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Show Page 2 October 20, 1969 OIL & MINING JOURNAL Mr j i i i C3prif sKtoig) JteaBagJ 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. - based Arizona-Colorad- o Land & Cattle Co. has reported the discovery ore of a large, low-gratungsten deposit on its Gamble The Phoenix fadl tamgisflem 25 million tons of ore with an average of 0.19 per cent tungsten trioxide have been proven and an additional 17.4 million tons of the same grade Ranch near Montello in ore appear probable at the ranchs Indian Springs tungsten northeastern Nevada. deposit. F. Michael Geddes, president, The deposit is approximately said the new ore body should 30 miles north of Montello. add significantly to. the total Claims in the area were sold to US tungsten reserves. Arizona-Colorad- o Land & Cattle He said an independent Co. in August, 1968, by D.L. geologists report indicates that Pruitt and Norman E. Ludwig of de the mining and oil industries of the Rocky Mountain Region. Articles and information contained herein are true and factual to the Serving best knowledge of the publisher. Information and opinions published 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. t 25 Cents a copy Subscriptions $10 per year Advertising rates: Display Advertising Classified Advertising I $2 col. inch .. Phone: or 298-240- 3 298-370- INTERPHASE 3 Registrar i - Editor & Publisher. Assistant to Publisher Director of Advertising. Chuck Hayward Enid J. Hayward Hal Funk : I & Transfer Professional Stock Transfer Agency r liiis Salt Lake City CSdm SoDveir Utah Jerome C. Martinets Jr. of Denver has joined King Silver Corp. as vice VERNAL, charge of president in and exploration stated Cecil C. Wall, King Silver Corp. production, president of Martinets is a graduate of Texas A&M University with a B.S. degree in geology and attended graduate school one year. He will be coming into King Silver Corp. with some 12 years experience; five years with Carter Oil Co. and Humble Oil & Refining Co. as geophysicist in the Rocky Mountain area; seven years as an independent 322-169- 6 ! j business from exploration to production and operations. Wall also stated that King Silver Corp. has opened an office in Denver at 428 Patterson Bldg., which Mr. Martinets will maintain and supervise for King Silver Corp. g penny mining I 1 gold md urenium stocks end selective stocks. We accept collect calls on buy orders. in silver, J. H. DILLON 1 J & CO. W. 412 Sprague, Spokane, Wash. 992bl, Tel. (38-443- 1 Member Spokane Stock Exchange i decomposed, JULY 30, 194! This off f ring is made by the issuer to bona fide residents of the State of Utah only pursuant to a claimed exemption from registration require- ments of the Securities Act of 1933. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities, this offering being node only by the offering circular. Copies of thn offering circular may bn obtained from the undersigned. CallorWrito quartz. visible flakes and pieces of gold. At the annual stockholders wire-lik- e meeting, two directors whose three year terms were expiring were They were Arthur H. Ellis, of Reardan, Wash., and Clarence A. Kolstad of Chester, Mont. The board This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made only by the. offering Circular NEW ISSUE FOR UTAH RESIDENTS ONLY d. 6,000,000 Shares subsequently president and Kolstad, Ellis, vice C. Mrs. Marie Meyer, president. Spokane, was reappointed secretary and Mrs. Arthur H. Ellis, treasurer. N. American Resources obtains Panama rights HOUSTON North American Resources Corp. of Houston, Tex., announces that it has obtained extensive mining concession rights off the coast of Panama through the acquisition of a Panamanian corporation. The announcement, made jointly by David L. Hooper, president of North American Resources, and William S. Perry, executive vice president of the Resources Corporation of the . iron-staine- d Some of the richer pockets in the lower workings the exchange of an undisclosed amount of North American slock. North Americans new mining concession rights are in the Bay of Montijo, on the Pacific Coast of the Republic of Panama. PRICE PER SHARE Copies of the Offering Circular may 10$ be obtained from the Underwriter. Preliminary engineering examinations of the concession have shown the presence of rutile, gold and mercury. Hopper pointed out that additional engineering surveys Americas, said that North must be made lx1 fore any American has acquired commercial value of the minerals Resources Corporation of the can he properly assessed. Americas S.A., a wholly-owneResources Corporation of the Panamanian subsidiary of Resources Corporation of the Americas operates concessions Americas. through subsidiaries in Central and South America and has its THE ACQUISITION involved main office in Abilene, Tex. I I 1 I I id! Silver Fortune Mining Co 941 South Main, Suite 512 Salt laka City, Utah PilOHE32M293 reportedly contained gold-bearin- ip.ci.lizc Offering Price .02 per share has been Spokane to determine the scope of a nickel-bearinzone, it was announced by Tibor Kobusicky, the firms consulting mining engineer. Kobusicky said he is recommending diamond drilling zone to of a determine values at depth in a vein which is more than 3,000 .feet in length. Assays showing from 2.5 and 3.5 per cent nickel content were obtained from the property in bygone years, he said. In the oxidized zone, gold g W involved in all phases of the oil years Martinets was found in the tree slate in of A I I f I have profit potential RANGE tc TO $40 PER SHARE 10,000,000 shares Common Stock SILVER FORTUNE MINING CO. SPOKANE A magnetometric survey of its Blewett Mining District property is planned by Co. 1 1 geologist, working very closely with Ken Luff & Associates of Denver. During the last seven magnetometer survey Gold Bond Mining SILVER MINING STOCKS A NIW ISSUI Gold Bond considers ; Geddes said that in addition to 105 test holes already drilled, the firm plans to drill at 30 more locations to obtain a preliminary determination of the possible ultimate size of the deposite. Upon completion of the drilling and development program in December, the company will investigate possibilities of a joint venture for the production and marketing of the tungsten. P I .$2 for 20 words Montello, and Rex Sprague of Wells. FIRST FIDELITY UNDERWRITERS 249 East Fourth South Salt Lake City, Utah d 521-68- 00 . |