The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-12-26
GOOD CONDITION OF
T0NOPAH PROPERTY
1t Is Said to Be Better Than at
Any Time in Its
History.
MAY ACCOUNT FOR THE
ADVANCE OF THE STOCK
Vigorous Development Cam
paign Is Now Under Way;
The New Shaft.

The marketing of big block of its
stock has been held responsible for the
low quotation that has characterized
Tonopah Mining of Nevada for some
time past and the absorption of this
stock Is, in IL measure, regarded as the
power which has pushed the stock up
to around $3.50, says the Denver Min
ing Record.
While the taking of this stock may
have lessened the depression somewhat,
tributed 10 the mine itself. 1t has
been limited for some time that the
mine is in the best condition Of it's his
tory, and that the ore reserves are
larger aud of greater promise than
ever before; should this be the case
and it is very probable-it is only nat
ural that the Tonopah stock should
seek higher levels
The company has distributed in ex-
cess Of $1,300,000 the present year, and
if the prospects are as bright as they
have been pictured by reports said
to come from those who know, the
coming year Will be record breaker,
especially if silver should continue to
ascend in price.
A large and vigorous development
campaign is now under way at the
property at Tonopah and in line with
the work mapped out by the manage
ment comes word of the determination
TO sink another large shaft upon the
property, The shaft VIII be put down
upon the Sand Grass claim, the most
westerly claim owned by the com
pany.
The new shaft. it is stated, will be
started with three compartments and
will be carried down that width until
solid formation has been reached, after
which it will be continued two com
partments wide, each being Al o15 feet
In the clear, making 1t conform to the
three standard shafts on the company
holdings. The shaft is being put down
for the purpose of exploring the San
Glass claim, which is n full claim, COOK
1900 feet, and has never been pros
pected, although it lies IN very favor
able position, endlining the Red Plume
claim of the company on the west and
side-Gning the Grand Trunk claim Of
on both Of which excellent bodies of
ore have been opened up. While the
depth the shaft will be sent down at
present will depend great deal upon
developments. there is no doubt but
that it will eventually be sunk to a
great distance. in order to thoroughly
prospect this big acreage of virgin
ground. Another important piece of
work has Just been started by this COM
pany. Some time ago, when the shaft
was nearing the 1500-foot point, it was
stated that prospecting work below this
point would be carried on by means of
the diamond drill, and 1t Is now stated
that this work has been started and
drilling is in progress from point near
the shaft on the 1500-foot level.
Unusual activity is displayed in the
workings from the three shafts now in
operation. and a great deal Of develop
on all levels in all portions of the
property. the result being that several
new bodies of ore are being opened up
which show considerable strength and
give every promise of Welding an ex..
cellent tonnage of ore when the ground
has been blocked out and stopping opera
tiors are taken up.
While much of this work has been
on ore, following up and proving veins
recently encountered. considerable
foota9e has been devoted to running
crosscuts out into new blocks of
ground for prospecting purposes, some
of which have already encountered
very promising bodies of quartz. There
have been no important changes In
the older WORKINGS of the mine, the
Slopes on the different levels continu-
ing 20 weld the usual large Tonnage,
with plenty of orc still exposed, the
veins maintaining their wonderful
strength and values remarkably well,
While the bodies OF ore recently en-
countered arc capable of Welding a
large tonnage. thus far practically all
the ore that has been extracted came
from the development work necessary
10 omen them up and place them in
condition for stoDiug operations later
The mill report for the week ending
December shows that an average OF
sS out Of the 100 stamns were dropping
constantly. crushing 1900 tons of ore,
The bullion shipment consisted of 62
bars of bullion, valued at $4,000. and
~ 600 rounds of concentrates, worth
51l 900. making the total bullion ship
mcnts amount TO $4,000. An average
extraction of 90 per cent was re-
corded.
The low average number Of stamps
dropping during the week was caused
by the unusually cold weather inter
rcrinp with the settling OF the shines,
necessitating the hanging'up of a por-
tion OF the stamps for a few hours
each dav. More heating pipes are now
being nut in The slime department. IN
order to overcome this difficulty.