Show Park City Consolidated Issues Annual Report Richard O. O Badger executive vice president of the Park City Consolidated Mines company issued the following statement to the stockholders on August 28 Missouri 1 Operation During 1947 1047 the company mined and milled tons of lead ore from which Ibs lbs of lead was re recovered recovered recovered re- re covered a recovery of This Thill produced a II gross Income of total expenses were Including taxes and rehabilitation of the Utah property leaving a net profit of before bookkeeping adjustments I for depletion and depreciation I During the first six months of 1948 the company mined and milled tons of 36 lead lend ore from which 2389 Ibs lbs of lead was recovered During the tho past twelve months extensive extensive exten exten- sive drilling and geophysical work was wasI completed on the property under option I I at Annapolis Missouri Several very very I good holes were logged however en engineering engineering engineering en- en computations did not bear out the of a sufficiently continuous ous deposition of ore to Justify 1 the ex expenditure expenditure expenditure ex- ex of capital for shaft sinking and mill erection Options on this project pro- pro I I jeet have been relinquished I I Drilling and geophysical work Is continuing con con- con I on the Thompson and East tracts located at Two churn drills are In operation there at athe atthe atthe the he present time i I Production Is now underway at the Fleming tract 10 located at Fredericktown i iAn j I An extensive sustained uniform tonnage of low grade lead ore similar to that at atthe atthe atthe the Ruth Is anticipated from this s source Utah Operation I During the past twelve months 38 has been expended at Park City for labor and supplies Four hundred feet of the No 1 shaft have been completely completely completely com com- comI I together with an ad additional additional additional ad- ad five hundred feet repaired The North Cross Cut and C 0 Drift have been reopened and track laid Equipment with a a. of consistIng consistIng consisting consist- consist Ing of ventilating pumping and drilling units together with transformers transformers transformers trans trans- formers compressor electrical cable pipe rail raU etc Is now on the ground and being Installed It is anticipated that production of lead silver sUver zinc ore will be possible from this source before the end of the calendar year PARK CITY DISTRICT TO BE DE BENELL NELL ILL REPRESENTED I Utah will be well represented when opening sessions of the 1948 American I Mining Congress western division get under underway way September 20 in San Fran Fran- FranI I cisco James K K Richardson Salt Lake City manager of the Utah Mining A Association said nearly a dozen state members will attend the parley Mr Richardson said the Utah delegation delegation delegation tion probably would Include D. D D. D Moffatt Moffatt Moffatt fatt vice president Copper Corp F. F S. S vice president and general manager western operations U.S. U. U B. B Smelting Refining and Mining Co W.-C. W. W. W O. O Page a assistant to vice president and general manager U U. S. S Smelting Refining and Mining Co Blaine Watts buyer U. U S. S Smelting Refining and Mining Co Frank A. A Wardlaw Jr gen- gen manager International Smelting and Refining Co William J J. J OConnor O'Connor manager American Smelting and Re Refining Refining Refining Re- Re fining Co James Ivers Sr vice president president president dent and general manager Silver King Coalition Mines Co James Ivers Jr mining engineer Silver King Coalition Mines Co Mearle G. G Heitzman manager manager mana mana- ger Fer of operations Silver Sliver King Coalition Mines Co Paul H H. Hunt president Lead Co W. W H H. H. H Cranmer president presIdent president pres pres- ident New Park Mining Co James W. W Wade president Tintic Standard Mining l I Co Cecil Fitch Pitch president Chief ConI Consolidated Consolidated Con Con- I Mining Co and Mr Richardson Richard Richard- son STOCK SALES S. THURSDAY East Utah 2700 at at 2000 at New Park at New York Exchange Park Utah at Silver SUver King Coalition at H- H New Park ft FRIDAY East Utah at at at I Park City Consolidated at New York Exchange I I I li I I Park Utah at Silver Sliver King Coalition at MONDAY New Park at at Park City Consolidated 1500 at East Utah at 1000 at New York Exchange I Park Utah at j Silver King Coalition loo at TUESDAY at Park City Consolidated at Silver King Western 2000 at New York York- Exchange Park Utah at I New Park at a. WEDNESDAY Park City Consolidated 2089 2080 at New Park at New York Exchange New Park at Park Utah at 2374 a. Silver King Coalition at f I I New Park Park Utah Consolidated I Park Utah Ketley bit fi oOOO 1 Silver SUver King King Coalition cons I II I Total o I |