Show NEW PARK COMPANY OUTLINES PROGRAM Details of ot a financial program to enable the New Park te Mining company com corn pany to wipe out its it debt and raise a fund of 50 or more for devel nt purposes are arc revealed by V. v H. H H. H H Cranmer president of ot the company in a letter to ers rs In accordance with this program program pro pro- gram gra the letter Jetter reveals two pieces of f property have been leased a third thin has ms been sold and other deals are arc being negotiated Funds will vl be secured by this thi company the letter leter states to carry o on its it own wn development work at nt those places which appear to ofer offer of of- fer er the greatest opportunities fo for opening up commercial ore and every effort efort made to start tart production ion tion ton at the earliest earlest date possible The deals announced are the following fol fol- fol lowIng owing Lease on the Flagstaff group comprising about 30 acres acre to Charles MoOre oora en On a graduated royalty royalty roy roy- alty aly basis Marsac and Epp Epperson claims comprising about 12 acres cres placed under bond and lease for to the he Park City Development company com corn pany jany which is i operating the American Amen Ameri Amer- Amer can Flag property under the management man man- of Andrew Hurle Hurley Salo of the te J. J I. I C. C and R. R P. P H H. claims comprising about 30 acres for The work of ot driving the Mayflower Mayflower May May- flower tunnel has proceeded at a fower satisfactory rate the letter states tates and the company is i now driving a raise to connect with the tho Park Bingham Bingham Bingham Bing Bing- ham ore shoot The company is also running a crosscut crosscut t to the parallel fissure to the south In the hope o of opening up a new ore body where the fissure is intersected in the limestone by a zone Ceo Geo logical conditions are arc said to resemble ble those at the scene of the recent strike in Park City Utah Uth ground |