Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-03-09
tn RESURRECT
BELMONT Mines
ON PROPERTIES HAVE NEW
BLOOD INJECTED AND
ARE BUSY

The New Belmont Amalgamated
wiling & Mining company has been
oyoanized to work the old Belmont
mines. The incorporators have been
working diligently on the project
during the past six months, and To-
that a large reduction plant
If the most modern type will imme-
diately be installed.
The old dumps, on which 1t is esti-
mated there are 100. 000 tons of ore,
have been thoroughly tested in 100
mound samples by competent metal
lnrgists and assayers, who report
that they contain an average value
Of 500 per ton in silver. gold and cop
per sulphides,
More than three and one-half
miles OF development work has been
done in the mines. One particular
ledge has been drifted on for 1900
feet. carrying values of from $40 to
s67 per ton the entire distance. At
the time the mines were operated,
owing to the crude methods in OPP
Grafton, ore running less than $50
per ton was left In the mines or on
the dumps, to await the ingenuity Of
man for an economical method Of
reduction. Great strides have beer
made in this direction in recent years
aud with the methods now perfected
# will be possible to work the Bel
mont ore for less than one-sixth of
the cost twenty years ago. 1t Is .
matter OF record that a shipment of
ore from the Belmont mines to Aus
tin. after the mines shut down, net
ted $500 a tor. The difficulties
which the former operators had to
encounter can be realized when it is
known that supplies and machinery
we're f~reighted from Sacramento. a
distance of over 500 miles, by OK
teams, and later on from Battle
mountain, 200 miles distant. At the
present time there is a railroad to
Tonopah. forty-five miles distant, and
a survey has been made for a pro-
posed railroad 10 n within a few
hundred yards of the compary's
property.
Several leases have been applied
for on virgin ground belonging TO The
company.
After the investigation and ex-
animation by eminent mining nen,
this property is considered one of the
greatest, II not the greatest In the
state OF Nevada. The mines have a
record OF producing the highest
grade silver ore In the United States
and the records show hat over $40.
000, 900 worth of bullion was ex
tracted from them during the few
years OF their operation. They were
closed down shortly after the de
monetization Of silver, which even
caused a panic at that time.
This enterprise is backed by botl
Eastern and San Francisco capital
lists and should develop into one o
the greatest propositions that hal
ever been launched in this state.
d. w. Nefsy, an attorney Of Loi
Angeles and formerly a North pa
kota coal operator, is president; +
T. Torpey. one OF Manhattan's mos
en~terprising brokers and mining men
is secretary; Henry Harrison, a vet
eran mine operator OF Arizona, I
vice-presldent; r. y. Meder, cashie
OF the Manhattan branch of the Nv
and ormsby County bank, is treas
urer and the Nye and ormsby Coun
~ bank is depositor.
The capitalization of the compan
is placed at 1000. 600 shares, pa
value 81 each and worcestershire
100000 shares being in the treasury
Mr.. Torpey says: I'VE have, dun
ing the past four months, taken som
of the best mining men over tn
P'Nl'itSt idu dSoafH iuh "" -
pound samples from the dumps
taken at random, as we did not wis
to jolly ourselves by trying to sampl
1t for high values, have had disinte,
ested mining men do the same, an
! am prepared to state that b.
lieve we will pay dividneds on I'll
New Belmont Amalgamated MiniT,
& Milling company's stock befol
1897 has passed
ANTINVnNN Nt1Nrt,c nv nIrNfnnVn