Weekly journal-miner., 1910-06-22
'MOHAVE COUNTY DECIDEDLY
 LIVELY Another Dividend Paid By the Golconda
 Mine Three Shifts are Work ing in the Ten
 neSSee Shafts

KINGMAN, June 1s-The Goleonda mine in the Union Basin district paid another dividend several day: ago -'of one-c cent per share, making the seventh of it's kind in about a. many months. Because of its re, markable development in a very short time, and its continuous and profitable production in the past two years, this mine has without doubt been the principal cause of the pres ent unparalled activity in the Ger bat range. Certain it is that the Golconda and its manager, John Boyle, Jr, were directly responsible for the advent into the "sulphide range" of Mohave county of the big United States S. R. & M. O., follow by other companies now dOtting the range for a distance of more than twenty miles.
 Some interesting figures are given in stockholders bulletin just issu- ed by MT. Boyle. The total net shelter receipts to June 1st are a little over $23e,OOO, of which about $1eO,OOO have been produced in the last year. The present slump in the price of zine is being offset by the increase in the gold and silver val ues of the ore, now being mined in the east 400 level. This is helped further, by the higher grade of zine. which is averaging 49 per cent as against 47 of a year ago.
 In the five months ending May 31st the mine shipped 4,395 tons of ore netting about $s7,OOo above freight and shelter charges. The total ex- penses of handling this tonnage and the resulting milling ore, together with the cost of permanent improve ments and additions to equipment made in that time amounted to about $65, 5,000, leaving net profit of more than $21,000 on the shipping ore alone. The net profit on the milling ore mined at the same time is esti- mated at about $4e,0O0, making a total net earning of $65,000 for the five months. -..
 Mining in the fourth level is dis closing an ore shoot larger and richer than ever, notably in gold and silver. Development is being kept consider ably ahead of the stoping, about two years supply constituting the pres ent reserves. The Prosperity tunnel, which will eliminate hoisting almost entirely, is in $50 feet and making good headway at the rate of 150 feet per month. The face is still 50 feet from the end line of the Goleonda, and about half way to the latter 's known ore shoot. Enough water has been developed for a 75-ton eoneen- trating mill, for which Boyle expects to start grading in short time.
 At the I X L mine, bonded re- gently by the Arizona Turquois com pany of New ork, work is being pushed on wagon road, and it is expected that all preliminary work will be completed by the end of the month. Superintendent Guy Atlee is purchasing a hoist and pump in Los Angeles.
 Chloride.
 In the new shaft in the Tennessee three shifts are making 25 feet per week. It is down 120 feet and will be continued to 800 feet before any stations are cut.
 The strike made in the Keystone last week is holding up both in size and value as drifting progresses. Shipping of the high grade mas been started, and pending the completion of railroad spur, six tons are being hauled by wagon to Chloride each day and from there shipped to the Needles shelter. The ore is averag- ing even better than at first expected, and is running well over $500 per ton. W. E. Hughes and J. NJ. Hues- ton of Los Angeles are visiting the | Keystone.