New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-11
NOTES OF THE MINES.


shares IL New York IN the week has been Cobalt
Central The sales for the week were nearly seven
hundred thousand shares. ranging in price from
q to 60 The stock has also been extensively dealt
IN on the Montreal and Toronto exchanges. and
was sTen the st0cF 81 the discover that the
load Of ore SHIPPED ten days ago to RISketts q
some samples running as high i2oo0 ounoes Of
s D eef 70 e 5h9 tG this ee the rsf drft has been
started into Diabase Mountain
The majority Of the mines near Cobalt are work
ing night and day. and IN some cases three shifts
daily. The King Edward management is putting
tnnal ao6o sg a gong se sink 5'
shaft and open up more drifts: Rich veins OF leaf
and ruby silver are being followed.
Philip H Moore. consulting engineer of the Mic
mao Gold Mining Company and associates have
Just secured options the Mil Village Gold Mine
and the Leipsigate areas. both Of which proper
ties are IN Lunenburg County. n s.. ana adjacent
10 those OF the Mcmac Gold Mining COMPANY
There has been placed record at the Mines
Office at Halifax, X. s. account of fifty pounds
of quartz mortared by Charles Pettipss. OF East
Chezzatcock. which yielded ounces Il penny
weights and Is grains OF gold, at the rate % SO
ounces s pennyweights a ton. In November Last
one ton of quartz, including specimen ore
and there was recovered therefrom 81 ounces II
pennyweights Of gold At Gold River Lunenburg
County, ore IS being milled running 81 ounces Of
gold a ton.
Preparations are being made in the Ely district
for rush of people, who intend 10 take up mining
this spring Railroads already have booked heavily
up to July /. The development in that copper
camp IS attracting, many spectators and prospec-
tors TO the district The strikea in the Giroux and
the Ely Consolidated and the building OF the smell
ter by the Nevada Consolidated and the Cumber-
land Ely have caused considerable interest in the
mines OF this district
The mills of the Greene Gold-Silver Company, it
IS said. are now treating about 800 tons of a
DAY. The averages about $50 ton and the
expense of treating is So to IS a ton, leaving an
average net profit Of about SPA ton It is esti-
mated that the net returns will be about 1900
daily. Announcement is made that the Greene
CTold-Siver Company, at the annual meeting on
March 26. will declare a cumulative dividend Of
30 cents each share OF preferred stock and a
regular dividend OF 30 cents as we'll
The party Of directors and stockholders OF the
Nevada Copper Company has finished its inspec-
ton OF the properties at Goldhed, and it is under
stood has exercised an option for purchase of the
CIoldheld Daisy mine. II viii probably be brought
out in New York.
Wayne Darlington, general manager Of the Bag
dad-Chase mines. in California and Idaho believes
that there is 81 100000 worth Of in sight
on the dumps in the mines throughout the West
which was not considered worth milling ten years
ago. Metalurgy has taken such long strides in
the last decade that he says. will be possible
10 extract tns Wes sdre me ne 16 os com
In Tuoiuinne County, Cal, and the Petit and
South Mountain IN idaao' ana nolds me Bagdad
Cal To all Of these the new processes are being
applied
The Bagdad-Chase Mining Company is about to
install large mill of not less than fifty and
e concentrating plant its property the
6cO-ton smeter to be Installed on the South Mount
ain mine. in Owyhee County, Idaho.