OCR Text |
Show to New firm organized mining exploration Silver Syndicate Sunshine work steps up I In its annual report. Salver Syndicate, Inc., said the extension Co.s APRIL 6f 1970 OIL & K2INING JOURNAL of Sunshine Mining level into Silver 4,800-foo- t Syndicate ground recently was basis. stepped up to a two-shiBy the end of 1969, Sunshine had driven 1,200 feet of this deep lateral which is exploring along the Silver Syndicate Fault in the Rambo Area westerly from the No. 10 Sunshine shaft. About 2,800 feet of tunnel ft remains to be completed, according to the report. Ore produced from the Rambo Area above the 4,000 foot depth from 1947 through 19SS enabled Silver Syndicate to pay dividends of more than $1 million, it said. Geologic information gained during the last two years has strengthened Silver Syndicates .opinion that a vein previously found in the eastern portion of the Rambo Area is a part of the Silver Syndicate-Cheste- r zone in which Silver Syndicate has a half interest, the report said. I II new company. new company. Ogilby will direct a survey of the current state of diamond drilling from the 4,600 . formed to explore industrial mineral deposits in the Rocky level. The report also stated that Mountain region. The firm is a Sunshine's proposed offset shaft partnership involving DFC 900 feet south of its main Jewell Ceramics Inc. of Canon City, shaft will greatly enhance Colo., and Northwestern development along the entire Engineering Co. of Rapid City, S.D., and Denver. length of the Rambo Area. The offset shaft is to be sunk According to DFC President, Colorado and adjacent states, DENVER-- A Exploration of this vein last year Minerals Exploration and was limited to 500 feet of Development Ltd., has been mineral from the 3,700-foo- t G.W. level to the management for the new will be provided by DFC with Howard G. Fleshman as 4,800 level and it is anticipated that the 4,800 level lateral being driven westerly from the No. 10 shaft eventually will connect with it. The report listed 1969 income Jensen, operating firm manager. president . Fleshman is vice Sunshine. The annual stockholders meeting will be held at 2 p.m., April 8 in Wallace, Idaho. 326 Kearns Bldg. Salt Like City, Utah 84101 SALT LAKE CITY 322-58- 75 Let Our Experts in Penny" Mining Stocks Help You With Your Portfolio MEMBER SALT LAKE STOCK EXCHANGE BBS Exploration and Development form General Refactories Co., where he was corporate geologist. Ogilby received his J B.S. degree in geology from Ohio State University in 1963 and a Ph.D. in mineralogy in 1967. He is a member of the Mineralogical DFC Ceramics. Both firms will operate from the DFC offices in Ginon City, Colo. Mineralogical Canada, the Clay Minerals Society, AIME, and Sigma Gamma Epsilon honorary fraternity. Fleshman points out that the of such metals as silver, vanadium, molybdenum, titanium and uranium, industrial minerals are distinguishable generally by a lesser degree of processing required to achieve commercial utility. They range from sulphur, gypsum and tale to oxides of zirconium, beryllium and many other metals used industrially. Minerals Exploration and Development Ltd plans eventually to engage in that mining and marketing of mineral were suitable products be customers can development. Mailing address for the company is P. O. Box 110, Canon Gty, Colo. 81212. LaRonge acquires Yukon claims LaRonge Mining Ltd. property was formerly held by expenditures: $45,000 by Dec. president, Jarl Whist has Inco which carried out 31, 1971 for a further 20 per reported acquisiton by the geophysical survey work and cent interest and $100,000 by company of 40 claims in the Casino area of the Yukon from the Grant Syndicate. Some of the claims adjoin the Casino Mines Ltd. property along the south and east sides. To acquire the claims, LaRonge has paid $3,000 plus 25,000 free shares and has undertaken to carry out a minimum of $20,000 worth of work. A preliminary geological interpretation indicates that a portion of the claims are underlain by the favorable granitic intrusive complex. LINDQUIST SECURITIES Inc. TOLL FREE market potentials, and aquisitions of suitable minerals. He .comes to Minerals and general manager of Society of America, the Assocation of of $53,440, of which $52,156 was from ore and antimony Also announced is the sales, and a net income of of Dr. Robert R $2,063. Current assests at years appointment end totaled $6,505 against Ogilvy as chief geologist for the current liabilities of $56,833, mostley in accounts payable to development in industrial minerals development of the Rocky Mountain states has lagged far behind the mining 4 LaRonge recently acquired the Brownell Lake property which is reported to contain a shear zone tracted fro some 10,000 feet and having a width varying from 10 to 30 feet. The Dec. 31, 1972 for a further 25 drilling. The LaRonge per cent interest. To maintain program calls for an expenditure the agreemtn in good of $150,000 including 7,000 LaRonge must commit standing, to take feet of drilling to test the the property into production by structure at depth. Copper and Dec. 31, 1974. If it does commit zince values were obtained in the to take the property to earlier work along with some production and is successful in gold and silver. LaRonge has raising the necessary funds, then spent some $4,000 on recent LaRonge receives an additional geophysical survey work on the 15 per cent interest in the Brownell Lake claims. The claims. The program has been company acquired a 10 percent interest in CBS 969, at Brownell completed on the Shroud Lake Lake, Saskatchewan, from W. B. claims and the program on the Dunlop by payment of $3,900 Deschambeault Lake property and a commitment to expend has been started, at last report. $20,000 on exploration of the Each of these three properties, property. In addition, LaRonge Brownell, Shroud and can earn up to a 70 per cent Deschambeault, is in the Lac interest in the property by the LaRonge of Saskatchewan. exploration some region following Oil field fire plan announced - and a line from connecting Douglas to compressor stations be created Kaneb would deliver an by-produ- ct Vo gathering network with Profits Can 9 Create an Image Build in the Hilight Held of Campbell County. Phillips Petroleum, chief operator in the oil field, could build a gas processing plant west of Douglas with an initial capacity of 60 million cubic feet and Panhandle would lay a h pipeline from A plan to end CHEYENNE wasteful flaring or buring of natural gas produced as a of oU in northeastern been announced has Wyoming' Gov. by Stanley Hathaway. President Richard L. O Shields, of Panhandle Eastern Pipe Line Co. proposed the plan to state officials. He suggested that a gas s 75-mil- e, 16-inc- Hilight to Douglas the Kaneb pipeline network. Only $2.00 A OVER-THE-COUNT- a column inch. DtttdUne: Wednesday proceeding desired publication date. and one of our creative represenCdh 298-240- 3 tatives will assist you. U ssu INVEST WITH OUR MARKET SPECIAUSTS ER PRINTING & LITHO Salt Lake Gty. 2000 Uahr. dak Bldg. 136 L Sooth Temple Phone: Los Vegas .1721 L Charleston Blvd. Phone: 314-2995 364-19- 3479 SOUTH 2700 71 Prove 163 IL'Univ. Ava. Phone: 374-125- 7 Brokers. Underwriters, & Mining Companies Understand Your Needs lit Inc. INVESTMENT SECURITIES Members Salt Lake Stock Exchange EMSPILAY County, Olda. We Weston and Company, equivalent amount of its gas to Panhandle Eastern in Dewey J 298-2-403 WEOT |