Griswold said that in 145 years only a few ships have used the lake commercially. This is local and insignificant traffic compared with that on a true highway of commcrce,he if Griswolds argument upheld, the state will permitted under is a 1966 law be to negotiate for the purchase from the federal government of mineral rights at the lake. L. Dcwsnup, Utah special assistant attorney general, said the lake was a navigable body of water in 1896, has been used as such since that year and promises more traffic in the future. Industrial plants arc being built aroung the salty lake, which is 77 miles long and 32 miles wide, Dcwsnup said. Th ere is extensive mining activity in the area and over 600,000 acres have been under oil gas leases, he added. Griswold argued that the lake Scientists seem to feel that if there are no creatures like us on Mars there are no creatures like us anywhere else in i r t i t t ' Nevada Although geologists had indicated extreme Cawelti reported that improbability of striking oil in western Nevada, the two men started the drill hole at a spot incomplete records showed that some type of gas had been encountered. which had been indicated Working on the project were Terry Lemon, Dave McCormick, Mike Boulton, Robert Cawelti, Bob Boulton, Rodney Hudson, Darrell Hudson, Terry Hudson, Lar-- y Hughes and Harry Gilbert. previously by William Wright, Sr., in 1951. Wright, Sr., is credited with discovering the Cuyama Valley Field in which provides a of major source of oil for oe California, ri i i iI SILVER MIRING STOCKS I I Wo specialize in silver, gold and uranium stocks and selective penny mining stocks. We accept collect calls on buy orders. have profit peteatial RANGE i iI i &c TO S60 FER SHARE J. H. DILLON W. 412 Sprague, Spokane, Wash. & CO. 9f2bl, Tel. I3S-443- R Member Spokane Stock Exchange iiunmainMU! 2&C JULY 10,000,000 shares Common Stock to decide whether Utah must commercially navigable in a legal sense. of Ralph Pointer. NIW ISSUI has never been used the lake has never been been drilled before and only three holes, only one of them deep, had been drilled in nearby western Nevada. The deep hole, at Columbus marsh, about 20 miles away, had been drilled to a depth of 5200 feet in 1925 and Logging operations were carried out under the direction gtm -in Navigability was argued a case pay the federal government for minerals in the great Salt Lake. Lawyers for the state and federal governments argued at a hearing before circuit Judge J. Cullen Ganey of Philadelphia, special master who eventually will ask the Supreme court to make a final decision in the case. Utah attorneys contended that the lake was commercially navigable when Utah became a state in 1896 , so it has always owned the minerals in its water and bed. Federal Solicitor General Erwin N. Griswold argued that dcatters (Continued from Page 1) Cristo Oil Corp., a joint venture of Wright and Cawelti, the drilling operation has been financed almost entirely by the two local men who carried out early operations in the middle of one of the worst winters in recent Nevada History. Their enterprise and faith in Wright, sr.s geology paid off first in early April when oil was struck at the 3,640 foot mark, and again when the 4,657 foot mark was reached in August. No announcement were made of the strikes at the time until the newest oil find had been fully confirmed by the logging tests. The oil is low gravity, similar to that found in the Railroad Valley wells, and the operators feel it will flow freely with a temperature of 256 degrees reported at the bottom of the drill hole. Pumping tests will be made immediately to determine the flow of the Wright No. 1 well and other exploration will the major U.S. oil companies. The immediate area had not be carried out to determine the full capacity of the field which both men beUeve wffl be a big one. Mmmammmummmmmmmmmmmmammmmm . S . , (U) ff on Do Richard October 13, 1969 OIL & MINING JOURNAL interstate SILVER FORTUNE MINING CO. as an of highway e Offering Price .02 per share This offering is made by the issuer to bona fide residents of the State of Utah only pursuant to a claimed exemption from registration requirements of the Securities Act of 1933. This announcement is neither an. offer to self nor a solicitation of an offer to buy any of these securities this offering being made only by the offering circular. Copies of the offering circular may be obtained from the undersigned. Call or Write Silver Fortune Mining Co 341 South Main, Suite 512 Salt lake City, Utah added. Griswold said the lake has PHONE never been practical for commerce because of its salinity, shallowness, muddy shores, lack of harbors and piers and isolation. Navigable lakes, he usually are linked ot 30, 1909 321-929- 3 This announcement is neither an offer to sell nor a solicitation an offer to buy any said, rivers providing access to other regions and states. Edward W. Clyde, also a special assistant attorney general for Utah, said that some navigable rivers are not as long as the Great Salt Lake. He said the lake has harbors and piers and it has been used by many large boats and barges over the years. of of these securities. The offering is made only by the offering Circular FOR UTAH RESIDENTS ONLY 6,000,000 Shares MOUNTAIN STATES RESOURCES The lake could sustain continuous commercial shipping by the largest ships 365 days a year, he said. Griswold said that the Queen Mary possible could be used in the lake but how would you get her there and where would she go? he asked. This is an interesting lake, Griswold said. You can float on it, but not many people want to. the Solar System. Other scientists, who have been studying creatures like us, feel this may be just as well. t t Copies of the Offering Circular may be obtained from the Underwriter. mmlt |