OCR Text |
Show Page 6 OMJ - October 19, 1970 Leadville Corp. announces important ore discovery on Colorado property Risk said that conducted Agau Mines president featured in national magazine Leadville Corporation of in 1967 and 1968. The program has exposed mineralized Colorado, believes it has made an by the important ore discovery at its structures indicated Risk Mr. added, mine development program at the previous drilling, the started has firm The bullets and for about lead near A photo and story just batteries, type head of Iowa Gulch underground development of geologist John Lawrence of Agau metal, has been increasingly in Leadville, Colo. .Mines Co., a Salt Lake City short supply since China, the Since ore has not been structures? the in worlds main supplier, cut off blocked corporation, appears we cannot estimate ve expect our Iowa Gulch October issue of Fortune shipments to the West in the tonnage, out,said Robert G. Risk, mjne t0 principal supplier The price has shot up magazine. The ore intersected is t0 a chemical refinery that the The article discusses the soaring from 44 cents a pound in 1968 to president. high in silver values and the company plans to build on site at price of antimony and Lawrences a peak of S3 last year; today it company expects to make a e south ed ge of the city of acquisition of a promising stands at around $1.50. limited number of ore shipments Risk said. This Leadville, antimony claim in Montana. Agaus mine turned out to be almost immediately as starting Geologist John Lawrence, 32, everyghint Lawrence hoped for. If refjnery will meet strict its of mine development part standards and the was working a modest silver and all of the ore reserves listed as he said. program, believes it will be the company proved and provable can be first kind the world to Leadville is in of its Corp. conducting mined, Agau Mines will have the biggest reserve in North America. the extensive development economically produce metals and commodities from complex Engelhard Minerals & program as a follow up to a metal and sulfide minerals. Chemicals has signed a contract to diamond drilling program oxide market the ores, the Fortune article concludes. Agau Mines shareholders Friday voted to exercise an option to Fact-Pack- ed purchase all of the outstanding stock of United States Antimony Corp., a Montana corporation. mid-1970- s. anti-polluti- on U.S.A.C. patented and 32 unpatented mining claims with a lease and option to four additional patented mining claims in the Burns Mining District, Sanders County, Montana. Independent consulting mining geologists have confirmed the presence of 1 7,400 tons of proven with tck a antimony ore of unknown grade, according to an Mines report to Agau shareholders. Lawrence of Agau Mines gold mine in Idaho last year, the article says, when a friend in the metal industry told him that the price of antimony was going to go through the ceiling. Tantalized, Lawrence and some friends, through their Agau Mines Co., acquired an option to buy full control of a small but promising claim in Montana. Lawrences friend was right. Antimony, used in hardening U.S.A.C. is currently completing a heavy media concentration plant near of acqusition U.S.A.C. shares DENVER Mont., were John C. Lawrence, David E. Bell, Harmel A. Dawson, Ed H. Snyder Jr. and James A. Murphy. Mr. Murphy is the only new addition to the Board of Directors. G. Boekel, Mesa has announced Exploration Co., that BMEX Oil & Gas Exploration Division of the corporation has acquired an interest in j50 wells in the Tom Vessels Jr. -- Pan participate in an additional 12 wildcat wells to be drilled by Vessels as an extension of the present program. This will be a total of 62 wildcat wells in which American Petroleum exploration program Denver Jtesburg Basin. program. president of Beaver Corp. in the i.'Tlie interest is approximately 4 gross acres. gas discoveries are Considered tq be additional mportant due. to their proximity vXiie to Denver. Three rigs are drilling low to complete the exploration phase of the Vessels initial irogram. Concurrent with, the above icquisition, BMEX has agreed to BMEX will have a participation with the Vessels Pan Am Beaver Mesa also holds an interest in approximately 20,000 acres of its own leases in the same area as the recent acquisition; BMEX anticipates drilling its own exploration programs on this additional acreage. The Beaver Mesa operation throughout the Rocky Mountain region includes several other producing Denver-Julesbur- g Boekel said. process and to provide technical and engineering assistance to other mining companies. Conferences about the process with several major mining companies are under way, he stated. Digest Over-the-Count- er Transfer Agent 9 Name Changes 9 Financial Data Capitalization Annual Meeting 9 History Dividends Price Ranges also - Splits & Name Changes and Associations Agencies Oil and Mining Useful Terms in Commission Rates SEND FOR YOUR COPY NOW O.T.C. DIGEST $4.50 wells g R. 9 9 Mergers 9 Officers Current Activity 9 Falls, interest in 50 Denver-Julesbur- expect to license the We PENNY Address authorized and unissued stock. Directors elected at last weeks Beaver Mesa acquires world. O.T.C. Digest Tells You Each Companys the was outstanding issuance the accomplished through of 800,000 shares of Agau Mines meeting in Thompson complex ores from various localities throughout the free and other low priced Stocks trading actively in UTAH, the Intermountain West and Nationwide Over 200 Thompson Falls, Mont. The Risk said, noting successfully, the process has been tested on Over The Counter probably ore with a grade of 3.4 antimony, and 1,400 tons of possible the process cannot treat for the Aggressive Investor! grade of 3.4 antimony; 69,050 tons of ore testing, pilot plant operations and engineering studies indicate that the refinery will make high recoveries from complex ores at a cost that makes the process economical. We have not tested an ore that ...with MORE is engaged in exploration and mining activities of antimony metal, and owns 14 laboratory in the Basin, Mr. properties CHRIS S. AAETOS PUBLIC RELATIONS 308 Ness Building Please mail Telephone: (801) Utah 84110 Salt Lake City, copies of the OTC STOCK DIGEST 363-220- 3 $4.50 to Name Address City Also publishers of State Digest of Stocks Listed on the Salt Lake Stock Exchange" - $5.00 |