Show here and there around the state the shaft at the queen esther park city is now down about feet with quartzite coming in on all sides this indicates the contact is not far off and those in charge of the property are quite pleased with the present outlook operating profit of the ohio copper company for or the year 1926 amounted to net profit after taxes in insurance su rance interest and other miscellaneous charges totaled production aggregated pounds and cost per pound cents at the property of the central standard mining company where the united states mining smelting smelling Sm elting company is financing a campaign of development work the first diamond drill hole was down more than feet on the ath two shifts are used on this job of drilling and there have been no serious delays it is thought that this hole will soon reach the lime formation workmen are constructing a road to the north lily property tintic gintic to the site where the new shaft will be sunk by the international smelting smelling Sm elting company this road will be used to haul in the machinery the shaft will go down to the or 1000 level cutting the large ore body that has been encountered on the level this development work is the most important of the year for the tintic gintic district it is reported that silver lead ore has replaced the gold silver ore being mined in the 1100 level of the iron king property tintic gintic giving it a better prospect for permanency this together with the fact that the sale of the goshen valley railroad of which the iron king holds one third is virtually completed thereby liquidating a large portion of the companas comp anys debt is improving the outlook for this property in the park standard which adjoins the valeo property at park city the company has been following strong fissures for some distance now with considerable manganese and iron and small values in silver showing according to report this company owns nineteen claims and has 1700 feet of tunnels with three drifts all showing exceptionally fine park standard is being keenly watched and is an exceptionally fine prospect the park record says john D fisher mine manager of the star of utah was over from that property a few days ago and reported work progressing rapidly and satisfactorily boril toril y the gentleman says barring further storms the roads will be in good condition between here and the mine mine within the next two weeks when he wants park city people to go over to the property and see for themselves the actual conditions and is willing to wager that all will return convinced that the star of utah is one of the coming big producers of this famous mining district joseph I 1 salt lake capitalist and mining man and former county commissioner announces that a deal has been closed between himself and some nevada mining interests for the development of one claim of the mason mining group of claims at mason valley nev mr r states that a two year lease has been granted on one of the claims showing strong outcroppings outcrop pings of silver lead and some copper this mason group of claims has been owned by mr and his associates for many years but never has been extensively developed although in a promising district in pursuance of a notice published in the park record a special meeting of the stockholders of the park city and midnight sun mining company was held rin in that city last monday afternoon a week ago fred A flindt john F flanagan and R J hogan went up from this city to attend the meeting and those three gentlemen with thos L walden vice president and john J flanagan secretary treas aurer the midnight sun property is located in iron canyon but has been idle for many years past it is understood the reorganization organization re of the company at this time is the preliminary for the disposal of the group of claims later to one of the big companies of the district at park city tomorrow a special stockholders meeting of the east ontario mining company will be held to elect officers and amend the bylaws by laws etc it was at first thought this meeting was the preliminary step for the sale of the property to the park utah people this is not the case however it is learned on good authority that if agreeable to the stockholders this property together with the st louis ontario holdings will be turned over to an entirely new company under lease and bond a and nd development work prosecuted on a large scale both these properties are in the eastern section of the district and with the resumption of work thereon interest will be greatly stimulated in that section news of the failure of james W wade and associates to exercise their option on the control of the big hill mining ng companas Comp anys stock has been made public by J will knight of provo from whom the agreement was secured at the time ore was discovered in the north lily this option with a price of 25 cents per share for the stock was given and it was presumed ed that either the tintic gintic standard or international smelting smelling Sm elting company would take over the big hill in the light of present developments in the eastern end of the district most of the big hill shareholders are as well pleased with the outcome as they would have been ii if the money had been paid over without a doubt this companas comp anys property will profit by the big things in the line of prospecting planned for that section according to its ita sponsors the recent assessment on the stock of the zuma mining company became delinquent early in the week but most of the shareholders of the company have made payment harold D shriver secretary says that when all of the money for this assessment has been received the officials of the zuma can pay off every cent of an indebtedness of long standing and still have ample money to take care of expenses which may be incurred for some time to come no work is being done at the zuma just now but the company is is no doubt in position to profit by the mining operations under tinder way in that part of the district about a year ago the zuma was heavily in debt and directors voted to suspend prospecting until such time as all bills could be cleaned up tip with assessment money the officers are pleased to report such an accomplish accomplishment m ent eureka reporter ath edward olson who is superintending super intending the prospecting campaign at the independence property of the silver shield mining company located in the eastern end of the tintic gintic district is thoroughly pleased with the present showing of quartz in a crosscut from the main drift on the level according to the eureka reporter mr olson took samples or of the quartz to salt lake a few days ago and says that the officers of the silver shield are greatly encouraged with wilh wil h the outlook and confident that good values will be found when the crosscut cross cut reaches a north south break some distance ahead the main drift on the level was sent oui out toward the northeast and the crosscut is now headed south about 70 west for the past sixty or more feet fairly good values in silver iron and manganese have been found in the heading the showing being more promising than anything found there in recent months |