Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-21
MINING NEWS
OF NEVADA

Company has levied an assessment OF
: cents p%ershare, delinquent June %.
The Mexican Mining Company has
levied an assessment OF 10 cents per
share, delinquent June %.
The Greenwater Copper Mines and
Smclter Company operating at Green
water, is said to have $2lI,ooo III It's
treasury and intends to sink the main
shaft, now 1000 feet deep, to the
1900 level, where efforts to find an
ore shoot will be made. failing which.
some other property of the company
will be developed.
Tie MacNamara mine in Tonopah
shipped $50 ons of ore last week to
the Balkalala Copper Company OF
Shasta county, Cal, with whom Il iav-
orable contract has been closed. This
ore came from various portions of the
mine, the 275-foot level, the 2OO-foot
level and the raise from the westerly
workings on the 3OO-foOt Level furnish
ing the bulk of the production, the
balance coming from development
work at several points. Sinking the
shaft has been suspended for the
Present and prosecuting from the
new 77O-foot station has been started.
Just above this point a good body OF
quartz was encountered.
The reason assigned for the recent
drop in Florence Stock is h poor
showing made in an official state
mcnt filed with the sheriff by the
management OF the company for the
first three months of the present year
in which it is said that the net loss
ON the property for that period, in
Guiding the leasing operations, am
ounted to $1S.30S.25. This is the
company's reply to the demand OF
the bullion tax collector for the quar-
terly bullion tax. The corporation
claims thai the non-productive leases
much more han wiped Il the tax
claimed to be due the state.
Tae settlement t the strike at the
DlS SIIltlltl vi liz %
and Refining Company in Utah opens
the way for the receipt of more ores
from Goldfield and other southern
Nevada camps.
Tonopah advices state that the best
showing in the Belmont mine is in
the deeper workings, on the 1.O0J and
l,lO0-foot levels, and upon which the
greater part of the work is now con
centrated. These ore bodies nave
been encountered several hundred
feet deeper than in any other mine
in the camp n show every inclina-
tion of continuing to greater depth.
The repairs to the old Belmont shaft
have been completed to the water
line, which Is about 80 teet above the
bottom Of the shaft. This water is
being baled out and il is expected
taat the bottom will be in sight this
week.
The low prices to which the shares
of the Daisy and Great bend mines
have fallen in the market, suggest
that now is a good time to consoi-
date the two properties which may
then be worked more economically
and to better advantage.
The Nevada Pacific Copper Com
pany, Il new corporation, headed by
l.. l.. Patrick of Goldfield, which is to
build u smelter at the junction OF
Walker Lake and the Indian reserva-
ton. neal the Southern Pacific tracks
Is capitalized at So OO, 900 in coo 900
shares.
The Grizzly Bear lease on the Gold
field Consolidated ground is down
AS feet, and has entered the Cler-
mont ledge a distance Of eighteen
feet, with five feet OF this. it is said.
In quartz matter of fine quality. The
iootwail has nOt ''et been struck.