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Show PAGE 2 lG Kcnnccot fill 25 Cents a Copy Subscriptions $10 Per Year 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 and 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. Advertising Rates' Display Advertising Classified Advertising $2 col. inch 20 words for $2 487-07- 68 or 298-37- 03 Editor & Publisher Chuck Hayward f 999999 . mine occupation tax (scvcrcncc tax) assessments. This payment constitutes the largest mine occupation tax paid Cascade eyes W venture in new plant Continued from Page a News Business Writer, quotes H.I. Koolsbcrgcr, president of The Oil Shale Corp. (TOSCO), as extending an invitation to Secretary of the Interior Walter J. Hickel to Come see for yourself. think oil shale is ready for commercial development and believe that development can will occur without detrimental We we environmental effects, Secretary Hickel. Mr. 0 SM PCI SHAM and scUltiv tpaciallia ia silver, geld and vraalvm tfccfcs accept collect calls on boy ordara. J. H. DILLON W. 41S Iprngni. Spakaat, Wcsh. 838-441- 8 Kings River Although the potash deposits Mineral Company in the area of Ontario where the pilot plant is located are almost OFFERING PRICE: $0.03 PER SHARE 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. of the Kali Advantages solution mining process are the low initial investment and low production costs as compared with convcntial potash mining 601 Keanu Bldg. Salt Lake City, Utah (101) 322 351 S processes and plants. Koolsbcrgcr wrotS in a letter to Koolsberger and the rest of the oil shale people are unhappy with Secy. Hickels refusal to approve a plan to permit leasing of federally owned oil shale land for experimental development. Mr. The plan, worked out by the Interior Departments staff, proposed to lease two tracts of land in each of three oil shale states Utah, Wyoming and Colorado. Leaseholders were to be allowed 10 years to perfect a commercial shale process. A press release explaining the program actually was distributed. Then came a lot of heming and hawing and buck passing. Tlie release was recalled with the explanation that it had been distributed accidentally. Hickel wrote a letter to Sen. Frank E. Moss, indicating that he felt the shale process was not yet economically feasible. 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 Circular. MAY 25, 1970 NEW ISSUE 3,000,000 SHARES Common Stock $.05 Par Value -No- n-Assessable HI HO SILVER & GOLD D-Uta- Later in the same week, Undersecretary of the Interior Fred J. Russell told the Subcommittee on Minerals, Materials and Fuels of which Sen. Moss is chairman, that Hickel had held up the lease proposal because of ecological considerations. Assistant Secy. Hollis M. Dole estimated that the lease program would be delayed from three to six months. CORPORATION OFFERING PRICE: S0.10PER SHARE dont think ecology is the reason, scoffs Rulon K. Neilson, president of Skyline Oil Co. At any rate, Mr. Neilson maintains, the ecological factors have been fully worked out iii the TOSCO plant in Colorado. project at the Parachute Creek semi-worSkyline has an interest in the TOSCO development along with Atlantic Richfield, Standard Oil of Ohio and Cleveland Cliffs Iron I ks Co. There are plenty of dry arroyos in the oil shale areas into which the spent shale can be dumped. The TOSCO people have done test planting on top of dumped waste and have found such plantings to be more prosperous than the surrounding growth, according to Mr. Neilson. He adds that the oil shale process developed by.TOSCO creates no air or water pollution problems. The TOSCO process also has proven economically feasible with a refinery-read- y oil cost of $1.25 per barrel, says Mr. Nielson. Other oil people question this, but TOSCO folks are sticking to 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. AGENTS FOR SALE OF SHARES: JOHN GORDON AVERY 731 East South Temple Salt Lake City, Utah 84102 Telephone: (801) 322-355- 1 MICHAEL WILLIAM STRAND 731 East South Temple Salt Lake City, Utah 84102 Telephone: (801) 322-355- 1 - Q I 8 7,000,000 SHARES Common Stock $0,005 Par Value Specially designed centrifugal crystallizers extract the potash, in the form of potassium chloride. J s & CO. WAl, Td. Thisannouncement is neither an offer to seUnora solicitation of an offer to buy anyof these securities. The offering is made only by the Offering Grader. formation recovers the potash under pressure. 0 0 1 There is also some indication that the solution mining process would be effective with 'other types of minerals such as uranium. Deseret TO 8TC8DS Member Spokane Stock Exchange urges Hickel take a look at the facts... Irvine, 4c mining ilncka. W Oil shale executive Arnold ms SUITED ftANGC pure potash at depth, the method is reportedly effective on relatively low-grad- e deposits, as well. ' 1970 .The payment also represents a 77.4 increase over the tax paid in 1969. the history of the Utah Copper Division, the company announced. in potash off the walls of the cavity and into solution, then a scries of wells drilled into the Second Class Postage Paid at Salt Lake City, Utah Phone: t Copper Utah Copper Corporations Division last week paid the state $2,690,655.22 to cover its 1970 i)(fhill S (MAr 1 KCC pays mine occupation tax ZB 999999 Mf JUNE OIL & MINING JOURNAL ' their figures. Theyre hoping that someone in Washington will listen to them. 1V |