Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-04-02
BELMONT HOLDS
ANNUAL ELECTION
I. |. Oddie Again Named as
General Manager.
Sale Of Large Block Of TOnOpah-GOId
Mountain StOck-..Alabama
Resumes Work.

The first annual meeting OF the
stockholders OF the Tonopah- Bel
mont company was held at Phila-
delphia on the 2lst ult, at which
John W. Brock, Richard G. Park,
Arthur Brock, ]. S. Curtis, Clyde A.
Heller, ]. Hayes Carstairs and
George II. B. Martin were elected a
board OF directors. Subsequently |
the latter met and elected the follow
ing officers; John w. Brock, presi-
dent; Arthur Brock, vice-president;
C. A. Heller, secretary and treas
urer; and T. L, Oddie, general man
ager. The report OF the secretary
was read at the meeting and showed
that 34l3 feet Of development had
been done in the Desert Queen mine,
and that 5l9 tons of ore, valued at
SIS, 572, was on the dump as result
Of the development. Fifty thousand
pounds had been shipped which
netted $2293. No stoping whatever
has been done. The report of the
treasurer showed a healthy cash bal
ance on hand The company will
begin shipping ore on the advent of
the railroad.
OhiO-TOnopah.
The east drift from the 770 level is
out 468 feet and the north crosscut
proceeding from this drift is out 28
feet and during the week passed
through small vein, carrying good
values. East drift No. 3, which
runs from the south crosscut 58l feet
from the Shaft, is out 172 feet, fol-
lowing what the management be-
ieves to be the line OF the Mizpah
vein. The ground hereabouts is
considerably broken, showing every
evidenc Of faulting, but it is heavily
mineralized and stringers OF quartz
are daily encountered. 1t is ex-
pected that a few days more work
will kad into solid formation.
Bonded CLAIMS at Cactus.
T. L. Oddie and eastern people
with whom he is associated have
bonded the Cactus mine, fifty
miles southeast OF Tonopah, and are
preparing to begin extensive work
The Cactus mine has been worked II
desultory way for many years past
and has produced big lot OF higt
grade silver ore, much of which has
been shipped. The ore, both II
structure and value, greatly re
sembles that of the North Star anC
Montana, but carries lower per
centage Of gold.
Alabama-TOnOpah.
Work on this property has beer
resumed and from now on 1t will b
pushed vigorously. Besides some
surface prospecting which is beinl
done q force is at work in the shaft
sinking from the present depth
ninety feet. The Alabama is favor
duly lOChbSu, 10 III ~ kpou ip' h"UAo'
and should prove winner.
TOnOpah Extension.
The shaft of the Tonopah Exten
sion reached depth OF 800 feet thi
week and station is being cut q
the bottom preparatory to starting
a crosscut to the north. The nortl
crosscut at the 400 is in about l6
feet and rapidly approaching tn
ledge, which is only a few fee
distant. Compressors and drills 70
this property have been ordered ant
will soon be in place.
Big Block of Stock Purchased
During the week Key Pittman an
Mike Sheridan bought the interest Q
Richard Roschl in the Tonopah. Col
Mountain company. consisting G
l90,0 900 shares OF stock. The pric
paid is not stated, but it is suppose
to be somewhere near the prevailing
market rates. Reports from tn
company's property are encouraging
and Indicate that the big and ric
ledge recently opened up continue