The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-12-04

! nopah Mining 1900 tolls, the Tono-
= pah Extension 1850 tons, the
West End 647 sons, the Jim Butler
100 tons, the North Star 81 tons,
the Halifax 40 tons, and miscellan-
eous leasers 347 tons, making the
total production for the week 1851
tons, the estimated value being
$205,07S. This valuation is calcu-
lated on the gross milling values O.
the ore.
With the increase of nearly 100
feet in development and mining
footage, this weeks report of the
Tonopah Mining company is being
received with the greatest satisfac-
ton. The splendid advance in Sill
yer during the week, enhancing as
is will the value of the company's
ore production and reserves, gives
increased interest in the continued
progress of the company's develop
ment. While the report does not
refer to any particular increase IN
values, the development at various
points in the mine has brought in
ore of good milling values and at
other points has developed prospects
of a most encouraging nature.
The report of mill operations OF
the Tonopah Mining company for
the week ending Nov. 90, shows that
an average of S6 stamps were Kept
dropping and that $3.50 tons of ore
were put through the mill, the ore
maintaining an average of $3.50
per ton.
OF the total of 341 feet of work
accomplished, compared with 244
feet as reported last week, Ill feet
were completed in the Silver Top
territory, 20 feet in the Mlzpan
workings, 107 feet in the Red Plume
and 90 feet in Sand Grass ground.
In the Silver Top territory where
the greatest amount Of work was
DONE, west drift 374 on the $40
foot level was carried on with the
same satisfactory progress, the only
change of note being a slight in
crease of width in the ~lOw-grade
quartz which is being developed.
The face of the drift now shows two
and a half feet of the same charac-
ter of quartz.
In the Valley View foOtwall vein
No. 2, in which the management
started stopping last week, good pros
ress has been made developing about
IS inches of quartz. Work will be
pushed forward on this with the
of shortly encountering milling
Sialues.
TOnOpah Belmont
At a meeting of the board of di-
rectors of the Tonopah Belmont De-
velopment company, held at COM
pany's office in Philadelphia on
"a, the regular quarterly DIVIDEND
of 12h cents a share was declared,
which is payable on Jan. 2, 1916, to
stockholders of record Dec. 10. n
books of the company will close on
Dec. IS and reopen on Dec. ~.
This is the twenty-sixth quarter
Nv dividend to be paid by the Bel
mont and when it will have been
paid it will make a total OF ST.
S3O.522 that has been returned 10
the holders of Belmont stock in the
way of dividends.
While the report of the Tonopah
Belmont Mining company this weeh
is as usual confined to the mining
and development operations OF the
which shows but slight
change from the report of last
week, the substantial and crafty
ing advance in the price of silver
will no doubt result in a decidedly
keener interest in all operations as
reported. 1t is generally under
stood. that with other companies the
Tonopah Belmont has held from sale
a good portion of their silver pro-
duction on a declining market ann
it would seem that this attitude Will
result in a material profit over the
recently prevailing prices for silver.
The policy of the Belmont man
agemen with regard to continued
steady production and developmnt
is being maintained and combined
with the action on the part OF the
management in reservig a portion OF
it's silver production for high prices,
will no doubt give satisfaction to all
concerned.
The report of Tonopah Belmont
for the week records hat on the
700 level the $50 east drift on the
Occidental vein has been faulted,
and while the vein had not oean
picked up beyond the fault at the
time of the report there is but little
,oubt that it will shortly be en-
countered, when better values than
before should be found.
TOnOpah Extension
I'll. splendid production and 1e-
velopment of the Tn1opah Extel-
sion mine continues without aHate-