Show FINANCIAL FINANCIAL- MINING NEWS AND STOCK REPORTS I BIG SA NT AQUIN TUNNEL TO 10 CUT ORE OE BODIES AT 1 1500 FEET f I r j A A program of aggressive development announced by the management of the Utah Metals Mining I and Milling n company corn com 2 pang pany following I a plan fana recently c n adopted d c of refinancing fI this I property which Is s located lo- lo t about nfl five miles fI Pi easterly lf from l the town towa of Santaquin Included In the program Is the exten- exten eion of the working tunnel from Its present present present pres pres- ent ent face which Is feet from the portal and which Is designed to open as shipping resources a n. vast series of cross fissures known to contain lead and zinc in magnificent plenitude This tunnel furthermore is expected to prove of v vast st significance for the en entire entire entire en- en tire Santaquin district of which com com- potent expert authority is said to have spoken frequently In highest praise coupled coupled coupled cou cou- pled with the opinion that the only work necessary to bring this part of the state Into the limelight a as an exceedingly ly productive productive pro pro- region Is the tapping of the southerly northerly contacts t by deep e t tunnels tunnels tun tun- nels capable I of supplying Kp itt access J s for r the miners and transportation and drainage facilities In taking the lead In Jn this work on the property of the Utah Mining and Milling company President Frank Jardine says sas he reels feels confident that the venture will create an Immensely productive mine and one whose products can be sold successfully successfully suc suc- in competition with other producers producers pro pro- and also with profit to the company com corn pany Jany wh whatever the prices of lead and zinc may be from time to time He explains that whenever the tunnel shall hall have been pushed fifty or seventy- seventy five feet further the first cross fissure stated elated will vill 1 have there been e would ul penetrated enber be shipping Here ore e encountered encountered en en- ho countered and conditions permitting of quite u t large yield for t the market DrivIng Driving iel fd ing ahead the tunnel is expected t to In Intersect intersect in- in an ar aga a l literally alive with ore hl v h hp t beddings sa of f much h value when approached pIn p- p In In this economical manner He estimates that the ore oro bearing territory to be thus tapped measures 1500 1100 feet vertically a amile mile in width and feet in length The company's directorate or dl Includes In addition to President Jardine A. A B. B Christensen George T. T Judd J. J M. M Calderwood Calderwood Cal- Cal derwood and Thomas H. H Ashworth It is capitalized for shares and has in treasury and a de development dov do- do v reserve of shares share |