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Show MARCH 16, 1970 OIL & MINING JOURNAL Page 2 Mine Bureau reveals sulfur recovery process DArcy R. George, research A new sulfur dioxide recovery described the process which could virtually coordinator, of Mines. University of Utah. A pilot plant is now being completed in the Bureau ot Mines building on the U. of U. eliminate emission of the method in a talk during a series new process. gaseous air pollutant from on environmental pollution campus to test the He said the plant would serve smelter operations, has been sponsored by the Chemical announced by the U.S. Bureau Engineering Dept, of the to obtain definite cost AEC reports on uranium in south A report on Uranium in the Southern United States is being made available by the Atomic Energy Commission and the Southern Interstate Nuclcrr conducted by the AEC and the Board. extensive bibliography or references pertaining to the U. S. Geological Survey during the 6 period. It includes now information on radioactive occurrences as well as an Southern Interstate Nuclear Board (SINE), a The 1950-195- geology and uranium potential of the 17 southern statutory 17 organization southern southwestern states. states, representing with the the prepared report, assistance of consultants and advisors, in order to compile information and systematically assess uranium and Those served by the SINB are Alabama, Arkansas, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, and other radioactive occurrences in the region. The work was carried out under an AEC contract. This 230-pag- e compilation has numerous maps showing the location of the occurrences Tennessee, Texas, Virginia and West Virginia. WASH-11- 28 may be purchased for $2.25 from the Superintendent of Documents, U. S. Government Printing indentified in preliminary Office, Washington, reconnaissance examinations for uranium in the SINB region D. C. 20402. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made only by the Offering Grcular. ' NEW ISSUE January 20, 1970 93,200 Shares Common Stock $1.00 Par Value Per Share REVERBERATORY METALS, INC. PRICE: $1.1714 Per Share FOR UTAH RESIDENTS ONLY Copies of the offering circular may be obtained from the undersigned only in states where the undersigned may legally offer these securities in compliance with the securities laws thereof. BONNEVILLE SECURITIES,' INC. 601 Kearns Bldg. Salt Lake City, Utah (801) 322 - 3515 Published weekly in Salt Lake City, Utah by Charles E. Hayward, of 4386 W. 3780 South, Granger, Utah 84120. Mailing address: P.O. Box 19243, Salt Lake City, Utah 84119. Serving the mining end oil industries of the Rocky Mountain Region. Articles and information 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. Second class postage paid at Salt Lake City, Utah 25 Cents a copy Subscriptions $1 0 per year Advertising rates: display Advertising Classified Advertising Phone: Edtor & Publisher. Assistant to Publisher Director of Advertising.. $2 col. inch for 20 words .....$2 298-240- 3 or 298-370- 3 Chuck Hayward ...Enid J. Hayward Hal Funk information. Information on the economics of the process should be available by June, he said. The new system could prove a technological breakthrough for recovery of sulfur dioxide from emissions containing relatively small concentrations of the gas, from .3 to .2 per cent sulfur dioxide, Mr. George said. Mr. George said Kennecott Copper Corp.s sulfuric acid plants achieve about 69.5 per cent control of sulfur dioxide emissions representing the best control with present practical according to the technology Utah Air Conservation Committee. Sulfuric acid plants pay their own way (through sale of the byproduct) but are not practical for below four per cent concentrations of the sulfur dioxide. He said the new method is estimated to eliminate 99.5 per cent of all sulfur dioxide emissions from smelter operations. After a cleansing procedure, the sulfur dioxide is absorbed from the stack emission with a citrate solution. Subsequent reaction with hydrogen sulfide produces elemental sulfur, in easily stored solid form, rather than liquid sulfuric acid which requires special steel tanks and the necessity of regular disposal to available markets, he said. With recovery in powdered form, sulfur can be stored indefinitely in cakes, or piles on the ground. Uranus notes labor problems at Utah mines Uranus, Inc., a Salt Lake d corporation, has noted that its mines at Yellow City-base- Cat and Temple Mountain in Utah have been shut down by problems and a temporary curtailment in the labor marketing of our ore. In a report to shareholders telling of recent mining and oil acquisitions, the company declared a stock dividend of one share of Monument Uranium Co. for each ten shares of Uranus record May 1, 1970, according to the report. The company also announced that due to a 20 per cent increase in the cost of stock certificates, the cost of transfers has been increased to $1.25 per certificate effective March 1 5. In the shareholder report the company announced it has acquired a 10 per cent interest in a oil lease at Rangely, 40-ac- re The stock will be distributed June 1, 1970 to stockholders of a location. The company has also acquired 96 more uranium claims at Temple Mountain, Utah, and 1 8 uranium claims in Sheets Gulch near the Canyonlands area. The company also reports it has acquired a 360 acre oil lease is near St. George, Utah, near drilling an oil well known as the John E. Schumacher-GovernmenHusky No. 53, which will be drilled to a depth of 2,500 feet. Management reports ther are several producing oil wells, and a five per cent interest in a lease on 320 acres of mining property The venture Colorado. currently t- Inc. several producing wells within half mile of our drilling one mile northeast of the Newmont gold mine at Carlin, Nevada. Star Dust shareholders to vote on merger Shareholders of Star Dust Mines, Inc., will be asked to vote on a merger of the corporation -- into Sierra Trading Corp. in a special meeting March 24 in Amarillo, Texas. Under a plan, and agreement by the management of the two companies, stockholders of Star Dust will receive one share of the common voting stock of Sierra Trading for every 4.8053 shares of Star Dust. The Board of Directors of Star Dust have unanimously approved the proposed transfer. Sierra Trading will assume the assets and liabilities of Star Dust, and Star Dust will be liquidated. Included in the assets arc: Approximately 100 acres of land in the city of Amarillo, 55 acres of which is commercial property under development on Interstate 40. The Sheraton Western Motor Hotel located in Albuquerque, New Mexico, on a Skies 17-ac- Montana, Wyoming, Texas, Louisiana, West Virginia and Alberta, Canada, including an interest in more than 200 producing wells. Sierra was dormant as an operating entity until 1968 when it earned $30,029 on revenues of $346,679. In 1969, for the six months ending June 30, 196lL Sierra reported ne income of S282,576 on revenue of $1,204,530. Sierra has authorized capital stock of 10 million shares with a par value of $.50 per share. It plans to raise its authorized number of shares to 25 million. completion of the Upon transaction with Star Dust, there will be 17,148,748 shares of Sierra stock issued and outstvi-.-ing- according report Horn the company. , SILVER MIRING STOCKS have profit potential RANGE he TO StO PER SHARE Wv specialize in silver, gold and uranium stocks and selective panny mining stocks. W accept collect cells on buy orders. J. H. DILLON CO. & W. 412 Sprague. Spokane, Wash. 1921)1, Tel. a C38-44- 3I Member Spokane Stock Exchange mil tract of mostly re developed land. A one-stor- y office building in Amarillo. Twenty undeveloped copper claims in Yavapi County, Arizona. The transaction is contingent on a first mortgage loan in the amount of $1.6 million being made to Sierra Trading. Sierra holds a Trans-Continent- fassir PMi furjr. ASK US about the activities of CLASSIC MINING written commitment from Casualty Insurance Co., Ltd., to make the loan upon consummation of the agreement of reorganization. Sierra Trading is a Nevada corporation based in Denver, Colo., and is an oil and gas al exploration concern. The company has oil and gas producing properties in to a & rm- COMPANY, INC. 29 EAST SECOND SOUTH SALT LAKE CITY, UTAH (801) 521-38- 30 |
