The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-09-12

Ter. This is the second dividend Of
IN cents a share paid by the COM
pany, and calls for the distribution
OF $70,750 on the issued capital Of
$4,000 shares, and is the twelfth
dividend paid, making total dis
bursements to date $707,S30.
The net profits earned by the
company for the last three months
we're as follows: May, $4,000;
June. $2S.526; July. $51,119, max
ing a total of $9S,735. 1t is estimat-
ed that the profits for August will
amount to fully $70,ov0.
The development of the Murray
vein from the new main working
shaft continues to expose very large
bodies of excellent grade ore on the
$50, 1920 and 1170-foot levels, and
the west drift on the $50 level has
this week entered a body Of good
mill ore, a notable improvement, as
the workings on that level last week
only showed low grade ore.
On the $50 level drifting west
was continued a further 20 feet on
n full face of very good ore, and
work in this drift is being rushed
with all possible speed in order to
prove the full extent of this ore
western course, and shows no di-
rinution in values. A raise from
this level has now encountered a
faulted segment of the vein, showing
three feet Of very good ore, and rails
ing on this is still being continued.
Back from the face of the west drift
stopping has now been started on this
vein, showing a width of very good
ore.
Tonopah Mining
What may prove to be a very i'm
portant development was made this
week in the Tonopah Mining com
pary's Silver Top property on the
64O-foot level where the north cross
cut from the main east drift, east of
the shaft, has entered a large body
of quartz which has so tar proved to
be 20 feet wide, with only one wall
exposed.
ibis quartz at present where en-
countered only shows low grade val
ues, and is believed to be the eastern
continuation of the Valley View vein
east of the fault which cut it off in
the main east drift, and it is thought
that with further development work
commercial ore will be encountered.
On this level drifting east is still in
Progress above the level on the Sill
yer Top vein on three feet of mill
ore.
On the 440 level raising is still
in progress on from five to six feet
of good ore in the hanging wal
branch of the Valley View vein, and
although the ore is not of such good
grade as last week. 1T still carries
very good milling values. Drifting
west is also in progress on the vein
cut in tho south crosscut about two
weeks ago, the face of this drift con
tinuing 20 show a width Of three
Feet of mill ore. and the raise on the
foot wall streak of the Valley View
veir is still showing a width OF
about one foot of mill ore. Above
this level an intermediate drift was
started from the west end of the
stope on the Valley View foot wall
veir on two feet of low grade ore on
which raising has now been started
ii the expectation that better ore
will be encountered above the drift
Jim Butler
The new ore snoot encountered
last week in the Jim Butler mine, In
| the eastern extension of the MacNa
ara vein, has now been proved tC
be owe four feet wide of very good
grade.
/ This ore is on the seventh level OF
the Wandering Boy workings, east OF
the territory in dispute with the
West End Consolidated company
where the vein is about 100 fee
wide. dipping at a very fla angle
and the ore was encountered neal
the hanging wall, and the fOotwall OF
! the vein has not yet been encoun'
tered.
Where this ore shoot was encoun'
tered it shows streaks of exceeding
~ rich ore carrying very high values
and the entire body is of very good
grade
The eastern extension of this vein
in the undisputed territory is now
being thoroughly prospected and
developed by raises which are being
put up from drifts and crosscuts run
under the vein.
The downward extension of the
vein was this week encountered on
the eighth level of the Wandering
Boy workings. but it is at present
low grade, and drifting to the down
ward continuation of the ore shoot