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Postage t PAID 1 am- - raoscsv 9 Vol. 1 No. Salt Lake City, Utah Permit No. 2091 RflSQDRffiSaORfl & ImMM Salt Lake City, Utah 3 Emerald, Oil Firms 1969 feb i Announce 713?0 Mergers ORDi fiPT, Gila Uran., Royal Crest, Linked Dyne-O-Te- x Emeralds and silver ore from tained as a branch headquarters. the southern part of Beaver the desert mines of Arizona were Freeman was formerly presiblended with Panhandle oil and gas dent of Royal Crest Oil Corporaproduction with the announcement tion of Amarillo. of a three-wa- y merger which will tie together mineral operations in Uncut Emerald Stone six states into a single unit chartered as Continental Dynamics, "We have five chunks of uncut emerald stone, weighing a total Thats how the Amarillo (Texas) of 24,815 carats, in the vault of the Bank of the Southwest as part Daily News described the merger of Gila Uran- of the assets, Morrison said. ium Corporation of Salt Lake City, "The current value of these gem Utah with stones would run about $100 per Corporation of Texas, Inc. and Royal Crest carat ... the net cut price of the Oil Corporation, both headquargems would run about $500 per tered in Amarillo. carat on the dark emerald and Inc. newly-announc- ed Coun- ty, Oklahoma. The new discovLaMadter is now ery, No. being completed for an estimated production of 75 barrels of oil per day from the Marmaton formation, Morrison said. 1-- 23 Montana Gas Find Other gas and oil properties included in the merger are interests in a gas discovery in North Central Montana. "We hit gas at 300 feet and at 1,300 feet In the Montana field, with the 1,300-fo- ot level showing Malcolm Lee Morrison of Am- $300 per carat on the light col- a gas reserve of over 6 billion arillo, owner of the Morrison Oil ored stones. cubic feet, said Morrison. "This & Gas Co. and newly elected presThe merger also Includes an is located on a tract, ident of Continental Dynamics, Inc. undivided 5 per cent interest in and we have now entered into a said that the new corporation pur- 100 silver claims located in the contract with Colorado Interstate suant to the merger agreement, Castle Dome area and the Black Gas Co. has been capitalized at $2 million, Diamond Silver Mining District "In addition. Continental Dynaconsisting of 200,000,000 shares located in the Kcfa Mountain Range mics owns oil Interests in 1,946 of common stock with par value of Yuma County, Arlz. These acres in Texas, 2,896 acres in of 1 cent per share. claims include the Black Diamond Oklahoma and 11,749 acres lnCol-oraSilver Mine located near Yuma. and Utah, he said. Pharmaceutical Firm Interests in the Black Diamond Lode Uranium Claims Silver mine and the Arlzonasilve Continental Laboratories, Inc., claims were bought under contract) a Denver, Colo, firm, is a wholly-ownThere are also 380 unpatented by Morrison and Freeman last fall. subsidiary corporation in lode uranium mining claims in The total value of the mine has been the business of manufacturing and Fremont County, Wyo., and 68 un- plced at any point between $15 and distributing pharmaceuticals. patented lode uranium mining $68 billion. Other officers of the firm are claims located in the Elk Ridge Ten .Times Richer Gilbert N. Freeman, vice presi- Mining District ofSanJuanCounty, secretary-trand Sandra Gilllspie, dent, Utah, named in the firms assets. "One geologist with the Bureau easurer, both of Amarillo. Morrison said the Panhandle of Mines said that this mine promThe corporations principal of- oil and gas properties include two ises to be 10 times richer than the fices are now located in Salt Lake producing oil wells in Texas, two strike at Morrison Tombstone, City, but these will be moved to gas wells in Western Oklahoma and Phoenix, Arizona, Morrlslon said. the Oklahoma Panhandle and an (Continued on p. 5) The Amarillo offices will be main interest in a new oil discovery in Dyne-O-T- ex 44-sect- ion do ed Gila in Merger GIRL WITH BEST FRIEND is the scene above, as Sandra Gillispie, Amarillo, Texas, exhibits emerald in the rough. Sandra is secretary of newly created Continental Dynamics, Incorporated, which lists 24,815 carats of uncut emerald stone among its portfolio of assets. Coal Chiefs Endorse Safety Plan WASHINGTON Executives of ity and that the industrys own of the ConsolidatlonCoalCo. which mines lives will Increase the the coal Industry have endorsed safety efforts have been "inad- owns the Farmington mine des- cost of the product. many of the sweeping mine safety equate. troyed in the Nov. 20 explosion. to Asks Sharing of Load submitted "We think it is high time that Congress proposals since an underground explosion killed 78 miners at Farmington, W. Va., last November. Coal industry spokesmen public acknowledged that much stricter regulation is needed, that the states cannot accomplish it with uniform Admits Poor Record the Industry realizes what must be done. "I would have to admit that the industrys safety been satisfactory, coran, chairman Coal Association Corcoran said the soft coal inrecord has not dustry, one of the most said John Corconscious of business enthe of National terprises, is ready now even to and president accept the probbility that saving cost-and-pr- ofit . called on the electric utility industry coals biggest customer and on individual consumers of electric power to share the added cost of safety in the mines in higher He electric bills. . "I would hope and expect that the public would agree, he said. The agreement of mining operators that a costly occupational health and safety reform is overdue, came at a hearing before the labor subcommittee on Labor and Public Welfare on Federal Mine Safety Legislation. U. Mines School Seeks $20,000 "Utah sitting on a coal mine. And it may as well be gold! Thats the way the University of Utah Mines Division introduces its bid for alumni support in a publication designed to raise several hundred thousand dollars for various U. of U. departments. "We have proven that coal can economically efficient. When this be converted Into the equivalent happens, Utah will literally strike of petroleum stock and natural it rich with a whole new Industry. The economic implications are gas, the article continues. "Utah has large almost un- staggering. You can help make item known as a Gas Chromatograph, since sufficient state funds are lacking. It is felt the chromatograph would speed up coal research significantly, the article touched reserves of bituminous this happen much sooner! reports. Goal for the project is $20, coal. Research is well on its The mines division explains the way to making coal conversion need for private funds to buy an 000. Other mineral related projects for which funds are sought are in the physics department where the former Austrian physicist Franz Rosehberger seeks to establish a crystal laboratory. Prof. Rosen- - continued on p. 2) |