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Show Page 6 - OMJ November 16, 1970 ASARCO sees no harm in mining of White Clouds area; restoration plans, improved accessibility seen beneficial WALLACE, IDAHO-- S. Norman Kersten, chief geologist for the American Smelting and Refingin Co., said the company does not believe mining activity in the little Boulder Creek Valley near the White Clouds peaks will be harmful to the East Fork oi the Salmon River. He said if and when ASARCO decides to mine its deposit sure it can protect the quality there, the country could be facilitated by a good road. Even during mining operations, persons would be attracted because of the availability of a road which would be built at no expense to taxpayers. Kesten said ASARCO would have to plan the reclamation with care because within 16 months the state legislature will pass a law making reclamation mandatory. The company assumes the law will be enforced. As to the merits of mining in Idaho, Kesten said the company would mine 20,000 tons of ore per day for 20 years, and the gross revenue would be some $23 million per year, most of which would be spent in Idaho for wages, salaries, goods and services. He said taxation on the local level would, garner $1 million, Kesten said bills concerning the area introduced in Congress in August specifically provided for the protection of existing rights $200,000 in state taxes and more than $1 million in federal of American Smelting and revenue. Direct employment would be 300 to 350 persons. Some 1,500 Refining. He said some less abrasive contact than the news media might help ASARCO arrive at some way to exercise their rights to the best advantage of all Idahoans. persons would be directly supported and several hundred more would be indirectly, supported. company would be of the downstream water because under state law the firm is aware the operation can be shut down if safeguards are not taken. Company spokesmen had said that ASARCO will not operate if it will damage the salmon in the river. The firm is now operating a tailings impoundment area, the effluent from which is acceptable under state standards. Kesten said during an open pit mining operation, the area where the ore is being extracted and larger areas where wastes are deposited can be used for nothing else. He said nature restores those systems, but at that elevation it would take years to restore the area. He said with mans help the ecological restoration can be done in a few years. He said there is a possibility a deep fresh water lake could be developed from the open pits. He added that access to such a recreation area in the high Co un ter OVER THE COUNTER AEC completes flaring of s Rulison Project STOCK DIGEST Nietos The OTC Digest offers valuable information on more d stocks than 200 "PENNY and other trading actively in Utah, the Intermountain West and Nationally. No other single reference source offers so much useful information about so many penny issues. stocks and other low-price- LAS VEGAS Officials of the U.S. Atomic Energy Commission have announced here the first phase of production flaring at the Project Rulison well. Burning of natural gas at low-pric- ed Project Rulison in western Colorado was completed last Tuesday. The well was shut in after a total of 109,456,000 cubic feet of natural gas was burned at a rate of 1 5 million cubic feet per day. The tests began Oct. 26 when pressure at the . wellhead near Grand Valley was 2,246 pounds per square inch. By the afternoon of the day the tests were completed this pressure had dropped to 1,200 pounds psi. Aztec Oil & Gas reports eyenue hike DALLAS Aztec Oil & Gas 36 increase in a jo. reported hird quarter profits on a 12 rise n operating revenues. Van Thompson, president, .ttributed the gains to increased ales of both oil and gas. A big factor, however, he said, vas the substantial rise in natural ;as production from New Mexicos San Juan Basin in the hird quarter following Federal 5ower Commission approval of idditional deliveries by Southern Union Gathering Co. to El Paso Natural Gas Co. for the latters California market. The volatility of Utah's "Penny Market" is well known. In no other market can an investor with limited means participate with so little and still hope to make it big. Even in a depressed market, many penny stocks make dramatic swings of 100-50or more within a short time. For a few hundred dollars in stock, an alert investor can participate vicariously with a company drilling for oil on Utahs famous "North Slope". He can be supplying surgical instruments at a hospital in New York City. 0 life-savin- g These young, aggressive companies are engaged in such dynamic industries as: Oil and gas oil shale mining exploration exploration silver, gold, uranium, antimony and other prereal estate vious metals pharmaceuticals fashions, wigs cosmetics hospital and surcomputers phonograph gical supplies : food supply livestock and ranching records recreation marketing sports equipment electronics household products banking and health finance hospitals nursing homes air pollution control improvement facilities devices and many, many more. A great gift idea! Only one edition a year limits supply, so order at once by sending $4.50 for a single copy, $4.00 each for ten or more. r YR COPY NOW! CHRIS S. 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