The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-04-17

I1dltu NdluC vi S16Vf
Tonopah Belmont Development
company report for quarter ended
February 2S, 1915, shows available
quick resources of ~s1,425,440. Net
income for the quarter was 1924
9I2. AS a result of the cleanup Of
mill for the last two weeks of March
bullion worth $4,000 was shipped
Tuesday.
Tonopah Mining company has re-
sumed development on the 400, 500
and 500 levels of the Red Plume.
Tonopah Extension shipped bullion
to the value of $54,T00 as a result of
the cleanup of the mill for the last
half of March. Concentrates and
Stag to the value of $11,O25 were
also shipped this week.
West End shipped bullion worth
$4,000 as a result of the final clean
up of the mill for March. The mine
is looking unusually good in the var
ious workings.
Monarch Pittsburgh main crosscut
into the vein 143 feet and no foot
wall in sight. A new raise on the
vein will be started at n
Rescue Eula made usual footage in
crosscuts on the 500 and $50 levels
without any change in formation.
Tonopah Mergers new stope on the
1880 level has entered a high grade
oreshoot and the rock averages about
$50 per ton as it is broken down.
49, ~~- 0~o I0sr0
enlarged.
Halifax is breaking down from
five to six feet of excellent ore in
the stope above the 1000 level. Three
other slopes are also being worked
and in future the output will be
from 800 to $50 tons per week.
Jim Butler is breaking from
eight to twelve feet of a splendid
grade of ore in the stope on the
Mcnamara vein at the 700 level Of
the Wandering Boy.
Tonopah Midway suspended sink
ing the shaft for several days while
making preparations for the installa-
ton of the new compressor. Time
for exchanging the old for the new
stock expires April -.
Montana Tonopah sinking a winze
at the 800 level, the vein having got
smaller and low grade in the raise.
Mizpah Ex., -four croscuts made
the usual progress without change
noted.
Victor is lowering the water at the
rate of 81 feet a day. With 119
feet still in the shaft it will take
from 80 to 40 days more to com
pletely unwater the mine.
Cash Boy is running a crosscut at
TIE 1900 level which is now out 40
feet and will strike the vein in about
25 feet more.
North Star started new develop
ment on the 1850 level to prospect
large block of trachyte north of the
shaft.
Monarch Pittsburgh crosscut into
the vein 143 feet and no footwall in
sight. Another raise on the vein has
been started.
Umatilla Tonopah has started a
winze on the vein recently cut by
the north crosscut On the 1906 lev
81. Vein shows an abundance of good
looking quartz.
Tonopah Bonanza after more delay
expects power to be turned on ana
actual mining begin the first OF the
week.
Tonopah East End making slow
progresso owing to bother with water
and nature of ground, but still looks
encouraging.
Buckeye Belmont made progress
of 1OS feet in drifts from the north
crosscut during March. Less prog
ress was made in the south cross
cuts as the ventilation is not good.
Gypsy Queen croscut on the 1125
level shows one foot of quartz which
carries very low values.
Belmont
Accompanying checks for dividend
No. %, of 1910 a share, amount
ing to $1S7,5O0, the Tonopah Bel
mont Development company has IS
sued the following combined con-
densed statement of operations for
the quarter ended Feb. %, 1919:
Received and rece1vaDle TOT ORE
bullion, etc, $666,475; mining. mill
ing and administration expenses
sS59.7O4. Net earnings for quarter,
s3O6,77o. Miscellaneous income
s1S.172. Total net income Tor
three months ended Feb. %, 1919,
s324,942. Available resources, Fep.
%. 1915: Due from shelters and
silver stored at soc per ounce
s923,153; due from others, $l'22z'
loans on collateral, $25O,OOo; cash
in banks, $251,O65; total $1'4Z9'-
$40. Compared with the report for
tine previous quarter ended Nov. 80
1914. the total receipts from ore
for this quarter shows a decrease
OF s61,696, while the total net IN
oomo shows a decrease of S47,O1s.