Show Charlie Steen Named Executive Head of New Park Mining Minina Board PARK PAtU CITY CITY- Charles A. A Steen SteeD prominent western mining man will wUl be named named named nam nam- ed executive vi vice e president and anda a director of ot New flew Park lark Mining Co Ca W W. II U N II U. Cranmer head ot of the firm announced 1 Friday Mr Steen also Is acquiring a 1 substantial stock Interest in tn New park Mr Mr Cranmer eald Bald directors of the Ole mining company 1 Friday approved approved ap Dp I Ii i proved Mr Steene appointment as executive vice president In a unanimous resolution New Park Is a Park City district dis lead gold zinc gold producer with substantial Interests In oth cr tt firms s. s Contents of Resolution Mr Cranmer said eald directors Friday Fri day approved a resolution stating that the board la III of the inous opinion that it would be t tt to t the best beet Interests of the company and its stockholders to have have- Mr Charles A A. A Steen become associated ed 00 with New Park lark Mining Co asa as asa a Ill a stockholder officer and director I tor for by reason of Mr Steens Steen's enthusiasm enthusiasm en knowledge foresight and experience which he has so eo I I aptly demonstrated in the mining Industry I The resolution also states state that Mr Steen will acquire shares of ot New Now Park common stock clock with option to acquire another an an- another other shares within six elx months This tr transaction of course is 16 subject to the approval of the and Exchange Com Corn mission 1 The shares sharoo consist of treasury i stock I Mr Steen will l continue to reside reside re re- side tilde in Reno neno Nevada Steens Steen's Discovery A geologist Mr Steen started his lits career in the minerals field as as al an of major oil firms He forsook the oil industry and security of employment common to large firm operations to prospect prospect pros pros- prosPect for uranium When down to about his last nickel he lite discovered the famous Ml Mt Vida mine in what became San Juan County's Big Indian Di District DIetrict This dl discovery covery created the US U.S. uranium boom Mr Steen Is president of ot Exploration Co and his firms hold Ibold what bold what amounts to control of ot Ui Uranium in Reduction Co owner of 1500 ton day ton a dap ay uranium mill at Moab and mining properties inthe in the the he Big Indian District He also ie Sea a former Republican state senator from Moab I Negotiations are under way by I principals in and to dispose of these properties to Freeport Sulphur Co Mr Steen also is la vice president and nd chief chief geologist geologist of ot Standard Metals Corp Moab He is president president president dent of Grand Deposit Mining Co partner pat in a sll silver er venture Inthe in inthe inthe the Alta Alta district and is a principal principal prin prin- cipal pal in Topaz Beryllium V Ven n. n ture owners of ot su substantial ber berg bery Ilium ore reserves northwest of Delta Negotiations are under way to dispose of ot these reserves s to Anaconda Ana Arm conda Co subject to validation drilling Cost Jolt of cf Share Sham Mr Steen will pay a ashare ashare ashare share for tor the initial shares of ot New Park lark New Park Patk stock was quoted Friday on the American Stock Exchange at a share Robert Robert W. W Bernick Tribune Business Editor |