Show K- K I- I I I I I I to toI I Mini Minin Mining g Matters I l. I ISSUES FINANCIAL FI ANCIAL I STATEMENT STATE With a financial statement sent to the stockholders of the Park City Con- Con Consolidated l Mines Co the following write oj up taken from the Western Vestern MineralS Mineral Survey of October 24 1947 was en en- enclosed enclosed enclosed closed j The purchase of mineral rights to 1 1539 acres of patented mining ground j i adjoining the Park City Utah property by the Park City Consolidated Mines I Company was announced today The additional onal acreage Increases the total holdings of the company in this area to 2179 acres Reopening of the Park City property which was closed down at the beginning of the war is progressing satisfactorily The Tho company's No 1 I foot shaft has been to the foot level Timber from the foot level to the bottom of the shaft is comparatively new and should be in good g Od condition The Park Utah north crosscut connecting con con- connecting connecting I the Park City Consolidated with the Ontario Drain Tunnel on the foot toot level is being reopened and this I preliminary work should be completed I shortly Completion of this work will provide double access and ventilation I Upon completion of the preparatory work now in progress announcement will be bo made by the company of its in intended in- in intended intended I tended operations in this area Past Production 1 Prior to 1942 production of ounces of gold ounces of silver I pounds of or lead and copper and pounds of zinc was produced from the company's original acres Operations are progressing satisfactorily ily at the Park City Consolidated Com Corn Company's Company's pany's Ruth lead mine at Fredericktown Missouri Richard C. C Badger Ba ger executive I vice president announced Exploration Six churn drill rigs are now engaged In completing the exploration work which has been carried on during the past year in Missouri Determination of the extent of ot on these properties should be possible within six six- sixty sixty sixty ty days he said Despite discontinuance last July of the Premium Price Plan at the present rate of operation production gross and net for 1947 should exceed the 1946 fig fig- figures figures I ures of pounds of lead pro pro- produced produced gross ore sales and net Income before depletion and depreciation ORE OnE REPORTED AT FLAGSTAFF It is reported on reliable authority that the miners at the Flagstaff mine have struck some very rich ore running into the into tho hundreds of dollars Not enough work has hils been done yet to determine the extent of ot the ore body We are Informed that the manage manage- management management management ment is preparing to sink of ot this dis- dis discover overy covery cover as r s enough depth has not yet been obtained to expect extensive bodies of ore I New Park f J Park Utah Consolidated J Park ark Utah Keetley Total STOCK STock SALES THURSDAY Y YEast East East Utah Utah Q j New Park Park Q Keystone Keystone FRIDAY East Utah Utah New Park Parl Park City Consolidated Q 0 0 Silver King Western Western New York Exchange Silver King Coalition Coalition SATURDAY Park City Consolidated I New York Exchange Park Utah Utah MONDAY New York Exchange Silver King Coalition i TUESDAY Exchange closed closed Election Election Day a WEDNESDAY Cardiff c. c Columbia Co Rexall 10 c I Combined d Metals bOO 1000 23 1 Vj J 1 F Eureka Bullion 1000 Sc I Leonora Majesties 3 ic 3 c. c J Continued i ed on rage Page r Four r 11 i I |