OCR Text |
Show LUCKY BOY PLANS DRILL EXPLORATION A. C. Wandel, general manager of the Wandel Exploration company and of the Ducky Boy Mining & Milling company, the property of which is located in Park "Valley, has issued a signed statement to the effect that during 1916 the production of the ore, carrying gold, silver and copper cop-per values, "just about kept pace with the expenditures." For this reason active operations have been suspended, and it is planned that within the next thirty days a diamond drill outfit will be installed to make a thorough scientific exploration of the ground which is so favorably located, being a neighbor of the Century and fHisan, that have paid millions in dividends, divi-dends, as to leave no doubt in the minds of the owners of ultimate profits. The company was incorporated for 500.-000 500.-000 shares, par value 10 cents. 300,000 shares being held by subscribers, with 200.000 shares in the treasury. To furnish fur-nish funds for the development and exploration ex-ploration work, an assessment of 40 per cent has been levied on their stock, which means that 120,000 shares will be turned into the treasury stock and sold for development de-velopment purposes. |