The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-07-10

at the Tonopah Mining company's
estate during the past week than
there was the previous week, and,
while it resulted in no new discov-
cries of importance, yet the results
are sufficiently good 10 prove that
there is quite a little life yet ahead
of the pioneer mine of the camp.
At the Silver Top only stopping is
in progress on the 40 level, produc-
ton coming from both the Valley
View and the Burro vein. On the
44O level work was not continued on
the raise which is going up on the
small unnamed vein. The little
work done, however, shows a wider
vein with the dip changed, but there
has been no noticeable increase in the
values. The stope on the Mcnamara
vein on this level shows a slight in
crease in the width of the ore. A
new footwall drift has been started
on the Mcnamara vein, on the $40
level, which is following about three
feet of mill ore. The stope on the
MacNamara vein, which widened
out last week, still shows eight feet
of ore. On the $40 level there is a
full face of low grade quartz show
ing in a new raise which was started
from the east drift on the West End
vein. The southwest crOsscut west
of the shaft has not yet cut the down.
ward extension of the veins for which
it is headed. The stope on the small
vein, north of the shaft on the 100
foot level, shows no increase in width,
but the values maintain the slight inn
provement which was noted last
week.
Jim Butter
AT a meeting of the board of di-
rectors of the Jim Butler Tonopah
Mining company, which was held at
the company's office in Philadelphia
on Wednesday of this week, an ln1-
tial dividend of 10 cents per snare
was declared. The dividend will be
paid Aug. 2 to stockholders of record
July 10. AS there are ~1,7lS,O2l
shares OF the Jim Butler stock issued
and outstanding $171 ,S02.1U will be
be disbursed in the payment of this
dividend.
IT is lot known at this time
whether it is the intention OF the
Butler company to declare dividends
at regular intervals, but vt is known
that the mine is in very good shape,
and, while no official announcement
to that effect has been made, we have
it on good authority hat there is
now between 100000 and $780, 900
in the treasury of the company.
There is more than the ordinary
amount of development work in prog
ress. both from the Desert Queen
shaft and the Wandering Boy. The
slopes in the latter are looking eX-
ceptionally we'll, particularly as to
values in the ore.
Monarch Pittsburg
Rapid progress is being made in
developing the big vein on the $50
mine. During the week a total OF
"a feet of new ground was broken.
Last Monday punches of white quartz
showing the usual black sulphides
were encountered in the northeast
crosscut, and there has been an i'm
prOvement in the showing since that
time.
In the north crOSscut over on the
west side, two contacts have been en-
countered-one between West End
rhyolite and calcite-andesite, and the
other between West End rhyolite and
Mizpah trachyte. This is a most i'm
portant development in that hereto
fore the different workings have
shown only the lower contact of
rhyClite and calcite andesite.
TOnOpah Elk.
While the showing OF the 1850
level of the Tonopah Elk. is not as
phenomenal as on the level above, it
is still highly gratifying n 1T is
possible, if not probable, that further
development may disclose as large
and rich ore bodies as on the 1860.
The south crosscut, which is being
put out from the west drift on h
hanging wall vein, passed through a
horse of waste about 13 feet wide
during the week and picked up the
footwall vein. The vein at this point
is five feet in width and the grade OF
the ore is good. West drift 5O2,
which is following the footwall vein
from the main south crosscut Sol,
was advanced 13 feet during the
week and shows a full face of good
ore. The drift to the east on this
same vein does not look so well at
this time, there being but two feet
of good ore in the face.
West End
The hoist which has been installed
| on the COL winze at the west End
mine is now in working order and
drifting has started in the interme-
date leveels below the 500. Ore