| Show nu ew ev P Park r Chiefs Chief I Confirm P Precious I Metals Finds I New Park Mining Co Wednesday confirmed confirmed confirmed con con- firmed a a sensational increase in values j II of gold gold- silver sUver and copper In a a branch I of the Pearl fissure at its Park City I District Utah mine I W W. H H. H H. Lake Cranmer president Salt Lake j i I City J said the main Importance of the discovery was not in the values bf ot I metals but In the fact that a traditional lead lead camp camp was capable of producing ore of high grade gold and copper 1 Ho long has been an advocate of at the theory that undeveloped areas of the Park City area contained gold-copper gold I o ores es approaching the magnitude of the the Lark Bingham District In which Ken- Ken I Copper Corps huge Bingham open open cut copper mine is located I Discovery of the ore are which has bas averaged averaged aver- aver averI I ag aged d between four tour and seven ounces of gold gold between between stand 5 and lC per per- percent cent cent- copper copper I and up to 45 ounces of ot sliver silver to the short ton was made on the 1755 level about feet teet east from the main shaft now being de deepened Geologically the discovery is regarded as an extension at depth of at high high grade grade ore are found within the Pearl fissure Itself extending over a short distance on the 1 1625 foot toot level feet teet above the 1755 foot toot level Mr Cranmer Crannier reports that the drift on the branch of f- f the Pearl was now in about feet teet i The high grade ore was obtained during during during dur dur- ing the last 1001 feet teet of the he drifting to date Two raises have bave been made In mining this this' ore and three other raises are being completed ted The ore are extends up up and down th the entire of the drift It It averages from two to to two and a a half halt feet In width on on the 1755 foot lev level l. l Some I of the values assayed from rom the face tace have bave run rUn run- above b ve 34 ounces ounces' Of gold and ounces to the t ton n But Bait these are regarded as specimen assays However recovery of ot two ounces of at gold to the t ton ton- ti in nonferrous metal metaI mining in this are area Is considered red excel excel- lent Twenty ounces of ot silver silver toJ i to Uie the tonis ton tonIs tonis Is high grade Mr Cranmer said that the average le lead d content from rom the Pearl fissure branch was about 5 per peri cent while zinc runs around 12 per cent He said the Park City mine crews arenow are arenow arenow now starting to toO drive east on the the- 1880 foot Coot level having completed station cutting cutting cut cut- ting at th the main shaft It will take an estimated three months f for r t the miners to to push the level east to I a point of at Junction on Ion the high high- grade gradei i below the discovery very on the 1755 foot level I No inference can be made at this time as to wb tb f the branch ot of high grade I will widen out or return to the main mainI I Pearl fissure channel at at- atthe the new 1880 foot toot depth Meanwhile the company Is pushing development toward bedded sUver silver lead zinc ore are to the west on the 1755 foot level This drive is thought to be about 60 feet teet from objective at this time The various level developments are projected to develop several years reserve re- re servo serve In mining for the Utah concern Robert W. W Bernick Tribune Business Editor |
