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Show Page 6 OIL & MINING JOURNAL Un. Equities finds James manager Inc., H. Wardle, announced that 15 new faces cut on Uniteds Osborne properties near Hanksville, Utah, have field for United Equities, Salt Lake City, has Complete Financial Planning O.T.C. Stocks Listed Securities Mutual Funds Term Life Insurance (801) 3284871 e - jac&Aan - 9Wonn, Sine, 150 South 6th East Suite 2c Mambtn Philadelphia near Hanksville U-o- re revealed uranium ore ranging in thickness from three to 30 feet. Wardle said forty drill sites have been prepared for future drilling operations on the 441 claims owned by United Equities in the area about 40 miles from. Hanksville. He said tests made on the ore samples reveal Uranium 238 in quantities amounting to a minimum average of .0015 per cent, or three pounds per ton of ore. United Equities recently completed construction on 7 miles of improved dirt and gravelled roads into the Garfield County properties which are located on what was once an old lake bed. Wardle said the strata is visible in one direction for Vh miles and is dearly visible for 2 miles in the ore-beari- ng opposite direction. said the overburden depth to the ore-bearin- strata, which lies g between The combination of open pit mining and dose proximity to a mill should make this a very profitable said. There are approximately 800 acres in this area suitable for strip mining, Wardle said. He Shinarump and Moenkopi Conglomerate shale, averages just 33 feet. He operation, Wardle noted that United has already acquired property for the erection of a permanent mill at Hanksville. Equities Salt Lake City, Utah 84102 Baltli Washington Stock Exchange TRIPLE YOUR INVESTMENT! Invest in a corporation before it goes public, 300 or better. Venture capital needed by new corporate enterprises preselected by B.S.H. as sound opportunities. These are highly speculative investments . Minimum considered $5,000. Write for brochure: Brigham Street House Corporate Financing P.O. Box 11232 Kennecott Building Salt Lake City, Utah LIMITED TO UTAH RESIDENTS ONLY! offering is issued under the authority of a certificate of registration issued by the Utah State Secur- This ities Commission. Stock is now being offered for sale 6,000,000 shares MOUNTAIN STATES RESOURCES CORPORATION Price 10c per share Copies of offering circular may be obtained by calling or writing the underwriter. or Write BARRAC0 AND COMPANY 521-332- In a recent directors meeting in the company's new offices at 918 Kearns Bldg., Salt Lake City, Big Indian Uranium Corp. that reported Assodates have started drilling a new oil well which will indude Big Indian property. Kimbark 0 will be a unitized well and will indude the south end of Big Indian property in Sec. 34 & 35, according to company officers. Kimbark Associates are working with Union Oil Co. in the drilling program to explore the Mississippian formation. This Leland secretary-treasur- W. Halvorsen, and director er of Big Indian for resigned. Mr. 15 years, has Halvorsen nominated his replacement, Fred D. Neisler, an experienced mining man. Neisler was Shareholders of Ashley Valley Oil Co., a Utah corporation, and the Seven Points Development Corp. .have agreed to a merger of. the companies. The merger agreement, stockholders completed gave their approval, is the culmination of a series of transactions involving officers of the new company, according to Laurence D. Knepper, president, and Frank O. Barker, chairman of the board, of Ashley Valley, Ashley Valley, with some 450 stodcholders, has oil and gas produdng and other mineral properties in Utah and Nevada, while Seven Points held properties in Oklahoma and Kansas. Laurence D. Knepper, Buck D. Jones and Frank O. Barker joined the board of Ashley by Big Indian. Valley in April, 1969. In the meantime, Mr. Knepper, Mr. Jones, Mr. Barker and John W. Kaye and George W. Knepper imeorporated various Oklahoma and Kansas properties as Seven Points Development Corp. with Laurence Knepper as president. They have exchanged the Seven p0ints properties for 1,950,000 shares of Ashley Valley to consummate the merger. Utah Land Board to hunt Anaconda site for the processing of beryllium ores. The land some acres now is 800 under the jurisdiction of the Bureau of NEW ISSUE approved by the board of directors. Directors were also informed that Eureka Western Mines has contracted Anderson Mining & Drilling to initiate a drilling program on their 112 uranium claims in the Bison Basin area, Fremont County, Wyo. The property is located directly east of the daims now being drilled Ashley Valley principals in merger Utah VERNAL, Utah-T- he State Land Board has agreed to try to select a mill site for the Anaconda Co. in Juab County UNDERWRITER 123 lest 3rd South Silt Lake City, Utah Phone No. Big Indian joins in oil well when NEW ISSUE Calf August 18, 1969 NEW ISSUE 300,000 Shares Capital Stock STANDARD PHARMACEUTICAL COMPANY (A Utah Corporation) (Par Value 10c Per Share) OFFERING PRICE: $1.00 Per Share This announcement is neither an offer to sell nor a solicitation of an offer to. buy any of these securities. Copies of the Offering Circular may be ob. tamed from the Undersigned authorized agent for sale of shares. Standard Pharmaceutical Company Land Management. The State Land Board would attempt to get the site under its land selection options with the federal government. The request for the site was made to the board by Topaz Beryllium Co., in a meeting at Vernal. Anaconda owns a majority interest in Topaz. Earlier this year Anaconda confirmed it was considering the possibility of building a mill in Utah. A company spokesman said a decision has still not been made, but site selection is being made in the event of a decision to go ahead. The site lies in the central part 0f Juab County near Anacondas Topaz Mountain claims. (SQGsaipu&ecD&ed raeg)(s7 fld!i VroEaGOeii1 Secvnce Immediate stoddioMtr mailings Accurate lists of stoddioldtrs both engraved or punchcard cortificates co Alan Coombs SECURITIES TRANSFER, INC. 70 South 9th East Salt Lake City, Utah 2 Telephone Registrar & Transfer Agent 1935 South Main St., Suite 538 Salt Lake City, Utah 841 15 322-090- |