Show 1 y r O i t j i I t New flew ew Park Parle Mining Plans to Build Its Own Zinc Lead Concentrator By lly Robert W W. V. V Tribune Tribuna Busbies Editor PARK CITY CITY- ew New Park lark Mining Co proposes c c construction of ot an under-ground under zinc lead concentrator at its Park City Cily properties W. W II U. H. H Cran Cran- president said in the annual report to ti shareholders A day ton mill is content plated nut But Mr Craron said that plans for toe the mill milt at the tho Mayflower May May- flower Mine are In the works There is a good chance of buildIng build build- Ing this mill underground and rei returning re re- re- re i turning the t tailings to fill tilt in the out mIned slopes Our Defense Minerals Exploration Exploration Exploration Administration exploration project enables us to open up large bodies of new flew ore Together with that already blocked out in itt the elopes we shall have ample mill feet he reported New Park Pork presently ships its lead zinc lead ores to mill mm at Mid Midvale vale Elsewhere in the report it was noted that exploration and development devel proved a 26 per cent In Increase in- in 1 crease over V 1 1959 1859 reserves Fissure Intersected The Pearl fissure was intersected inter at the foot 2005 level The TIle structure at this point is very strong and indicates a a. substantial Pearl or reserves said Gen Supt Gale Dale A. A Hansen This fissure continues continues con con- to produce more than an ounce of gold per ton and gold 1 silver copper content of this fissure fissure fis Its sure is expected to continue with depth Deep level exploration exploration ex ex- ex- ex on the 20 foot 2005 root 5 level evel has just entered entered- the t fop bp p of the Madison limestone formation and this project is within 1500 feet of the t target area Mr Hansen said lIe He said that to date this exploration ex program has been very successful Through detailed mapping and geological Interpretation tion our have been able to locate several ore bodies on the t level These ore bodies ar are now being developed and prepared for br mInIng min rain Ing Mr Hansen reported will win be paid back on a basis basIs' of not more than 5 per cent of net smelter returns of I project ore mined Mr Cranmer said He noted in the report that the Mayflower Mine now dominates a major portion of the Park City District which has are already dy produced produced produced pro pro- half haIt a billion dollars of ore mined above the Weber quartzite The Mayflower is now tapping the limestone formations below quartzite which will wIn yield in plY my opinion at least double this amount One billion doll dollars S 'S worth I of ore would be a conservative estimate for these formations inthe in inthe inthe the district below the quartzite I Mr Cranmer Cranmer reported Similar Estimate A similar of ore reserves reserves re re- e serves erves was made a a. of number of years ago go by byUS t B Bureau reau of Mines engIneers engineers engi engI- surveying feasibility of a Park City drain tunnel tied into the Bates nates Reservoir project of the United States Bureau of tion Mr Cranmer said that where ever there is ore there is water We currently are meeting the problem and have it well weIl in hand ho Jio said To be sure pumps and water doors run into money but every great mining bonanza has its engineering engineering en en- and financial hurdles hurdes New Park had a profit of 47 in 1960 1060 versus loss of in 1959 Earnings went to tion Mr Cranmer said that the great need need- in this year of the New Frontier is the confidence to grow New Park has that confidence con con- dence Among its many projects i scheduled for foe 1961 1901 Is 13 the erection of a mill at the Mayflower Mine I This will increase production profits and jobs It will wUl ais also ir free e I us from dependency upon others I Sees Sec Disheartening Cut Robert L. L Cranmer executive vice president said mid It was WM disheartening dig dis heartening to note that In the year 1947 the slate of Utah had bad hadi i 29 base metal mines in operation In 1953 1653 there were 14 mines in op op- op And in 1960 1060 there were I seven such mines in operation i I These facts certainly demonstrate the economic situation of the base I hi tn e c t a I r mining Industry today These facts also demonstrate that the New Park Mayflower Unit possibly is one of the finest mineral mineral min rain eral properties of the West Otherwise Otherwise Other other- wise 1st it would not be operating Under under un un- der today's metal prices he said In its history through 1960 New Park produced tons of ore including ounces of gold ounces of silver stiver pounds of copper pounds of lead and pounds of zinc all with gross smelter return of he reported He Ite ac added d d that we are convinced convinced convinced con con- vinced that the political trends in Sn South America the recent revolution revolution tion Uon ui hf Cuba arid the unrest in Africa proves without a doubt the necessity and ad importance of I devel developing ping and maintaining a Sound range long-range national minerals minerals miner miner- I als pol policy in n our own nation I |