Show 4 4 j J mining matters J 4 hj SILVER FROM MINE DU DUMPS WORTH 64 CENTS AN OUNCE last tuesday senator wm H king was advised by the treasury department that lt it win will sanction the purchase by U S mints minta of gold and silver recovered from tailings and dumps as well veil as metals newly mined furthermore the department advised him it will purchase silver and gold that may have been mined during days ot of low prices and since held above ground as ore this Is a decided modification of the original regulations of the department and opens up to government purchase v vast ast quantities of 0 both gold and all silver v er that up to now could not be sold to the tha government under presidential proclamations clar nations PARK UTAH DOING geological WORK the deseret evening news of recent athe i cl date te says the park utah consolidated mines company has a crew ol of eight men operating la ill the old ontario unit or of the park city property manager oscar friendly announced today the men were engaged primarily to open up certain portions of the mine to permit more geological study mr friendly states one heading Is being extended he said no plans have been formulated for reopening tho the park utah property and it Is not likely that anything will be done ort on the tha present metal market he said salda prior to the depression the park utah was one of 0 the largest silver lead producers in the state FISSURE CUT IV IN NEW PARK bays eye today deseret news A streak of high grade ore ranging f from rom a toot foot to two feet wide has just been opened in the star of utah fissure in the new park mining property it was announced today by J P F featherstone Feathersto nc secretary treasurer the fissure was encountered in a crosscut feet from the star offU tunnel the vein Is from IS 18 to 20 feet wide and its filling Is composed of mineralized erali crali zed quartz and the streak of high grade ore mr Pe atherstone said the streak of ore has been followed for about 70 feet in length and the average of four samples taken at different points luong along the 70 feet assayed ounces in silver and 8 88 8 per cent lead he said due ile to the size ot of the star vein and the the fact that it cuts the favorable lime it me and quartzite formation of the park city district those directing the work feel that development Is nearing a large ore body the immediate plans therefore include sinking and raising on this ore to determine its size and extent he said bald work is also being continued in the mayflower tunnel feet below the star of utah adit which Is now in about feet he ha said this tunnel Is now within feet of its first objective the new paik property Is situated in ill the southeastern end 0 of f the part park city mining region adjoining the park utah and park city utah properties LOCAL STOCK SALES AND METAL PRICES the week started out with bar sliver silver falling c down to 43 with lead copper and zinc unchanged lead copper 7 65 and zinc 4 25 sales tor for friday were park city con so 30 and park premier 1000 71 sc silver king coalition ca 9 00 east utah 1000 so SATURDAY bar silver continued t to 0 decline wen down another c to 43 other metals same as friday sales of local stocks few and weak park city con 2100 28 down to 26 c park premier 1700 MONDAY bar silver goes up lip c to 44 copper advances to lead remains at zinc at the three local raining mining stocks traded monday were park city con park premier 1500 3 8 and ac sliver silver king western 1000 q TUESDAY bar silver advanced another c tuesday 44 lead copper and zinc same as tuesday local sales tor for day clay park city con park utah 3 50 park premier 0 ac silver king western new quincy 2000 as 20 aiso WEDNESDAY bar silver dropped back to 44 losing c lead copper zinc local sales park city con 2950 31 to k silver king western 1100 a 2 THURSDAY bar silver took another drop of fac c 1 to 43 other metals same as wednesday wed n day local sales park city con ac silver king coalition 9 silver king western g E ORE OHE SHIPMENTS sliver silver king coalition IA park city consolidated total pounds bar silver receded to 43 today |