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Show TREASURE HILL WILL ABSORB THE CREOLE ' " Directors Decide Upon Deal Saturday That Makes Another An-other Big Mine. An important mining deal was consummated con-summated late Saturday afternoon when the directors of Uintah Treasure Hill and tho Crcoln Mining Min-ing companies met for the pur-poao pur-poao of taking tho first step towards consolidating theso two organizations. In doing thin, two powerful tntorcsts , havo been ioined for developing a splendid splen-did acreage in tho Park City district, the two interests being Joase Knight and John IDern, both too well known for their successes in Tintic and elsewhere else-where to require any furlhor introduction introduc-tion to local read ing circles. Tt is merely mere-ly meet to say that few etrongor organizations or-ganizations than the rejuvenated Iliu-tali Iliu-tali Treasure Hill company will enjoy existence in Utah, and -with tho splendid splen-did mining talents at the helm success is certain to be wrung from the. Park CM' hills within the boundary lines of this organization. Some time ago the Uintah Treasure fill group at Park City was gathered in by ,'Jcsso Knight, and the company reorganized with a capitalization of 1.000,000 shares of stock. This reorganized reor-ganized company will now lake over the Creole, which adjoins its original posses sions, and which is an ideal portion of the district, especially to the Treas-uro Treas-uro Hill company. The'Creolo shaft is down to the 600-foot level, and gives an immediate entrance to rhc Treasure I lill ground, saving anywhere up to $40,-000 $40,-000 development, work. It saves the Treasure Hill company the tinio and cx ponse of sending its shaft down to the 1000-foot level. The importance of the now acquisition, therefore, readily can bo appreciated. The Creole company is capitalized for 200,000 shares of stock, and in tho consolidation con-solidation theso stockholders are to receive re-ceive Hhnre for share. The Creole stockholders stock-holders ill meet as soon as legally possible pos-sible to ratify tho steps of the directors, and as Mr. Dcrn and associates are understood un-derstood to own more than two-thi-d? of the control, there is no doubt but what tho deal -will be ratified. Tho Uintah Uin-tah Treasure Hill property has been one of the features of Park City mining diusg the past, year, its ores neiugboth rich and plcntiftil. all being needed -was greater doplh. This greater depth is now gained by the consolidation, and a now and prominent, producer can bo looked for as soon ns actual work begins, be-gins, as tho ores of both the properties are known to be generous. The joining )f hands between tho Knight and Dern interests is a very significant development, and spells success suc-cess for those interested. |