The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-04-04

still developing splendid ore in the
new Western vein on the 18th and
18th levels. A vein of rich ore was
encountered in the Desert Queen
workings. Drifting has been COM
menced on the 18th level of the Bel
mont vein.
Tonopah Mining Company de-
clares dividend of 25 cents a share,
amounting to $250,00O, making to-
tai dividends distributed by the COM
pany to date $11, 100000.
Tonopah Extension Company still
sinking in excellent ore in the winze
from the 95O-fot level. The west
drift from the winze shows 4 feet
of very rich ore, and the west drift
on the 95O-fot level encounters 2
feet of very good ore.
Montana-Tonopah continues to
mill good grade ore, indicating that
the profits for March will exceed
Jim Butler Company will install a
new and powerful hosting plant at
the Wandering Boy shaft. The ore
bodies in both the Desert Queen and
Wandering Boy workings showing
great improvement in width and val
ues, and shipments of ore to the mill
are being increased.
The West End Company shipped
out 80 bars of bullion weighing 49,
124 ounces, values at $32,655, rep
%resenting the cleanup of the mill for
the first is days of the mont of
March.
MacNamara commences develop
ment of the Lower Contact vein on
the SOO-foot level, the upper levels
of this vein showing better values.
The company shipped out 10 bars
of bullion valued at $4,000.
Mizpah Extensions north crOsscut
encounters a streak of very rich sui
phide ore. The northwest drift en-
counters a quartz vein about 2 feet
wide with a streak of good sulphide
ore.
North Star shipped 22O tons to the
MacNamara mill.
Gypsy Queen crosscut on the 1925
foot level still cutting stringers of
quartz.
Rescue south crOsscut on the 500
foot level cutting stringers of quartz
in trachyte formation.
Tonopah production this week H.
1856 IONS of the gross milling value
of $272,S2O.
Tonopah production for the month
of February 42,736 tons of the gross
milling value of $S16,455.
In the western end of the camp
developments are equally important,
the development of the Murray vein
in the TonOpah Extension mine prov
ing that this vein already opened up
to a depth of over 1850 feet is con-
tinuing to greater depth with great
strength and carrying excellent val
ues, while the Merger vein is now
proved to a depth of 1910 feet with
every indication of continuation to
much greater depth.
These conditions indicate that
Tonopah will prove to be n of the
great deep precious metals camps of
the world.
TOnOpah Mining Co.
At the meeting of the board of d.
rectors of the Tonopah Mining Com
pany of Nevada, held in Philadelphia
on the 26th inst, a regular quarter
ly dividend of rs per cent was de-
clared payable April 21st to stock
holders of record s o'clock p. m.
March 31st, when the books will be
closed for transfer and reopen 10
O'Clock a. m. May 9th. This is the
thirty-fifth dividend paid by the COM
pany and is the first dividend of 20
cents declared this year. The total
dividends paid and declared by the
company now amount to $11,6OO,-
900. Since the declaration of the last
dividend on December 9th, 1915.
the monthly profits of the COMPANY
have beer as follows: December.
~$133,125; January, $119.423; Feb
ruary, $SO,55O, making a total OF
$333,09S.
No important changes have taken
pace in the company's properties in
the past week. The two veins re-
Gently opened up in the Sand Grass
claim continue t o be very low grade,
and on the 7OO-foot level drifting on
the vein was discontinued, and cross
cutting northwest was resumed.
The vein on the 1000-foot level is
still being crosscut. It is of great
width and only carries very small a
,o IN cnotS hut homes are enter
tanned that when the hanging-wall is
reached, better values will be encoun-
tered.
In the Silver Top mine drifting is
still in progress on the 24s-foot level
of the Valley View hanging-wall
vein. which has now been proved for
a length of $50 feet, showing an