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Show 8B88SBS8S8EBBSIIIIHM68BSM5i $&' ' ' "' ri' This photo was taken in 1923. Sadly, we cannot identify anyone in the group (standing on the south side of the Tintic High School). It appears to he some sort of team with their instructors. Can anyone help us out? Call or write: The liureka Reporter, I.O. Box 150, Eureka, UT 84628-015(Photo courtesy of Martin 0. and Margaret Fennell and Jim Owens. Celebrating more than 90 years of service to the fitizens ofEureka. Volume Ninety ! : EUREKA, UTAH -- SEPTEMBER 29, 1995 Price $.40 io Akiko gains $5 million in Korean financing Akiko Gold Resources Ltd. Korea Zinc receives a right of America, South America and Africa. It recently announced agreement to purchase the Big River smelter in Sauget, Illinois for U S $52.5 million. Akiko Gold is particularly pleased with the opportunity to Korea Zincs undertaking to work with Korea Zinc, and looks fund by September 30, 1995 is forward to developing a mutually subject only to receipt of approv- beneficial and growing strategic als from relevant authorities and relationship. Akiko Gold believes of a comfort letter from Chief. that the Tintic Project will be a Korea Zinc's overall undertakings mining camp of silverlcadzinc beyond September 30, 1995 arc and gold deposits. Akiko is confisubject to satisfactory completion dent that the Tintic Projects New of due diligence and definitive Burgin Deposit reserves (previagreements to be accomplished ously calculated at 1.03 million not later than November 30, tons containing 24 million ounces 1995. The Korea Zinc Company, silver, 550 million pounds lead a major smelter of zinc and lead in Korea, has recently been expanding its smelting market into Australia and North America, as well as pursuing base metal and precious metal exploration and Utah County Sheriff deputies, development projects in North working in conjunction with the Utah Division of Sovereign Lands and Forestry fire investigators, have arrested two men in connection with a scries of wildland fires near Goshen. Dick Buchlcr, state fire investigator, said the men set four taken to the county planning fires which burned more than 10 commission for direction. It was acres of brush land and cost more his opinion the construction may than $1,000 to control. not be allowed because it did not "Were investigating a number conform to current standards. of human-cause- d fires in Utah There is not enough properly and Juab counties," said Buehler. attached to the homestead to "Weve been fortunate that there allow it to meet the current land have been no injuries, but outrequirement for construction. buildings, livestock and fences Commissioners Joseph Bernini have bom destroyed. Suppressing and Ike Lunt thought the permit these fires is costing taxpayers should be allowed because a thousands of dollars." residence was replacing an old Buchlcr said people have one. "They would just be replac- caused more than half of all ing a former residence," said wildland fires during the past 10 Bernini. years. The average cost of these "Unlike Gordon Young, I fires each year is $1.2 million. don't have a problem with allowCitizens who may notice ing the construction," said Lunt. vehicles or people in the vicinity In his mind, the home should not of wildland fires are encouraged fit under the new ordinances for to record information and call their local sheriffs office. building in Juab County. has signed a letter agreement first refusal to participate in with the Korea Zinc Company of financing Akiko's portion of that Seoul, Korea. The agreement final carn-i- n funding, and agrees provides for investment by Korea to be available to process Tintic Zinc of US $5 million in reserve Project concentrates at competiexpansion drilling, feasibility and tive prices. development of the (plus gold) Tintic, Utah Project being developed by Akiko Gold and property owner Chief Consolidated Mining Company. Akiko Gold has funded US $2 million of its $10 million project carn-i- n requirement. Now Korea Zinc will proporinterest tionately earn a 25 50 Akiko's of (half interest) in the Project by funding $2 million cash payable by September 30, 1995, committing to fund the next $2 million upon completion of an agreed phase of work, and funding $1 million of the final $4 million required to fully vest Akikos 50 project interest. and 180 million pounds zinc) have already been expanded by the drilling program to a global reserve approaching 2 tons. The last assays reported were for Hole CB-1- 3 which intercepted three stacked ore zones in the north central portion of the Deposit, including 25 feet of over 47 ounces silver lead and 7.2 per ton, 12.9 on-goi- ng zinc. The Deposit remains open in most directions, a new reserve calculation is underway, and substantial expansion is anticipat-millio- n cd when drilling commences from new drill stations beyond the northern perimeter of the known reserves. On Behalf of the Board of Directors, Stephen E. Flcchncr, President & Chief Executive Officer. Two men arrested in series of fires County asked to allow home on Steele Ranch Juab County Commissioners arc mulling the question as to whether or not to allow a new home to be built on the site of the Doc Steele Ranch. The previous home was recently destroyed The home was by fire. built under old requirements and docs not meet the current building requirements of the county. Making inquiries about the matter was Glenn Grcenhalgh, Juab County Economic Development Director and county planning commission director. According to Grcenhalgh the home conformed to uses allowed under the old requirements. It could be built again under a use permit, he said. Commission Chair Gordon Young suggested the question be non-conformi- ng Mystery Pictures! These pictures were taken in the beautiful garden of a local resident. Since they cannot be printed in color, one cannot fully appreciate the labor and artistry that went into this garden. It is filled with a wide variety or plants, covered with blooms of many hues, and reflects the hard work put into it by a creative gardener. Can anyone guess whose garden this is? |