Corporate Profile for Original Sixteen to One Mine, Inc. dated May 1, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: May 1, 1998
Company Name: Original Sixteen to One Mine, Inc.
Address: P.O. Box 1621
Alleghany, CA 95910
Main Telephone
Number: 530/287-3223
Internet Home
Page Address
(URL) origsix.com
Chief Executive
Officer: Michael M. Miller
Investor Relations
Contact: Christy Burke
Business number: 530/287-3223
Public Relations
Contact: --
Business number: 530/287-3223
Trading Symbol/
Exchange: OAU/Pacific Exchange
Industry: Gold Mine
Market Makers: --
Company description: Original Sixteen to One Mine, Inc. mines gold on properties in the Alleghany mining district in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . The Sixteen to One mine, located in 1896, has yielded 1,105,000 ounces of gold. It is the longest operating gold mine in the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . Its high grade gold enriched quartz quartz, one of the commonest of all rock-forming minerals and one of the most important constituents of the earth's crust. Chemically, it is silicon dioxide, SiO2. is world renowned. Specimen SPECIMEN. A sample; a part of something by which the other may be known. 2. The act of congress of July 4, 1836, section 6, requires the inventor or discoverer of an invention or discovery to accompany his petition and specification for a patent with specimens photographs and jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. can be seen at www.origsix.com. The company, incorporated in 1911, has operated continuously ever since. It is the second oldest publicly listed gold company (Pacific Exchange). The hard rock underground miners use innovative metal detection technology to detect gold. They work with other businesses to develop new technologies to increase non-invasive Non-invasive A procedure that does not penetrate the body. Mentioned in: Multiple-Gated Acquisition Scan non-invasive 1. not penetrating the skin, e.g. a non-invasive test. 2. exploration substantially further within the rock. For the year ending Dec. 31, 1997, the company produced $2.2 million. Expenses were $2.8 million, resulting in a net loss of $320,000. The stock's high and low for this period were 4-1/4 and 1-7/8. The company has little long term debt. Gold production increased the first quarter of 1998 to 1,051 troy ounces Noun 1. troy ounce - a unit of apothecary weight equal to 480 grains or one twelfth of a pound apothecaries' ounce, ounce troy unit - any of the unit of the troy system of weights from 881 troy ounces during the same period in 1997. The company has 45 full time employees. CONTACT: Original Sixteen to One Mine, Inc. |
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