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Show September 15, 1969 OIL & MINING JOURNAL Page 8 Billionaire Hughes mining in earnest that would have been discarded Howard Hughes has tripled his as too low in value before methods and high gold holdings in Nevada gold and modem silver mining claims, and new prices made it attractive. RENO, Nev.-Billion- aire Hughes filings say his crews are taking core samples and stripping away topsoil looking for ore veins. Hes certainly going after it, and tests have indicated theres gold there, says Gallagher. They have the technical people and resources. If there is any possibility of putting mining claims into operation, theyre the people who could do it. The first Hughes claims-4- 77 records show he is exploring tne ground in search of mineral wealth. Hughes has at least 1,655 claims on mines that produced Nevadas boom era and on untapped ground that geologists target areas call for . VEHICLE being developed by New Products Corporation is REVOLUTIONARY n models of the vehicle have been built and tested, shown in this artists conception. A the vehicle would have wide d and a prototype is almost completed. Called a cam-trac- k sectors. recreational even and application in industry, military OFF-HIGHWA- Y half-doze- full-size- New Products, Atomic Fuel (Continued from Page 1) difficult traction situation, it simply lifts itself out. Mr. Robertson said a model of the cam-trac- k vehicle has been successfully tested by the military. Robertson said that Atomic Fuel Extraction Corporations assets will bring New Products Corp. the diversification it has been seeking. Twelve silver claims near Ely, Nevada and 33 uranium claims in San Juan County, Utah are currently being developed for automobile exhausts, Robertson said. Now independent mining companies. Atomic Fuel also owns the rights to an exciting new pollution control device for as do present pollution devices, he said. We will soon be Atomic Fuel Extraction by prospectors. A record number of Proof of Labor documents-requir- ed by law-ha- ve filed been by Hughes with the county recorder at silver mining Austin, a one-tim- e town of 400 in central Nevada. They show Hughes paid $2.9 million last May for 1 ,178 claims in an area that State Mine Inspector Mervin Gallagher says has real potential. Two mines in months ago. Public records in the nine counties where Hughes has filed claims show he has invested millions in mining. Hughes, who has bought six Vegas hotels and casinos and that Gallagher calls very Las real estate since successful are pulling what uncounted Nevada in to 1966, is miners call invisible gold out moving now trying to buy Air West, a of the areas rocky soil. airline, for $94.6 Milling with cyanide dissolves regional million. the precious metal out of ore The purchase is caught up in the carriers complicated financial problems. Federal law requires statements of continued work on certain claims, and the documents filed in Austin by a Hughes aide say $120,000 was undergoing final testing and evaluation, this device emits clean exhaust without lowering - the operating efficiency or performance of the automobile spent last month exploring claims in that county alone. Hughes Tool Co. and other firms belonging to Hughes have claims in an arc which cut a swath from the once booming silver mines around Tonopah in the west, north through the Comstock, across the top of the state and down along the Utah border near Ely. They make Hughes one of the states biggest mining claim holders, according to the Nevada State Mining Association, which Hughes joined. demonstrating the production feasibility of this new device. Tough miners wilt before Rose a smile on her in her hand, coffee a face, cup of and a double - barreled shotgun at her side, Mrs. Rose Bagley TUCSON-Wi- th brought operations of two v mining crews to a halt Monday. Reclining on a chaise lounge a BETTER SERVICE BETTER SERV BETTER SER BETTER SE BETTER S few feet from her gate and they are. Apparently none has accompanied by a large black sufficient identification to dog and a portable radio, she satisfy her. Mrs. Bagley said she bought turned away 1 5 miners. it about Shes very pleasant her 13 acres in 1965 and all. When a miner tries to use the converted an old powerhouse road across her property she into a home. In 1967 she says, Sorry, no mining today, decided to fence her property fellow. So far this approach has but was hit by the Simplot court been effective. action. J. R. Simplot Co., Conducting All I want to do is live mining explorations on land around Mrs. Bagley s property, quietly, she said. 1 am not a got a court order forcing her to miner. 1 need the fence because keep the road open to its the Forest Service permits grazing nearby and the cows eat employes. will Mrs. Bagley says she my flowers and trees as fast as I permit Simplot employes to use plant them. If I put up a gate I the road if they can prove who get it knocked down. BETTER HOWARD HUGHES ...Mining Invisible gold has acquired an additional 5.67 per cent interest in the Cortez Gold Mine near Elko, Nev., Samuel Gary, chairman of Webb, has announced. The interest, acquired from Del E. Webb for its appraised value of $500,000, increases Webb Resources ownership in the mine to 18.89 per cent. .. stockholder mailings Accurate lists of stockholders both engraved or puncheon! certificates Stocks & Mutual Funds 210 Kearns Bldg., SIC, Utah And Complete Facilities in Ogden 521-35- SECURITIES TRANSFER' INC, 62 Registrar & Transfer Agent 1935 South Main St., Suite 538 Salt Lake City, Utah 84115 2476 Washington Blvd. 399-556- 6 485-039- 3. WJ - - . Immediate meeting in October. The Cortez, which started production early this year, is the third largest U.S. gold mine. I f C SflocEx YccainisO!? Service ratification at the annual . ' ' Offering Service in the OTC market Del Webb had participated under an exploration agreement with the company in the Cortez area project. The acquisition will be submitted to shareholders for Webb Resources, Inc., Denver, (miipii3fleFDEedl .i recorded 16 number-we- re N i ! i J o. i 1 ' ; Broker-Deal- STOCKS - f I J ' ' S k J i J in er BONDS v - MUTUAL FUNDS - ft v f. jfe on the following stock BULU0N M0NARETT, CLASSIC MINING, EAST ANTELOPE MIDNIGHT GOLD A SILVER, MODERN MINERALS NORTHERN RESOURCES 35 NORTH UNIVERSITY AVENUE-PRO- UTAH VO, TELEPHONE (101) 375-257- 0 SAIT LAKE CITY TELEPHONE 321-444- 4 14601 ' |