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Show Page 4 - OMJ November 16, 1970 New Products, Kings River Minerals announce joint venture on encouraging New Products silver property in Nevada "property. According to New Products Corporation of Robertson, the Kings Utah announces the formation of a joint venture with Ogden, was accepted because River agreed to begin Kings mining immediately and to pay proposal Kings River Minerals Company, a Nevada Corporation, to continue exploration River New and to begin strip mining on its Nevada silver Products for thei: exploration costs to date. The joint venture, known as property. In making the announcement, L Robertson, President of New Products, stated several proposals J. the Cathedral Canyon Joint Venture, has contracted with Jenses Construction Co. and had been received from Nevada Service of Ely, Nevada to initiate a preliminary companies interested in the Mine was intercepted twenty two feet below the survade. In addition, drill sites and access roads are being prepared for the third phase of drilUngand blocking of the Ore Body. It is expected that this third phase of exploration will be completed in January, Robertson stated. Since completion of its second In a RIVERTON, Wyo. letter to shareholders, Glen Larsen, president of Western range was from 278 feet averaging States Mining, Inc., has .52 to 158 feet averaging .59. announced a joint venture in the copper mineralization in . preliminary drilling near Florence, Airz., John G. McLean, president and chief executive officer, announced. Drilling to date has been limited to wide reconnaissance with spacing ranging from 500 to 2,000 feet between holes, McLean said. Fifteen diamond drill core holes have been completed or are drilling, seven of which disclosed copper mineralization at depths between 400 feet and 1 ,500 feet. Extraction Corporation, New According to Robertson, Products now has a total of one hundred claims in the twenty-fiv- e Hamilton Mining District. Adjacent to New Products southern boundary, Kings River Minerals Co. has acquired 85 of the joint River and 34 venture. Robertson stated that the contractor expects to begin shipping ore before the end of November. Western States Mining announces joint venture in Tintic District Continental Oil notes mineralization on Arizona copper claim NEW YORK Continental Oil Co. has encountered porphyry and West of the sixteen claims acquired from Atomic Fule claims that have been assigned to the joint venture. In addition, Kings River has agreed to pay $92,000.00 for 66 of the venture. For assigning their claims to the venture. New Products has received $42,000.00 from Kings McLean said the fourth hole .encountered Tintic Mining District 70 miles south of Salt Lake City, Utah. renewed activity in the area by certain major mining companies on a silver prospect located in the once famous silver producing Ruby Mining District near Crested Butte, Colo. Larsen said they have 42 new jointly located claims lode Co. of Eureka, Utah. Major companies exploring for minerals in this vicinity are Kennecott Copper, Cities Service and ASARCO. Development Recent observations on our PH and Teri claims revealed renewed drilling activities by Atlantic Richfield," Larsen said. only sulfide in mining Participating in the joint unpatented minerals. The sulfide grade range venture this area. on property leased from in the four holes was from 138 Crown Point Consolidated Larsen said the firm has also Mining feet averaging .29 to 753 feet acquired mining properties on a "These - claims were sold to Co., are Century Nuclear Inc. and Based averaging .56. upon data Co. Western States copper prospect in the West Atlantic- Richfield on Jan. 10, from the four holes, average grade Vipont Mining Tintic Mining District in another 1969, and provide a royalty of 5 is the on the of the presently indicated Mining to sink aoperator joint venture with Century of the uranium concentrate mining shaft to a mineralized area is slightly above projectof 1300 feet. Nuclear and Centennial produced. depth .50. The company has reached a Additional drilling is under way depth of about 970 feet, Mr. to make specific determination of Larsen said, and some EVOLVING NEW METHODS D grade, thickness and areal extent. mineralization has been I The company controls through encountered in the shaft. One . Markets and Mergers in Real Estate Investments D Vertical limits of the mining claims or options a total sample from the 950 foot level 1 and mineralization have not been of 3,600 acres on the prospect assayed .3 ounces silver, .35 I Up-Dat- e in Taxation 1 thicknesses small and has 4,700 additional acres of zinc, amount lead, and a determined, but 1 claims, options and state leases in of copper, Larsen said. The next varying between 258 feet and 91 Reflturina as Instructor MARVIN B. STARR feet were intersected, McLean the area. sample from the 970' foot level v 1 said. Tax Attorney, It has been determined that if assayed 1.5 ounces silver, .8 V .4 .007 and lead, zinc, from received copper. Assays have been mining operations are undertaken, Oakland, California This is not commercial ore, j four holes, McLean continued. they would likely encounter Three of these holes encountered significant ground water Larsen pointed out, but is is an both oxide and sulfide minerals. problems and accordingly, indicator that the solutions that D November 30th These three holes were in hydrological studies will be made, form ore bodies have come j 0 mineralization at total depth and McLean added. At this time, through the underlying host rock. 8i December 1st There are seams that will be deepened, he said. In the quartz commercial feasibility of the holes containing oxide, the grade project has not been established. have visible zinc oxide crystals appearing in the shaft and we I M1T3 have encountered an iron stained If you intend tojsttrvtfe the 70s, you cannot afford to miss D zone of is which solicisell nor a is This announcement neither an offer to typical this down-to-eartpractical and extremely important weathered added. he two-da- y pyrite, tation of an offer to buy any of these securities. The seminar. D He said similar alterations have offering is made only by the Offering Circular. Topics of Vital Importance Include: occurred as halos over or close to THE ROLE OF SYNDICATION IN THE 70s ore bodies in other parts of the NEW ISSUE FOR UTAH RESIDENTS ONLY TAX SHELTER" vs "CASH FLOW" SYNDICATE Untie Mining District. i CREATIVE SYNDICATION Western States Mining recently WHAT CAN DESTROY SYNDICATION a successful- - stock completed Shares REAL ESTATE vs STOCK: "RETURN" vs "TAX SHELTER" 15,000.000 offering. Since the offering, THE TAX SHELTER BENEFITS OF REAL ESTATE Larsen said. Western States THE NATURE AND CONCEPT OF "TAX SHELTER" Mining has successfully completed ITS EFFECT ON THE "AFTER TAX" RETURN ON THE its contract with Western Nuclear INVESTMENT DOLLAR Inc. of Denver to dig a shaft to a CONCEPT OF LEVERAGE Common Stock depth of 372 feet in the Crooks GENERAL AND LIMITED PARTNERSHIPS Gap uranium mining area in Price: $.02 Per Share central Wyoming. In addition, Sponsored by UTAH REAL ESTATE two new have contracts mining EDUCATIONAL FOUNDATION i are been and consummated obtained Circular be from of the the Offering may Copies for reservations & details call: 484-522- 1 Underwriter. currently under way, he said. Outside Salt Lake dial toll free : They are with Union Carbide Mining Co. in the Gas Hills Mining District, and Petrotomics in the Registration Fee $60.00 Shirley Basin area. 337 So. Main Street These contracts call for Salt Lake City, Utah 841 1 1 UTAH REAL ESTATE EDUCATION FOUNDATION Western States Mining to mine ore Phone: (801) 0 3324 South State Street o Salt Lake City, Utah 84115 chutes extending into . the pit Stocxs Specializing m walls from open pit operations. Larsen said. The company is now Please register me for the two-da- y seminar on EVOLVING NEW the on in of bidding process Please send prospectus to: METHODS. Enclosed is my check in the amount of $60.00. j additional contracts for mining and sinking other shafts. Name Name On recent mineral acquisitions, Company Larsen said Western States Mining and Century Nuclear Inc., both of Address Street Riverton, have jointly acquired State City additional unpatented lode D City and State mining claims in the vicinity of Zip Code Owens Lake, Calif. There is 3E "l -- h, : -- Silver Sport, Inc, r Continental Securities 521-714- Over-'the-Count- er : 0 |