The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-10-17
;. w. F.. Pasadena, Cal.

vi HAN
thornc, Esmeralda county, has a reco,a
of production running well into =.
figures. Two mills on the nronu
were burned, both incendiarv fres a.
guilty parties at the time of the g..
fire having been sent to prison. tn
third mill has not proven a eomn,o..
success on account of the tale i, =.
ore. 1t is proposed by the new ovoo..
to make a change in the process H..
will ensure a much higher redpc,;o.
Recently the Goldfield Syndicate vv;.1
Warner q Stewart as the prineino,
holders, purchased a controlling into,
est in this property. Under the -
organization the forty-nine per cent 20
naming is divided between the troo.
ury and the original holders of ~.
property. Development work done ;.
the past has shown the property to con.
tain a large ledge of pay ore. This win
be developed as rapidly as possible
with the intent to place the property on
a paying basis shortly after the chance.
are made in the mill.
T. E. G., Pittsburg. You ask abo,,
the lev mill at Ely and the cost of min.
ing and smelling copper in that eamn.
The new smelter at Ely is now handlin,
5000 tons of ore per day. When com,
pleted this smelter will be composed of
four %5,000-ton units, combining con.
centrator and smelter plants. In sv
months, it is claimed, the entire plant
will be in shape to handle the ent;,o
10000 tons per day, thus making it one
of the greatest plants in the world
There are millions of tons of 2 per cent
and better copper ore in sight around
Ely, and much of this is being handled
entirely by steam shovels, this tending
to very much lessen the cost of hand.
ling the ore. At the prevailing average
price of copper the 2 per cent ore i,
worth $3.50 per ton. 1t is claimed that
this can be mined and smelted at a
profit of so cents per ton. While the
va
plant is running at full capacity this
will mean a profit of $4,000 per day on
the run of ore. Copper ore is being
mined at Ely at a cost of 40 cents per
ton.
J. F. W., Elmira, N. Y. A number Of
inquiries relative to Mohawk Florence
have been answered in these columns.
Every cent that the Goldfeld Florence
company received from shipments of
ore belonging to the Mohawk Florence
lease has, according to an authorized
statement made to The News, been
turned over to the proper officials of
the Mohawk Florence, with the deduc.
lions for royalty and bullion tax. The
gross output amounted to $4SS, 600 and /
the net to 1924, 791 81. Out of this sum l
100000 was paid in dividends. The
bulk of the balance was charged to ac-
count OF operating expenses and a con
siderable sum-, approximating $4,000,
was turned into the Nevada-G oldfeld
Lease company, a consolidation of the
Vickers leases. No ore was ever ex-
tracted from Mohawk Florence ground
proper, the output being from a small
section of Little Florence ground.
G. H. LEI, Omro, Wis. You will see
something of interest to you as an
owner of Little Florence stock, in an.
other column of this issue. ca The
commonwealth is a good property, be
ing developed by leasers who some days
ago reported a good strike and consid-
cradle excitement was oecasioned and
much stock changed hands around Il
cents. (3) United Tonopah and Gold
Held not doing anything to speak of.
(4) The Continental Consolidated
Mines company is a holding company,
organized to control several different
companies. The office is in Denver, and
we know little or nothing of their fnan-
cial affairs. Their properties and leases
are scattered throughout the mining
camps of the country. Those in Gold
field are not working. Write W. W..
Ellis, Denver, Colo.
J. E. K, San Francisco. Red Top
Extension Mining company has dis
posed of all its treasury stock, but has
$4,000 in it's treasury. Red Top Exten-
sion Leasing company, known as the
Waterman lease, has no money in the
treasury, but a good.sized block OF
stock. Mohawk Red Top Leasing com
pany, which was operating in Exten-
sion ground through a shaft on MISS
Jessie claim of the Laguna, has closed
down because of inability to find ore
A side line agreement between the Con
solidated and Extension has been
signed.
L. R. s., Nashville, Tenn. We are
just in receipt of the information tna'
a quantity of black sand recently taken
from one of the gulehes on u.
Niagara, which is a half mile east "
the Wild Horse Springs, ran slll'o'
gold, 40 cents silver. Samples OF rO'A
broken from the lodges assay sl.zV' -
$3.50 and $3.50. This property eo'
sists of six claims. We are informed :,
the president of the company, Ea"an
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