Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1910-04-24

opening up new ore IN all parts or
the mine, the most valuable devel-
opment being the Red Plume vein
and a parallel vein to the north,
the Mizpah fault vein and new
veins in the Silver Top shaft work
ings. Smaller veins of CONNER
cial ore are scattered through the
entire mine workings have also
aided in increasing the ore reserves
47,535 tons over the reserves of
last year, Notwithstanding the usual
amount of ore was taken from the
mine.
| From the Sand Grass shaft lat |
eral development will be started /
when the earlier andesite is en-
countered, and afterward will be
extended to other formations, i'll
indications warrant.
Deep development has been car
ried on by sinking the Mizpah shaft
been all in lower rhyolite below the
900 foot level. From a point 100
feet south of the Mizpah shaft on
the 1900 foot level, drill hole No.
5 was driven down vertically 653
|, feet in lower rhyolite. From the
J same drill point hole No. was
J run horizontally to the south 544
, feet in lower rhyolite. Drill hole
, No. A, driven down vertically from
point near the Silver Top shaft
on the 740 level, ended at 1898
. feet below that level in lower rhyo-
: lite The first EOS feet of this hole
is in other formations. The result
of deep development in the Miz-
! pah shaft, so far, have been mega
! tive.
e The estimated ore reserves on
J. March l, 1910, are 414,583 tons OF
a gross value of $21.93 per ton, or
d total value of $9,094,847.00, an
IL increase in value over last years ore
10 reserves of $1,131, 100000 (gold al
IN $20.67; silver at so cents pei
e. ounce, and an increase in tonnage
n over last years ore reserves o.
n 47.535 tons.
er In the report of Superintendent
ty A. R. Parsons of the mill, it il
st shown that 166,174 tons of dry ton'
IN of ore were milled, with tota
a metal contents of 52,03 ounces
of gold and 4,65S,296 ounces o
en- silver. There was decline in tn,
r. average price of silver during tn
w fiscal year when compared to thu
gs of the previous year. The averag
price of silver was 52.16 cents pc
ms fine ounce during 1908-1909, an
m for 1909-1910 was 51.5597 cent
ed per fine ounce, a decline of 900
ry cents per ounce which applied to tn
of 4,270,069.5 ounces of fine silve
to produced, reduced the income of tn
~, company $25,633.23 below what i
re would have been had silver main
he tanned the average of the previou
'te year. The recovery made by the mi
ps. averaged 91.7 per cent as compare
rk with 90.3 per cent of the previou
ed year. The milling costs show
reduction of O9SS per ton in tn
or total cost for the year just ende
as compared with the previous yea
Ill, The average cost to mine an
mill the ore and market the PR
St ducts for the past year, is show
as follows (Which also include tt
i'll, extraordinary development work
ore Per to
A. Mining costs Al
Milling costs 81
OF Metal losses in milling -. IL
5.S Freight on ore milled. $3.50. (
lnd Marketing mill products $50. j
,st,
OPP Costs per ton .$1O.'
nat Profit per ton -. TO-
re- Average gross value of ore
nat milled wv.
laft The combined income and surpl
ore for the year is shown in the +,
nan lowing report:
oth Net earnings and income
der year: The Tonopah Mining compa
as of Nevada, slap, 4S5.S4.
lon Desert Power and Mill compaI
ore $147,116.S4.
seal Total net earnings and incol
ear for year, $1.639,6O2.6S.
cost dividends Maid for the wear: \