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Show OIL & MINING JOURNAL MARCH 30, 1970 Bullion receives Monarch Silver Scott Mines favorable on assay antimony Idaho acquires mining property ELKO, Nev. Monarch Bullion Co., a multi-miner- al ng lining, development and xploration company, received Earl president (Scotty) Tenley, of Silver Scott Mines, Inc., has announced the acquisition of a state lease on 1680 acres equivalent to 83 north of Bunker mining claims - in the Coeur d'Alene silver Hill belt. The property consists of approximately 3 sections located north of the Bunker fill tailings pond and shares a common boundry on three sides with Bunker Hill. A well known Wallace, Idaho, geologist has stated that this area is saturated with the same type of rock formation that all the big silver-lead-producers in the district were zinc develped from." Copper showings have also been found in the area. Scotty Tenley states we are indeed very fortunate to obtain this prime property in such a stategic location. Now we are on the map. Ihe possibilities of such a vast property, here in the n assay report indicating 10 .ntimony in its White Caps dine. The sample was taken shut-dow- n in 1941. Much foresee early mining of of the original machinery antimony ore worth upwards of remains as does the 800-fo- ot main shaft and other extensive . ng Wildcat well comes in for Energy Minerals ore-bod- y, asilver-lead-zin- TOLL FREE Colorado Oil and Gas Conservation Commission has the name of Rimrock field to Energy Minerals and Toltek Drilling Companys No. 1-- 23 Sauter gas and condesate SALT LAKE CITY 322-58- MEMBER SALT LAKE STOCK EXCHANGE j Profits an Image Create and Energy Toltek Drilling No. Leasure 1-- 35 recompletion. The report said the Energy 1970 Progress Report of the company, and reportedly is currently producing income to Minerals and South Development Co. No. 1 Texas Springer well in Hodgeman County, Kansas was unsuccessful. The includes the Veta Grande Mine and Mill located 30 miles south of Carson City, Nevada, and has now completed negotiations and is the owner of the Terex Corporations assets in the state of Nevada, so announced Charles II. Branstetter, president of Standard Resources, Inc. Hie purchase of the Veta Grande Mine and its assets is a milestone for Standard so stated Mr. Resources, Inc., Branstetter, because it should make us one of the major producers of silver concentrates in the U.S. and also make the company one of the larger producers of hi-puri- ty Nevada corporation, with principal offices in Carson City, Weston Inc. INVESTMENT SECURITIES Members Salt Lake Stock Exchange Nevada, is diversifying into the natural resource field through merger and or acquisitions with particular emphasis on mining and processing. i Brokers , Underwriters , & Mining Companies We Understand Your Needs HI INVEST WITH OUR A MARKET SPECIALISTS OVER-THE-COUNT- a column inch. Wednesday proceeding desired growth through direct acquisition pf quality producing oil and gas properties in the United States. siliva sands and products on the west coast. With 35 million tons of proven ore reserves we are going to be around a long time. Standard Resources, Inc., a and Company, DSPILAY reportedly has plans for restricted core drill and possible seismic work to further assess other leaseholdings in the Hodgeman County area. According to a report from the company, the Board of Directors is considering a number of opportunities for Standard Resources is new owner of Veta Grande its Nevada operations which Build well well is scheduled for Standard Resources, Inc., has been negotiating with Terex Corporation, for the purchase of VQD the company, another Minerals discovery in Adams County, was announced in the January 15, 75 Company markets the condensate. According to the report from Colorado. The discovery well Let Our Experts in Penny Mining Stocks Help You With Your Portfolio Deadline: caused s 326 Kearns Bldg. Salt Lake City, Utah 84101 Only $2.00 of more than $6 million worth of gold was recorded until fire $200 per ton at the present domestic prices. Robert D. workings. A 10,000-t- on rom. inside of one of the old Morris Sr., chairman of the accumulation of gold ore, 3 ounces of gold per comes from this area. itopes at the 1 70 foot level and board of Bullion Monarch, said running was abandoned in stopes at ton, had antimony, 13, that their investigations This 1680 acre lease could be issayed at 10 1,000-fothe ot level, according stibnite and about 3 revealed extensive deposits of 14 organized into a subsidiary of to old records. to Bullion the in ore ounces 10 of ton, gold per lump antimony Silver Scott Mines, Or, in the Additional assaying reports said. officials Monarch old east workings while mines venet it is too large for them. A. are The assay, by Abbott old records showed the presence expected soon from Salt they may consider a joint Hanks Assaying Laboratories of of 33 deposits in the westerly Lake City and the company is venture with other mining obstructed by presently trying to determine San Francisco; gives portion which-iinterests, according to Mr. confirmation the costs for to the old records debris. the Tenley. that indicate White Caps Mine was White Caps shaft which is 800 which mine The the of When asked about the 136 r vertical. claim property at Murray, Idaho, there are larger and higher grade originally worked selectively for Bullion Monarch is traded on the 500 level gold while extensive antimony known as the Lost CAbin Mine, lenses of stibnite at as were Salt Lake City Stock the below. and ignored deposits being Mr. Tenley reported: We have the Production at valueless time. On March 11. Bullion Exchange. worked continuously through the winter at our Murray Division, and are now in nearly 500 feet. We have hopes of. which crosscutting the is the downward continuation of c vein exposed in an old upper tunnel, in the very near furture. Then will come a series of The initial offering of 3 million the company from production principal objectives at the drill long hold drilling and mapping, shares of Energy Minerals Corp. of one million cubic feet of site were Mississippian Warsaw As of this week we are starting common stock was completely natural gas per day and 12 to 14 rocks which were absent in the to get good quartz showings. sold out earlier this month, barrels of petroleum condensate. anticipated structural position Union Oil Company of necessary and favorable for oil according to a report from the California is purchaser of the production. corporation. the the to gas, and Rock Island Oil According report, Energy Minerals Corp.. heart of the CDAs are immence, since 49 per cent of the silver produced in the United States LINDQUIST SECURITIES Inc. Can Monarch announced that it was the White Caps Mine at Manhattan, Ven., and could publi- cation date. Call: 298-24and one of our creative representatives will assist you.. Salt Lake City 2000 Univ. Club Bldg. 136 L South Temple 1 Phone: Las Vegas Provo 163 N. Univ. Ave. .1721 L Charleston Blvd. 384-299Phone: 7 Phone: 5 364-197- 03 & PRINTING 8c LITHO 3479 SOUTH 2700 WEST 298-2- 403 374-82S- . i i i E3 E3 ElEa E3 ca E3 E3 |