Show I IT Troy Iroy roy Group Purchased I I By N New V Park People New Park Mining Co is acquiring Claims of the Troy Mining Co in the Park City district in a stock deal The acres Involved in in the transaction represent the entire assets of the Troy firm which is controlled by bythe bythe bythe the Moyle family of Salt Lake Cit City CIty- Henry D. D Moyle Is president Stockholders of the Troy Mining Co sometime ago voted to approve the deal New Park Mining Co In the meantime meantime mean mean- mean mean-I time Is preparing necessary papers for or registration of shares of Its treasury stock with the Securities and nd I Exchange Commission the San Francisco I Stock Ex Exchange hange and the New York Curb Ex Exchange ange I. I Robert L. L Cranmer secretary of New Park said the agreement between the I two firms calls for transfer of I shares of treasury stock of New Park j jI I I Mining Co to Troy Mining Co at I Ia a share j At the time the agreement was ex- ex ex 1 II New Park stock was selling for a share I I The transfer represents equivalent of l approximately per acre for the land which adjoins New Parks Park's present workIng workIng working work work- ing to the south I Largest Acquisition Acreage Involved is one of the few blocks of claims not controlled by New i Park in the general area covered by I most of ot its it's holdings at Park City Only I the Peter Johnston group immediately below the Troy buildings Is uncontrolled led at this date by New Park It also represents the largest argest a aCquisition acquisition tion by the firm since It gained voting j control early arly last year of East Utah Mining Co in a a similar stock transfer deal I I I The nine claims owned by Troy in include include in- in clude elude Small Hopes Viola Lone Pine Vancouver Troy all U. U S. S surveys Great Hopes Viola No 2 Lone Pine No 2 and Prince all U. U S. S Survey No Okeh Transfer Mr Cranmer reported that stockholders lers reIs ers of Troy already had agreed to the transfer transfer New Park directors also have approved The New Park firm has no immediate exploration plans In connection with the purchase However the acquisition Is indicative of the aggressiveness of the management manage ment o of the firm which not whiCh not counting the East Utah properties propertIes had had acres of patented land and leased mIneral mineral min mIn- eral rights and an estimated mining mining min mm- ing claim locations In the Park City district in 1950 Sundays Sunday's Sundays Sunday's Tribune LOOKING GOOD IN OLD ONTARIO SECTION A Park P Utah Consolidated d' d Mines Miner C Co whose Ontario operation in the Park City district is looking good plans addition of pumping equipment to take care of any Increased water flow ac according according ac- ac cording to Paul H H. Hunt vice president and general manager A core drill hole Is being sunk from the surface near the No 3 shaft In hi the section he said It will go to the 1700 level to provide electrical power for additional pumping equipment rated a 1500 hp Presents No Problem Mr Hunt said water now being pumped at the rate of to gals an hour presented no problem Installation Installation Installation lation of the new equipment is being made to provide for expanded workings at d depth In the Ontario he said Such an expansion of necessity would I I create additional water problems he added I I I Water presently Is being pumped from the 1700 level to the 1500 level where It goes out the drain tunnel I I The core drill contract Is held by Robinson RobInson Drilling Co Salt Lake City Slow But nut Sure Mr Hunt reported progress continued I slow but sure in of the north portions of the Star of Utah h tunI tunnel tun tun- I nd nel In New Park Mining Co ground This tunnel renovation being conducted as result of an agreement with New Park will serve as an entrance Into Mining Co ground The firm property of an affiliate of Park Utah will be scene of ofa a search for tor silver lead ores once the Star of Utah tunnel is rehabilitated Mr Hunt t said aid that to date badly caving ground had necessitated slow work and employment of skilled miners i in the tunnel I It is doubtful the project can be I completed within the original al budget I estimate he added Nor is it possible at I this time to say definitely when actual exploration work will start In the Nail- Nail Tuesdays Tuesday's driver Tuesdays Tuesday's Tribune TONS ShIPMENTS TONS TONS New Park 1646 Park Utah Keetley 1060 Park Utah Silver Ilver King cons Total tons 1 STOCK SALES THURSDAY East Utah at New York Exchange I Park Utah at Silver King at J New J Park 1800 at FRIDAY Park City Consolidated 1000 at I New York Exchange Park Utah at Silver King at New Park at SATURDAY Park City Consolidated at 1000 at New York Exchange I Park Utah at Silver King at New ew Park at I MONDAY at lie I Park City Consolidated 2000 at 27 c. c New York Exchange I Park Utah WO at Silver King at New Park 1300 at TUESDAY East Utah 1000 a at New Park at Park City Consolidated 1000 at 27 27 C. C New York Exchange Park Utah at Silver SUver King at New Park 1500 at WEDNESDAY East Utah 1000 at 2000 at New York Exchange Park Utah at New Park at |