The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-03-10
CONDITION OF THE
SILVER KING CON.
Park City Company Issues
Report Covering Mine and
Treasury Affairs.
BONDS ARE EXTENDED
Engineer Zalinski Gives an
Idea of Resources of the
Property.
BONDS ARE EXTENDED

The Silver King Consolidated company
has issued a report to stockholders in
which the mine and treasury conditions
are set forth In detail, The following eH-
tracts from the report will be OF inter-
est:
The development work carried on dur
Ing the year has been confined to the
Andes claim on the 1550-foot level start
Ing In the quartzite and running north
west TO tho limestone uuartzite contact,
This level develops the contact and the
ore-bearing limestone beds everything it
to the northwest Several strong north
east ore-bearIns assures are being de-
veloped One Of these is headed towards
the Parsons stope in the Vesuvius claim,
and another trends toward the Holdup
and Jewel Slope country in the adjoin-
Ing ground. These assures correspond
in strike and dip with some OF the most
important assures which have produced
ore in the neighhorine territory and they
are either a continuation of these assures
or parallels Of the Silver King ore zone
extending into Consolidated ground. Va
rious raises have been driven on these
assures and slopes opened from which
shipments have been made during the
year ending February 1, 1912. asgregating
469 tons dry weight, averaging 40 ounces
and g per cent copper per ton. and
yielding smelter return of $lS,67s i3.
-, The interest on the Judgment against
February @moEn9s RsaS 9o sSs7o ssSf"S the up 3o"
amount per annum being s5S,960. De-
yelopment work is being continued in the
Andes claim and gives every promise OF
opening UP additional ore bodies al any
time. As many OF our shareholders un-
doubteGly have but n vague conception OF
either Ell me present or prospective value
at some length from the latest report
OF F.. r. zalinski. NJ. f., on the subject;
Report of Engineer.
Less than 10 per cent OF the mineral
ground owned by the company has been
deyeloped, Most Of this is. in the Andes
claim The persistence. size and value
OF the ore shoots in this section of the
camp have been remarkable: or the sur
rounding orc bodies on the main ore
Just south of the Consolidated, has been
followed and mined for over a mile 5000
feetl. and according to the latest report
an average of 80. 26 tons per running foot,
with an average net value of SIS "a per
ION ion The total approNimate net value Of
s9S s1S o71 ore Prod2Sed by this one shoot is
stone contact on which this shoot oc
ours dips northwest into Consolidated
THE Parsons slope In the vesuvIus
claim has produced ore for which the
Silver King Consolidated Mining COM
pany OF Utah has been awarded .. fudg-
ment for S737.007.17 for its half interest.
The assuring which was responsible for
Ihls stopo extends into the Andes claim
The Jewel stope lies farther TO the north
and west and is close to the Consolidat ted
lines. According 10 d. MacVichles re-
port OF December. 1908 there was 81 900, =
900 worth Of ore In this stope.
THE possibilities OF the undeveloped
area Cn the Silver King Consolidated
ground) are indicated by the important
ore. bodies OF the Silver King Coalition
winch border IL or partially surround il
on three sides. and by the ore bearing
assures entering Consolidated ground
from the Coalition which are now pro
ducinS flrst-class ore in the Silver King
consolidated. One of these assures has
been proved TO he bearing for more
than 1000 feet.
"7hc possibilities OF The ground are
as good as any ground in Park CITY,
and considering the area OF the known
contact aud the relatively small portion
developed also the large number of
known Undertaking assures. it IS fair
assumption TO make that this ground will
produce large and important ore bodies -
In compliance with the practically
request Of the holders OF CON
verttblc notes and bonds OF this compa nv
asking for an extension of the time Of
maturity and Of conversion on these notes
and bonds for n period of one YEAR n res
olution was passed by the board of direc-
tors on January %. 1912, authorizing and
granting