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Show The National Enterprise, April 14, 1976 page nine Mining Highlights saggggaK -- continued from page Three about a March 4 Washington State Court of Appeals deciMorning sion which reversed a Spokane County Superior Court judgSunChester Mining-T- he in favor of Sunshine in a ment shine mine's 5,400-foo- t level East Drift has been extended $1.25 million suit brought by into the Chester Area a short SILVER SURPRIZE over silver distance and will be continued ore mined from Surprize through the length of the ground. Sunshine claimed 1,500-folong area following extralateral rights to the Yancompletion of raise develop- kee Girl vein ore. ment in the Sunshine Unit Area. Callahan Mining-I- ts Galena Mine, operated by ASARCO on a 50-5- 0 basis, Sunshine Mining--Th- e of 3.35 ounces million Major Coeur d'Alene Mining yielded vein-faul- t. ot Were Helping Keep Americas Automobiles on the Road District come producer silver last year, divideclared a dend of 9 cents a share, payable April 8. The $506,307 disbursement will bring to more than $56.3 million the total paid Sunshine stockholders over the past 50 years... The 500 underground and surface workers at the Sunshine mine continued idle first-quart- expensive and in short supply. So it's important to conserve every possible drop of this precious fuel. That's where we Gasoline silver is er 136,000 We insulate petroleum storage and transport facilities to help prevent heat loss caused by high temperatures. Insulation of pipe lines and storage tanks mokes them safer too! We re also involved in insulation projects to help protect petroleum products from extreme temperatures on the other end of the scale. We have insulated instruments for the newly developing oil program in the North Sea where temperatures reach 50 degrees -- District. Lucky Friday Mine at Mullan continues as one of the great Coeur dAlene district producers. In 1975, 173,245 tons of ore assaying 15 ozs. of silver, 11 percent lead and 1.25 percent zinc were produced. Calculated ore reserves at years end totaled all-tim- e aunces less than in 1974. Galena revenue declined to 505,000 tons. Few people realize that all of Lucky $4.07 million from $5.75 million; Callahan's net income to 80 Fridays production comes from ore mining claims. cents per share from $1.21 in Callahan said it will have an 8.33 percent initial production interest in the adjoining Coeur silver mine recently put into production by in a strike called March 11 ASARCO. Callahan also said it over terms of a new work is negotiating to explore the contract... Sunshine manage- adjacent Calady property from ment also mulled what to do one or more of the lower levels of the Galena mine. in! Silver reported an agreement with COEUREX, a partnership of mining men in Spokane and Denver, to carry on exploration of virgin ground under Mullan, Idaho in the Coeur d'Alene Mining Allied 1974. ADVANCE ORDERS now being taken for Digest of Old and inactive securities covering some 10,000 companies including many valuable ones. Advance Price $50. AD Unversaw 825 10th Ave. Vero Beach Fla. 32960 F. RESEARCH old and inactive There are many ways to conserve gasoline. Driving at slower speeds and keeping your automobile tuned up are a couple of them. This is how you can help. Insulation of petroleum facilities is another way. And that's the business were're in. securities for $10 each. Send copies to AD Unversaw 825 10th Avenue, Vero Beach, Fla, Rocky Mountain Drill Rig Activity Continues Decline 32960 SALT LAKE HOUSTON GOLD PROFITS HOW TO MAKE A FORTUNE FROM THE COMING GOLD ROOM INVESTING IN LITTLE KNOWN U.S. BOND MINE STOCKS From '60 to '68 penny silver stocks increased in it will happen to penny golds! price-o- n average 150 times Why Learn 15 specific reasons why you should consider penny gold stocks. Which ones to select, when to buy, how to buy, how to diversify, how to invest, when to sell, how to sell. tThc number of rotary drill rigs actually at work in the western states continues to decline. Carlton Stowe, minerals specialist, Utah. Geological and Mineral Survey, notes statistical counts furnished to the Survey by Petroleum Information Corporation, show that rotaries at work in the mountain states March 29 numbered 173. Its another low for 1976-- 86 below the count on the comparable date a year ago... and the lowest level of activity in the mountain states since May of 1973. Utah currently has 18 active rigs, a drop of one over a month ago and a decline of 1 1 compared with the figure recorded a year ago. Bad news, too, is that oil and gas operators have drilled 29 wells in Utah as of April 1, compared with 44 the same time last year. Seasonal factors arc at work, of course, but the sharp decline is a reflection of the impact of 1975 tax and price changes. Utahs current oil and gas drilling operations as follows: Uinta Basin: 26 wells are carried in drilling reports as either drilling, testing for final completion gauges or waiting on equipment to move to the site for additional work. Fourteen locations have not yet had operations beginning. The largest and Cedar majority of these wells are in the Bluebcll-AltamoRim area west, north and northeast of the town of Duchesne. Six deep wells are Northeastern Utah's Summit County: in the Pineview field vicinity. One continuing drilling mostly deep test well in the area is below a depth of 17,000 feet. Southeastern Utah: A new well is starting in the Agate field area which is a deeper test in the vicinity. The George Graham Livestock So., will go to at least 1,650 feet, No. 1 Colorado-Uta- h about 350 feet deeper than the normal production in the field. Drilling is being done in the Wcstwater area and near Cisco Springs. A well in the Long Canyon area west of Moab is drilling below 5,900 feet. Grand County has 13 locations staked by operators scattered throughout the county for drilling but operations have not yet begun. San Juan County activity is still centered in the Aneth field area. Central and Western Utah: Odessa Natural Corp. has three wells scheduled in Emery County all to depths below 6,850 feet. Two wells in the Upper Valley field of Garfield County arc nearing completion. Tenneco Oil expects to finish the wells shortly. In Millard County, near the Nevada border just south of the town of Garrison, Needle Exploration Co., is waiting on a rig Needle to further drill its 10,000 foot test well, the No. Anticline. In Sanpete County, a deep test well. ..to depths of 20v000 feet or more... is beginning operations. Hanson Oil Company is drilling the No. 1 Moroni at a depth below 1,500 feet. And, four locations arc selected for drilling in Sevier County from depths ranging from 3,400 feet to about 10,000 nt Some suggestions will surprise you! Fifty-fou- r penny golds listed and discussed. Ten chapters, 177 pages, 4 appendix, 816 x 1 lsize. Acclaimed by national and international gold experts and financial editors. Norman A. Lamb, has studied Western gold mine geology for 20 years the only authority in this little known investment field. The author, and he is not too late! These unknowns will be the gold stocks of the future. The penny gold action has barely begun. It is Be , ahead of the crowd! Discover obscure penny golds before they get popular. A new way to look at gold investments. your copy of SMALL FORTUNES IN PENNY GOLD STOCKS SEND 10 NOW Name Address. Mail this coupon to: 1- SRT City Corporation P.O. Box 148 State Vallejo, California 94990 Zip Please send me copies of SMALL FORTUNES IN PENNY GOLD STOCKS by Norman Lamb at 10.00 each (California residents add sales tax). Enclosed is a check for -B feet. Salt Lake City: Willard Pease continues drilling at his No. Gillmorc well just west of the city and northeast of the Airport. 1-- NE A |
