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

mated value of s2O7,76O.
Tonopah Belmont Development
company has issued quarterly re-
port for quarter ended May 81, 1919,
which shows that the company had
s1.529,S91 total available esources
on that date. There was received
for ore during the quarter $632,S22,
and the total net income was $780,
973.
Tonopah Mining shipped Sc bars OIL
bullion, worth SAP 200, as the result
of the cleanup of the mill for week
ending June &c.
Tonopah Extensions showing on
the 1860 level continues to be phe-
nomenal. The ore shoot In the
hanging wall vein has been proven
for a length of 800 feet, with full
face of west drift still in good ore.
The Slopes recently started show the
ore has an average width OF ten feet.
Jim Butler company has declared
a dividend of 10 cents per snare
payable on August 2. This is the
first dividend of the company ana
calls for a disbursement OF Slli'-
SO2.1O. There IS about ~$5OO,O0O IN
the treasury and the mine is looking
exceptionally well.
West End output for the week
1902 tons. Active developEa mt has
been resumed in the portion OF the
mine which is in litigation.
Halifax development proceedings
along esta blisheu lines and no
change is reported from any OF the
workings.
North Star is timbering the Slopes
on the $50 level and below the l2oo
levels. and in the meantime most Vi
the development work has been sus-
pended. One car of ore was
during the week.
Midway has resumed sinking OF
tho new shaft, which has reached d
daptb of 1880 feet. The lease OF
Iondsley and Latham on the ooo
level of the old workings has a tall
face of ore that will go better than
$40 IN the ton. 1t is in virgin ter
ritory and gives promise OIL opening
up an important ore BODY.
Montana-Tonopah has three sets
of leasers. each of whom is gettlne
an encouraging amount OF ore.
Rescue north and south crosscuts
and drift on the vein at the 9oo-
foot level made the usual footage
without showing any special change.
Mizpah Elk. is prosecuting deVel-
opment under direction OF ). +.
Spurr, consulting engineer OF the
Tonopah Mining company, when Is
operating the property under lease
and option.
Tonopah Bonanza is still sinking
the shaft, with no change OF lorna
tion reported.
Umatilla has the diamond drill IN
operation and has already gained d
depth of 60 feet below the INV
level. The formation is Midway
andesite.
Cash Boy is still shut down owing
to the non-arrival of some neces-
sary parts of the hoist. 1t Will De
some time next week before mining
will be resumed.
cvnsv Queen shaft has reached a
depth of 1245 feet and has cut occa-
sional stringers in the West Enu
rhyolite.
Victor has the water down to a
point, five feet above the station ana
one loot above the station pumps.
Monarch Pittsburg has o
tered some black sulphides carrying
encouraging values in the northeast
crOsscut.
Buckeye-Belmont made the usual
good progress at three and one-hall
feet per day in each of the work
ings in the northeast crosscut.
Tonopah East End will resume
active operations within the next
week or ten days.
Belmont
Accompanying checks for dividend
No. "a OF 12R cents a share, which
amounts to $1S7,500, the Tonopah
Belmont Development company mas
issued the following combined con-
dense statement of the operations
of the Tonopah Belmont Develop
NJ and the Belmont Milling
for the quarter ended May
81, 1915:
Received and receivable
for ore, bullion, etc. ~ 632,SZZ
Mining, milling and ad-
ministratiOn expenses --- o'o'ol'
Net earnings for quarters 254,3oi
,I;aoo,1onoons income 5000
Total net income for three
months ended May 81,
1o,5 ...$ 26O,973
Available resources, May 81, 1910
Due from semlters and sill
yer stored at soc oz----S s3I'4oo
So otbers S,726
on collateral 100000