Salt Lake Telegram | 1928-12-07 | Page 22 | Additional Market Reports

f Additional Market Reports 1 jark Prk rk King Mine Fully Financed I tp to Start Development New Group r Takes akes Interest lJ in East Utah Co b parI Park King Mining company compan h owns mineral land and In the then astern n part of the tho Park City dis- dis surrounded by the theof ot of the Park Utah Consoli- Consoli lateT r t d Mines com company pan Is full fully I ced and is preparing to begin campaign of develop develop- en it it was learned Friday tire backers of the project officials of the company compan companero vere ero er not announced it Is known well vell known mining men r Ille Park Puk King property recently ivas under option by the United tates States Smelting Refining and Min Min- n all arrangements had icen completed for the smelting company to start work when the were returned at the last 1 and the present group of took control lUes reported that application for forsting sting the stock n the Salt Lake Is in the hands of the tho ex- ex hange committee and the stock oon will wll make its appearance on onh h present resent shaft on the property Td wn to a a. depth of feet and continued to a a. depth of feet teet at which point drifting long lonI the tho fissure will be started expected that ore will be dee dc- dc e ei eloped ped in the same fissure from hili hi h the Park Utah Consolidated T its mammoth ion ns for tor working of or the Park Ong is another of the tho rapid devel- devel going on in the east end fLue Park City district where al companies including tire the In In- Smelting company and Utah Mining company are engaged in tying up mining i round t nd and beginning work been announced that David and Willard VIllard T. T Cannon ad adt d' d purchased substantial inter- inter n the East Utah and probably their places on the tho board With the new Inan- Inan ial thus afforded It is re- re ort d that extensive development r york rk will be undertaken at the IThe present tunnel of tire the East utah company is only five eighty e than the Ontario drain innet A drift running northwest r rom rem i this audit out through the Lost 3 ulder claim is being cleaned out t be extended north through through- claim of the Blue Ledge lining company and through the usie se C. C claim of ef the East Utah Utah- the the first part of the development vork it is reported Ignis his drift dritt will wUl cut all of the east- east vest s st fissures it is said and then rifts Irma will be run on the most fa- fa fara ra le fissure developed eloped TI ITle entrance of ol Cannon and How- How mines operation constitutes s sV new V elem element t in Utah mining ng and andt t s St rumored that either they or 1 associates are closely d with the tho Park Kin King company compan t y understood s that the same group re rg ii conducting negotiations toward the Fisk Ophir property Utah Directors of tire the East Utah Mining are John W. W Lamb 1 lent t W. W I. I Snyder Irving Hansen vm Knight W. W A. A Dennis Arhur Art Ar- Ar t hur and Parley Hein- Hein