Show park cl city ty mines for coir 1915 BY F T WILLIAMS in speaking of the general condition of the park city mining district for the year 1915 a glance at results from a shipping standpoint would seem to furnish the correct information for a statement of facts it is true that such a statement would be blunt and robbed somewhat of that optimistic spirit which properly prevails in any mining activity but a mining camp was never permanently prosperous unless heavy shipments were being made and attendant dividends declared the total production of the park city cit y district has been three tenths of which or has been declared as dividends dividing these amounts by the producing period of forty years gives a yearly average of gross production and dividends the year 1915 will close to gross production with earnings of of which amount has already been declared as dividends and the balance held for early declaration from these figures it has been shown that 1915 has been a better year than the average which fact is remarkable when one is considering consider ng a mining camp over forty years young should the splendid record of novem mining engineer park city utah her ber and december 1915 be continued throughout 1916 it is apparent that park city is on the eve of a year which can be favorably compared with any of the old boom years when silver was selling for 1 an ounce satisfactory conditions the substantial reason for the healthy heally tone prevailing in the park city district is is the present satisfactory condition of the metal market and its promise for sustained higher levels coupled with the large tonnage of ore exposed in the producing mines the high price of spelter has been one of the direct causes of greater tonnages ton nages shipped and extra dividends declared the present price of silver is above the average for 1914 but the average for 1914 was 6 cents higher than the 1915 average the prospect for higher silver quotations is fair the present condition of the lead market is healthy the present price of lead being 1 cents per pound higher than the 1914 average this year the average price was three quarters of a cent per pound higher than the average price for last year the average price of spelter for 1915 was about 14 cents as against 5 cents for 1914 while copper is of minor importance in porta fice as a product of the district the I 1 increase of 4 cents in the 1915 average L over the 1914 average has been belef beneficial acial 1 the park city mining district can boast of nearly a score of operating mining properties employing in the neighborhood of 1100 men A brief statement concerning conditions at each of the mines of the district follows the three kings the development work at the property I 1 of the three kings silver mining company I 1 has been prosecuted uninterruptedly during the past year this property comprising r approximately one hundred sixty acres is located in hollow about three of a mile southwest of the town of park city and is situated very favorably in so much that it is practically surrounded by the big producer the silver king coalition mines company and is quite close to the silver king consolidated mining com banys property A double compartment and well timbered shaft has been sunk to a depth of feet and a drift run for a distance of feet which has now reached a depth in the park city formation where the discovery of ore bodies may be expected at any time the shaft is located at a very advantageous point and is in the park city formation throughout its entire depth the upper bed of woodside shale with its water bearing properties having been avoided in this shaft the ore penetrated in the shaft and drift has been of a highly mineralized nature while numerous bract fractures ures and slips have been encountered the company proposes to push the development work with renewed vigor and hopes to add another producer to the park city district during the present year silver king consolidated at the silver king consolidated the surface improvements were completed A three story house containing hot and cold water shower baths reading rooms individual bed rooms steam heat etc was finished and is in the authors opinion one of the show places of the district a and d indicates a managerial policy which is s at once broad and humanitarian A new 20 ton pullet and fireproof powder magazine was erected the installation of a d 2600 cubic foot motor driven compressor was completed this compressor is the largest of its kind in the state one of the serious problems which had confronted the management was solved when connections were made with the 1100 and 1450 foot levels of the silver king coalition mine thus affording ventilation and another means of egress in case of accident ore was opened up on the 1800 foot level at the iowa copper copper apex the tunnel has been extended to cut a promising fissure which is now being explored this property is located on scott hill it is under bond and I 1 lease ease to park city people who are known locally as the thrifty thirty this property has been financed for a winter campaign of development at the daly west mine the new mill was completed and placed in successful opera tion owing to a shortage of water the mill is being operated only about half time and the mine force has been cut to meet this condition the snake creek tunnel at the snake creek tunnel good progress has been made the monthly average of about feet being somewhat low on account of a six weeks shutdown caused by excessive water at the breast the tunnel is headed directly toward the daly judge property which it will reach about march 1st ast 1916 the breast of the tunnel is now beyond the summit of clayton peak and will be advanced another feet before reaching its objective point the daly judge shaft at the daly mine a small crew has operated on company account throughout the year regular shipments are being made by the company as well as by beas leaders leasers rs who are operating on the upper levels and the lower drain tunnel level at the thompson quincy a new company has been organized known as the new quincy company which has assumed all the obligations of the old company the new quincy stock is assessable and limited to 3 cents per share for the first year an active development campaign is now in progress at the mine following out the recommendations of its consulting engineer at the keystone mining companas Comp anys property work is now being carried on with encouraging cou raging results suit has been filed against one of its neighbors and work is being done along these lines the mine will be operated through the winter months and an active campaign inaugurated in the spring the great daly judge with the daly judge property the year has proved to be a very successful one from every standpoint point the mill has been enlarged and remodeled to accommodate a callow oil flotation installation to treat from fifty to seventy five tons of slimes per day A concrete engine room has been built and a large steel gallows frame is being erected what will be one of the largest hoists ever installed in the district has been ordered for immediate delivery As to the matter of available cash this company leads all others in the district at the present time at the ontario at the ontario mine an active campaign of development and production has been in effect rejuvenating this property which holds the dividend record for the district new have been opened up on the 1000 foot level the 1400 foot level and the 1500 foot level while the upper levels are responding splendidly under the management of the federal leasing company which has at the present time twenty sets of leasers leaders operating bodies of ore are known to exist on the levels below the 1 foot level or no 2 drain tunnel level these levels are to be at once which will place a large tonnage of ore available it if the old records of these levels prove authentic the ontario company owns large interests in several other valuable properties which fact coupled with a large cash reserve makes its position enviable 1 silver king coalition at the silver king coalition the mine has been a consistent producer and dividend payer and under the present efficient mana management gement the future appears especially rosy this company has paid during 1915 more in dividends than all the other companies combined development work has been successfully prosecuted throughout the mine on the foot level of the new silver hill station shaft a significant strike was made new scales were installed at tie the railroad loading station the general engineering company of salt lake placed the oil flotation process in successful operation at the park city mills company operating the old grasselli plant mill a 35 ton dern holt roaster was installed this mill was remodeled and enlarged to treat ores from the american flag mine as well as low grade ores from other mines of the district at the american flag property a small force of men was employed during the summer months extracting from twenty to twenty five tons of second class ore per day which was sent to the park city mills plant for treatment some leasing was attempted but the result was unfavorable at the revelator an active campaign was carried on throughout the summer months two small shipments of high grade ore were made at the Nail driver property a small crew of men have opened up the mine and shipments are being made from a threefoot three foot vein of ore on the foot level the other levels of the mine are being cleaned out preparatory to development work new company at new york at the new york property examining engineers have recommended resumption of work this policy will be carried out soon after the first of the year the new york mining company will hereafter be known as the bonanza king consolidated mining company at the big four exploration companas Comp anys property a ton mill was erected to treat a ton zinc lead silver tailing accumulation seven miles below park city near the union pacific railroad tracks the reported average value of the tailings is 5 per ton A boarding house bunkhouses residences and an office building have been erected and the mill is in successful operation the broadwater milling company has erected a modern ton mill to recover the values from a ton zinc lead silver tailing accumulation just north and below park city this company secured its lease from the grasselli chemical company of cleveland ohio the mill has been tuned up all necessary alterations made and is now said to returning be turning out concentrates of a sufficient tenor to make the venture a success the beggs milling company plant is located about one half mile below the broadwater mill it is the pioneer milling company operating on the tailings carried down by the creek from the mines this plant has operated successfully during the greater part of the year the moore milling company operating two small mills on the creek has had a successful year this company handles its tailings direct from the mills before they have had an opportunity to settle permanently the little belle the nelson queen and all probably resume the glencoe mines will conditions are favorable operations as soon as of shipments in tons A brief statement for the year follows beggs E J 1801 big four exploration 1031 broadwater co clegg co 0 daly t daly judge A J I 1 daly west federal leasing co TY 47 51 grassell Gras seli chemical 36 keep G A moore chas 1595 mines operating co I 1 ontario silver silver king coalition silver king consolidated 17 thompson quincy 11 1 union lime stone 55 utah ore sampling 49 purchasing western ore total |