Show I Steen To Become New President I II I of New Park To Spend Grand PARK PARIC CITY CiTY- William llam Henry Harrison Cranmer Cran Cran- mer mere who started ht hla hll mining career ca reel reer wor working at Cripple CrIppe Creek Colorado Saturday announced he would step Up to a newly created pot poet As B chairman of the New park Mining CoMI Co Mr MI Cranmer In a report report on my stewardship the last year said sold ho he would be succeeded a ad president next June by Charlie A. A Sleen Steen the Moab uranium million aIri who now resides redes In Heno fleno Nevada Half Million l Invested V. W ti ti H. H. H If said Mr tr Steen I putting about a h half lf million dollars dot dol I dol-I lars lam into New park Mining Co the firm which Mr Cranmer I brought to fruition following development deI de de- I I of the Mayflower Mine In In Utah's Park city District I This act represented s the most moot meet I important nonferrous non metal discovery dis dia- dia covery overy In Utah In the last lut 30 I years However th the year year old old veteran veter an of the mining industry the time is approaching when he should step down from the day to da day active management of the I company i Of Charlie Steen ne says Hes I 1 young Hes He's Interested in mining He lie has hM money And hes he's lucky I But Id I'd take Charlie without his I money because hes he's one of the few people Ive I've met In all these years In the business who truly ha has an ambition to make a career career ca ca- ca reer reel of mining and not just hang on to a job Mr Cranmer s said ld that sometime sometime sometime some some- time during 1982 1962 New Parks Park's headquarters would be moved to toReno toReno toReno Reno where Mr Steen I I. I la constructing con con- an office orfice near the Reno airport Utah Utah- U Uta t a h operating headquarters will remain at Keetley where facilities fac fac- fac wilt will be Pc expanded I Wet List of Shares Share Mr Cranmer said that Mr Steen was wan putting the nearly half halfa haiti I Ia a million dollars Into New Park through the purchase of shares He already has paid in in acquisition of shares sharee at I a share And he will buy an I additional shares during the next nine months bringing his lila I investments to Mr Cranmer emphasizes that I when the New Park directors I made the deal with Mr Steen to to ecu ell some some of the treasury stock J to him 1 io to New Park sh were shares r selling for tor less than a share on the American and Salt Lake stock tack exchanges 1 I For his part Mr Steen says that h has he's a n not t Interested in the price e of ot New Park Par Parc Mining Co Cd o shares Je potentials pottI the firm as a am m mining company m y 1 I 1 I tI I believe n getting my money out of th the gro ground not ground nd-l nd not ot fh mining the public Mr Steen said New Park Developments 1 Mr Cranmer said eaid that New ParR during the next several years would concentrate its It efforts ef ef- ef- ef torts forts on the development of and the prospect for tor greater reserves of silver gold and copper bear I ing ores in the western states I He that there I 1 no no use going to the walling Wailing wall every day O on the zinc lead Issue apparently because Washington isn't going to to do anything any any- way On the matter of ot gold end and silver all sil ver vel er however fiscal policy affectIng affect affect- Ing lug all aU the people of ot the United States not Just the western miner miner min mm er or Is Involved The recent completion of at the I 1 I Mayflower deal with Hecla Mining Min Mm- ing lug Co under which Hecla will wilt expend an estimated in mill construction and development development develop develop- men ment of ot higher grade ore bodies at the Park City properties In the next nest few years is an example of precious metals developments Gold values in a split spill fissure system between the Mayflower and Pearl s are New Park U La guaranteeing 1 annually under its ite agreement wll II recta neela Mining Co Additionally the deal calls for 60 50 profit sharing after aCter deductions deductions deduc deduc- for for- charges chargee 50 SO-SO Deal The recently announced deal with Mammoth Mining Co and other Mammoth and McIntyre related family-related firms firma leading to exploration for the gold bearing pipes in the Tintic District o of Utah is another example Mammoth Mining Co organized organised ed In 1872 produced in dividends for Its ite owners And most niost of this thie was from a large structural tural pipe on which the ma main n shaft hatt of orthe the Mammoth was sunk eunk I Its It's Mr Cranmer's Idea that I II there must logically be other I pipes and that such audi pipes will be be I related structurally to the big I II Sioux AJax Aj x fault running through I the Mammoth properties l i Hopes High i It is ie a fact tact that the Mammoth been one of the most moat attractive attractive tive mining ventures around in recent years year In the state Hopes ale aie high I Ir r F rew Park would share shar 50 with Mammoth and related firms on n profits produced under a contract contract con con- tract could run to 25 i I years ears I I Under Mr Steens Steen's direction I the ground in the Park City District DIG Dis not subject to the Mayflower I Ier er arrangement with Hecla lecla willbe will willbe willbe be placed in Intensive geophysical geophysical i geological and geo examination Mr Cranmer said Properties o of or the New York controlled Silver Buckle Mining Co in Idaho's Couer dAlene Alene d district dis trl t will wUl be placed under similar elm sim liar ilar analysis Also jew Park has bas a gold venture venture ven yen ture going on claims northwest of the Butte Mo Montana tana Mining District in affiliation with Ruby 1 I I 1 1 I I Gold Co Co- the as-the corporate ate ve ye- ye yeI ve-I I hide hicle Nose NOle for Ore Harry Cranmer Is the man who breathed life Into a major open pit uranium complex in the Gas Hills District of Wyoming when othera were scoffing He Is a a native born optimist about the mineral potentials of the West Wes and and nd there are Gre few tew mineral developments In which he has ii h s not lent lenta a helping land In turning the operational reins of the company over to Charles Charl s I II I Steen he knows its it's i a succession lon involving a man who ha has had a gift a gift a man with a nose for tor ore I |