The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-21
[[iNDNT 7 IS ONE
/ THE LARGEST
1 Giant Among Silver and
/ apld Mines Adds to
Reserves.
IFAZ IS AFTER
SOME RICH ORE
kln Macdonald Visits New
|,rk With Description of
Tonopah.

,,t, Mcdonald. well known through
LEGATIONS with many enterprises
,,as and particularly with those of
3 yps IN New York this week in
An With negotiations concerning
4 I, Al A block OF stock Of the Hall
-..cnah company, to continue the
.nent which this porperty has re-
4 nmrpenced. The shaft which this
Zss "a sinking. according to Mr..
-,-sN, is now down to a depth Of
ID feet, The shaft is being sunk
view OF reaching a depth OF at
"a feat, where mining operations
/ n uudertaken to intercept the Bel
rzh ghich Is making for this por-
N tho Halifax property, says the
I jek Mining Age.
4 Mcdonald, In talking about Tono-
iates thnt the developments in the
"A during the past six months have
. 4 such character as to make that
~ eninently one Of the largest
IN Nevada, II not In thee ntire
States, az far as Its ore reserves
r<ued up In connection with the
rice OF It's stock. Mr.. Macdonald
= lrmly that the Belmont company
(, lhei past six months has at least
4 10 a large Increase to the re-
WITCH II published in its last re-
/ ia which were figured at 442, 900
4 8 value Of over $50 per ton. This
a. he believes. Is now over 100000
. ia presumably OF the same grade,
|Esssi workings OF the property are
| 10 what Is known as the I3o0-foot
| md the vein Is sufficiently strong
ne q. tbls point TO indicate reason
|itat they can count upon II for at
|rothcr 200 or 800 feet in depth. His
|1l knowledge Of underground ore
q conditions at Tonopah leads him
y conclusion.
Z Mcdonald expects to make ar
cents with the Belmont, whereby
|Rnont company will be glad TO use
|,.E Halifax shaft for air. In return
tch favor the Halifax company Will
|l1ed temporary development rights
u rs the Belmont ore body reaches
+,roperly.
mcdonald six months ago endeav-
p gel the management OF the Bel
wnpany to purchase a controlling
~ IN the Halifax and the sugges :
ls made al the time thta the Bel
rompany for one Of It's quarters
cents per share for the dividend
y other 10 cents to purchase the
Management at that time took
{.stlon under advisement. but fear
~ they might be criticised by the
ilocxholders for cutting the diyl-
acre obliged 10 allow this option to
IN the meantime the Belmont ore
hs wldencd and become stronger.
making directly into the Halifax
and other negotiations were
whereby the West End company
hall interest in this Halifax
~ The Halifax Ia now incorpor-
50oO.0OO shares OF n par value
eeh, OF which 10000 shares are
usasuFy This company was orig
E8rporated for 1000 300 shares of
ialue OF 81 each. but in a reor-
va The capitalization was cut
Us at present constituted.
ns about Nevada generally, Mr..
-llc SAID thatt he mining re-
o. We state were now being con-
aeefloped and many OF the older
snele lhere had been a great deal
-ulung al the start were now
~ permanent ore-making condi-
sEsral strike OF this Belmont
smch they hope TO catch and
ao otner ;han the famous Mil-
W. which traverses the property
taon0pah Extension Mining com
s Ionopsh Mining company and
ppgAh' Belmont Development com.
ib most cnsterlv workings, has
aeped and mined upon for 8 dis
soout $500 feet, is easterly and
IN and has shown an average
y elose to $50 per ton the entire
IN sns ~ has produced total o,
s'-syvp'oOo worth OF ore.
Win the hope Of cutting thi:
sHn @ me property OF the Halifax
~ aiming company that the prop
'% recently purchased by F. NJ
eao MIS- associates. they hayinf
5r,uMa 5Ma me possibilities OF this prop
1t.S IN al The present time, as dem
.! The workings In the Bel.
k'sSahy property on the 1100-foo
Ill spout 100 feet wide from hang
|Est W W tobtwall with twelve to nj
IN y, good milling ore on the hang
- fH anH niteon to twenty-five fee
~ 'ool~all and showing various
SrA VI commercial ore IN a cross
| m III Az lds oeen driven from the hang
fien.. 70 The footwaIi OF the VEIN
hH.sers varying in width from
ySn 10 TWO and three feet, th
.anyl oelng practically mIneralIze,
njleIsads 10 foot. The ore which ha
tsrnn tuu from this vein In the Bel
nIa'tP MILL as shown by thei
St mas mas averaged S27.5S per ton
smai,rsgn aiversgn grade of ore shippe,
nsrs,at'p,nr spr ebeing too high grade t
~ ai,t shows value Of S547
Ia a qsog Ky a gross production for tn
'iess ,zis,9s, the average value @
n hs,unns nns shipped 10 the mill an
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