Show I I I I I I I I I I I I I I New Park Parle Mine Will Share in Silver Find PARK CITY CITY CITY- New Park Mining Co and Grand Deposit Mining Co both bothof of ot Salt Lake City will partie participate pate mats In a e. silver find by East Utah Mining Co In New Mexico It was WM reported Monday Charles A A. A Steen I Reno lleno president president president dent of New Park told shareholders shareholders share share- holders at an annual meeting Monday morning at Hotel Newhouse Newhouse New New- house that East EM Utah generally had most of the vein strike and that New Park had located claims around the East Utah properties Silver Sliver Boom oom Grand Deposit claims are on the Mr Me Steen said East Utah la is an affiliate of New Park and Mr Steen said this firmand firm firmand firmand and Grand Deposit which ho he also heads were brought Into tho the claim location rush because East Utah did not have sufficient engineers engineers en en- to stake take the claims The Reno neno uranium figure explained explained explained ex ex- that at he had been through a 1 uranium boom In to Utah and didn't Intend to go through a sliver boom In New Mexico I Ho Ito e emphasized as zed the find was still a a p prospect ct Mr Steen did not disclose the location n of the silver sliver area In Indicating In In- that acquisition and perfection perfection per per- of claims still were wore to be beI completed He lIe did not say how I many claims had been filed Shareholders Shareholders' approved a resolution resolution tion san sanctioning the claim location location loca loca- tion action Legal Legai Action An attorney for the firm sold said that legal action brought in New NewYork York against W W. II n. II n. Cranmer former president and former re- re of Salt Lake Latte City was In In- instigated to prevent criticism of present New Ne Park m management by current shareholders William superintendent superintendent of New Parks Park's Mammoth mine unit in the Tintic District reported that two-compartment two shaft had been deepened feet at cost coot of only a foot and that Chat a station at 2600 toot level was being cut Following this a long drift will be extended to a gold gold- silver sliver ore area previously Inter Inter- by drilling r I |