The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-17
MARCH WAS GOOD
TONOPAH MONTH
Big Producers Earning Well
Above Dividends as Their
Reports Show.
BIG TONNAGE TREATED
Tonopah Mining Shows Slight
Increase Over the Results
of February.
BIG TONNAGE TREATED

The Touopah district OF Nevada Is pre-"
scntinr two powerful arguments for con-
yIncing the world of its tremendous min
era, resources. one bolng the frequent
reports OF new ore bodies, the other
being the net results Of tho big propo-
sitions of the district from month to
month. The Tonopah Mining and the
Touopah Belmont companies have is
sued their regular reports covering the
month of March. the former showing
an increase over February. the latter
q slight decrease. but both far and away
in excess Of the dividend requirements.
The Tonopall Mining company during
March handled 1906 tons Of ore, dry
weight. the average value per ton beins
of bullion were marketed. the value OF
which WIS S20s.650, The company also
shipped 100 tons OF conce entrates from
giving a total gross production Of s251,~
$50. the net earnings being 516O.9Ao. an
increase Of about $4,000 over February.
Belmont Operations.
The Belmont company handled in its
mill Soi7 tons OF ore, dry weight, Se2
tons werc shipped to the smelters, giving
total output for March OF $500 tons,
the gross value Of which was $3.50,
and the net value sls6.62S. The slight
U-ClStSc over FGDTuhIN was que 10 LHc
closing OF the main shaft temporarily,
which reduced the amount of orc sent
to the smelters, but the completion of
tho. new mill will present solution to
4 report OF February's operations at
the Tonopah Extension company's prop
ositlon shows that the gross receipts
were $50. sos the net operating profits
an extraordinary amount Of new devel-
opment work in order TO shape its af
fairs for greater production.
Tonopah is attracting much attention
in the cast by virtue of its present en-
couraging condition. the following east
ern comment by Thompson. Towle e. Co
being apropos here:
THE Tonopah camp is experiencing
great activity, The old mines are MAX
ing good records with new ore bodies
being encountered. On the small prop
critics active development is being car
ried on. At many of these very encoT-
aging developments have taken place.
The new discoveries are not confined to
amy one. portion of the camp, for within
have been opened. both in the extreme
eastern and western portions OF the
heretofore proven zone. This has given
impetus 10 renewed DEVELOPMENTS and a
in progress. Below we give few brief
notes on the most important properties !:
Development Work.
"Tonopsh Relmont-Work at this
property continues to open high grade
ore bodies i'll depth. A winze has been
sunk below the l300-toot level to a depth
OF 1900 feet and hero developments have
disclosed tho richest ore in the mine.
shipments averaging moro than s1OO per
ton have been made from these lower
levels: Belmont has been earning in the
neighborhood Of s1s5,00o per month. and
when the new o0Q-to mill Is complet ed
IN July, q considerable increase In this
figure should be shown.
Tonopah MISUNDERSTANDING at this
property have been averaging around
$4,000 per month. Tho most impor-
tant OF recent developments have boen
confined TO the southern portion OF the
property near the Jim Butler mine where
,he company has under development a
large vein system on which good results
nave been obtained This addition of
ore In the Mining company Is impor-
tanr. as the ore reserves for tha past
few years have been decreasing"
Boston Mining Stocks.