OCR Text |
Show Utah Apex Takes Over New Bingham Mary Mine New Bingham Mary Ground to be Worked by HaffenrelTer Control of the New Bingham Mary Mining company wan secured this week by the Utah-Apex Mining Min-ing company by the purchase of 501,000 shares of New Bingham Mary Mining company stock. The Utah-Apex and New Bingham Bing-ham Mary companies have not merged. The iNew Bingham Mary Mining company will be operated as an lndeiendent company ami retain re-tain Irs corporate name and Identity. Iden-tity. The property of the New Bingham Bing-ham Mary Mining company consists con-sists of two claims la the West Mountain district surrounded by Utah Copper, the Itah Apex, and Ihe I'tah Delaware. 'The company also owns three claims In Tooele county. Development In the past has been carried on through the Utah-Apex Utah-Apex main tunnel, which passes through New Bingham Mary territory. terri-tory. Shipments have been made to the Utah Apex mill and the American Smelting and Refining company. The company has been financed by Salt take capital and beaded by Dr. Riy Groesbeck, president; P. E. Athas, vice president, and secretary ; Scott Ure, treasurer. Other directors were B. II. Prater, M. O. Ctorey and A. W. Griggs. A meeting of New Bingham Mary stockholder's ratified the sale and elected new, officers as follows: R. F. Haffenreffer Jr. president and director ; Joseph A. Norden, vice president and director; direc-tor; R. D. Judd secretary-treasurer .and director; Roy Groesbeck director; P. E. Athas, director. R. F. Haffenreffer, Jr., the new president of the New Bingham Mary, Is president and chief owner own-er of the Utah Apex and J. A. Norden Nor-den Is generat manager of the Utah " Apex. By the terms of the agreement, the Utah-Apex Mining Company paid off the mortgage which tho Simon Bamberger company, the original owners of the Bingham Mary, held ou the property. Development work will be prosecuted prose-cuted on "various levels of the mine from the present levels of the Utah-Apex mine. Work can be done to much better advantage by using the facilities of the Utah-Aiex Utah-Aiex Mining company In developing de-veloping ores for the New Bingham .Mary Mining comany. J On the 3100-foot level of the Utah-Apex mine a large body of ore has been encountered that has been followed to within a few feet of the New Bingham Mary lines. Considerable ore has been shipped from the New Bingham Mary on the 1000 to 1050 levels and work will lie continued on these levels In the New Bingham Mary ground. These workings will be continued to penerate the ore bodies which lie withiu the boundaries of the latter company's ground. W. M. SUR. |