Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1908-03-28
ROUND MOUNTAINS
GREAT PRODUCTION
ESTIMATED THAT CAMP WILL
PRODUCE 81, 25O,OOO
NEXT YEAR.

J.. r. Davis, one of the heaviest
owners in the Round Mountain Min
ing company, and also it's president;
Vice President j. P. LOTUS and ]. P.
Sweeney, a director, with Fred Sic
bert, a noted mining engineer and
former superintendent of the Tono-
pah Mining company and brother-in-
law of Senator T. l.. Oddie, visited
the camp during the week and made
a thorough inspection of the wonder
full Sunnyside mine, says the Round
Mountain Nugget.
Incidentally they took back with
them the result of a two-weeks' clean
up from the mill which amounted to
$14,430, extracted from a little over
1000 tons of ore, the whole mass GO
ing through the mill being somewhat
better than $13 per ton.
Mr.. Lotus said: I'VE have been
putting through about "A tons of ore
every "a hours but during the next
two weeks we do not expect our out-
put will fall below so tons per day.
During the following 30 days ar
engagements will be completed to in
crease the mills capacity to 100 tons
daily, which will mean a net daily
yield after all mining, milling and
incidental expenses are paid of $685.
600 per month.
You are at liberty 10 quote me
as saying that after the next thirty
days when the mills and projects
now nearing completion are added to
the facilities we now have for turn
ing out bullion and with the remark
able extraction of gold which the
hydraulic is doing that Round Noun
tain will yield during the next twelve
months s1,25O,00O and when the
mills which are contemplated be-
come assured this figure will be ma
~terially increased"
Mr.. Sweeney, who has visited the
camp many times in the past, be-
lieves that Round Mountain has the
making of M Of the best camps in
Nevada and n which will be per-
manent and hold its own with any
which have been discovered in Ne
yada. Mr.. Sweeney said: Il have
just returned from a visit to San
Francisco, and Round Mountain, to
use a sporting term, stands ace
high in the estimation of the brok-
crs and investors of San Francisco. ="
Mr.. Siebert, who is making a re-
port on the various properties which
Messrs. Lotus and Davis are inter
ested in, was astonished at the won
derful richness of the camp and the
progress which had been made.
Mr., Davis, in speaking of the prop
erty, said: We are grinding out the
ore day and night in our mill and
we have several lodges, one OF which
was uncovered within two feet of the
surface. We have today a well de-
fined ledge with strong walls at a
depth of owe 400 feet. The values
and size of the ledge continue to IN
with depth and at the 45O foot
level our ore body measures 20 feet
in width. To all appearance the dis
trict seems to be veined with a net
work of lodges which run in every
direction. In my opinion Round
Mountain has the making OF n of
the best camps in Nevada and It is
today the cynosure OF many eastern
eyes and eastern capital is seeking
investment in that section"
The management of the Round
Mountain Mining company have
never sought publicity and have al
ways maintained a policy Of strict
conservatism. There are only 7OO,-
600 shares Of the stock on the mar
ket and the 500 900 shares of treas
ury stock will never have to oe
touched.
|