The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-09-18

J. T. g., Chicago-Goldfeld svna;...
Mining company was Incorporates
August, 1906, with a capital s,o.,
100000 shares of $1.00 each. +,
two claims, comprising forty ae,..
the Goldfeld district, Nevada .
that time the company has aeou;,.s
large interest in the Rockland mil.
Rockland, New, and have cleaned =
at Goldfeld where they owned a la
interest, also, in the Rogers ypd;....
which operated a profitable lease. cl.;,N
were made at last accounts that H.
have between 100000 and $500 ooo
ore blocked out at the Rockland min.
with average value of $1l per ton. .,1
financial arrangements are under w.v
obtain sufficient money to make thu -.
essary changes in the Rockland mill
L. c., Yerington, Ney.-The reno,.
the Nevada Consolidated eompanv !.
Ely for the quarter ended June 20 do,.
not afford basis for any minute anal,
sis. 1t says simply that the produe,io,
was 9,721,S73 pounds of copper. MIL,
net earnings of $514,945, or $63s. a44 !,
those of the company's interest in ~.
shelters and railway be included. W.
may assume that the company realizsd
about II Use for it's copper during th;.
period (the EDUCATIONAL average havin,
been 12.s9c). We may estimate ,bs
proceeds from gold and silver "a
amounting to 0.5c per pound of come,
On these bases the gross income far N.
period would have been 81, 300, 300. and
the cost of production, $7S5,355. .,
S.0Sc, per pound of copper. The com.
pany realized, however, a profit of $19,.
299 from its share of the Steptoe VALLEY
works and the Nevada Northern rail-
way, in which a large part of its eauj
tai is invested, and that profit figure,
out to 1.2Sc per pound of copper, making
the actual cost of the product only 6.se
per pound. This is undoubtedly the
best showing that has been made in
working the disseminated porphyry
ores.
L. c., Philadelphia--Some excellent
showings have lately been made in the
deeper workings of the Tonopah-Bel
mont property and continued develop
ment is encouraging. Nearly the entire
output of the mine is coming from the
1,000-foot level and below. The largest
ore body is exposed on the 1,lOO-foa
level. Work on the 9OO-foot level i,
confined to the slopes on the south vein
where there is an average of from three
to four feet of milling ore.
j. M. O'G., Duluth, and Others-Tle
Kansas City-Goldfeld is still at work
on it's Velvet lease, trying with per
sistency and courage to locate the ore
body that lies somewhere within Their
boundaries. Their more recent opera
tions have been from the Truett shaft.
Values have been found from time to
time, but the ore body that gave then
some rich shipments near the surface
has proven elusive. The company seems
to be making a faithful ana honest en-
deavor to get into the pay.
G. q. MacM., Plainield, N. jan
three of the Bullfrog companies Of
which you ask have been worked from
time to time by ~leasers, but no @
t~ensive development work on company
account has been done for a long time.
Some very rich ore has been taken
near the surface by leasers on the Ma
tional Bank.
A. B. M, Ishpeming, Mich.-0ur IN
Outstanding is that neither the Man
haitian Big Four nor the Manhattan
Gold King, is working. The former Wa
Differed by Thomas B. Hickey as pres'
dent and j. l.. Lindsay, secretary; o@a
have left the country under the cloud o.
the State Bank and Trust COMPANY
failure, and we have not heard OF any
reorganization of the company. MAI
haitian is given over largely nowaaaS
to placer mining although there ar
some lode claims at work.
T. 9. G., Lebam, Wash.-You say you
are a stockholders in a Goldfeld ME-
and want some information about y
but fail to state which mine 1t IS a.
this is somewhat necessary to an ihTf
ligent answer we will have to asR 10
further light.
L. G. G., San Francisco-No werk :
being done on the Florence Extehs'T
and no definite plans have been NAV
for resuming operations. The last "~'
done was by a lease, and 1T is uno'
stood that a new company is negotls'"'
for a long term lease under agree~'~
to do very extensive development
A. w. H, Portland, Ore.-Three VIC
are employed in sinking the N"
Donaldson shaft, which is now !"
in depth. 1t is the intention ~
much deeper, we believe, before -
lateral work. The property is u"
ented, but has been surveyed !"
ent, and the final steps will DC =,
soon to get a government deec'