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Show The National Enterprise, July 14, 1976 Page nine Chemex Plans Testing of Anti-Canc- er Mining Highlights Agent Zinc Stockpile Sales Halted The Federal Preparedness Agency (FPA) confirmed that all of .zinc in the government DENVER-Negotia- tions the research were for informa- - 3.74?3fJ has been kpile will begin in mid-Jul- y impounded for the national between tion only, not for promotion of defense A spokesman said the stockpile. Chemex Corp. (OTC 1.50, the stock. was oered as an interim measure 1.875) of Riverton, Wyo., and And, Russell empfia- - actl? of a full scale study of the major medical groups that sized, We dont have a cure, Pendlog completion i'era11 natlnal stockpile policy and objectives, could lead to testing of the and we dont have a cure all. firms possible cancer inhibit- - What we do have is active . ReJJters said the action indicated adjustment tlJe stpJkPlle objective to absorb the entire ing compound on humans, a compounds that are effective stock he! gvernment which would standing-rooonly crowd was in these areas. e jong-teragree- told at the companys annual The areas he referred to ne8ate lth domestlc producers The halting are the firms compounds and lents meeting in Denver. S.uch sale? dPlte the fwt government Charles Hamilton, presi- - their apparent effectiveness in eet dent of the company that is fighting cancer, ulcers, acne current some stockpile objectives, generated coordinating research on com- - and tooth decay. of copper which rose 4 cents to 74 cents buying At that point during the pounds derived from the a pound. There was speculation that the creosote bush, which grows program, the compounds from wild throughout much of the the creosote bush sounded like government may start purchasing copper to the totally depleted copper stockpile. southwest, said that a meeting a patent medicine sold from replenish Supplies of Silver on hand were at their is scheduled July 15 with the back of a wagon in the late lowest level in more than a year-do- wn to 64 representatives of Rothrock 1800s with musical accompan- million ounces from 65.5 million in April of last International, a firm that iment by the worlds strongest reen modRy Market predicted a builds and maintains hospitals man or a performance by a ? further s,ren8thenln8 of he P" ver to throughout the world, to have dancing bear. But Jordan, who lists the clinical research done by the Nervi Clinic in Rome, among his credentials such clinic that previous positions as vice Italy, a Mayo-typ- e in specializes cancer research, president for science and Hamilton added, By technology with the Kettering clinical testing, I assume they Foundation and chief of space m m testing on human biomedical research with Martin Marietta Corp., ex- plumed that hea mg quahttes have long been attributed to a ea made frem he leaves of In June, he said the firm the creosote bush, sometimes delivered samples of its com- - called chapparel tea or pound for testing to he Mormon tea In Salt Lake City, he said National Cancer Institute the tests an man had screening agency cancer an opera ion for possible inhibiting undergone compounds before approval of the removal of a type of the Food and Drug Adminis- - Continued on Page Twelve It also delivered tration. samples of the compounds to a major eastern drug firm for supply-purchas- from the Coeur Sunshine Mining-Repo- rts d'Alene Mining District east of Spokane said the strike of Sunshine miners, now in its 15th The George week, may be settled soon. Schaefer Letter said the companys outlook is favorable despite the strike. Expanded development work increased ore reserves, especially outside the Unit Area of the mine. Drilling in the partially owned Big Creek Area disclosed a vein of high grade ore containing an estimated 50 he wrote. ounces of silver per ton, is Meanwhile, Sunshine readying second-dividen- d checks for 9 cents a share, payable Apex-Snowstor- m July 14. Independence testing, ld COMPANYS ANNUAL REPORT. During the first quarter, the east lateral being run from the mine was advanced 320 feet to a point 823 feet within West Independence ground. Work last year included 123 feet of drift, 145 feet of crosscuts and 1,380 feet of diamond drilling... The DIA Project heading from the Lucky Friday mines 4,050-foo- t level was advanced 251 feet in the first quarter, compared with 656 feet in all of 1975. At the end of the first quarter, the northerly crosscut had penetrated 802 feet into the adjoining Lucky Friday Extension property. IN THE wouldnt identify the drug conducting the actual research on derivatives of the creosote plant, has received a grant of $250,000 from the National Science Foundation to continue its research work for another three years. Chemex hasnt received much publicity about the progress of the research with of the plant, primarily because it has been forced into a quiet period by a and Exchange Commission investigation. A spokesman for the firm explained that, although the company is allowed to publicize the results of its research, its attorneys say that it is wiser, in view of the investigation, to keep as low a profile as possible. Investigation of Offering The investigation sur- rounds the firms initial stock offering, which, the SEC has charged, wasn't completed during the offering period since some brokers bought stock and disposed of it after the offering period. Hamilton emphasized during the meeting that the talk about the companys compounds, ng nal geoCapitol Silver chemical soil sampling conducted during 1975 further delineated anomolous target zones for diamond drilling and underground work, the Wallace firms annual report revealed. G. Snow, a Uranium Outlook-Dav- id specialist in uranium is quoted in Business Week as foreseeing a $75 price for the product vs $40 now prevailing. While the higher price might provide adequate returns for exploration of new deposits they will produce bonanza profits for companies with proven low-coMines-Additio- st reserves. TRUCK LINE firm for the 250 shareholders. And, according to Dr. Russell T. Jordan, research coordinator with Chemex, the University of Nevada at Reno, the organization which is Securities ree best value silver stocks mentioned by Banzhafi tw0 are in the silver Belt of IdahS Coeur d.A,ene Mini Dtericttalih- l- and Mlneaf Coen, Dene that dev. D,Aene elopment costs of the new Coeur Mine will be amortized in about three years and that Coeur , rf the 4Q d,Aene Mines lhcn wi, proceeds, Banzhaf said: "CDA also intends to increase its ore development planning effort on the American Silver Property. Star-Morni- Hamilton but derivatives work by tion HECLA NOW IS MOVING ALONG SATISFACTORILY, STOCKHOLDERS WERE TOLD mean 82-year-o- Lead-Explora- the research performed and the results of Does the difficult daily! Truck Line specializes in the transportation of specific commodities, including steel, machinery, construction and mining equipment, forest products, agricultural machinery and a variety of other products. Hauling heavy odd shaped loads is our business and we've become experts at it. The fact that weve now grown to where we rank in the top 10 percent of the over 500 Class 1 Specialty Commodity carriers in the United States is indicative of our success. F-- B We'd like you to become better acquainted with and invite you to send for our annual report. Write or call: Mr. Norton F-- B Parker Truck Line 1945 South Redwood Road Salt Lake City, Utah 84104 F-- B |