OCR Text |
Show UTAH-DELAWARE AND UTAH-APEX UTAH-APEX STILL DISPUTE OWNERSHIP The ore dispute which has arisen between the Utah-Delaware Mining company (formerly the old Highland Boy) and the Utah-Apex Mining company com-pany has not yet been settled, the offers of one party being rejected by the other. Underground developments on the disputed ore body is necessary in order to demonstrate ownership. In the absence of such development, the Utah-Delaware cannot ' and does not make any positive statement of own-nership own-nership 'and states that Utah-Apex likewise cannot properly in the absence ab-sence of more definite information make definite assertions as to its rights in the controversy. The underground work, which has been jointly agreed to by both the companies, is now under way. We can state that it is not the intention of the Utah-Delaware company to bring a lawsuit unless it should be forced to do so in order to protect its rights in the premises. It is said that offers to buy and sell have been made by each side in the controversy Utah-Apex offering to buy Utah-Delaware's claim to the property for a sum understood to be over $200,1)00, Utah-Delaware countering count-ering with an offer to sell foi a sum in excess of $500,000. |