The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-04-03

mines was 1923 tons of the esti-
mated value of $%217,974.
Tonopah Belmont shipped sc bars
of bullion, weighing 131,155 ounces
and worth about $4,000 as the re-
suit of the cleanup of the mill for the
first half of March. Favorite vein
continues to show up s%plendidly.
Tonopah Mining company declared
regular dividend of 25 cents per
share, payable April 81, to stockhold-
ers of record March 81, 1915.
West End has opened up six feet
of excellent grade ore for a distance
of 40 feet on the vein in the Cali
fornia claim of the old Ohio company
now owned by the West End. On the
fifth level of the West End claim
a drift has been in a shoot of high
grade ore for a distance of SO feet.
Face samples went better than 500
per ton on two days.
Tonopah Extension net profits for
month of February were ~$6O,21S. 1t
is believed that the management is
Intentionally keeping the mill heads
down, though at the above rate of
profits the company earns about rs
cents per share annually On the is
sued capitalization. Dividends are
at the rate of 80 cents per share an
nually.
Jim Butler is starting two new
slopes on the 700 level of the Wan
dering Boy. The east drift off No.
6 stope on this level is showing
four feet of good ore.
Tonopah Merger has started a
new stope above the $50 level on
better than four feet of very good
ore. Stopping is also in progress on
the 1170 and 1880 levels.
Halifax is stopping on the 1000 and
1851 levels and it outputting from
$50 to 200 tons per week. Devel-
opment is also in progress on the
1900, 400 and 1900 levels, with the
object of prospecting a very large
area of ore bearing t%rachyte to the
east.
Montana Tonopah cut a vein on
the $50 level which is believed to
be the Martha vein. 1t is two and
a half feet wide where cut and aver
age assays show values of $25 per
ton.
Monarch Pittsburgh southwest
c1osscut has been turned into a drift
following the vein to the west. 1t
now shows a two foot streak of $50
ore.
Midway shaft is 1870 feet deep
and has been in a vein for the last
13 feet that assays from 81 to $25.
Mizpah Extension south crOsscut
on the 1855 level cut a small streak
of ore that assays 500 per ton.
North Star has started stopping
from the raise above the 1870 in
termediate level. From two and a
half to three feet of ore of good
grade is being broken down.
Rescue Eula made the usual prog
ress in south crosscut at $50 and
$500 levels, both being in trachyte.
Victor has received the new Aid
rich triplex pump which will help
greatly in unwatering the mine.
Cash Boy east drift on the 1850
level advanced 20 feet without and
change. Drifting to the west is also
in progress.
Tonopah East End is in gouge
matter and tale hat apparently lies
between the cap rock and the ore
bearing formation.
Buckeye Belmont has encounter
ed some quartz that assays milling
values. New compressor is being
placed on foundation.
Umatilla made a little less than
the usual progress in crosscut and
drift owing to shutdown for two
days to make repairs on the cross
head. No change.
Tonopah Bonanza completing
preparations and will resume active
mining shortly after April 1.
TOnOpah Mining
At a meeting of the board Of di-
rectors of the Tonopah Mining COM
pany held at the office of the COM
pany in Philadelphia on March 25,
a regular quarterly dividend of 25
per cent was declared. This divi-
dend is payable on April 21 to the
stockholders of record at 3 p. m.
April IA, and will reopen at 10 a. m.
May 5, on account of annual meet
ing of stockholders occurring on
May 4.
This is the thirty-ninth dividend
of the Tonopah Mining company and
when it is paid it will make a total
of $12,6OO,O 900 that the company
has paid to it's stockholders.
AS has been the case for quite a
few weeks the bulk 0 the Tonopah
Mining company's development work
has been done in the Sand Grass
claim. Out of a total of 435 feet
of new ground broken during the