Los Angeles herald., 1910-10-22
BELMONT WORK CENTERS
IN THE G00-F0OT LEVEL
Strike Reveals a large Body of
Profitable Ore Aver
aging $21

TONOPAH, Oct 20.-Since the discov-
cry of the famous Belmont vein prac-
tically all work underground, with the
exception of sending down the shaft
from the 600-foot level, has consisted
of the development of that ore body,
requiring the running of thousands or
feet on the different levels. This ore
body has been developed to such an
extent as to assure the production of
all the tonnage possible to handle for
a long time, thus leaving the manage
ment free to push development work,
While the work on the Belmont vein
has all been done on and between the
9O0 1000, HOO and 1166 foot levels, the
lowering of the shaft to the 1200-foot
level means the opening up of that
ore body at greater depth. The Winze
is now about eighty feet below the
1166-foot level and has been in ex-
ceIlent ore every foot Of the way, with
no footwall in sight and the bottom OF
the winze shows full Of the same grade
of rich ore. This practically assures
the opening up of fine BODIES OF ore
below the present deepest workings,
which adds enormously to the pros
pective value of the mine.
The drifts being sent east on the
Belmont vein on the various levels
show the vein to be somewhat broken
and carrying lower values, but 1t is
thought this condition is only local,
as the same state Of affairs happened
on the 110O-foot level at different
points. especially where the vein
made a slight deviation from the reg
ular course. The mine in general is
in the pink of condition, with thous-
ands of tons of good grade milling ore
blocked out. The regular shipments
are going forward from the mine, con-
sisting of all the ore the company's
i 11f ~
the present time.
Report Of Tonopah Extension shows
an excellent record both underground
and in the mill, there having been
broken 206 feet of new ground in the
former, while the latter crushed ana
treated 1854 tons of ore, from which
an average extraction of 91.3 per cent
was obtained This is certainly an
excellent record, proving conclusively
that both branches Of the companys
workings are being run to full ca
pacity.
Although the complete returns have
not been received for the bullion and
concentrates shipped during the month
of September enough is known to be
able to make a fair estimate of the
net profits for that month, which show
that the mine and mill are being run
at a nice profit. From the informa-
tion now at hand il is safe to predict
a net profit of about 1000 for sep
tember, which is an excellent showing
especially when 1t is considered that
considerable tonnage is being taken
from the mill dump, which has the et-
feet of materially reducing the aver
age grade of the ore milled. When the
mill was completed there stood against
the property an indebtedness of $780,
COO. but this has been reduced consld-
erably and with the monthly net
profits running between $4,000 ana
S2SO 900. it will not require many more
months to place the mine and mill out
of debt The mill continues to do the
most satisfactory work, the thirty
stamps crushing an average of 1876 to
10 tons a day, from which an average
extraction of between 81 and 81 per
cent is obtained.
The month of September has been
another good month for the Tonopah
Mining company, the report just com
pleted for that period showing net
profit of $154,350, bringing the total
net nrofts for July, August and Sep
tember close to the half million mark,
or to be more exact, S49O 600. Ihe
record for the month shows that
total of 1851 dry tons were crushed
and treated by the mill, which is near
lv 1000 tons less than the preceding
month, which is accounted for by the
fact that September is one day shorter
than August and another day was lost
on Labor day.
AVERAGES EXCEED sci
The average value of the ore treated
during September was $2170 a ton,
which is about the general average of
the ore treated for several months
past, though single months may show
a less or greater value. The ship
ments from the mill for the month of
September consisted Of 20,246 pounds Of
bullion, valued at S224,470, and 107 dry
tons of concentrates valued at $751;
720, or a total of $276,190. The average
extraction for the past three months
is recorded as 92.4 per cent. This is
record of which the management can
feel justly proud, and shows that the
mine is making a profit considerably
in excess of the rate of dividends paid
which at present is 100000 a quarter.
The recent strengthening in the price
of silver is most pleasing to the man
agement Of the big profit, is it not
only adds greatly to the profits of the
mine, but 1t places considerably
higher valuation on the large amount
of silver bullion owned by the COM
pany, but stored away at time when
silver was selling in the neighborhood
c~ 48 and 40 cents an ounce. The
L,.1 ~ 30, l.,