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Show Park-Birigham Mine : Interests Binghamites Considerable interest was aroused during the week by the reorganization q( the Park Biiig-ham Biiig-ham Mining Company board of directors and executive committee, commit-tee, particularly because of development de-velopment work affecting the property now under way. W. II. Eardley, assistant general manager of the United States Smelting1, Refining and Mining Company, became vice-president, director and member of the company's com-pany's executive committee. Besides Be-sides the reorganization of the board, it is understood that the stockholders' list of the company is being greatly changed as a result of important accumulation of the company's stock, by some of the big substantial mine operators oper-ators o the state. The Park Bingham Company owns two pieces of property, the old Silver Shield group at Bingham, Bing-ham, adjoining the United States mine, and a croup of claims on the east, side of the Park City district, to the south of the Park Utah mine. Recent heavy accumulation accu-mulation of the stock by Mr. Eardley and associates and by other new stockholders was primarily pri-marily due to the Bingham situation. situ-ation. At Bingham the United 'States mine has been opened and big ore bodies developed below the Niagara or deepest drainage level opened in the mine. Due to these - developments the United States Company acquired a right of way through the Butterfield tunnel, which is being extended to the United States ground. This tunnel has yet about 175 feet, it is understood, to go before be-fore it will enter the Park Bingham Bing-ham property, which it will cross-cut on its course to the United States mine. It is reported report-ed that there are five strong fissures fis-sures in this ground that the tunnel will open at depth and that the geological formation is believed extremely favorable for the development of substantial ore bodies. The Butterfield tunnel tun-nel work is held by engineers to be worth more than $100,000 of free development for the Park Bingham Company, since it is a United States Company operation. |
