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Show Page 2 Rocky Mtn. OIL & Black Hawk eyes merger MINING JOURNAL Published weekly in Salt Lake City, Utah by Utah Scene Publishing Co., 4386 W. 3780 South, Salt L ake City, Utah 84120. Mailing address: P.O. Box 19243, Salt Lake City, Utah 84119. Serving the mining and oil Industries of the Rocky Mountain Region. Articles and information contained herein are true and factual to the best knowledge of the publisher. Information and opinions published are the sole responsibility of the publisher and do not reflect the attitudes or opinions of the merchants, brokers, corporations and service firms who advertise herein or otherwise sponsor this publication. 25$ SACRAMENTO $2 Display Advertising Classified Advertising Company, Black Hawk Uranium, formerly stockholders meeting for July 3 to vote upon a the ranking Republican member of the House Ways and Means Committee, told members of the House Rules Committee recently that his committee would vole to cut llie depletion allowance, but he did not say by bow much. Tourer comment came, from William proposed merger of Silver Mining Company into Black Hawk. Stansbury owns a group of un pa ten ted mining claims and an adjacent mineral lease near Grantsville in Tooele County, Utah, about 40 miles west of Salt Lake City, according to col. inch Arthur S. Triebwasser, Secretary-Treasur- Chuck Hayward Enid J Hayward k., and security. Signers of the letter included N. Wayne chairman Aspinall, of the Black Triebwasser noted the mineral properties consist of very silicone extensive high-grad- e dioxide (silica) deposits-perha- ps the largest in the country-a- nd other deposits of. dolomite and limestone. Silica is employed in such diverse uses as sandblasting, flux (for metal operations), brick mining making, filters, etc. The property is not in production. ceramics, The plans of Black Hawk are to put the property into production, using either their own facilities or by working out a joint development, mining and distribution agreement with other companies, according to Mr. Triebwasser. Stansbury, which has fewer than 20 stockholders, conducted a public stock offering in 1965 at $1.25 per share. There are 221,000 shares of Stansbury -- stock issued and outstanding. The merger ratio approved by the officers of both companies calls for an exchange, of 2.5 shares of Black Hawk for each 1 share of Stansbury stock. Micro Copper notes delays The joint effort was in the form of a Fitter to Chairman of the Wilbur D. Mills, Committee. Means and Ways The letter stated that not only should depletion rates be left untouched on hard minerals but went so far as to suggest that serious consideration should be given to increasing the rales on minerals in short supply that are necessary for national welfare D-Ar- of er Hawk. Oil depletion has enemies, friends Wisconsin, a Stansbury-Pioch- e Phone: 298 2403 or 298 3703 The oil depiction allowance is under attack by the nations lawmakers, but a significant number of legislators have vowed to fight for its retention. Ilep. John W. Byrnes of called has $2 for 20 wds Editor & Publisher Circulation Manager... In a letter to shareholders Mr. Calif.-Bla- ck Resources Hawk Subscriptions $10 per year per copy Advertising rates: Sen. July 7, 1969 OIL & MINING JOURNAL o., Interior Proxinire, Utah-Don- ald K. MOAB Micro Andrews, president of Copper Corp., Moab, cited several unfortunate incidents for delays in Micro's copper program in a recent report to shareholders. Mr. Andrews said Micros copper mill in Lisbon Valley, being operated by Valley Processing Metallurgical Company in a joint venture, is producing an excellent grade of a copper powder-b- ut fire that destroyed 'three leach sumps has delayed the efforts to increase production from the mid-wint- er mill. Construction of rebuilt sumps was completed and the sumps were put in service at the end of Andrews said. He noted the added leach capacity, along with the heap leach section of the circuit which now contains approximately 10,000 tons of ore with an estimated 100,000 pounds of recoverable copper, is now in production. May, Mr. This should production bring the up near the levels, he previously predicted said. Micro has good production on its uranium-vanadiu- m properties, and stockpiles are being sold to Union Carbide Nuclear, Mr. Andrews said. Some increase in the mining rate has been initiated wherever possible, he said. He said new exploration by surface drilling has extended the present ore body on the Pickett Corral mine and Micro is continuing with exploration of the reopening some old mines and developing new ore bodies on considerable acreage it has on what he termed anticipation favorable formations. unexplored Committee? Laurence J. Burton, Democrat said who Wisconsin, the ranking minority the oil industry's privileged tax meinlier of the Mines and Mining Subcommittee? Waller S. Baring, must lie eliminated position chairman of the Public and he will lead the fight. Iands Subcommittee? James A. Proxmire said Sen. Russell and John McClure, Long, the Louisiana Democrat Mountain property in Elko tungsten, gold, silver, copper, who heads the Senate Finance Wold, SALT LAKE CITY-Am- ong in County, Nev., is under joint molybdenum and mercury, We the letter d recently-organizeunderstand, mining the Committee, has invited senators to oil and gas venture to carried working addition is Lake Salt in City interest arrangement as Westland slated, that your committee companies to submit reform amendments properties. Minerals Corp. may elect, with Occidental when legislation to extend the has recently licen subjected to Westland is vice president Minerals Co. Five mining Allen O. Taylor, demands for the repeal of, or Anthony Bogdanich surtax is debated. and director. of Westland Minerals, prospects for silver and copper president Proxmire said he will offer an reduction in, the schedule of in Mexico are being operated by nlsn advises that Hilltop Gold The company is reported to Mine in Lander Co., Nev., is Trans Western - Minerals, a amendment reducing the pen: entage depletion rales Bear subsidiary of Westland, Taylor provided in the Internal Revenue have 12 mining prospects in under lease and option to depletion allowance from 27.!) for Co. said. California and Nevada Creek Spruce Mining to 15 per cent, a move he said Code, for oil, gas and other would increase federal revenues minerals. We are concerned by these demands because they by $600 million. But while Byrnes and post; a threat to a strong, viable domestic mining industry. Proxmire talked of cutting the The Idler further staled that allowance, 15 members of the the depletion allowance is House Interior (kmunittee necessary because the experience joined in strongly opposing any C0NTUCTM6 SERVICES of two major wars has shown the reduction in the present lax COMPLETE WAREHOUSE SERVICE Exploration fallacy of depending on foreign depletion rate on minerals, oil sources for minerals and gas. Mho Developing All Types & Sizes of Shafts Drilling v.v.v.v.v.v lotary w. v.v.v.v.w.v.w.v. STRUCTURAL STEEL h, D-Ne- Westland lists 12 prospects v., o. Boyles Bros. Drilling Do. WESTERN STEEL SERVICE CENTER -- -a a : V.V SINCERE THANKS! Grouting Engineering Tunnels Core Drilling Soil Sampling BARS -- PLATES - SHEETS A REINFORCING Sim Geology General Offices: V.V BBS OFFICES - Crandall Bldg. PLANTS - 651 West 17Jh SoJ 1624 Pioneer Road Salt Lake City, Utah 84104 801: the shareholders of Pennell Uranium and Strategic Oils for their prompt response submitting stocks for registration. Shareholders with oudstanding stock are urged to submit same to: Utah Registrar and Transfer Box 6163 To Salt Lake City, Utah THE MANAGEMENT STRATEGIC OILS & GAS Salt. Lake City, Utah 1 PHONE District Offices: P.O. Boa fSTS Phoenix, Aril. i EXPLORATION CO. 14724 Ventura Blvd. Sherman Oaks, Calif. Suite 805 487-367- 1 S;:-- : P.O. Bm Mi Spark, Nevada mu. B020 P.O. Bos 111 Auburn, Calif, P.O. Sox 4M7 Spokane, Walk. IMS W. Ith P.O. Sox Hi S Loutivlllo, Ky. SMI Ave. Coldan, Colo. 0401 9202 40207 Foreign Officas: Reforms 4031106 Mexico City S D.F. Cesills 21-Santiago, Ckile D Coiills SI 66 Lime, Peru WfSTIRH 328-054- 1 Sim COUPANT "0?4&UcaCoi of Sfouctiunal SteeC ALSO FABRICATORS OF PLATE ' AND REINFORCING Sim srm ERECTION A MGGfNG Building the WEST with WESTERN STEEL |