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Show Long wait expected on lake ownership ruling Even though a hearing to determine if Great Salt Lake is navigable has concluded, it will be months before it is announced whether title to lake bed lands will pass to the state of Utah or the federal government. After 2 12 days of testimony in the Utah Supreme Court chambers, occupied for the most part by a parade of witnesses for the state, the hearing ended abruptly about noon. Judge J. Cullen Ganey, chief judge of the U.S. Third Circuit Court of Appeals, Philadelphia, who was appointed special master in the case, gave the state until Aug. 1 to file a brief on findings of fact and conclusions of law concerning the hearing. . The federal government was given 30 days to reply to the state's brief and then the state will have another 15 days to file a reply brief. Ganey then declined to set any more dates on courtroom proible and the shorelands barren ceedings until late because of his and isolated. expected busy schedule in SeptThe concluding witness for the ember. state, John of The hearing of the navigability Silver Sands Silver, operator testified he Beach, of the lake is the first of two has a deep harbor at the beach steps the state must take to reand takes narrated rental boat ceive ownership of the lake bed trips on the lake. lands which contain an estimated He said gross income from the $90 billion worth of minerals. boat trips was $8,000 in 1963 Martin Green, attorney for the and this Increased to more than Justice Department, contended $12,000 last year. the lake is navigable by very large Silver's and other testimony boats, but there is no commercial attempted to show there was and trade or travel on the lake. is commercial travel on the lake He attempted to show through even though it may only be for one witness that because the . western and northern portions pleasure. of the lake are uninhabited there The lawsuit is the result of a is no reason to travel from one bill passed May 19, 1966, by side to the other. congress enabling Utah to buy He introduced into evidence a the lake bed lands at the fair 285-padocument containing market value ($4 million) or excerpts from books, historical take the case to court. The state documents and writing. He read chose the law suit route figursome passages which indicated ing it could still buy the lands the lake's deep water is inaccess if it loses the court battle. - ge Minerals Drilling to probe Minerals Drilling, Inc., a recently acquired subsidiary ofCas-cad- e Energy and Metals Corporation, has received the contract to initiate exploration work on the Miller Mountain and Jef- ments of ore will follow shortly. The underground workings will be expanded from the Ester Portal depending on the results of the drilling. ferson Canyon Silver properties of Tuma Corporation, a new Nev- In addition, an underground crew has started Improvements on the ore bins and underground facilities at Miller Mountain. Work accomplished during the summer of 1968 opened up ex- During the latter part of May, dozer work to prepare the drill sites on the Jefferson Canyon On May 15, heavy dozer equipment was moved to Miller Mountain 60 miles southwest of Ton-apa- h, Nevada to Improve access Shlp- - cellent grade barite ore. New firm gains support to Corporation, Classic million Mining sell May shares 10 stock at three cents per share. a new issue, intra-stainitits has passed corporation The corporation offering cirof $150,000 and ial issue goal should be trading on the open cular lists expected expendmarket this week, according to itures of funds for machinery and drilling, exercising gas and company officials. was approved oil leases and operating capital Classic Mining of State's for other minral exploitation Utah the Secretary by activities. Office May 1st to issue 40 non shares at three cents per Company officials report "exshare. It was approved by the and Exchange Utah Securities ceptional" local interest in the te Commission on the 15th day of project 50 miles north of Tonapah, Nevada will start silver with drilling planned on the main vein system to start in June. ONLY KNOWN SOURCES Two mines, the Shinko-lobw- e in the Belgian Congo and the Eldorado in Arctic e Canada, and the tailings at the U. S. vanadium mills on the Colorado Plateau were the only known uranium sources in 1942. low-grad- corporation. TEST DOQIUGS ENGINEERS, INC. ALL TYPES TEST Core Drilling Wire Line or -- Survey Work Anywhere in the Mountain West Standard Rotary Air or Mud Mine Underground Hole Drilling Long Cable Tool Water Wells 2300 W. 13400 South Riverton, Utah 84065 254-376- HOLES IN ALL WESTHN STATES Mining Exploration Claim Staking 254-424- 5 6 or Sampling MINING COMPANY interested in purchasing Uranium, Silver & Copper properties Write: Code P.O.Box 19243 Salt Lake City, Utah 84110 P-1- unsTTm.suun ritsoNNa equvmcnt r few g By Chuck Hayward Running a mining and oil newspaper gives one access to all sorts of interesting information most of which we dont Itelieve and couldnt print even it were true but the other day we received in the mail a large manila envelope marked Personal and Confidential with the return address of a San Francisco brokerage on it. The envelope was n and contained a note from a stock trader we wouldnt know from Adams off ox (as our paternal grandmother would have so hand-address- Phone SpringviBe long Distance 489-480- 0 ed hand-writte- suc-cint- ly put it). To add to our perplexity, part of the enclosed material was marked: NOT FOR PUBLIC DISTRIBUTION: THIS MATERIAL IS INTENDED ONLY FOR SOPHISTICATED INVESTORS WITH A SUBSTANTIAL KNOWLEDGE OF Not being a particularly sophisticated anything, let alone an investor, we almost returned the material forthwith, but we took a chance that the senders investigation facilities were less efficient than the CIA or the average auto insurance company, and decided to read on. MINING-GEOLOGY-FINANC- roads and to prepare drill sites. Drilling will commence sometime around the 1st of June, according to Minerals Fdrllling's Ely office. ada company. chuckin' E. Much of the information is already common knowledge to the Utah mining industry, but since it might not be known to others on our circulation list, well risk the wrath of our mystery informant and pass some of it along. The information deals with the East Tintic Utah and three small Mining District of Eureka mining companies operating in the area Lilly Consolidated Mining Co., Eureka Standard Consolidated Mining Co. and South Standard Mining Co. All three companies are quoted on the Salt Lake Stock Exchange from 85 cents for Eureka Lilly, to $2.75 for South Standard. west-centr- al The information tells that in 1956 this Tintic Group (including Tintic Standard Min- ing Co.) and several other mining claim owners in the District leased their properties to Bear Creek Mining Co., a subsidiary of Kennecott Copper Corp. on leases later assigned for a period of 50 years with renewal options for an additional 50 years. so-call- ed Under the agreement Kennecott advances the money to explore and develop the various properties. Payments to the companies are based on net smelter returns and range from Eureka Lillys 14.65 to South Standards 34.09. At a time when large mines wholly owned and operated by huge mining corporations are the rule, the informant writes,these three small companies will become the exception by participating in one of the largest developments currently under way in the United States. He lists three points: - 1) These Trixie area claims containing mineralization are expected to pierce other geologically favorable areas with their large vertical shaft. I I silver-lead-zi- nc 2) They receive dividends on the production from the Burgin mine, a major U.S. silver hi-gra- de 11 producer. CONSTRUCTION & DRILLING 1045 W. MAW CO. MAHSIONI 3) A large mill is under construction to pro- continued on page five) 1 |