The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-02-20


the estimated value of s%215,9S6.
Tonopah Mining company now in
complete control of the Panama Min
ing company's property in Nicara-
qua. from which big revenue is ex-
pected.
Tonopah Belmont company ship
ped ga bars of bullion, weighing
12S,762 ounces and worth in the
neighborhood of $2S7,5O0. Mine is
looking very good.
Jim Butler shipped LOO tons to
the mill-the usual output since
production started from Wandering
Boy shaft.
Tonopah Extension has opened up
an entirely new vein on the 500
foot level of the old mine. Vein
now shows two and a half feet OF
good ore.
Tonopah Merger encountered the
fault on the 1880 level which threw
the vein 20 feet to the north. 1t
is just being picked up again.
Midway company waiting for the
new cable when sinking on the
shaft from the 1900 level will begin.
Tonopah Victor pump has been re-
paired and with the baler is now
daily taking 100000 gallons of wa
ter from the mine.
Montana Tonopah shipped 25S ton
to West End mill in the last ten
days.
Tonopah East End getting change
of formation at 800 foot point in
the shaft. Broken up quartz has
come in and assays of SO and "a
have been secured. 1t is looked up-
on as quite important.
West End has opened up new
ore body on hanging wall of an |
store on 400 level. Five feet of
ore showing that assays $34.75 per
ton.
North Star has started a new
winze on the Macdonald vein which
now shows 20 inches of good ore.
Mizpah Extension geology being
thoroughly studied by ]. E. Spur,
geologist of the Tonopah Mining
company, before laying out plans for
new development.
Rescue Eula cutting station at the
95O-foot point.
Halifax will have ~retimbering or
shaft completed early in the week
and will then prepare for active min
ing operations.
Buckeye Belmont east drift from
the north croscut at the 12OO-foot
level encountering numerous little
seams of quartz trending with the
formation. The south crosscut is ad-
vancing four feet a day.
Monarch Pittsburgh prosecuting
the vein recently encountered on
$50 level. Vein shows width OF ~
feet and footwall not yet encounter
ed.
Cash Boy shaft is down 1910 feet
and progresses at the rate OF two
and a half feet per day. No change
in formation.
Umatilla following strong quartz
ledge in east drift or 1900 level.
Gypsy Queen north crosscut out
1850 feet from shaft and turned
toward the Boston shaft on the east.
lOnODdu NAlIliuS W.
The Tonopah Mining company OF
Nevada has now formally taken
over the property of the Panama
Mining company, situated In Nj
caragua. which it has had under
option since August, 1913, at the
price of 100000 and 100000
shares of stock in the company
known as the Eden Mining company.
The cash purchase money has been
maid and the stock of the Eden Min
ing company has been delivered to
the directors of the Panama Mining
company. =.
In a proposition as big as this 1t
takes considerable time before the
necessary amount of development
and blocking out of ore in the mine
can be accomplished, as we'll as
building the necessary plant for re-
ducing the ores, but when these are
accomplished. as they will be in due
time the derived will make
a very substantial addition to the
income of the Tonopah Mining com
pany which will be available for DIV"
idendS to the ~Ocknoluers
At the local mine the greater
amount of development has been
confined to the Sand Grass claim
for some time anu as this is special
work there is no mention of results
in the regular report. Fol that
reason the news is simmer and more
former than usual.
The report from the mill for the
week ending February 6 shows that
SS stamps have been constantly
dropping and crushed 2,41o TONS Oh
ore of an average value OF $40 a
ton for an average extraction OF w
per cent of the values. Shipments
from the mill consisted of 20 bars
Of bullion, valued at $4,000. No
shipment of concentrates was maze.