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Show The National Enterprise , July 7, 1976 Page Two Market Conditions Deter Jenex Plans Washington being carried out as outlined Plans to organize a limited in the Phase II exploration partnership by Jenex Gold program until the situation Corporation (OTC .055, .065) improves. Lamb also points out that to further explore the Jumbo Gold Property, Pioneer Min- Volcanic Gold, Inc., of which ing District, Amador County, Jenex Gold owns 6.16 of the California have been shelved outstanding shares, comdue to poor market conditions pleted its public offering of reports Norman Lamb, com- 4,5000,000 shares at $0.02 per share on March 26, 1976. The pany president. Results of the Phase I proceeds will be used to exploration program were explore Volcanic Gold's 39 gold prospect encouraging and recommend- claim open-pi- t II in Hills Mining been Broken have ations for Phase the made. Lamb said. He added District, Churchill. County, that work on the property is Nevada. COLVILLE, the Lady Bryan and Flowery mines both of which were producers in the 1920s and 30s by the mill hole or glory hole method of mining. Jenex Gold in a joint venture with Volcanic Gold has acquired four open-pi- t uranium prospects in Nevada. The first is the Argonaut Group of 8 unpatented lode mining claims in the Four Mile On its property The Flowery Gold Mines Company plans to explore for a large, lowgrade gold deposit amenable to open-pi- t mining methods and cyanide heap leaching. Flowery Gold also owns the Lost Partners open-pi- t uranium prospect in the Mining District, Churchill County. The second and third are the Victory Divide Group of 10 unpatented lode mining claims and the Karen Dean Group of 4 unpatented lode mining claims in the Dogskin Mountain Mining District, Pyramid Mining District, lode District, mining Washoe Research of United States Atomic Energy Commission reports from the 1950s and grass roots prospecting made these discoveries possible, Lamb said. Recapping events of the year, Lamb said Jenex Gold engineer and geologist James E. Brousseau, secretary-treasurer. The financial statement of the company shows current assets of $2,562, no liabilities and 6,540,000 shares outstanding as of December 31, 1975. The shares are owned by about 500 persons. The annual meeting of shareholders will be held on provided some initial financing to The Flowery Gold Mines Company of Nevada. This company owns 33 contiguous unpatented lode mining claims in the Flowery Mining Storey company office in Leadpoint, Washington, at 2:00 p.m. County, 50 Cents Per Copy The National Enterprise is published ing Company, Ihl, 500 Continental Salt lake Gty, Utah 14147. (101) S33-0SS- weekly by the National Enterprise PublishBldg., P.0. Boi 11771, Pioneer Station, lank 6 Second Class Postoge Poid m Salt Lake City, Utah It George Gregereon Publisher Alena E. Bentley Editor (Clatam Smiritir Ryan B. Poulton Business Manager. (Corporation 25 SOUTH 500 EAST SALT LAKE CITY. UTAH 84102 (801) MaiyMcMHIan Gabor Terry Swanger Slafl Reporters Peter Harrison Operations Manager Doris Werdte Circulation Manager Contact compared with $7,668,000 reported for the corresponding quarter last year. Logicon provides high technology products and services to industry and government. Offices Opened by FAIRFIELD, New Jersey Rapidata, Inc. (OTC 3.125, 3.50) a remote . access com- Subscriptions S24.00 per year - Revenues were $7,661,000, Rapidata THE NATIONAL Going public can be a great opportunity for growth (stock can often facilitate acquisitions) . . . but its not much consolation if youre left on the outside looking in. We can make your company public and keep you in control. No need to worry about months of delays, either. We move quickly and precisely. Talk to us before you give your company away to a board of directors. You built it; you should keep it. quarter year. Saturday, July 10, 1976, at the Nevada. The claims surround Going public is tough. Keeping your seat is even tougher. inreported record high net come of $841,000 or 98 cents per share for the fiscal year ended March 31, 1976, up 26 from the $670,000 or 78 cents per share of fiscal 1975. Revenues were $31,967,000, compared with $33,668,000 for reported Green, consulting mining of the last fiscal and County. District, ANGELES Logicon, Inc. (OTC 3.75, 4.75) today LOS Washoe County, Nevada. claims in the Hungry Valley Mining Notes Record Income fiscal 1975. Net income for the fourth was $224,000 or 26 Officers and Directors of quarter cents per share, up from Jenex Gold are Norman A. $114,000 or 13 cents per share Lamb, president, William R. for the fourth Washoe County. The fourth is the Polly P. Group of 17 unpatented Logicon puter service company announced the opening of two new district sales offices in California. Each office located at 4000 Westerly Place, Newport Beach and 3000 El Cam-in- o Real, Palo Alto, California provides full technical and marketing support represen- tation. Rapidata maintains sales offices nationwide in other major cities such as Atlanta, Boston, Chicago, Los Angeles, San Francisco, Philadelphia, New York, Washington, DC, and sales offices in suburban areas in New Jersey, Long Island and Florida. Richard L. Chatham, President Salt Lake City (801) 531-033- 7 Earnings Increase atZ&Z SANTA MONICA, Cal.-- Z and Z Fashions Ltd., (OTC 1.125, 1.50), owners and operators of the ten unit chain of DISTRIBUTION CENTERS NEEDED FOR Mi titam (Hi densm 3Q $!SD i FI Eli Swimming Pool Heating Systems Home Heating Systems Water Purification Systems &QHU.1I ggf (Qt)3a 2;H8 Ui Zeidler and Zeidler Mens clothing stores and Zeidler and Zeidler Boot and Shoe Shops, reported Earnings of $60,603 (unaudited) on sales of $1,579,363 for the six months ended March 31, 1976 Earnings per share, on a total of 385,000 shares or equivalents outstanding, equalled $.16. Comparative figures for the like period of 1975 were earnings of $47,794 or $.13'per share on sales of $1,353,556. |
