Show H j H ht H H mining matters I 1 ti IMPORTANT GOLD AND SILVER ORE STRIKE REPORTED the best mining news of the week F and nd news the record hopes will sooner 0 or later again put park city on the mining map in large black letters was tho the huncove uncovering ring of twenty seven inches inched of ore in the weber quartzite at the park city development property known better as the american rag flag as reported to the record by A L hurley president and general manager ot of the park city development company assays essays from the strike show ounces gold 1061 ounces silver aliver 48 per cent lead and zinc in addition to the rich gold strike in the twenty seven inches of ore along the hanging wall mr hurley states that an ore body ot of from two to tour four feet had been uncovered which carries lesser values but which Is expected to prove profitable tor for shipment the strike was made on a crosscut driven from the 1100 toot foot level in the heart of the old american flag ground which Is now being operated by the park city development company mr hurley reported that the fissure was as encountered in virgin or hitherto undeveloped territory the park city development company which took over the old american flag properties two years ago with twenty one additional claims has shipped approximately tons or ore since december this ore was developed from the old american flag vein and from 50 to 60 per cent of its val value us has been in gold plans of the park city development company call tor for increasing production from the old american flag vein to from 60 to 75 tons per day sixteen men are now employed in the rehabilitated property which has been electrified and mr hurley reports the company intends to amplify production the old american flag ground which has not been worked extensively since 1902 prior to the time it was taken over by the park city development company I 1 lies just north ot of the old ontario now part of the park utah properties the present park city development property also adjoins the silver king coalition and park city consolidated properties on the east results ot of further development la Is waited awaited with keen interest to a record man this afternoon manager hurley said both the fissure and vein recently uncovered continues to improve and the gentleman la is quite elated at present prospects tor for a big producer in due time I 1 it if there Is one particular mining man that the record would like to see acquire a fortune by mining mr hurley Is that mantor manfor he has haa spent huge sums in helping in the development of our famous mining cam campana camp and will vill smilingly continue on with the good work if fortune again smiles on him to you AIT andy PROGRESS BEING MADE AT THE PARK CUT CITY CON A new electrically driven hoist Is being installed at the collar of the crescent in the park city consolidated property according to reports from general manager J J beeson the tha gentleman states that tho the la Is down approximately feet giving a vertical depth of about feet below the foot level the Is being sunk on the crescent fissure one ot of the major veins of the park city consolidated soli dated property and Is located about 1700 feet south of the stiver silver fissure from which most moat of the present production is being mined sinking in the crescent has been halted pending completion of the stat station tort on ion the level and the installation of the prior to halting haltin g the work the was approaching aching the sulphide zone aone which has baa proved so brodu productive olivo in the silver and roosevelt fissures several showings were encountered between the and the present bottom of the the present production of the park city consolidated Is being mined from several faces face along the stiver silver and roosevelt fissures work on the silver fissure la Is being conducted largely between the and goo toot foot levels STAR OF UTAH TUNNEL recently the park city utah company sa started t arted work in the star of utah tunnel with a crew of sev seventeen onteen men and are driving a drift in a northerly direction to intersect the wasatch Nail driver and wabash fissures assures says president W H crommer of the ne new w park mining company mr oscar N friendly manager for the park utah consolidated mines company and imitated affiliated in a re published interview stated 1 thoster Th J oStar V this point has a 1 og of approximately 1000 feet ala below the more favorable tavo geological biological horizons horizon it it will ill be b alwil feet sctt to reach the weber 00 ot of th the continued on ram throe mining news most productive horizons of the eastern end ot of the park city district our company having started a raise in the star of utah fissure which Is now up teet feet above the level of the star of utah tunnel will only have a short distance to go to reach this same ore horizon it win will not therefore take long for us to finish this raise in our own ground after the work done by the park city utah has demonstrated pay ore in this horizon not havin having forfeited our prior rights to the use of the star of utah tunnel and equipment there Is nothing to prevent or hinder our company getting out a large tonnage of ore at the star unit it if the geological deductions ot of the park city utah companas comp anys engineers proves to bel be corre correct e t th the favorable weber quartzite forms formation eions above referred to dips 20 to 30 degrees degree downward toward the east and I 1 should therefore soon be encountered in the mayflower tunnel mayflower MB newer tunnel we Vs are driving the mayflower tunnel a head ahead and are pleased that a change of formation Is coming in considerable IL limestone quartzite and spatter smatterings ings of galena ore are now mixed with the por ahry which indicates that we are nearing the productive weber quartzite formation in which we have excellent chances of opening a large and profitable ore body it Is only a comparatively short distance to go before we hlll be under the rich ore opened in this formation in the park bingham workings soon we will have finished installing additional ventilating equipment and another crew of men can be ba put to work to shorten the time required to reach this our first objective in the mayflower tunnel STOCK SALES AND METALS FRIDAY new quincy 1000 lc park city con 1000 silver Is cent lower lead I 1 copper 7 65 zinc 4 35 gold 35 00 oz SATURDAY new quincy 2000 ic park city con silver 16 cent higher 46 lead copper zinc MONDAY new quincy I 1 lac ai c park city con silver cent higher 46 lead copper 8 zinc TUESDAY metal aletae gains cause some activity in local at stocks acks with better prices perhaps we ne are at the turn of the road where silver Is awaiting proper recognition heros hoping the same old hope of many years duration that will yet materially materialize teri ally alize silver king coalition reentered entered re the ring with a 16 15 gain park utah ditto the sales for tuesday were park city con us 29 and park utah 50 is 4 5 50 sliver king western new quincy 2000 ac stiver silver king coalition 60 60 9 75 bar r silver dvd avd ai cent to lead leada na copper a 84 12 zinc 4 40 WEDNESDAY local stocks continue to I 1 bold bec because tuse of better metal prices with I 1 gains park city con 1711 ra and park utah 5 ca 5 50 silver kin alne f collmon coll mon 1000 silver king western silver same as tuesday 16 46 I lad iad ad copper yunc 4 40 THURSDAY new quincy a 19 ac park city con ia a 27 and 26 c silver king western 49 to P park a rk utah 25 a 0 5 25 S silver liver king coalition 15 1025 sliver silver 11 cent lower 36 lead 4 25 copper BJ 8 zinc SHIPMENTS silver king coalition 1477 CCO park city consolidated park city development total silver back to 46 cents today |