The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-02-21
FLORENCE ISSUES REPORT
Continued from Page One.y
tendent Clapp, in part, follows:


81, 1918, 43O6.S6 dry tons of ore
were mined and shipped, of this
amount 3159.22 IONS were treated
in the cyanide plant of the Jumbo
Reduction company-s mill at Bonnie
Clare, New, which was leased to the
company. The gross vaIue recovered
from the 3159.22 tons was $685..
1888, or a recovered value of $9.11
a ton, which represents an average
extraction of about Sc per cent. From
the latter part of November to the
close of the year, 9S7.66 dry tons
were shipped to the Belmont Milling
company and the Western Ore Pur-
chasing company, the gross value be-
ing $~12,O69.92, Dr. $12.22 a ton.
The total amount of underground
exploratory and development work
accomplished during the year was
1924 feet, 1477 feet of which was
drifting and prosecuting, S07 feet
raising. and 40 feet Winning.
The actual cost per foot for devel-
opment work, based on labor and
amount of supplies used, is as fol-
lows: Drifting $4.1S; raising, $5.3S;
and Winning, $6.45, with a total cost
for all development of $4.64 a foot.
The development work lone on the
500, 1000 and 120O-foot levels failed
to disclose anything of value in the
main vein, and all work on these lev.
els has ceased and pumping opera
tions were stopped in July, which
effected a saving of about $1,000 a
month.
1t is impossible to estimate the
tonnage and value of ore in sight at
the present, in the cOmpany's prop
erty, due to the extreme irregularity
of the orebodies and the distribution
of the gold contents in them. At the
present time there is as much, if not
more, ore in sight than there was at
the start of stopping operations in the
middle of the year just passed.
There is a very good chance that
future development work on the up
per levels may add to the visible ore
supply. In substantiatiOn of this, the
incline raise north of the main shaft
on the 35S-foot level being driven for
the streak exposed in the No. l
Wine from the 250-foot level, broke
into a very good grade of ore on jan
uary 20. The ore is exposed in the
bottom of the incline about forty feet
below the 25O-foot level, and from
present indications seems to be the
top of a rich shoot of ore. One SAM
pie from the streak in the bottom of
the incline assayed $2O94 across one
and one-half feet. At the present
time not enough development work
termine just what it will make, but
it looks very encouraging considering
the fact that it is in virgin territory
where no work has been done in the
past.
The grade of ore shipped during
the last month of the present year.,
has shown a marked improvement in
value, several cars giving a gross as
say of from $40 to $31.6O per ton,
in carload lots. The present tonnage
being shipped is from 700 to 1000
tons a month.
Financial Statement
According to the financial state
ment the of the company
last year amounted to SAL, 97S.S6,
while the expenses tOtaled $685.
9S6.69. Cash on hand at the begin
ming of the present year amounted
to $11,190.95.
The most notable development at
the property during the last week was
the Improvement in the ore showing
in the main south drift on the $50
foot level, about 500 feet south of
the main working shaft in the yicin-
ity of the old Rogers Syndicate lease
workings. The face of the drift is
now exposing streaks of ore varying
feet, which carry values of from Sc
to $50 gold, 1 to 10 ounces silver
and from l to s per cen copper.
The north intermediate drift from
the 7S-foOt point in the raise above
the 35S-foot level, which is skirting
the top of the new shoot of high
grade ore recently discovered, now
measures 35 feet in length and is
producing mill ore. superintendent
Clapp stated Wednesday that he will
soon start a new winze in the main
north drift on the 250-foot level to
IA 49,
drift on the top of the new o%reshoot.
This winze will be started at a point
so feet north. of the winze that con-
meets with the raise from the 35S-
foot level, in which the picture ore
was revealed several weeks ago from
which the intermediate drift is be
ing run. 1t is also the intention to
start a new raise from the north drift
en- the 35S-foot level to connect with