The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-10-02

y oAoPoa
first half of September resulted in a
shipme of bullion to the extent of
As bars, weighing GAS pounds, and
being of the estimated value of $685.
600. Returns from the shipment OF
concentrates, which will d ma
terially to this amount, have not yet
been received by the company.
The report of mining conditions at
the Extension property for TINS
week shows that no very important
changes have occurred, all opera
lions continuing steadily and the
usual amount of development work
and ore extraction being maintained.
AS vas the condition last week,
greatest interest on the part OF the
outside public continues to attach TO
the development work in progress
on the 1910 level in the old Victor
workings, in which YER material ad-
vance has been made. Crosscut
1903 has been extended through the
vein to the footwall rock, from
which point a drift to the west has
been advanced a distance OF q feet
on the footwall side of the vein. IL
is the purpose of the management
to gradually turn this drift toward
the hanging wall side of the vein
where the ore wa sfirst penetrated
with tho corsscut. This operation
became necessary owing to the badiy
caved condition of the ground where
the vein was intersected by the cross
cut in the hanging wall side. The
west drift Just mentioned, which Is
west drift 1862, has been making ex-
cellent progress during the week.
and it should not be more than a
few days before it has reached j
point where it will be practical 10
carry it back to the hanging wal.
side of the vein.
Belmont
From the cleanup OF the mills VI
the Tonopah Belmont company %
bars of bullion were shipped. weigh
ING 10000 ounce and worth Tie
annroximate value of $4,000. vi
this bullion, 60 bars weighing lzo,-
1877 ounces, and valued at approx
mately SS1, 900 were shipped from
the mill at Tonopah, and 20 bars
weighing 1882 ounces, worth IN
the neightorhood of $4,000. were
ont ont from the company's plant at
Millers.
Possibly the most interesting oe-
ve,opment in the mining operations
Of the company for the past "eeN
4 occurred on the 18th Level IN tne III
t~ermediate east drift off raise 81 on
the footwall branch of the
vein At this point a body or ore
about fou feet wide of very good
grade has been opened, up n mil
ing operations are proceeding mere
under conditions carrying o Ia
vorable indications for a continual
tion both of the extent and values OF
the ore body.
On this same level another new
condition of a very favorable nature
was developed in raise No. ~ OH
tho south crosscut. This raise was
only recently started, and has opened
nm a very attractive vein. which, al
though somewhat narrow as thus far
developed. carries very fair values
II &c hpl1eNeu lhdt
this discovery, which will be prose
cuted without interruption, may us
close a very interesting ore cohoi-
ton. ~
On the 500 level work is contlnu-
inc steadily in west drift S5S, winch
ia still following about two Feet oi
ore of very good grade, and nortn-
ooc+ crosscut S31 on this level, Wnlch
RECENTLY cut a narrow vein OF Z
grade ore, is still being ao'ah'e'
through the trachyte.
TonOpah Mining Company
official information was received
Thursday evening from the Tonopah
Mining that at a meetlns
of its board of directors hello on SEPT
% a regular quarterly dividend OF
TX ner cent was declared, a
Got 81 1915, to stockholders OF rec
ord at 8 D.. m. Sept. 80 anu 'n"'
transfer books will close at . p. IN
Sent. 80 and open at 10 a. m. oct' o,
This is the forty-first DIVIDEND
maid bv this remarkable mine since
IFS record-breaking production began
Ton wears ago, and makes a grand
toto, of $4,000, 900 which the Jock
hoIders have received in iv1dends
since that time.
Interest will naturally be mani
tested by the stockholders ana the
nublic in general in the fact thal
this dividend has been u rom
the regular 25 per cent dispurse,
mont which the company has paio
with such dependable regularly
ouarter for so many years, the
only variation heretofore peins a.
increase to 35 per cent wnich Tue
stockholders received for a one 'iine'
and to 40 per cent, which was the
paid continuously for sew