Show JI I 1 A V F F M M a M I 1 I 1 mining M matters MEETING or OF THE QUEEN ESTHER next monday in salt lake city a meeting of the stockholders of the queen esther mining company will be held it la is reported that the meeting called for this date la 18 tor for the purpose 0 of increasing the capitalization ot of the company so that development work can be carried or on without interruption REPORTED NEW STRIKE AT NEW QUINCY this week according to rumors in our city one of the best strikes of late had bad been made in the no now quincy ground according to the report t the ore Is ot of a I 1 high lead value and will greatly in increase ease the earnings of this growing compana company y AT THE STAR OF UTAH A telephone call to the star of utah mine this week gives the information that there la Is nothing ot of a startling nature but good footage Is being made the face of the main tunnel still being in the lime formation and the management la Is optimistic as to the ments in the next two or three months international SINI SMELTING ELTING WORK AT PARK CITY WILL CONTINUE properties totaling acres either owned or controlled by the international IS smelling smelting Sm elting company on the east side of the park city district have withstood the I 1 add acid test of a years preliminary invests 4 gation and permanent development work is to be undertaken at once at three different points the konold shaft the victory tunnel east of keetley and the premier shaft near the victory tunnel announcement of this decision this week carries large significance to the park city district it means that the geologic deductions upon which churn drilling surface trenching drenching tren ching staking sinking and crosscutting were undertaken have been proved correct ever since this section of the park city district has been thought of with reference to the making of new mines geologists have differed in opinion as aa to whether the ore bearing lime stones underlay the rhyolite rby olite extrusive mass the churn drill has found what the eye cannot see Sediment arles have been found now must be ascertained whether great of ore lie below the bleached rhyolite as they do in the district at the standard and north lily discovery of an eastward continuation tion of the great park city ore channel by b y the international or any other comi P pany any active in this virgin area without doubt would prove one of the most important developments in the history of the utah non nonferrous ferrous industry drill finds mineral the park konold shaft now down feet will be sunk under the present plan of exploration through the overlying rhyolite to the sediment arles proved by diamond drilling A diamond drill hole put down 1200 feet cut limestone for the last feet feet of which showed heavy iron an indication favorable to the belief that that jn n sediment arles containing such intense merchantable ore may be found raising from the bottom of the toot foot park konold shaft will be undertaken at once to enlarge it to a triple compartment shaft two hoisting compartments part ments and one compartment tor for pipe and manway A double drum holst ho Is t Is to t 0 be installed completion of this work will probably consume the remainder of the 1 winter so that sinking should be started I 1 I 1 f i V I 1 ll i b i by early spring second shaft projected whether or not the limestone struck in the park K konold and other drill holes belongs to the park city or hhaynes formation Is still problematical and more development must be done to decide this question the other shaft a two compartment pr prospecting 0 spec tIng shaft comprising one on bolst I 1 tog ng compartment and manway will be sunk ne near arthe the victory tunnel in a limestone outcrop between two parallel fissures traversing an area from which over a considerable extent assays essays can be obtained bained d carrying low grade values in silver gold and lead by sinking on this mineralized area and crosscutting to the parallel fissures several hundred feet apart the meaning ot of the surface indications ms will beath be ath omed the victory tunnel has been projected in 4 a northeasterly direction for 1000 feet in a northeast direction along a por per phyra limestone contact A crosscut Is now being driven south through porphyry to prospect a 06 fissure near park cummings ground western mineral survey CHURN DRILLING ON THE PARK CITY DIVIDE PROPERTY this week the work of churn drilling was st started a arted on the park city divide property located northeast of ct the park utah property A crew of men are at work and work Is being pushed with all possible speed that the formations may be known and the site for a shaft located that active development work may be started AT THE SILVER KING WESTERN preliminary work at the silver zing king western Is progressing in splendid shape this week a storage tunnel was completed which will give additional room at the portal of the spiro tunnel the face of the main drift Is being driven and good footage Is reported according to information received at this office the face of the tunnel is now in manganese and the management Is of the opinion that an ore body will be uncovered in the near mar future STOCK SALES FOR WEEK FRIDAY new quincy s 1 50 park city 0 park premier silver king coalition 1060 1050 I 1 SATURDAY new quincy S silver king kinc coalition 50 q 1062 62 the exchange closed Mon dayon recount account of armistice day TUESDAY howell ac new quincy park king 1500 be park utah 4 25 silver king coalition 1060 1050 park premier a WEDNESDAY east utah 1000 new quincy 1 35 81 1300 2100 park king be park premier park utah 0 4 00 20 4 1 5 silver king coalition 1012 1025 1000 howell 1000 ac park konold 1500 THURSDAY keystone new quincy 1000 1 22 25 park premier park utah 4 00 sliver silver king coalition 1000 SHIPMENTS park utah consolidated sliver silver king coalition new quincy I 1 park galena total |