Show Combined Metals Reduction Buys Interest in Park Bingham Purchase of a substantial Interest In Iii the Park Bingham Mining corn com pany signalizes the entrance into the Bingham mining district of the National National Na Na- Lead company one of the greatest mining and metallurgical organizations in tile the world The Investment was made through the Combined Metals Reduction company 75 per cent of whose stock stockIs Is owned by National Leau It was with the initial payment of from Combined Metals Reduction that Park Bingham on July 1 met the payment on the mortgage held by the U. U S. S Smelting Refining and Mining company which for a time threatened threatened threat threat- ened to cost the Bingham company Its most important assets Combined Metals will begin the examination o of the Park Bingham properties with the idea o. o of outlining a possible development program whose cost may easily run Into hundreds of thousands of 01 dol dollars lars it was learned from authentic sources Friday Limited lr sections were made Blade be before before be- be fore the consummated consummated con con- summated which satisfied the engineers en of the National Lead organ organ- organization that the property has great possibilities Future expenditures will depend of course on the extent to which the preliminary indications are borne out Through its ownership of a live tive flotation plant at Bauer Utah with a a. dally daily treatment capacity of 1000 tons tOlls of ore Combined Metals Reduction Is nicely situated to handle han halt die dle the largest tonnage the Park Bingham is likely to yield in the near future and if more capacity is needed need need- ed Cd it will be provided It is believed that the ore of the Bingham property property prop prop- erty will be found highly amenable to the processes perfected at the Bauer reduction works The Reduction company was or organized or- or in 1923 and owns in iii addition add addi tion to its newly acquired Bingham Interest in excess of acres of mining ground at Nov in which tile the developed ore reserve cm braces more than a million tons toils Its aggressive operations in that territory terri tern tory have given it more more- than three miles of underground workings It also holds options on mining mining- properties at Stockton Utah in which a large amount of has been done Up to the present how how- ev r it has not been represented at Bingham |