Show Reorganization of Ontario Silver Mining Company Reorganization of the board of ot dl- dl rectors of the Ontario Sliver Mining company was effected yesterday at Ban San Francisco Cal Cah for the purpose of tilling filling the vacancies caused by bythe bythe bythe the resignation of old directors and forming a directorate to carry out the policies of the Lambourne Inter Interests ests December 16 15 acquired control of the historic Park City mine says to days Salt Loke Lake Tribune George W W. Lambourne of ot Salt Lake was el elected president D. D N N. Hyman of New York vice president D D. D C C. C Murphy treasurer W. W A. A Dunn secretary secretary secretary sec sec- and J J. J L L. Tilton of New York assistant secretary Both Doth Mr Murphy and Mr Dunn are Salt Lake men the former being treasurer of the Park City Mining Smelting company and the Utah Park-Utah Mining compan company and and the I latter ing secretary of the same corpor- corpor corpora corpor Four of the old directors were re- re elected They are George W. W Hunt P. P L. L Benjamin and W. W H. H of San Francisco and D D. D N N. N Hyman i of New York The new directors are Moylan C. C Fox and Mr Lambourne Lam- Lam bourne of S Salt lt Lake and Frank Hubbard Hubbard Hubbard Hub- Hub bard Smith o of Los Los' Angeles Next Neat m nth a sto stockholders stockholders' meetIng meeting meet meet- Ing will be held It is understood In San Francisco Information as to who will become the new manager of the company and as to officers of ot I Ithe I the mine executive staff was not to tobe tobe tobe be had yest yesterday at atthe I the company's I I local offices Interest Widespread The deal by which the Lambourne Interests acquired control of the Ontario On- On On 1 I tario tarlo mine th of over 50 and end the payer of over 16 in divid dividends n Is cO considered I to have been one of the I most important Im 1 I In the thA annals of Utah m mining I Results of the new policy polley of operation operation operation opera opera- tion to be put in force torce at the Park City property will be bu watched w wi with th h extreme interest Developments of the last fortnight t to the east of Jle dike and T Tault thought t to be the line I between en the productive productive productive I I tive and nonproductive areas of the property are extremely promising I According to reports from Park tark City on on the TO 00 level in fit this virgin eastern territory cut by the Daly sf system tive of up but I I two miles milE's of exploited gro ground nd high grade ore has lias been opened in quantity quan quan- and aC oT along several hundred hand red feet I I Assays and character of the ore ore are i I I I I I I I I strength 1 of f the the law large tonnage of mill ore are Exposed on this and other levels in the eastern territory territory territory ter ter- a comparison of geological conditions In the ground with those prevailing in to the mined areas areas area all of these considerations are favorable favorable favorable favor favor- able to the belief that another great silver mine will be made in the undeveloped undeveloped undeveloped un un- developed portion of ot the Ontario es estate estate es- es tate consisting of one mile of ground on the strike of th the Ontario fissure Great Future Seen Boon Furthermore in the Park Utah mine in which has been exploited with great success success' the eastward continuation continuation continuation con con- of the famous Ontario-Daly Ontario tissue system almost two miles east of ot the new strike in the Ontario new conditions furnish further support for the theory that in this u unexplored explored ed area lie He as great resources as In Inthe Inthe Inthe the older portion of ot the camp to the west already productive of ot nearly Results of work being done in the Park Utah fissure to the west of the big shoot productive of sand and still productive are are said to be exceedingly gratifying and accepted by those who who know conditions conditions' in Park City CIt is a further further assurance that the formations lying between the Ontario Ontario Ontario On On- tario 1000 foot level to the west and the new strike in fn the he Park Utah to the east have a vast potentiality If it present mineral showings and geological geological geological conditions form any basis for a aI prognostication Moreover those those familiar with conditions conditions conditions con con- in the Ontario hold that it the International Smelting company builds a central milling plant for tor the treatment of ot zinc ores in Park City the lower levels ot of the old mine wilt will prove to be the center of profitable operations It Is well known that there I are are in ii the old ld mine large deposits deI deposits de de- posits posits of mineral carrying excellent values in silver lead and zinc which with improved metallurgical should have a vast ast potentiality These reserves with with what should be opened up up p in In t lime lime- stones stones' below the foot 2000 2000 level evel give the old or the or-the the territory to the west of the the-alke a great speculative value I f. f T |