The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-13

Anolhcl iolopah mining com- y
. pany, the MacNamara, has en- Z
. tered the dividend paying list. =
. Very quietly was the meeting .
. held ut San Francisco Thursday .
= and Friday of last week and il 4
= was not until Tuesday that the .
. news of it's action became public, :
. says the Sun.
. The plan of the company, which =
. has amassed a fine treasury and =
> disposed of all its litigation, is to =
= disburse $4,000 on the first of ::
= each month, commencing March /. :
. This means $4,000 velvet money =
= a year, or 50 10 per cent interest .
= on the investment at present !!
= prices.
= There is also the strongest talk =
= of a mill erected either by the Z
= company alone, or through part =
. nership with another mining com +
= pany, for the MacNamara contract ,
+ with the Montana mill expires the +
= middle of March and will not be =
+ renewed. +
-
Little by little the western portion
OF the vast creage owned by the Tono-
pah Belmont Development company is
being opened up, and every week adds
~pereeptibly to the amount of ore Ill
sight and held in reserve, says the
Tonopah Miner. The Slopes which were
started ON the western end of the big
ore body developed on the l,lO0-foot
level, while producing a great deal OF
ore, show but little progress for the
week, owing to the size of the ledge,
which is ovcr IL feet between walls.
These slopes are being carried west
ward, away from the Wine, thus leav-
ing the big proven block of ore intact.
'rhe raise east of the Wine, when
was sent up on this same block of ore
at a point l35 feet distant, has made
connection with the 1,000-foot level, a
distance of 115 feet on the pitch of the
vein. being in ore the full width of the
raise, which is ) feet, all the way, with
the same pay material continuing on
the foot wall side. Preparations are be
ing made to stope ON the east side or
this raise, thus leaving the block of ore
between the raise and the winze for flu
ture extraction. This stope will demon
strate the width of the ore body at this
point and develop the vein in an east
erly direction. In addition to the
opening up of this immense body of ore
ON the 1,l00-foot level considerable
work is being carried on at other points
in the mine and Il great deal of new
ground broken, the total new footage
for the past week amounting to l39
feet.
Opening Virgin Ground
Some of this new work is very I'M
portant, and has been done with a view
to carrying on an extensive plan OF
operations in virgin ground. The long
crosscut sent out EAST of the Mizpaa
fault has reached a point underneath the
old Belmont shaft, and a station is mo-"
being cut in order to send up a raise TO
make connection with the shaft as soon
as the surveying has been completed.
1t is calculated this raise will have to
be sent up about 40 feet before con
nection with the shaft is made, but the
work is rendered necessary in order to
get better air in the lower workings.
In sending this erosscut out an inter
esting section of territory was ira
versed, the long drive continually eui-
ting s%tringers of ore carrying good
values. In the future it is planned to
do considerable prospecting ON this
block of ground, as the formation is
more solid than that encountered IN
the westerly portion of the property.
Quite an improvement is noticeable
in the west drift on the Occidental vein
tHiS Ntth, tut ittSt VIZ
| from two feet to between three and
four feet, and carrying values cons!d
erably higher than heretofore, the
quartz now being broken constituting a
fair grade of milling ore. There is not
much change to note in other portions
of the mine. the various workings look
ing pretty much the same as last report
The Montana
There is but little change to note IN
the underground workings of the Mon
! tana since last report. Superintendent
Collins reports everything running
along satisfactorily. with a total new
footage of 1913 feet for the week. AL
the stamps of the mill have been drop
ping continuously during the week
crushing a total of l,0i0 tons of ore, OF
which 745 came from their own minS
and 295 from the MacNamara, al aver
age extraction of 90 per cent having
been obtained. Good progress was
made in the installation of the melting
furnaces for the refinery plant, and II
will not he long before the cyanide pre-
cIp:tates will be reduced to bullion b.
their own plant. The contract whiei
has been in force, whereby the Mon
tana company agreed TO treat an aver