The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-02-27

BELMONT COMPANY DECLARES DIVIDEND:
WEEKS DEVELOPMENT IN SILVER CAMP MINES

Probably the most notable improve
ment vas in a new drift which is
being driven from the west stope on
the Favorite vein On the 1000 level
of the Belmont. The whole face of
the drift is in very rich ore and has
been almost from the time it was
started.
Tonopah Mining Company
The report of the Tonopah Mining
company for the month of January
shows net profits of $56,S75. This
is a decrease of $11,3S5 over the
preceding month, although the ton
mage treated shows a difference of
only 60 tons. 1t is evident that the
expenses were proportionately great
err the last month due probably to
the fact that a great proportion of
the development work has been in
the Sand Grass claim from which no
production is coming at this time.
The net profits of the Tonopah
erably in different months during
1914. The big month was March,
when the net profits were $12S,120.
The low water mark for the year
vas September, when the profits
were $65,35O. The total profits for
1914 were $1,057.973.
The Tonopah Mining company
has been spending considerable o
ey of late, both in looking for and
examining desirable prospects and
in developing those which it has
either taken over or has under OPP
ton. Among these is the property
of the Panama Mining company in
Nicaragua, which it is believed will
pay millions in dividends after it
has been fully equipped.
Tonopah Merger
These are very satisfactory condi-
tions to report from the Tonopah
Merger this week and the hopes of
the past are the realities of today.
Ore Is being stopped and shipped
from three different levels in the
mine and the ore is all of a good
grade. Some of the best is coming
from the 1880, or lowest, level in
the mine. The No. 2 raise at this
level is showing some very nice
ore.
Work has recently been resumed
on the 1910 level and the grade OF
ore coming from the stope above the
level is good.
Stopping is also in progress on the
ITO level from the slopes above the
west drift on the north vein which
recently came into the good ore on
this level. This is in what is known
as the middle block.
The drift to the east on the 1880
level of the Merger is just corning
into the vein hut it is expected that
the drift will have to be continued
another 40 or SO feet to get into the
oreshoot.
In all the Tonopah Merger shipped
$50 tons of ore to the West End
mill during the week and is now a
full fledged member of the steady
producers.
TOnopah FIX
The most important feature OF
the news from the Tonopah Extern
sion this week is the continued i'm
provement which is taking place in
the stope on the Egyptian vein
above the 400 level. When the drift
first encountered this ore body
there was nothing sensational eth
err in the width or values but OF ate
the ore has been widening and I'M
proving in value continually and on
Thursday there was fully IA feet OF
much better than the ordinary grade
of ore.
Just how many feet of backs
there are above the present workings
it is impossible to say as the Egypt
ian vein has not been opened up
above the 400 level. The 27O lev
ell never got over at far as the
Egyptian vein. However, there is
good reason to believe that the ore
will persist a considerable distance
upwards and add a great tonnage to
the output.
The numerous stringers of good
ore are continually encountered IN
the incline shaft, which is now down
SIS feet below the station cut on the
1860 level Owing to their persist
ency and richness speculation is
keen as to what the main vein will
show when it is opened up.
Jim Butler
The report of the Jim Butler To
nopah Mining company for January
shows net profits of $1S,033. This
shows a very material increase over
the profits for the preceding month
of December which were $13.339.
The increase can easily be accounted
for by the fact that operations are