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Show PAGE 2 Utahn seeks new BuMines building WASHINGTON, D.C. Rep. has Sherman P. Lloyd, House the requested hearings by Interior Committee on a bill he has authorizing construction of a new Bureau of Mines Building at the University R-U- tah, of Utah. The Utahn said in a letter to Inerior Chairman Committee Rep. Wayne Aspinall, that the present Bureau D-C- olo., of Mines laboratory, constructed in 939, 1 is located on 13 acres in the heart of the university campus. The new building would be constructed on the old Ft. Douglas Rifle Range, and the old building would be sold to the school. While this facility has been a welcome part of the university community, the school has been forced by its own tremendous growth to surround the Bureau of Mines Building on three sides. and it is now contemplating additional development on the fourth side,' h said. He said that in 1968 when the Army declared surplus a major portion of its Ft. Douglas properties, the Bureau of Mines acquired 34 acres on the old rifle . range adjacent to property given to the university for a research park. Survey publishes Utah oil sands study of study sandstone in and Uintah Grand deposits is counties, Utah, now available, William P. Hewitt, director of Utah the Geological Survey Mincralogical announced. Written by William D. Byrd, A May 25. 1970 OIL & MINING JOURNAL . published the study describes sandstone beds underlie at least 214 square miles and which contain an estimated 3.7 billion barrels which Seventeen plates, 14 stratigraphic sections and three maps arc contained in the publication entitled P.R. Spring Sandstone and Grand Deposit Uintah Counties, Utah. Copies may be obtained from Utah the and Geological 103 Utah Mincralogical Survey, Sunrey Geological Building, University of Utah. Cost is $5 by mail, S5.50. AMC opposes classification of North Cascades D.C. Tie WASHINGTON, American Mining Congress has a released statement that the opposes The statement pointed out that The Wilderness Act of 1964 the that North provided Cascades Primitive Area should be studied and considered for in the inclusion possible wilderness system. The U.S. Geological Survey and the U.S. Bureau of Mines undertook a mineral study of the area pursuant to the Wilderness Act and related conference report. before the report wascompietedand made pub he Publlc Law 4 was enac,ed However, 90-54- (Classic iHiniug Cnrp. 731 nst ,1). (Triuplr nlt llaltr (Citij, lltnlj 81 arbitrary classification of the North Cascades Primitive Area as national park and recreation areas. 1 112 creating the North Cascades Ross Lake National Park, National Recreation Area, Lake Chelan National Recreation Area and Pasayten Wilderness. This If the United States a strong minerals maintain areas of public position, large domain should be not withdrawn from exploration and development without a thorough assessment of mineral potential, the statement argues. The mining industry believes that an areas should be designated as wilderness only after thorough study and review. Procedures were established Act for by the Wilderness reclassification of National Forest Primitive Area and, in fact, lands not studied for minerals are included in the The In our continuing effort to keep our stockholders informed, we are happy to bring to your attention the following: WYOMING Since the last letter we have successfully drilled a fourth well. After having drilled a rank wildcat well in Carbon County, Wyoming, Classic has confirmed this oil find with three successful offsets. Management feels that we have opened up a new oil field, however, it fs still too early to make an evaluation of the full potential of this field. Particulars follow: Carbon County, Wyoming. This well has been fractured and is delivering oil into tanks. Division orders have been submitted to the Rock Island Oil Company and income is being credited to Classic's account. Classic-Ebon- y 191: Carbon County, Wyoming. This well has been fractured and within the next few days will be placed on production status. 30-- 2: This well has been fractured and is delivering oil into tanks. Division orders have been submitted to the Rock Island Oil Company and income is being credited to Classic's account. 30-- 3: We take pride in announcing that this well, yxhich was reported as in process in our March 10th letter has been successfully drilled. It is in the process of being completed and should be delivering oil .into the tanks in the very near future. 30-- 1: Classic-Governme- nt Classic-Governme- I nt ; FUTURE WYOMING PLANS Your corporation is now preparing to commence drilling a new offset well in Carbon County, Wyoming, and is presently in the process of surveying the location. We hope to commence drilling on this well within two to three weeks. We have recently exercised our option for another 2300 acres of Wyoming land in Carbon County where the structure is very similar to our successful Overland Dome discovery. We hope within the next two or three months to wildcat this area. OHIO Even though Ohio has suffered one of the worst winters in forty years, oil and gas production has been good. With the spring thaw production has substantially increased. Koval 1: This well is producing gas and oil and has become a monthly source of income to our corporation. King 1: This well is still one of the largest producing wells in Guernsey County, and has been delivering substantial amounts of gas and oil since the first part of December, 1969. King 2: This well is an offset to King 1. It was placed on stream April 1, 1970. On May 20, 1970, the corporation will receive our first income from this well. Classic-MarkYour corporation is the operator of this well and we have received checks representing two s: months' production. This well was recently placed on stream. However, we will not receive income from this well until June 20th, but at that time we will be paid the income from the time it first went on stream until June 1. At the present time we have no statistics as to how large this well may be. It is anticipated that it will be as good as our other Ohio wells. PROJECTED EARNINGS AND RESERVOIR CAPACITY The corporation has not as of yet been able to project earnings on these wells because they have been on actual production for such a short time, however, our engineers and geologists both in Wyoming and Ohio assure us that projected earnings from these wells and reservoir statistics will be ready for publication within the next few weeks. We shall send all stockholders this information plus earnings projections on all wells as soon as we have this information. This letter is being mailed to you to keep you informed of the activities of your corporation and not as an inducement to buy or sell stock. Classic-Ebony-Wyer- s: Respectfully, CLASSIC MINING CORPORATION VUl'.IUUUKitUHitUi'ii, to is now under American Mining consideration. TO THE HOLDERS of Classic Mining 'street stock': nt previous Cascades North present Wilderness Complex proposal. proposal Classic-Governme- the abolished of the North classification Cascades Primitive Area. Thus, Congress did not have the benefit of professional technical advice as to the presence or absence of minerals in the area before enactment. Also, lands not studied for minerals are included in the Congress opposes the classification as wilderness of the North Cascades Complex until such time as mineral studies have been undertaken which cover the entire area included in the proposal. The results should be and sufficient time published allowed for study prior to the Secretary of the Interiors recommendation the to President the regarding or suitability nonsuitability of including these lands in the National Wil demess Preservation System. Astrology column makes debut week a new column makes its debut in the Rocky Mountain Oil & Mining Journal. A financial forecast based on the signs of the Zodiac and the activities of the stars and planets. Our charter of the movements of the heavenly spheres is Merle Cox, who admittedly makes no effort to play or to understand the stock but market, nevertheless feels some investors could benefit from, becoming attuned to the stellar forces which are influencing their fortunes. Maybe so, it sure beats flipping a coin. At any rate, the lovely young lady of the Zodiac will present a weekly survey of the influences on each sign with the financial recommendations they dictate. One thing about fortune tellers and horoscopes, as someone once said, is that even those people who dont believe in them believe in them. Profitable forecasting, and let us know what you think of the column, wont you? See STARS ON STpCKS,Pafr 5 This |