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Show OMJ Page 6 - November 2, 1970 Geochemical studies outlined Silverore Mines to acquire control in new publication of Holiday Queen Land Corp., Nevada A preliminary report describing geochemical studies of Mr. Smith, Gold Resource Pbtential of the Denali Bench Gravels, Alaska," is scheduled to be published by the Geological Survey in Professional Riper the western Qearwater Mountains of Alaska has been placed on open file at the Mackay School of Mines library, University of NEvada, and at U.S. Geological Survey centers in the western United States and Alaska. Author of the report is Thomas E. Smith, newly appointed Lecturer in Geology at the Mackay School of Klines, who spent seven years in geological and geophysical work in Alaska with the U.S. Geological Survey and Standard Oil of California. Most recent in a series of Alaskan paper by Mr. Smith, the current study, entitled Results of Geochemical Sampling in the Western Clearwater Mountains, Alaska," presents analyses of stream-sedimeand bedrock geochemical samples, and new 1:31,680 scale mapping of the Clearwater Mountains, located in the llealy quadrangle about 160 miles northeast of Anchorage. An earlier open file report by 700-D- . Smith received his Master of Science degree from Stanford in 1965. He began work on his Ph.D in geology at the Mackay School pf Klines in 1966. Combining study with professional employment under the Geological Survey, a training fellowship under the National the outstanding capital stock of Holiday Queen Land Corp. cf Nevada for 1.9 million shares of a new $1 par value Silverore stock. The name of the Spokane firm will make the possible. trans- - action entered into Silverore a tentative agreement with Holiday Queen Land Corp. on Sept 22 the letter to stockholders disclosed. The agreement was contingent the adoption of the then would be changed to upon necessary amendments by Holiday Western Corp. and all of vote of the outstanding the outstanding Silverore shares Silverore stock, totaling of value two-thir- ds exchanged par for the new SI par value stock on 10-ce- a 10-for- -l nt basis. 3,526,426 shares. The letter said the Holiday Queen Land Corp. owns property on The Strip in Las Vegas upon which Holiday Inns of American has agreed to build a 500 room hotel. The land company has retained of the ground upon which it intends to construct a casino facility, it said. Details of the transaction will be disclosed at the stockholders meeting. The proposed new Holiday Western Corp. plans to retain Silverore s mining properties and maintain its interest in the mining field. Silverore s mining claims near Osburn, Idaho, were leased to Sunshine Mining Co., in 1968 under an exploration agreement. A balance sheet accompanying the letter showed cash assets of $500 on Sept 30 and current liabilities of the same amount. a portion . Silver-or- has about 700 e stockholders. 1971. He is currently serving as replacement for Klalcomb J. Hibbard, Associate Professor of Geology at the Mackay School of Mines, who is on sabbatical leave academic during the 1970-7- 1 year. Figures for the first nine months showed a loss of S3 5,271, United Park City Klines Co. reported a profit of $95,318, or two cents a share, for the third quarter of 1970 compared with a loss of SI 58,773, or 4 cents a share, for the 969 quarter. or one cent a share, compared to S278.225, or six cents a share for the year ago nine months. Third quarter income was S61 2,999 compared to S773.306 1 i The profit was after for the 1969 third quarter: depreciation and amortization but aefore depiction. income was Nine-mont- h S2,525,l 33. alif. Portland Cement an AMEX - It was LOS ANGFLES nnounccd here by California Fact-Pack- ed with MORE for the Aggressive Investor! Over The Counter reports profit Stock Digest Over 200 PENNY and other low priced Stocks trading actively in UTAH, the Intermountain West and Nationwide Over-the-Count- ith ticker symbol CPO, California Portland also Commission Rates Formerly traded California concrete products in Caiif- - ornia and Arizona. It also is engaged in land development and iow-cohousing in those states; and h Portland president Richard A Grant stated. This move to the Am ex and P.C.S.E. is another step forward in broaden ins the jwiu'n!;;d o! o.ir company s lock. The recently split its - Splits & Name Changes Agencies and Associations Useful Terms in Oil and Mining presently manufactures cement and ;0th, 1970. 9 Transfer Agent 9 Name Changes 9 Mergers 9 Capitalization 9 Financial Data 9 Officers 9 Annual Meeting 9 History 9 Current Activity 9 Dividends Price Ranges Address shares. Friday, October er O.T.C. Digest Tells You Each Companys stock on a basis of two shares for one share to shareholders of record as of October 15, following an increase in its authorized capital slock from 3,000,000 shares to 6.000,000 'ortland Cement Company that s stock has bceri listed on the uncrican Stock Exchange and he Pacific Coast Stock Exchange jver-l- Mines, Inc., proposes to acquire and Space Un. Park City Mines omntcncing have ers been informed that Silverore A special meeting of Silverore stockholders has been called for Administration, and graduate 2. pm Nov. 16 in Las Vegas to teaching at the University of adopt amendments to the firm's Nevada, Smith, 33, has now articles of incorporation which completed his doctoral work and will receive his degree in Jan., Aeronautical nt t SPOKANE-Stockhold- st through its 5 2V ? owned subsidiary, State Exploration Company, participates in oil and g:; exploration in the Anadurko Basin of Oklahoma and Texas .. SEND FOR YOUR COPY MOW 0. 7. C. DIGEST $4.50 a- - CHRIS'S. METOS f. Wirt PUBLIC RELATIONS 308 Ness Building 363-220- 3 Salt Lake City, Utah S4110 UCEHSEO SECURITY SALESMEN Please mail A Utah corporation currently engaged in an intrastate offerinq of $1 million dollars, needs Name additional sales agents throughout Utah. Address For additional information please contact D. C. Lloyd, 484-522Outside of Salt Lake, dial toll Telephone: (SOI) copies of the OTC STOCK DIGEST (tf $4.50 to State Zip 1. free" Also publishers of "Digest of Stocks Listed on the Salt Lake Stock Exchange" - $5.00 |