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Show December 15r 1969 Page 4 bSKn) Sunny Hills Mines, Inc., formerly Absaraka Uranium, Inc., a Utah corporation, has corporation is initiating a milling operation on its Sheep Ranch property located on the eastern slope of the Mother Lode near acquired the properties and assets of Sunny Hill Mines, Inc., according' to a report from company officers. The report said the emergent modi Placcrville California. President of the corporation, E.U. Swalberg, made the announcement. Metals SPOKANE-Qu- ad 16 unpatented mine claims. Strawberry Mine, located in the Sierra Nevada Mountains of California 100 miles approximately Fresno. northeast of The mine has been in operation since 1943 with the . Smith. Along with Swalberg and Steed, the board of directors consist of Salt Lake City . Another large area of Administration's stockpile has had a significant effect on the U.S. market price. However, according to Metals Week consumptionof istoolin the manufacture steels, primarily because of its unusual properties. It has a higher magazine of November 21, 1 969, IhQ London Metal melting point (6152 degrees F) than any other metal, a density Bulletin's quote on tungsten is former milling operations are being conducted under the personal supervision of H. Darrell Grubaugh, a native Utahn who was formerly associated with Kennecott Copper Co. and other major mining companies. current candidate for governor, Carl W. Buehner, Donald D. Drake and William R. Young. The company offices are located at 214 East 5th South, Swalberg said. He said the companys . sflrike a total WALLACE, Idaho-- An important ore strike in the imaaiai of tungsten from the operation were approximately $650,000. 'I' he General Services and iraniportGntf MOST OF the consumption in the United States is going into carbides which are used mainly for cutting tools, projectiles for antitank war, lire studs, balls in ballpoint pens and other wear resistant applications. It is estimated that the tire studs alone will consume 800,000 pounds of contained tungsten. exception of eight years when the market price of tungsten made operation uneconomical. New Idria Mining and Chemical Co., the mast recent operators, had (he property from 1955 to 196K. In 1966 New Idria sales businessman Aticas iwliraiinig inifies up sharply from the previous week. In the past, the GSA stockpile has served to keep a lid on the European as well as the U.S. market. But, since a good portion of the European demand is for wolframite, which the stockpile is out of, the stockpile no longer serves as a price ceiling. Corp. of Spokane has acquired an operating tungsten mine consisting of Mr. Swalberg said Dean R. Steed has been elected secretary and treasurer and a director of the corporation succeeding P.G. ffleflols ftmistaa Ibmys 0 QD&q l about 2V4 times that of steel and twice that of lead, and retention or its high tensil strength and elasticity at temperatures of 900 degrees F and over. new level tunnel and has completed 674 feet of diamond drill work. vein on the second adit of Atlas Mining Co. in drilling is Drifing andadded. Mullan, was announced by manager Frank general Frankovich. The ore was first opened November '24 and has now been drifted on for over 40 CONSIDERABLE work has feet, carrying in width from 14 feel and appears hen done at Strawberrys two inches to he4.5said. widening, mining areas. One developed by Initial sampling, he said, two levels 100 feet apart showed 3 ounces silver and 8.4 vertically, each with its own per cent lead, but later sampling adit. A new shaft near this area shows higher grade ore which is reaches a third level 107 feet considered commercial below the second level. Ore has The drift on the vein hadgrade. been been mined in this area to a total advanced about 330 feet when depth of 350 feet from the the strike was made. Total surface. The other area consists distance in from the portal is of a group of workings which 760 feet and is 160 feet below extends to depths of 100 feet the in the original discovery below the surface. The total Boulder Creek area. Allas has mine workings are developed by been working all summer on the some 4,500 feet of drifting. adit level and has driven second Joseph R. Fay, president of Quad Metals slated that the acquisition of the Strawberry Mine represents a further step forward in Quads plans for expansion and diversification continuing, he Frankovich, who is also a consulting geologist, said the most significant result of the work is correlation between the wall rock and grade of the vein. When the wall rock is soft and slaty, the vein is almost barren, but when the wall is hard and massive, the vein is wider and of much higher grade. This simple correlation allows us to predict with confidence that the vein will be even better 1000 feet lower in the main Allas tunnel level where rocks are known to be much harder and more massive. Preparations are being made now to drive the vein at the lower elevation during winter months, he said. Manhattan Transfer Members Salt Salt Lake City 2000 Univ. Club Bldg. 136 E. South Temple Phone: 364-197- 1 T ransfer agents for: CLASSIC EBONY WYCO patents depth, and using nuclear detonations in producing hydrocarbons from an for cash and 251,000 for Provo 163 N. Univ. Ave. Phone: 374-825- 7 y.v.w VeVeW money was placed in U.S. government obligations and secondary certificates of deposit pending need for corporation leeeeeei .'.V.V.V.v.v.v.T.v.voo eeeeeeeeeeeeeeeeee m lettiii m I I I e e e e ! e e e v.v e eW- additional 408 acres of mineral eW. v.v leases from private owners v.v oil some acres in 387 including and gas leases. , e 601 KEARNS BLDG. 322-351- 5 BRADFORD President & General Manager Attn: Stockholders . e purposes. The firm holds some 2,070 v.. acres of Utah oil shale lease in .w. vv. the Uintah basin and an J K;i We $460,356 of the companys INC. Over-the-Coun- ter e Las Vegas liabilities. SECURITIES W. ... i patents. The remainder went for services and reduction of BONNEVILLE RAY rre Lake Stock Exchange INVEST WITH OUR MARKET SPECIALISTS OVER-THE-COUNT- 359-551- 1 American Oil Shale Corp., Salt underground formation. The report includes drawings Lake City, is continuing to have three of. its nuclear detonation to illustrate the concepts. The firm went public early evaluated by Battelle-Northwes- t, division of this year and received some Battelle Memorial Institute, Rod $502,846 in the offer. Some P. Dixon, president, stated in the 545,074 shares were issued. Principal amounts were 275,870 annual report. Inc. INVESTMENT SECURITIES Do You Want Your Stock T ransferred Now? Expert still evaluating Am. dDil Sbale pofleralte DIXONS report indicated that as of August some the Weston andCmpany So far, another patent, relating to the method of creating large diameter boreholes using underground nuclear detonations, has been held to be commercially unfeasible under present costs and conditions, he wrote. THE OTHER patents related to conceptual methods for treatment and production of hydrocarbons in place by using plurality of nuclear underground detonations, undercutting of previous nuclear detonations at greater depth by subsequent nuclear detonations at greater of 1160 feel of new e Si The regular annual meeting of the stockholders of Classic Mining Corporation will be held on Monday, January 12, 1970, at the general offices of the corporation located at 731 East South Temple, Salt Lake City Utah. The meeting, at 7;00 p.m., will be for the purpose of formulating the general policy of the corporation and the election of directors. Only stockholders of record may vote. eV. i V.V .v.v :S:i m SI ll 1 All stockholders are urged to attend and to have their stock transferred into their own names. The transfer agent is Manhattan Transfer, 731 E. South Temple, Salt Lake City, Utah, Phone (801) 359-551- 1. n $& w SS m $ V.V v.v v.v v.v v.v 1! SI v.v v.v v.v v.v v.v v.v f I 1 1 I m I |
