| Show Silver King Consolidated ted Mining Company i t 1 f u. u t l tlC C 1 i X V m f i to r V I 5 tZ I t li J f v 4 V T. T 1 k 1 tot 5 1 aI I. I 4 f. f c 1 lil 7 fr 1 r t g. g m rl t f ft t f f. f I f. f l t fl t tt y a. a 1 f JiM 4 j x- x t 1 r t t t rt i t. t. t J r hr rl 1 i J. J tf r r it i o. o T. T t. t 1 H f r t. t J c f 1 0 t H r ft i ht r r-i r i L A 1 oj i i. f. f t olt J. J 0 t I i k ft Ja 1 k i. i t t t f f 1 i i Jt rj lt 1 L 1 0 tj i fi o i ol I it lr t fj J Z J nv m l-m ry 1 r. H o. o J f tl- tl 4 A I. I l 7 t J i k 4 r t jj J. J l IW m Vl P I r. r t. t Ih I 4 i 1 1 1 l t i lit I c I r J JJ r. r 1 1 ro r J rJ 8 76 1 li r 1 o. o r tt ir IL r. r I t 1 r 1 i I f z t-l t H ro-e- ro W J 1 a f I i I 4 11 it 1 Y tWo h 7 i T I I p 2 I e 1 IY j 4 s 's t V 1 4 I i A 1 I I 1 HE mine makers of or Park City have THE 1 JL always profited when when's thc they acted on the thc a advice given g by Horace Greeley Gree- Gree loy ley to the young young- men of ot his day Go west ost I. I Each movement to tho the west on the course courso of ot the he Park Parl City vein eln system stem resulted In the development of ot ore oro bodies of ot Increasing size alzo and value Finally however progress In this di direction direction direction di- di came to standstill not because the mineral mInera wealth of ot tho the veins was lessening but lut because of ot an Increase In operating costs due duo to tho the Influx of ot water Many Inny excellent prospects In Thayne's canyon where surface ores demonstrated demonstrated demonstrated demon demon- a a. continuation of ot tho the bonanza veins were neglected on account of tho the large c capital required to deal with tho the water problem In tho the course of ot time many of ot these prospects passed Into tho the hands of ot tho the Silver SilverIng wing King Ing Consolidated Mining company compan and were welded Into a n. compact territory ter ter- o of 1200 acres Consolidation under strong management man man- made It possible to undertake on an nn adequate scale tho the drainage and exploitation of ot the tho ridden moisture area ateo A three-mile three tunnel of ot capacity sufficient to drain and develop tho the western third of ot tho the Park City district was projected and and under the energetic energetic ener ener- getic management of ot the Silver King Consolidated Is rapidly nearing com corn During 1918 the tho tunnel known as the Spiro tunnel In honor of the president presIdent pres pres- ident of ot the Silver King Consolidated company was advanced from feet foet to the toot foot point and In May of ot this year car pas passed cd tho foot toot mark Engineering authorities agree that at least six of or the productive e sil sU- sil- sil lead vcr veins of ot the Park City district district dis dis- will be penetrated by the tunnel tunnel tun tun- nd nel within the next feet tho the first firstIn firstS first In not more moro than 1000 feet and the others at short Intervals thereafter Its ownership of ot territory will enable th the Silver Sliver Kin King Consolidated to drift drifton on each of ot these theBO veins fe-et fe feet to tho the 1 west and extract t t. Its mineral contents contents contents' with far tar less expenditure of ot time and money than has been required In the vertical shaft workings workinG's h heretofore r era em em employed In development above the water water water wa wa- wa- wa ter level The Tho greater part of ot the ore horizon horizon hori horl- zon will bo be above tho the tunnel tun level le This will ill permit overhead o sloping and the thc loading of ot cars by gravity ity On emerging from the tunnel tho cars can bo be unloaded either Into railway cars or Into the tho receiving recel bins of ot a amill amill mill according to the character of ot the ore With such tuch facilities It should be possible the management estimates to produce the ere ero at prewar cost In spite of or tho the advance In mine labor and all kinds ot supplies and equip equip- ment meat To furnish sufficient space for tor railroad railroad rail rall- road rond sidings tailings ponds dumps mill etc tho the company compan has hus recently enlarged Its holdings holdinG's of or surface ground at nt the mouth of ot the tunnel by tho purchase of ot a acre seventy farm tarm This land In addition to the tho land previously acquired gives es tho the company acres at the tho tunnel outlet Although the thc Silver King Consolidated Consolidated Consolidated Consoli Consoli- dated has conc concentrated Its Us efforts on the tho extension of ot the tho tunnel because I of ot Its manifest manlest Importance as the key to the mineral ral deposits of ot the entire western part of the Park City district c some attention has hag been been paid to the theore theore ore bodies In an upper horizon where tho the fissures come to the surface and a considerable tonnage o of ore oro has been mined and milled at what fa Is known as the thi C-C C workings In the upper part I of ot Thayne's Thayn's canyon Thirteen carloads carloads car car- loads o of silver lead concentrates have e been marketed eted this year and a 3 large stock of ot high grade zinc concentrates c accumulated pending the betterment t I f the spelter market Eventually these ore bodies will be tapped by the Spiro tunnel at a depth of ot 1800 1300 feet teet The vein system through which the tunnel will be driven en embraces all the famous ore channels from which the millions of ot the tho Silver King Coalition and Sliver Silver King Consolidated have been produced East of ot tho the water zone sone which Interfered with further development development develop develop- ment the various veins yielded silver lead lead gold Jold and copper to the value of ot approximately 9 One no ne vein alone in a Sl distance of ot feet teet in Silver King Consolidated territory territory ter ter- produced an average average of per linear foot toot and it has been estimated estimated esti esti- mated that its continuation through tho the territory to be opened by the Spiro tunnel will yield at the same ate The Tho higher his price of or silver will also have havo an nn Important bearing on the fu future futuro tu- tu ture turo earnings earning's of ot the te Silver King Con Con- In the past fire f years CaTS the company has sold eold approximately 2 ounces o of this metal at nt an aern average o price e of ot CO GO cents an ounce Had tho the present price pr prevailed during th the year five per period od ti te additional for or the silver r content of ot the alone would have almost doubled dividends on the shares of ot the c cc pany Even at 1 51 an ounce the m in ml mum price fixed by law laon the si eu mined in the tho new neon territory will ret about 66 3 2 per cent more than product of ot h The thc old workings The facilities afforded by the S SI tunnel for tor cheap drainage and econ coon I teal leal l mining are appreciated ll by owners of ot other mining the western part of ot the Park City and here is no question 1 Its benefits wilf be sought by a a. a cent properties s and a a. considerable derived from extension of or privileges cs J If tho the company decide give such service The original workings of ot the SI King Kin Consolidated Consol dated were through h an foot 1800 shaft with drifts and levels from w tons o of ore of ot a net h have ve been extracted in years ears During the same period was paid In m n dividends Owing to the scarcity of ot labor i c cIng Ing lag the last monts moats of or the war vin w v wIn wIn in tho the old was suspended the available men employed In Spiro tunnel and C-C C shaft shatto Tier Then however considerable unopened gro goro groIn In the vicinity of or the old shaft f t which good results are expected The officers o of the Silver King C are aro Solon Spiro and general manager R. R P. P Morris president D. D D L L. G G. W. W Browning Drowning secretary and H un HJ A A. Lee consulting engineer g nd t manager |
