The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-22
SMALL EARNING
Of FLORENCE
Reasons Given Why Company Is
Not Netting Profits, as
at First.
DO NOT PICK OUT
HIGH-GRADE R0CE
Everything Possible to Mill Is
Being Mined and Taken
Care OF.
Special to The Tribune.

Special to The Tribune
GOLDFIELD, New, Aug. 21.-While
Flroence Goldfield figures Of output and
reports to the assessor have been cal
culated TO lead to the fear that the mine
Is not living up to It's early promise. to
those familiar with the manner in which
operations are being conducted and with
the policy OF the management there Is
apparently little ground for a pesslmistic
view Of the propertys future II must
be admitted that the company's profits
have not made a very favorable showing
of late and operating expenses have been
high. The figures however. appear ex-
treme In both directions by contrast with
those during the time when the high
grade ore was being mined TO the exclu-
sion or everything else and the public
heard of nothing but picture rock.
Under the present capable management
OF Wills Lawrence the only method OF
mining tnsuring lasting results is being
carried ca on. that OF extracting every pound
OF ore from which profit can be re-
covered Owing 70 the manner in which
leases had sutted the upper levels OF the
mine the new manager had some formid-
able obstacles 10 overcome, and II Is not
surprising that. while following out the
policy mentioned OF securing all ore OF
paying quality: the average value of the
attendant cost OF operating far above the
normal.
Tom G. Lockhart. locator OF the Flor
ence and until recently the president of
the company. said last week while here
from his oil wells in California. we have
The biggest little manager over at the
Florence that there is In the country and
You can bet all your money that the
Florence In his hands is safe to earn big
dividends for long time" Which indi-
have declared Tom Lockhart thought he
knew IL all and would take advice from
no one else II may be mentioned in
ment Of the little" manager is about
l6o per cent that of his dmlnutive but
wirey chief
Official reports of the Florence com
pany, show that the product OF the mine
which has been treated in the mill OF
late mas averaged slightly under Sl2 per
ton and expenses have been rather high.
althougn these expenses have been chief
~ Tor extensive new development, and
the mill is making a highly satisfactory
saving of gold. Old workings were left
In bad shape by the lessees and the cost
or protecting this ground from caving
ana OF extracting the ore OF milling grade
has been heavy, AT only a few points
level and nearly all the ore mlled has
come from above this depth The man
agement is now preparing to open the
mine at depth and these preparations
While the necessity for hoisting ore
through the main shaft has retarded com
pletion OF the work of enlarging 1t to
two, compartments and manway, this
work Is now making good progress and
within the next three or four weeks sink
Ing VIII be resumed with 1000 feet as the
at intervals OF fifty feet from which 10
carry on development. Large skip pock-
cts with ore waste bins OF 100 tons ca
PPacity have been prepared at the $50,
800 and 800 levels. and with the large
automatic skips In operation a large ton
mage OF ore and waste material can be
handled and sinking can be carried on
TO good advantage without interfering
with lateral development and ore produc-
ton.
A large part OF the tonnage sent to the
mill has been coming from the territory
formerly embraced In the Little Florence
and Rogers Syndicate leases, south OF the
main workings. In the latter block one
OF the best ore shoots exposed in Flor
ence ground was developed by the les
sees, by means of a winzes TO a point
sixty-five feet below the 500-foot level
and this ore Is still untouched. awaiting
the time when deeper laterals shall reach
this part of the mine. 10 portions of the
Florence territory IL will be possible TO
employ the processes in mining planned
by the, Consolidated for. the Comhina
tIon vein. to open a continuous glory hole
from the deeper levels to the surface and
practically quarry out the orc at little
cost.
On the northern part OF the property
near the old bonanza Reilly lease, this
system may be followed. On the 350-foot
level a drift has been driven from the
main shaft to point under the old Reilly
workings and here the vein. carrying good
mill ore. together with seams of high
grade. is ten feet wide and becomes wild
er as II nears the surface. The entire
mass Of this vein. which is now being
stopped. has been breaking around $50 per
ton, The stope has already developed the
ore for a distance Of over 100 feet With
a formation indentical in character. there
is nothing to Indicate that the Florence
will not open ore bodies at great depth
equal in value 10 those developed down
to 1000 feet on the Consolidated.
The Florence mill continues TO treat
about 140 tons daily, of which 100 tons
are taken from the southern part OF the
territory, hoisted through the Little
Florence shaft and conveyed to the stamp
bins by means of the aerial tramway
built last year for this purpose. When
sinking the main shaft is resumed from
a depth Of $50 feet, ii is planned to in
stall an auxiliary hoist at the 500-foot
level and to use the ore bins at the 500
station TO hold the material broken dur
ing the day and to hoist 1t to the surface
on the night shift.
The following figures are contained in
the official statement OF the Florence
Godfield Mining company to the assessor
of the EsmeraIda county for the purpose.
as provided by law, of levying the quar-
terly bullion tax. The figures cover the
company's operations for the quarter
ending June 30, Number of tons worked.
3252, gross yield or value: Sl5I ;032S4 ;
actual cost of extraction. SIG 1912. cost
OF smelling, transportation and sampling,
sI4.3S4.So. cost Of reduction. s40.o0S50
net yield or value. S26.44S.42; amount Of
bullion tax. S7S023.