Show DEAL APPROVED from the salt lake tribune when the stockholders of the daly judge mining company met yesterday afternoon at jersey cit city y in apeci special al session I 1 they ratified from one end to the other the proposition placed before them by the officials this action releases a group of eight claims of the daly judge company which group lies on the extreme southwestern end lines and paves the way for the organization of a new company which will take over these and additional mining territory at parl park city in which new company the daly judge will be a large stockholder in consideration of deeding the group mentioned it will be the purpose of the now new co company u to develop its territory which extends over a liberal portion of the balanza flat region and which adjoins the properties of the silver king coalition mines company as well as the daly judge the bonanza flat portion of park city for many years has been counted as the most likely mining ground in the camp of park but there have been several difficulties met with in this work which difficulties it will be ahe 4 he duty of the new company to overcome one feature of the new company will be the development of this rich territory therefore and the development also of the daly judge territory on the western and southern sides the next feature will be the driving of a new drain and working tunnel from and through the new ground and into the daly judge properties this tunnel will be two iwo and a half miles in length and it will secure a vertical depth of 1 leet feet at least in the deepest place although it will be no deeper than the ontario drain tunnel level at the daly judge or daly west shafts the tunnel will not follow the trend of any one formation but will crosscut cross cut tho the entire section which it penetrates and for this reason will be more economically driven and maintained than would be the case otherwise although the daly judge stockholders have not had a great deal of time in which to consider this proposition the attractiveness of the deal from a daly judge standpoint was sufficient to bring about a speedy determination on their part which culminated in the ratification of the plan of yesterday the company is not giving up more than it will receive under the new arrangement while it retains a stretch of mineral ground which is feet in length from the shaft orthe eastern line to the western boundary the new plans will give a a ready ingress to a portion of the daly judge that is known to be full of fine promise and a great deal of time will be given to the company development the company by the way is doing twice as much development and dead work right along as it has at any period of its history yet each month the management is adding to its cash surplus in a very faithful manner general manager gr W lambourne of the daly judge company stated thursday afternoon that it is a trifle early to discuss the plans of the company which is to be organized gani zed but he wised to be understood that everything possible would ve be done to bring the benefit of the enterprise into every spot desired properties within reach and needing the new tunnel to work in or from will find the company anxious to accommodate them as the good of the camp is at heart as well as of the particular proposition in hand details of this company are being arranged and will be given out at the earliest possible hour everything is being shaped in such a manner that park city whose expectations have been aroused by the deal will by no means be disappointed in the outcome most encouraging reports are being received from the western utah copper com banys property in the deep creek country tooele thoele county utah general manager duncan who recently visited this prospective bonanza is elated over its physical condition as the vein in one place is seventy five fe feet et in width and carries with it ore of shipping grade |