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Show October 19r 1970 00 Santa Fe Nuclear reports strong position Dfflm7 Voai7 Continued from Paged ; Dear Mr. Blackburn: 1 was very interested in the section of your column concerning the Bakersfield Hacienda stock. I purchased stock in the Fresno Hacienda (Standard Motels Inc.) several years ago and have heard nothing about it recently. Can you give me any information on this stock? Keith Webster, Elko, Nevada. Dear Mr. Webster: Bakersfield Hacienda is up from 35 cents to $2.00 and is known as Barr Financial It is still a very interesting situation. Fresno Hacienda is quoted 10 cents on the bid side today (pink sheets). Although the hotel is no longer the leader in Fresno, the real estate is getting more valuable each year. There have been no recent stockholder reports of late always a valid they do not keep their complaint against the Hacienda people stockholders very well informed Im sorry to report. Las Vegas Hacienda is traded actively. A recent quote was 37'A cents bid. Rumors of pending mergers or sellouts frequently bring interest to this issue. Dear Mr. Blackburn: I read your column every week. I think it is great. I have purchases of stocks I never heard from in 20 years. Can you give me any information on them? George Orlando, Gilroy, Calif. Dear Mr. Orlando: Try both sources: (1)R.M. Smythe & Co., New York, and (2) . The O. T.C Stock Digest mentioned above. John SANTA FE, N.M. N. Eddy, president of Santa Fe Nuclear, reported to shareholders that during this year of totally adverse financial conditions, the company remains in a strong benefit from position to financial conditions improving when the national economy improves. During the year, Eddy said, exploration efforts continued with further encouraging results. Major blocks of acreage remain intact, although a number of properties have been released for economic reasons. To date a total of 89,886 feet has been drilled, principally on the "IT'S YOUR MONEY" appears weekly in the Rocky Mountain Oil & Mining Journal If you have a question, write: Richard Blackburn, Las Vegas SUN We Green River prospect, and positive results of this drilling have led to a number of offers of farmout, which were rejected, he said. A number rT prospects were drilling in Wyoming and Utah with he stated, inconclusive results, adding that the companys major thrust during the year has been registration of stock with the SEC, sale of which would provide funds to purchase the South Texas uranium overriding royalty interest option and the Gageby Creek gas field option. The registration was filed in August of last year, but was not commented upon by the SEC until the first of 1970. Eddy said ore stockpiles Nancy Lee Ida. WALLACE, Ore is at near tons 150 of per day at capacity the Nancy Lee mill near Superior, Mont., which is operating on a being concentrated three-shi- ft around-the-cloc- k since Sept. 1 basis . Donald K. Winsor, manager of mining for Tierra Explorations of Midland, Tex., which operates the property under agreement with Nancy Lee Mines, Inc., said that OBciBl&GB'Sy P;0. OMJ Page 5 - the mill was placed on a two-shi- ft basis just last May. The concentrates are being shipped to American Smelting and Refining Co.s East Helena, Mont., smelter, he added. The Nancy Lee mine is being operated by two shifts of miners daily, and 27 men are employed in mining and milling operations, Winsor said. Ore is being mined from the Keystone vein on the adit level, he said. Santa Fe Nuclears corporation. Santa Fe Nuclear has also generated an interest in a new underwater drill which is in the testing stages at the present time, c,, Pon successful testing complete geologic the of continental shelf mapping areas will be possible, he stated Worldwide markets await the availability of such a service since sai of the one-thir- d of the potentially JPinera bearing area of the earth cs underwater on the Continental Shelf areas, Eddy said. and others needing rapid data processing... DATACAP are Pleased to Announce That fEmi ffvie Has Become Associated With Our Firm As A REGISTERED REPRESENTATIVE Continental Securities 337 So. Main Street Salt Lake City, Utah 84111 Specializing in Over-the-Cou- Phone: (801) ter Stocks n 521-7.14- 0 LIQUIDATION SALE CORDERO MINE McDermitt. Nevada Telephone 702-532-87- 58 Pipe, hardware, timber, tools, vehicles, shops, houses and large assortment of used mining equipment and materials. rig was contracted out to other operators and cash flow was generated to balance expenditures, he added, the Today, company position is balanced and 1 am pleased to report that oui South Texas override option and the Gageby Creek gas options arc in effect at small expense to the company. These options, when fully executed, could result in substantial earnings for the Tramstfer Z&cflGinitts, QDmGOeBtJtfr fitters Box 4275, Las Vegas, Nev. 89106 this tardiness "coupled witn the advent of the tight money market, made performance of our issue highly doubtful. Steps were taken, lie said, at the first of the year to cut company overhead by more than 50. Datacap Computer Systems of Salt Lake 138 South 2nd East Salt Lake City, Utah FOR INFORMATION 24 HOURS A DAY PHONE: 383-574- 6 |