The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-11-21
I1iE. GoLDflELD NEW AND WEEKLY TRIBUNE

~ 1ohOpah Ahib
earned net profits of $105,340 in
October, being an increase of $780,
$50 over the net profits for Sep
TENDER. This was due not only to
an increased tonnage but to a sub
stantial increase in the average val
ne Of the ore. Company makes Off
cial announcement that it has paid
$4,000 to the Panama Mining COM
pany on its property in Nicaragua.
Tonopah Belmont net profits for
the month of October were $780,
465, a slight decrease over those
for September. The decrease in
value is more than accounted for
by the drop in the price of silver,
as there was a substantial increase
in both the gold and silver bullion
produced; there were five tons less
ore produced in October than Sep
TENDER.
Tonopah Extension opened up
some of the richest ore ever found
in the mine in a raise at the LOO
foot level. The full length and
WlOCn OI Tic IdlSC 10 LA thS oAA
high grade. Rich ore also found
in raises on the 500 and the $50
foot levels. Slopes on the $50
foot level are in good grade ore II
feet in width, and on the 1920 foot
level the ore body in a stope is Is
feet wide.
Jim Butler Mining company earn
ed net profits of $16,79S.12 in Octo-
Der. This is a decrease of over "a,
900 from those of September, it be-
ing occasioned by the drop in price
of silver and curtailment OF produc-
ton owing to the retimbering of the
Wandering Boy shaft.
Montana-Tonopah announces q
temporary shutdown of local mill,
owing to low price of silver. Re-
ports from company's Common
wealth mine in Arizona are very
encouraging.
Mizpah Extension drifting on
vein from winze in body OF fair
grade ore.
Umatilla : Tonopah encounters
fault in raise from 1000 foot lev
ell and is now prosecuting forma-
ton to south.
Rescue-Eula shows no particular
change by weeks development.
Drift on vein discloses some fair
values, but they are spotted.
West End mill treated 1,2G1 tons
of ore during the week, shipped
from various mines as follows:
West End mine, 962 tons; Halifax
1913 tons; North Star, 101 tons.
Halifax is stopping above the l.
C0O-foot level. and sent 1913 tons to
mill.
Buckeye Belmont is sinking in
the footwall of the Big Ledge and
encountered a small streak OF pay
ore near hanging-wall.
TOnopah Mining Go.
The Tonopah Mining company
report for October shows a big in
crease in the profits over Septem-
Der, amounting to $4,000. Over
Lam tons more var. milled Al ,
the average values were $2.75 per
ton more. The October profits were
among the largest of the year. Prof
it's fer the first ten months of the
year were: January, $119,423; Feb
ruary, $8O,55O; March, $129,12O;
April, $1O3,1OO; May, ~$99,6s5:
June, $8O,54O; July, $7i.175; Aug
ust, $4,000; September, $65,350;
October, $1O5,34O, making a total
for the ten months of $937,313.
1t is officially stated that the To-
nopah Mining company of Nevada
has laid $4,000 in cash to date to
the Panama Mining company on ac-
count of the option held on the lat
ter company's property in Nicarau-
qua. 1t is stated on good authority
that this property is an unusual
mineralized zone and is likely to
prove a large producer of gold, &C
cording to an official of the COM
pany. Twenty-three veins have al
ready been discovered.
From the foregoing statement 1t
would appear that Tonopah Mining
company would soOn add another
good producer to swell it's reve
nucs.
The Tonopah Placer company,
another SUBSIDIARY of the Tonopah
Mining company, operating placer
mines at Breckenridge, Colo, is al
ready a good revenue producer, it's
profits for the quarter ending Aug
INST 81, 1914, being $1~45,O96.35.
Nothing out of the usual occurred
at the local mines of the TOpopah
Mining company, the development
proceeding along established lines
and with usual good results.
TOnOpah Extension.
What would be termed a strike
of great magnitude had it happen
ed in a new mine, or n in which
high grade ore was a rarity. oc-
Cured in the Tonopah Extension
mine the past week, when a raise