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Show FEBRUARY 2. 1970 OIL & MINING JOURNAL Phge3 Stomdaffd Tram Coirp. Mocks omit sfflveir Tuma Corporation of Nevada reports it has blocked out silver ore on its Jefferson Canyon property near Round Mountain, Nevada. Drilling on site shows extensive deposits of silver ore which indicates an open pit operation, according to Einar Erickson, company geologist. As a result of the drill test results, management is negotiating for the erection of a 1,000 ton-per-da- cyanide y processing mill in the property, according to a news release from the company. The company engineer points out that ores containing just oyer one ounce silver per ton is profitable, while allowing for removal of 3 tons of waste and overburden per ton of ore. Commencement of operation would be on a site with only 4 ft. of overburden on top of the ore body which in places is o several hundred feet thick, according to drill hole records, Wyo. property the company said. The Jefferson Canyon property was RIVERTON, Wyo. Western Standard listed in the one of of Tuma prospective which its property acquisitions during the Corporation completed initial offering last year. summer of 1969 near Kaycee, Wyo., on the western flank of the Powder River Basin. Itek City Mines, Calif, firm In the stockholders, Ray Byers, vice president and general manager, said the property corttains more eye joint recreation venture PARK CITY, Utah-Uni- ted Park City Mines Inc, and Royal Street Development a Co., California development company, confirmed they are in negotiations that could grant Royal Street an option to acquire an interest in the mine's Park City resort facilities and operations. United Park City Mines is an amalgam of older mine before the turn of the century and has been companies engaged formed in the principally mining of lead, zinc and silver ores. It entered the resort business in 1963 with an Area Redevelopment Loan and has since developed a major winter and summer complex utilizing its existing and acquired surface properties. United Park City and Royal Street said final agreements have not beea reached. These will be subject to approval Park stockholders of United by City Mines Co. Until 1963, Park City had been a wonderful bit of the late 1890s tucked away in the flank of the Wasatch Mountains. report to year-en- d than 45,000 acres Permeator Corp. will acquire an interest in two prospective gas wells to be drilled and more than n gas 64,000 acres of But Park City seemed a natural for recreation mineral leases. EXPLORATION of the development. And with the price of lead and zinc then badly property is underway: shallow depressed, management was radioactive anomalies will be looking for other ways to make explored in the third phase a buck. drilling program. "The Kaycee Project offers a rare opportunity to work from the shallow down toward the deeper potentials, Byers said, "When drilling is resumed in the third phase, any shallow, small Two com panies Anaconda and ore bodies will be defined first, American Smelting, Refining & working out the ore controls and The firm created a recreation divison, applied for and got a $1,232,000 ARA loan. Into the financial pot, it tossed its own 10,000 acres of mountain land. other mining semi-prove- lands in Utah, the firm announces. Permeator Corporation's and PERMEATORS' PERM AF LOW chemical wll be used in completion of the gas wells. The agreement, with General Hydrocarbons Corp. of Utah, will provide Permeator Corporation with a interest free in two gas wells to be drilled, an option to acquire a similar interest in more than 100 square miles of leases, and one-quart- er square mile are possible test Permeator Corp., stated this is a significant opportunity for his Basin total about 800 feet in company to demonstrate the unique advantages of its well A-bo- G As-lade- sands of the Uinta n thickness between depths of 5,000 to 10,000 feet. According to authoritative estimates, about PERMEATOR For information on the activities of Permeator Corporation, call or write J. L. MOSS, COMPANY, SALT LAKE CITY, UTAH 521-38- consistently associated. Drilling has not been extensive enough to locate ore bodies along the deeper roll fronts. Westan is hopeful that the potential of the Kaycee Project will prove to be equivalent to that of any of the major uranium districts in Westan that Wyoming. expects more than a year will be required to prove this potential." tv gas-beari- Inc. . INVEST WITH OUR MARKET SPECIALISTS OVER-THE-COUNT- ER Salt Lake Cfy 2000 IJniv. dub Bldg. Permeator Corporation's completion methods in the thick sections could mean a major addition to U.S. gas reserves. and Company, 136 L South Temple Phene: 364-19- 71 Las Vegas .1721 L Charleston Bhrd. v 384-29- 163 N. Ihriv. Ave. 374-825- 7 95 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 November 3, 1969 10,000,000 Shares Common Stock SdQQFoD UDDQy ff OddGo ($0.02 Par Value) Price $0.03 Per Share INC. 29 EAST SECOND SOUTH (801) ore grade mineralization Copies of the offering circular may be obtained from the undersigned in any state in which the undersigned may lawfully offer these securities. Representative & significantly in the values of the Kaycee Project.' Byers continued, "Drilling to date has proven that the altered sands exposed at the surface have chemical roll fronts at depth, and these roll fronts have INVESTMENT SECURITIES Members Salt Lake Stock Exchange recoveralbe, having a value at PROJECT RULISON atomic the bodies. Vanadium figures L current prices in excess of $5 million per square mile. Wells are spaced at one per square mile. Successful application of geologic section as the further joint operations. J.R. Latimer, Jr., President of beneficial in preparing a more efficient drilling program in the deeper, more extensive ore 4k -- processes. blast test of last September, which is to be opened in March. This new method could hold even greater potential for gas recovery from the region than characteristics which will be $2 million. 30 billion cubic feet of gas per Utah where thick sections of sands have multiple-layere- d defied conventional drilling and completion methods. Improved completion methods, it is felt, will open up each of more than thirty gas reservoirs to each well and provide effective drainage. The sands are in the same sand trends and sand Mining brought the kitty up to completion and stage cementing Leases have been acquired in the Uinta Basin in Northeastern 973 unpatented lode mining claims and over 7,000 net acres of fee ffteamsatoF Corp. acquires well DALLAS Texas 1 at the same time working out details of the sand trends and 30 12 Exchange Place Salt Lake City, Utah Phone 521-672- 0 |