The Calumet news., 1914-02-21
TONOPAH MINING

iONOPAH MINING
The earnings of this company month Januar!
were $l942S $13572 from the total prof
as announced fer December. This company like Belmon
shows that IN January than
during the month OF December the grade wa,
considerably lower.
The average value per ton of handled during
month December $21S5 while Januarys averag,
shows values Of only 1890 per Il this lower
rate, Tonopahs earnings slightly better than pen
quarter Secretary Higbee has recently made
specton OF the companys properties and reported
being well pleased with showing on the Lass
Chance ana West veins, while the developments
the sandsrss claim could better, hopes
out for good tonnage from this branch
Tonopah recently taken over property n Nicaragua
1t is quartz gold property partially developed
small stampml AS transportation facilities
been for developments receive further aten-
and later increase milling facilities will be
provided Assays of sarpes taken the property
good values anticipated good profit will be
received from operating the property This
Is by means the limit of Tonopahs expansion policy
the company has several other properties under
on but negotiations have not advanced sufficiently
make any stationery at this time intention
of the management pick up prospects, according to an
official statement instead the company endeavorng to
pick developed properties, which be source Of
revenue TO the holding without any great lapse
of time One dredge is being placer prop
erty recently acquired in Colorado expected by
spring others will commission.
TONoPAH BELMONT
This company sl5O2S during month of Janu-
ings for January the lowest months and
compare with $l71,S6G for the December
These low earnings were due to the cleaning some
Ola Slopes of low grade ore it is stated There
crease of i06 tons in the ore miled but
ire value per ton was much lower being cny the
month of January compared very nearly $40 orc
handled in December This earnings will not permit
the company to pay dividend. However it is
quite likely when these low Slopes are worked out
the company will again get back normal earnings
About the most important development at the Belmon
property of late is the opening up vein on the l2t
level which maintains Of from to 3 ~
r"e of high grade being driven ON the
1900 level TO intercept this at the lower level
NEW BALTIC
rms property has been marking time since the strike
u there will soon be considerable activity because of toe
'ccht IND at the New Arcadan. adjoining. New Ar
adam vein the Baltic and has ALREADY been
coated by diamond drii is expected that ground will,
'e broken early in the spring on the outcrop Of
he vein
franklin
THIS issue has been avorte the past week. advancing
S6a sales Yesterday activity ana strength are dine
q the developments the 1900 level
The Allouez Cungomerae lode has bccn Tcrossc,,,d m
his level and shows of 20 feet and aceor5no y,
he statements % the miners well charged with con-
er rms Congiomcrate lode is appro xinatey $40 fee
'es' OF the amygdaod, the which Franklin has
een endeavorins to make mine No work has been pre
iosy carried on in the Aouez Conglomerate lode below
he 1900 level Franklins property and according to
hose who have tEe lode 1920 Lowell it shows
tmarkabie Improvement is compared with the openinss
n the 23d level
rms erosscut which penetrated the Alloucz Congomer-