Show Mining Matters Of Interest i p. Im ASSESSED At a n meeting of the directors of the Park Standard Mining company held In IE Salt Lako City on March as as- as assessment assessment assessment of quarter one-quarter of a n cent wa was I levied on the outstanding capital stock payable pa able immediately Delinquent D day l Is April sales day May I The following statement was Issued by the directors I To continue work at your property II It It has become necessary to levy another assessment notice of which Is enclosed The last assessment levied was July 15 1935 or eight months ago With this assessment the total tota total amount of all assessments levied Is two and tenths eight-tenths cents per share i I The company compan Indebtedness was approximately approxImately at the time the first assessment was vas levied and It now I amounts to 1678 84 While the Indebtedness Indebtedness indebtedness edness has only been be en decreased since the last assessment work has been continued two months longer longcr than on the last assessment Since the last assessment the lime bed In which the ore are bodies occur In Inthe Inthe Inthe the Silver King Coalition Daly West and Daly Judge properties has been be en Inter Inter- Intersected Intersected intersected and Is La found to be replaced with and In places for its entire thickness of thirty feet fe et This has been followed south south- southeasterly southeasterly southeasterly easterly along the strike of the bed for I I feet f t. t The consists of I iron and manganese carrying low values It Is very much leached by surface wa wa- waters waters Waters I and It will be necessary to sink on this with the belief that the values vJ will Increase when we get below the leached I zone The drift being driven west In the I Ontario quartzIte on the west east-west fis fIs- fissure fIssure fis- fis fissure sure has been advanced feet mostly In quartzite However in inthe inthe the last 15 feet a great change is taking place The fissure Is now showing a great deal of It will re require re-I re re- re require quire more snore work to determine what this will amount to Since the last assessment there has been feet of drifting done SILVER SILYE lUNG KING COALITION ELECTS DIRECTORS DI S J. J F. F FitzpatrIck was elected a mem- mem memI member I ber of the board of directors of Silver I King Coalition Mines company at the stockholders annual meeting Monday af at- at He succeeds Edmund J. J Kearns I af-I who died January Stockholders also elected to the board I VI M. M G. G Heitzman Heltzman appointed by the directors dIrectors directors tors last December 3rd to fill the term of M. M J. J Dalley Dailey who died November 12 1935 The following directors were reelected A. A C. C Ellis Jr W. W Mont Ferry W. W J. J Halloran Jay T. T Harris James Ivers Thomas F. F Kearns and David Keith The meeting adopted resolutions ex- ex extending extending tending condolence to the families of Mr Kearns and Mr Dalley Dailey I RESIGNED AS SUPERINTENDENT DC T Mr Wm Gay for several years past I superintendent of the Star of Utah pro pro- properties properties properties before the organization of the I New Park company and holding the I same position since the latter I reorganization reorganization I resigned his position last week and Is now in the employ of the Park City Development company The gentle gentle- gentleman gentleman gentleman man is an experienced miner familiar with the dips spurs and angles of this district and Is a valuable man for any I mining company METALS AND LOCAL STOCKS FRIDAY No change in price of metals Local sales Park Premier 1500 6 and 5 5 c. c c i Park City Con 1325 30 and SATURDAY Metals unchanged Local sales Park City Con 1500 29 and Park Nelson 3 SIlver Sliver King Western Q MONDAY No change in price of metals Local sales Keystone J lOc bc New Quincy 1000 Q t Park City Con 2700 j TUESDAY Metals unchanged Local sales Park City Con 39 c. c Park Premier 1000 61 6 c. c Silver King Western West WEDNESDAY Metals remain unchanged Local sales Park City Con 2100 Q 29 and THURSDAY No change In price of metals Only two local stocks changed hands Park City Con I Park Konold Q G c Sc AT TilE THE PARK CITY I DEVELOPMENT DE Connection between the 1200 and 1300 J I ILa levels Is La completed at Park City De Development I De-I De- De Development property which will help air conditions materially Several shifts were lost this week on account of bad air nir due to weather conditions Ore conditions continue to Improve with development Only twenty tons were marketed because of or bad air I SHIPMENTS I Park Utah Consolidated Park City Consolidated Silver SUver King Coalition con Park City Development Total I |