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Show UTAH PRESS 307 H SUITE 200 ASSOC 31 Dc 99 S 5005 S SALT LAKE CITY, UT 84101 Celebrating more than 92 years of service to the citizens of Eureka. Volume Ninety-Thre- e EUREKA, UTAH - September 4, 1998 Price $.40 Number 36 ties, including the property now controlled by Tintic Utah Metals, LLC, a 73 owned subsidiary of Chief. In addition, tens of millions of dollars were spent, primarily by Kennecott, to explore and develop orebodies in the Burgin and Trixie Mines, and to delineate potential orebodies in the Eureka Standard Mine and the Homansville fault area. These companies, which conducted their operational activities under leases since terminated, no longer have any rights or interests in Chiefs or Tintic Utah Metals' properties or assets. The Burgin Mine complex was built by Kennecott and is now under die control of Tintic Utah Metals, LLC. Chief owns a 73 interest in Tintic Utah Metals, with KZ Utah Inc., a Presidents letter ti Masons plan visitation The officers of the Grand Lodge of Free and Accepted Masons of Utah, lead by Most Worshipful Grand Master David W. Barron, Ogden, will hold their annual visitation with the Tintic Lodge No. 9 at the Eureka Masonic Temple Friday September 11, beginning at 6:30 p.m. The Grand Lodge of Utah will visit all of the state's 32 lodges during the year where Grand master David Barron will meet with officers and members of each lodge. The Grand Lodge of Utah has over 2,600 members and in addition to the 32 lodges it also consists of the Scottish Rite Association, York rite Association and the El Kalah Shrine. The mission of freemasonry in Utah is to teach and perpetuate a way of life that promotes To Chiefs Shareholders: Your Company is now moving towards the 90th anniversary of its founding. The history of your Company reveals that during the period between Chiefs incorporation in 1910 and the early 1950s, Chief was aggressive in patenting its Federal mining claims into fee ownership and acquiring many smaller mining companies in the Tintic District. As a result. Chief is now one of the largest owners of fee land in the State of Utah. These properties are located approximately 63 miles southwest of Salt Lake City and 33 miles west southwest of Provo. The recent booming population and industrial growth of Utah, particularly in Provo and surrounding areas, is something that your Companys earlier managements could hardly have envisaged, including the resulting real estate development potential of as much as 30 of the surface of Chiefs properties. As a result of these earlier land acquisitions, there has now evolved the potential for the residential and commercial real estate development by your on approximately Company eleven square miles of Chiefs surface properties. During the 30 year period between 1962 and 1992, several Fred Garbett gave the following report at the August City Council meeting: subsidiary of Korea Zinc Ltd., owning the remaining 23 interest. To date, Korea Zinc has invested $3 million in Tintic Utah Metals. Under an Operating Agreement that governs the operations of Tintic Utah Metals, Korea Zinc will be obligated to accept Burgin Mine ore production at Korea Zincs smelters, subject to price protection for Tintic Utah Metals. Your Company became vested with a 73 interest in Tintic Utah Metals on August 13, 1998, at no additional cost to Chief, as the result of the of a $3 million obligation by a former member. Chief, as of that date, took effective control of Tintic Utah Metals. For financial reporting purposes, Tintic Utah Metals is treated as a subsidiary of Chief. Leonard Weitz President and Chief Executive Officer July 21. 1998 non-payme- Summcr Grimstead First Attendant Council gets work report Lightning hit the sewer plants 1 aerator and burned out the motor, and then went completely through the system and took out all of the relays and overload relays. He ordered Men over the age of 18 and out of California, installed recommended by a Mason in parts them, and now the system is good standing may join Utah Had to replace Free masonry, which is one of working again. one aerator. our country's oldest fraternal Expressed special thanks to organizations. Don Wall for taking his time to Freemasonry accepts men of come down to help get them all good character from all religoing. gious, cultural and ethnic backAn electrical engineer has grounds. Charity work and been contacted to see if there is community service are two of this from hapthe hallmarks of the Grand any way to keep The engineer did again. pening Lodge of Utah. not know of any way. However, would check with his The Masonic Foundation of he said he Utah donated approximately colleagues and get back to the some informa-- , $233,000 to community groups city; and he sent be tion that helpful. may throughout the state of Utah last Fred reported one water year. brotherhood, self improvement through education, family values, moral standards, charity and community involvement. major U.S. mining companies, Kennecott Corp., including Sunshine Mining Company and Asarco, Inc., constructed major capital assets at a cost of tens of millions of dollars on the mineralized areas of Chiefs proper- - connection and one sewer connection. Six County is planning a master plan on the Citys water system, with Six County picking up the tab. They are planning on doing all the water systems in the County. Replaced the pump on the tanker fire truck. Evans Long donated a 16 hp motor, and the firemen put it together and installed it. Kyle and Patricia Bigler donated a drive Chevy pickup for a brush truck. Had a donation of a pump and tank which has been installed, and they acquired a bank of lights from Grantsville which has also been installed. Radio has been installed; all body work completed and sanded; everything done except for the final paint job. Will have it on the road and licensed soon. Took care of the normal water leaks and sewer plugs, etc. eel Jessie Sharp "Miss Tintic" 9inmiss nt (This letter will be continued in next weeks paper, with focus on Chiefs Mining Interests. This material was submitted by John Schmitt, one of Chiefs Shareholders.) Taxes high? Tintic named now! As was reported in last complain weeks paper, Tirzah Sullivan The Board of Equalization won the title of "Miss Tintic" at for 1998 will be held in Nephi the pageant held August 14th. on 8th Since that time, Tirzah with her and Tuesday, September 10th Thursday, September family, found it necessary to Rom 6 until 8 p.m., at the move to Arizona, requiring her Commission Chambers located to relinquish her crown since she in the County Complex at 160 no longer is a Tintic resident. North Main, Nephi. Jessie Sharp, who was named The BOE will be in Eureka 1st Attendant, will now step up on Wednesday, September 9th, as "Miss Tintic" and Summer from 7 until 9 p.m., in the Grimstead will move up to 1st Eureka City Hall. B.O.E. forms are available Attendant. in office of the Juab Counthe beautiful These two young Assessor Eureka and located at 160 will ladies ty represent 98-9in 9 Main North for the the Tintic District Nephi. season. Congratulations, Girlsl (Kudos to Bobbie Johnson for all of her help with the Pageant. Her name was inadvertently ommitted from the list of those who deserved a big "Thank You" from the Eureka Improvement Committee). The United States is the worlds leading leather producer. Dolphins are said to have I.Q.s up to one hundred, which , competes with many humans. |