The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1905-05-23

hosting machinery ore crushers. ETC.,
at the mine will be operated and the
surface and underground workings fur
nished with light. he mine is under
the management of Frank A. Keith.
THE TONOPAH BELMONT co.
Under the same management and
virtually under the control of the same
capitalists is the Tonopah Belmont De-
velopment Company. having capital
of 100000 with $4,000 shares in the
treasury, and owning over zoo acres OF
mineral ground adjoining the Tonopah
Mining Company's claims on the east
and covering the eastern extension OF
! that company's vein system. The chief
developments in this mine have been
carried on through the Desert Queen
shaft of the Tonopah Mining Company
and the eastern extension of the Mizpah
vein Is now being explored on the
700, 800 and 900 foot levels.
This mine has. like others in the
( camp, produced some ore of extraor-
| binary richness, but no attempt has
been made to do otherwise than main
tain an average grade of about $50 per
ton, and of this quality over 5000 tons
have been shipped, The property is
perhaps best, If tersely described in
| the words Of visiting mining engineer
OF worldwide repute, who. after
careful inspection of the property said,
| The Belmont is going to make great
mine"
One other company is under the same
management and control and that is
the Jim Butler Tonopah Mining Co.,
which was formed in August last with
capital of 100000, having 100000
shares in the treasury. This organiza-
tion is consolidation of the Tonopah
Salt Lake, Gold Hill, Tonopah Fraction
and Tonopah City companies and con-
veyed to the new company $40 acres OF
splendidly located ground in the heart
of the camp, which in the Salt Lake.
Fraction and Gold Hill mines had been
proved to contain several veins of high
| grade ore. From the Gold Hill mine
| ore to the value of $4,000 had been
shipped. the Salt Lake had shipped ore
to the value OF 81 900 and the Fraction
had contributed $4,000 worth.
Under these circumstances 1t IL no
wonder that the new organization,
mainly due to the efforts of Charles
| l.. Knox of the Montana Tonopah mine,
| was greeted with enthusiasm. The
whole of the treasury stock offered,
| viz, 100000 shares. was subscribed for
at par in a few hours. No time was
| lost in starting work on the property,
and by arrangement the Tonopah
| "
mcneed through the Silver Top shaft
| on the Valley View vein and drifts. on
that vein east from the 440-foot level
and west on the 540-feet level were
commenced to the Jim Butler ground.
| The first-named drift is nearing the
boundary, but the latter has been stop
ped on account of bad air and opera
lions have been transferred to what is
known as the Wandering Boy shaft
and a crosscut from this is now being
/ run to the vein from which the Frac-
4 ton Company extracted its ore and
| which has been explored to depth or
| 400 feet. In the meantime the Jim
Butler mine has shipped out 26o tons
of ore and 1t is the intention Of the
mana cement to maintain regular ship
| naents hereafter. That the property
| will veryA shortly develop into one OF
the great mines of the camp is the
unpre iudiced opinion of those most
| competent to Judge.
THE MONTANA COMPANY.
Next 10 the Mizpah mine. as the prop
! srtv of the Tonopah Mining Company
| Is Familiarity called; no property Is more
popular than that of the Montana Tono-
pah Mining Company. which is faith
| fully described at length in another
! column. This was the first Tonopah
/ company to pay dividend, and the
4 mine which has shipped out in carload
| lots the richest ore from the camp. The
/ date of it's next dividend, which can not
be far distant, is a matter for daily dis
i cussion in Tonopah The mine COM
menced operation with cash capital
1 of sal 900 on August IS, 1902. and the
! first shipment of ore was made in May,
! 1908, and since that date the mine has
been self-sustaining. The output of
this mine is as follows:
| May, 1903. to Sept 1, net. $5o.261 SIS
|
Average value. S104 per ton. $306,.S9 70
| From September / to April 20. inclu-
/ siye there were shipped out S455 tons,
the returns for which have not yet
| been issued. but included in this was a
/ banner shipment in January of fifty-two
| tons which Melted over $4,000. Out of
| these returns the company has paid:
| For the Bainberger triangle fraction.
4 $4,000: dividend, $4,000; for construc-
/ tion railroad switches, $19,6o0; also
| heavy items for machinery, wages. and
! the many miscellaneous expenses which
! are involved in the operation of a
great mine. In addition to this the
| company has on the dumps over 500
| tons of milling ore. which, on a most
| conservative estimate, will net SIS per
/ ton, representing total net valuation
| of $4,000. The ore reserves blocked
| out are estimated at over $s,500.0Q0.
In all seven veins have, been proved
| in the mine and four are producing high
grade shipping ore, of which about
! fifty tons are shipped daily. and this
amount could easily be quadrupled it
railroad cars were obtatnable. 1t is
| utterly impossible to predict the won
derful future of this great mine Apart
/ from the enormous tonnage of payable
| ore in sight in the mine one must
take. into consideration the possibilities
of these veins at depth. the length on
| their course yet to be drifted on and
| by the company as yet unexplored and
| probably as good. If not better. than
the small portion, only one sixth. al
ready opened up.
The one great question In regard to