| Show Government Loan Will Finance I New Hew Exploration for New Hew Park ark I Defense Defense Minerals rats Exploration Administration has approved a program leading to a search for new reserves of lea leal- leal I. I in the tho copper zinc zinc copper ores Mayflower Mine of the New Park Mining Co according to Robert Rober RobertW W W. Bernick business editor of th the th Salt Lake Tribune W W. It If H. H Cranmer president of f New Park said work on the three year project In the Park City district would commence at once The mine crew will be compo compose ed of leasers now working and producing on the property under unde direction of New Park manage manage- ment To Sign Contracts Contracts for driving some I feet of drifts and crosscuts cuts inthe In m I Ithe the west section of the mine en on n the 2005 foot 2005 level foot level in search lot foe bedded ores will be complete with the contract mining crew crews It was announced The work will originate In quartz diorite porphyry and er explore er- er the downward extension of the productive Mayflower ores or ors I I shoot m tn the Deseret and Madiso i of the Mississippian formations Present Mayflower Mine production is from horizons In the Deseret Mr Cranmer said The westerly extension of this project will explore a mineralized area in the Cambrian formations I Maxfield limestone and Ophir I I that have never been developed de In the Park City district but have been excellent ore are horizon horizon hori horl zon in other surrounding Utah mining districts he said More Diamond Drilling Additionally the tEA Dl program pro gram calls for feet of ex ey exploration exploration I diamond drilling in to 20 holes and feet of long hose ho exploration drilling through 7 I other holes Other diamond drillIng drilling drill drill- Ing will be done to evaluate strat strat- strat-j strat We are optimistic tn n. n we can uncover some very substantial lore ore bodies as the direction of the i I fissures is through this new I ground We are presently mining from bedded areas in which fissures fissures fissures fis fis- fis- fis have deposited metal values values val val val- ues Mr Cranmer said A portion of the exploration will be conducted through ground owned by the United States SmeltIng Smelting Smelt Smelt- ing and Refining Co on which New Park has a lease contract The exploration n would continue westward through these holdings i on Into another large block bf of claims which New Park has acquired acquired ac ac- in the last decade In the district Government Puts Up Half hail Under the proposal the Government will put up a total toto of This will be matched by Now New Park In addition New Park will expend In purchase puri pur pur- i chase of new equipment An additional will also I be spent by New Park in the ex exploration exploration exploration ex- ex drive I Upon any discovery of ore th the Governments Government's loans will be re repaid repaid repaid re- re I paid out of ore are sales The project Is one of the largest largest largest larg larg- est approved in recent years for forthe forthe forthe the Park City District |
