The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-05-01

mated value of s207.922.
Tonopan Mining annua. report
Just issued shows net income for
the year of s1,059,123, out of which
100000 dividends wer paid. Es-
timated value of total ore assets
on March / is $1,525,731.
Tonopah Belmont Development
company annual meeting will be held
May 4. AS a result of cleanup OF
the mill for the first half of April
the company on Tuesday shipped 60
bars of bullion which weighed 49,
PAP ounces of the estimated value
of $50,
TOnopah Elk, profits for the month
Of March we're $55,S3S. Mill clean
up for first half of April was $780,
500. New 4O-leaf addition to the
filter press is being installed and the
output of the mill should be increas-
ed to obout 275 tons per day. Slope
on Murray vein at ITO level main
tains it's width of 35 feet of good ore.
Jim Butler has from six to even
feet of very good ore in the raise
from the west stope, No. 6, on 700
level of the Wandering Boy. Devef-
opmebt work has been resumed on
the coo level of the Desert Queen
for prospecting purposes.
West End is stopping good ore from
three different places on the 500
level, the ore body in one being from
II to IA feet wide. Company ship
ped &c bars of bullion weighing A.
97S ounces and worth in the neigh
borhoOd of $4,000 as the result of
the cleanup of the mill for the first
half of the month.
Tcnopah Merger is producing a
good grade of r from slopes n
four different levels, the output for
the week being 200 tons.
North Star is drifting on two feet
of very good ore in which the values
are almost entirely in gold, from the
lotion on an old stope on 1850 lev
eli. This showing here is very en-
C%ouraging and a new crosscut has
been started in hopes of picking up
the western continuation of the same
vein.
Rescue Eula south crosscut on the
$50 level has cut a medium size vein
in which the values are excellent at
thot roint. It is the downward eX-
tension of a six inch stringer first
found on the 500 level. Drifting is
underway.
Tonopah Victor is making slow
but steady progress in unwatering
the shaft where the water stands
now about 100 feet from the bot
tom.
Montana Tonopah east drift on the
north end of the estate made the US
ual progress and face shows well
m%ineralized quartz which looks en-
Couraging.
Mizpah Extension made the usual
Progress in the four faces of the
crosscuts on the 1000 and 1155 lev
els without change in the formation,
Midway company has let seven
leases on workings in the old shaft
from the 200 level to the 500 level
and 20 men started work yesterday
morning. More will be let. Com
pany retains all the virgin ground
near the new shaft and will press
development there.
Halifax output for week educe
to 25G IONS owing to the West END
mill being crowded.
Cash Boy crosscut on 1900 lev
el is out 100, so feet of which is
in the vein, and shows no material
change. Crosscut will continue un-
til footwall is reached.
Monarch Pittsburgh raise is up 80
feet but the quartz at present car
ries very low values. Drifts S
and west have been started.
Umatilla Tonopah is apparently
encountering a change in the east
drift en- the 1900 level, considerable
quartz showing which is well min
eralized.
Tonopah Bonanza shaft making
splendid progress on shaft which is
down 25 feet below the 800 level.
Flow of water is decreasing.
Buckeye Belmont made the Usual
in the different workings.
The new Sullivan air compressor is
giving satisfaction.
Gypsy Queen crosscut went
through the quartz recently en-
countered without finding vaules.
Tonopah East End management
negotiating for pumps to handle the
water which is now up 100 feet IN
the shaft.
Tonopah Mining Co.
The following information has
been culled from the annual report
of the Tonopah Mining company OF
Nevada which has just been issued;
Tor the year ended February 2S,
the Tonopah Mining company shows
a total net income of $~1,05O,124 out
of which dividends amounting to ST.
n n am .,o.o naiI leaving a Slr-