The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-07

.Tonopah. Sept. 6.-Tonopah Extension
is in the limelight this week, and the
rise in the stock created some little
furry, but no surprise. Just what they
have in the mine is not known to the
outside public, further than they have
some very fine shipping ore. The quar-
terly report is at hand, and the quarter
ending July 31st, makes a very good
showing indeed for the mine; but does
not tell the full story of the workings
and the finds that have been made.
Only a few here know that there has
been a big strike made in the middle
levels, and the management not only
are not giving any publicity to this but
IL pinned down to it. would in all likeli-
hood made denial of the story. While
the stock of the company has been
steadily declining, the property has been
looking better all the time.
The strike that is reputed to have
been made was an accidental discovery.
and was not on the main workings, but
was stumbled into by the men. Those
who saw 1t say that the ore Is the rich
est that has ever been opened in this
camp. Report has it that the men were
taken away from the strike as soon as
the management was made aware of 1t.
and the mine at that point bulkheaded.
While this may be somewhat exagger-
ated, there is every indication OF Its be-
ing true The source from which 1t
comes is a very good one, and is cor
roborated by the fact that very rich ore
is being taken from between the 400 and
500 levels, which, however, is not being
shipped without being sorted.
The report of the company shows that
the company is in very satisfactory con-
dition financially, the treasury having
been increased $4,000 since the last
quarterly report. The returns from the
smelter for the past three months, up
to August 1st. were more than $50,o00,
and that this could have been increased
there is no doubt To those who have
cared to inquire it has been known that
the Extension has been making conserv-
ative shipments. Besides the high grade
that is being shipped there are large
quantities of milling ore blocked out In
the mine the disposition of which has
not been determined. To construct
mill under present conditions would be
out of the question, and the management
do not propose to be saddled with big
expense, when money costs so much.
There has been great item of ex-
pense saved the company in waiting for
the perfection of the Montana Tonopah
mill, which has decided the question OF
the treatment of the ore. 1t cost the
Montana Tonopah people no inconsider-
able sum to learn how their ore should
be treated with profit and economy. and
the Tonopah Extension company has the
advantage of this experience. for its
ores are very similar to those Of the
Montana.
The Extension company has done
some figuring with the Brock road and
the Clark road on the question of trans
portation from here to Beatty, with the
proposition in mind of having the ore
handled by the Montgomery Shoshone
mill. The mill belongs to the Schwab
interests as does the control of the
Tonopah Extension. The Clark road,
however. has not reached Tonopah, and
at the present time the Extension would
have to do business with Brock. Whether
this can be satisfactorily accomplished
remains to be seen. But something Will
have to be done with the milling ore, for
II is taken to be believed that the Ex-
tension people are just as anxious to get
their money out of the mine as are other
owners Of mines. To put up 100
stamp mill as was contemplated would
cost the Extension at least half a mil