The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-12-31
BELMONT MADE
BIG PROFIT IN NOVEMBER

table shows that its ore is of a higher
grade.
1t is a well known fact that by rea-
son of the cramped conditions which
have existed at the Belmont for the
past few months, following the chang
es, alterations, etc, both in mine and
on surface, the production of the prop
erty has been necessarily curtailed, bur
with all these adverse conditions the
mine, basing the calculation on the net
profits of the past three months, has a
proft-making capacity of a million and
a half a year, sufficient to pay from 20
to % per cent dividends on the pres
ent value of the stock.
This week witnessed the commences
ment of operations through the new
Belmont shaft, though up to the pres
ent time and probably for the next few
DAYS it will only be used for the Tals-
ing of waste, which is being distribut-
ed about the surface in order that the
surrounding ground may be brought up
to the level Of the collar of the shaft.
When this level is reached, which VIII
probably take a week s time, the black
smith shop, change room, sorting belt
and other accessories, now located at
the Desert Queen shaft, will be trans
ported to the new, or East Belmont
shaft, and henceforth all surface work
will be confled at that point. So that
it is likely that before the next ten
DAYS have passed hosting of ore will
have become a feature of the new
works.
During the week several tests ave
been made of the new compressor, and
but for a few adjustments, which are
being made under the supervision Of
A. Wilcox, who represents the Milwau-
kee company which furnished the plant;
it is proving a perfect piece of ma
chinery, and will come up to all re-
quirements.
The Belmont never looked better
than it does today. The slopes are az
showing a high grade of milling ore,
and as work proceeds in the various
drifts, raises and wines, the ore main
tains not only its value, but its extent
as well.
On the 900-foot level the east drift
is ont $50 feet in the ore shoot and the
face shows material of an excellent
milling grade. At this point the width
of the vein has not been determined, as
crosscuts have not yet been run from
wall to wall.
On the l0o0-foot level drifting on the
foot and hanging wall branches of the
ledge has been suspended until such
time as the cross-cut now being run to
the new shaft has been completed, then
the work of pushing it forward will be
resumed. Stopping, however, at this
point is going on as usual and a splen-
did product is being secured.
At the ITO foot level the hanging
wall drift is cut some distance east OF
the fault, and the ore that IS being
broken is of a high grade milling varie-
ty, as is also that which is coming from
the neighboring slopes.
At the 1166-foot level the hanging
wall drift is being pushed TO the east
and shows from four to five feet of
good ore. The footwall drift is also
in good ore, as are also the slopes east
and west of No. ] raise. Raise No. 3
on this level has been connected with
the 11OO-foot level and better v%entl.a
ton has been secured.
For the time being the work of sin1-
ing the new shaft to = greater depth
has been deferred, but within the corn
ing month it win start with renewed
activity and will be continued indet-
nitely.