The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-07-18
SAYS PIONEER IS PROMISING
tCcntinued from page one,

Continued from page one)
cent. but 1t is expected to increase
this to not less than 80 per cent.
With additional improvements now
being installed at the mill, within
go DAYS or less the capacity will be
more than doubled. The ore at pres
ent being milled is averaging 30 to
IS per ton and is being handled at
a total cost not to exceed $3.50 per
ton for mining and milling together.
Mr.. Tobin makes no mention oil the
higher grade ore known to exist in
the mine, from which sensational re-
ports may come at any time as de-
velopment proceeds.
Immense Slope of Mill Ore
The ore at present is coming from
between the 256 and 21O-foot levels.
There is a stope connecting these
levels, at present 80 feet wide by
12O feet long, and the ore is being
taken out from this stope in all d.
rections.
Ore already sold and now on the
dumps has a valuation of more than
$500, 600. Conditions are such that
an accurate estimate of the ore re-
serves cannot be made, but they have
been constantly increasing every day
from the time the mill was started.
Even under present conditions h
entire expense of the property, in
Guiding the improvements, addition
al machinery, development, mining
and milling costs. ETC., are all being
paid for by production. Indeed this
has been the history of the property
practically from the beginning, the
company never having offered it's
treasury stock at public sale for the
purpose of financing development
work.
The mine is equipped with three
hoists, one Is h. p, one rs h. p. and
one 40 h. p, one 5 drill compressor
and one 8 drill compressor, and a
60 h. p. driving engine. There is an
assay shop and a laboratory. Springs
at a distance of 10000 feet from the
mine furnish water sufficient to run
25 stamps. A triplex Ramsey pump
driven by a Is h. p. Almo engine
drives the water through the COM
pany's own pipe line from the springs
to the property.
The Pioneer Consolidated company
are patented.
The stock has just been listed on
the San Francisco exchange and was
called for the first time on July s.
Conditions at the property are such
that it seems likely to prove a favor
lite in the trading for some time to
come.
Showing on Other Properties
Altogether about 40 men are now
employed in the Pioneer section. A
large body of low grade ore has beer
opened on the X. X. claims adjoining
the Pioneer Consolidated on the vest
The property is developed by 500
feet of tunnel and 800 feet of cross
cuts, drifts and wines. 1t is own
ed by the Tobin brothers, who are
now figuring on plans for a mill.
The Indiana Pioneer Mining COM
pany to the southwest of the Pioneer
Consolidated is equipped with a nice
plant and doing a large amount of
work. This company has recently
opened good ore.
The Sierra Orc Mining company,
adjoining the Consolidated on the
north and owned by Chicago people,
has a good showing of mill ore at a
depth of 212 feet.
1t is reported that work will soon
be started on the Pioneer ExtenslUa
adjoining the Pioneer Consolidated
on the north.
w. H. Marx has opened ore on the
Moonlight property adjoining the
X. K. and Consolidated on the south
west. He has a very promising sur
face showing. the property panning
gold over a large territory.
The Mayfiower Leasing company
is making a regular production of
bullion from their property 1000 feet
south of the Pioneer Consolidated.
V. HOFFMAN was a morning ar
rival Ovor tho II O. n ro;JrooJ e-o~,