The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-08-28
USUAL RESULTS OBTAINED FROM
TONOPAH Mines The PAST WEEK

mines was 1925 tons of the esti-
mated value of $210,73O.
Tonopah Belmont Development
company today shipped So bars of
bullion which weighed 1858 OF.
the estimated value being better than
$4,000.
Tonopah Mining stope on the Mac
Namara vein on the $40 level OF the
Silver Top is now 20 feet in width
and the entire product, just as IL is
broken down, averages a fair grade
of milling ore.
Tonopah Extensions four pieces OF
development work on the 1850 level
are all in ore of better than the or
binary grade. In many respects 1T is
the pest looking level of the mine.
Jim Butler is breaking a great
deal of new ground on every Level
from both shafts with the exception
of the 900 level of the Desert Queen.
West End shipped on Thursday AZ
bars of bullion which weighed g.
379 ounce and which are worth ap-
proximately $45,100 as a result OF
a cleanup of mill for first half OF
August.
Mizpah Extension vein in east
drift on 1855 level has been cut off
by a flat fault.
Midway lease of Foster n
Cleary which has good body of ore,
some of which is high grade, is on
a new vein IN the trend of which n
Midway has 1900 feet.
North Star has three feet of very
good ore in the raise from the 1924
intermediate level, a material m
provement having occurred during
the week.
Rescue Eula will start winze on
the first vein cut on the $50 level
where it showed from IS to 20 in
ches of excellent ore.
Montana Tonopah had hoist in
commission several days this week
hosting leasers' ore for shipment to
mill.
Halifax development on three lev
els proceeded as usual without no.
table change.
Monarch Pittsburg cut small good
looking quartz stringer in the raise
from the 1000 level.
Tonopah Bonanza shaft down S65
feet and still in favorable Midway
andesite formation.
Umatilla has resumed sinking
with diamond drill at the 26O-foot
point below the 1900 level and lCok
for favorable change almost any day.
Cash Boy is prosecuting north for
and south from the 1450 : foot point
in the shaft.
Buckeye Belmont is cutting sta
ton on 900 level, entered ledge for
nation that is considered very en-
c%ouraging.
Gypsy Queen made usual footage
in sinking shaft.
TonOpah Mining Co.
An agreeable surprise was sprung
on those interested when last weeks
issue of the Miner appeared and
showed that the profits of the Tono-
pah Mining company for the month
of July reached the quite satisfac-
tory figures of $77,165. This is not
much below dividend requirements
at the present rate of 25 cents pei
quarter, or 81 per year., in fact the
income from other Investments o.
the company are sufficient to make
I'D the difference we're it not for TIE
fact that it is under unusual 9
pense in connection with the Mica
ragua and other unproductive prop
critics.
In addition to the profits from
the local mine the company receives
dividends from the Tonopah and
Goldfeld railroad, which it controls,
and the Tonopah Placers company,
five-sixths of which is owned by the
Tonopah Mining company, is max
ing good profits and has a large sur
plus, though it has not declared n
dividends as yet. There is also the
interest from gilt-edge investments
in which some of the surplus funds
of the company is invested.
Over against these, however, are
expenditures that are being made on
the property in Nicaragua which will
not reach a producing stage for
some months. Then there is the eN-
pense of operation of the Mizpan
Extension mine, which is being de-
velOped under a two years bond and
option. Besides these there is some
work being done on the Dunlap
mine, east of Nina. 1t is said that
a force of men have recently been
put to work sampling this property
and that if the result is satisfactory
it is possible that a teaching plant
will be installed.
TOnOpah En-.
More new ground was broken on
the 1850 level of the Tonopah Ex.
during the past week than on any
other level of the mine, and every