The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-03-07

vein On the 18th level still shows a
body of splendid ore in two drifts.
Tonopah Extension east winze from
the 950-foot level is exposing rich
ore in the Murray vein. The west
winze being sunk in good ore. The
mill treated the record tonnage of
1873 tons this week.
Tonopah Merger pump installed
and sinking of the winze and drift
ing west on the ore resumed. Ore
shipments will be resumed in a few
days.
North Star sent 275 toms of good
ore to the MacNamara mill this week.
Montana onopah proves the Mac
donald vein to be IL fee wide on the
698-foot level and encounters a seq
ment of the Triangle vein on the 465-
foot level.
Tonopah Mining company shipped
out 80 bars of bullion, valued at
$4,000.
West End company starts sinking
of shaft to 1O0O-foot level and ships
out II bars of bullion, weighing 27,-
229 ounces, valued at $2O,960.
The rumored consolidation of
Merger and Victor properties emphat-
ically denied by John G.. Kirchen.
president of both companies.
The Jim Butler company develop
ing the West End-MacNamara vein on
two levels in undisputed territory
and increasing the output of the
mine.
The Halifax encounters our feet
of low-grade quartz in the east drift
on the 12OO-foot level in trachyte
formation.
Mizpah Extension prosecuting
north and drifting east and west in
trachyte formation on the 1160-fOOt
level.
Gypsy Queen north cross-cut on
1125-foot level encounters two small
veins in trachyte formation.
Tonopah Victor shaft cutting small
stringers in trachyte at depth of
1925 feet.
Rescue prosecuting north in
trachyte formation on S0O-foot level.
Monarch Pittsburg commences
prosecuting a big quartz vein from
the bottom of the winze. Is feet be-
low the 10O0-foot level.
MacNamara opens 2 feet of rich ore
in Lower Contact vein above the 500
foot level.
Midway drifting east and west in
low-grade ore on the 1200-fOot level.
} Tonopah production this week 49,
OOf toms 0f tho UrOcc milling VolnQ
of $263,795.
Tonopah Cash Boy still cross-cut-
ting south on the 14th level.
Belmont
At the regular monthly meeting of
the directors of the Tonopah Belmont
Development company, held in Phil
adelphia on Tuesday, the oath inst,
the regular quarterly dividend of 25
cents per share was declared payable
April /, 1914, to all stockholders of
record March 18th. 1914, on which
late the books close for the transfer
of stock. This is the twentieth div
idend of the company and the thir-
teenth consecutive dividend of 25
cents a share, and calls for the distrib-
ution of $4,000 among the stock
holders, including this last dividend,
the ompan will have paid in divi-
dends a total of ~$5,993,000 on it's
issued capital of 81 100000, and on
November 3Oth had a reserve of ST.
43O,969 cash in the treasury. The
net profits earned by the company in
the last three months were: No
vember, $161,3S7; December, $171,-
S66; January, $150,2SS, making a,
total of $4S3,541 and leaving a sur
plus of $1OS,541 over dividend re-
quirements.
The Shaft vein was opened up
his week in the Belmont mine on
the 18th level, and where encOunt-
cred in a north cross-cut showed a
width Of 8 feet of splendid ore, and
drifting east and west on it is now
in progress, the esat drift showing
about the same width of very good
ore but in the west drift the vein is
widening, and is of splendid grade.
This vein has now been proved
from above the 10th level to the
18th level, proving a vertical height
of over 400 feet of ore and the drifts
on it on the 100, 1866 and 18th
levels have shown that it varies in
width from 8 to 10 feet, and carries
some splendid ore shoots, and as it
dips at a very fiat angle, a very
large tonnage of ore has been proved
up, and a much greater tonnage will
be available when it has been fully
developed on the 18th level.
The new vein which was cut on
the 18th level about two weeks ago
is still being drifted on in an east
erly and westerly direction, and con-
tinues to carry splendid values. In
] the east drift it is from 3 to 4 feet