The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-05-22

ASNOh company . hSsOtldlluk Will
the Nicaraguan government for
power rights, and when these have
been obtained all haste will be made
in the construction of the first unit
of a mill which will treat 100 tons
of ore daily.
All three dredges of the Tonopah
Placers company, another subsidiary
operating in the Breckenridge dis
trict, Colorado, are in operation, the
last one having beeen started about
May 1.
Nv that the litigation with the
Tonopah Extension company owe
the ownership of ore in the Sand
tied, less of the development work is
confined to the latter and more Is
being done on other properties.
TOnOpah FIX.
The development of the Murray
vein on the 126O-foot level bears out
the confidence repeatedly expressed
in it's worth. This confidence was
based on the great width and values
in the vein on the lilo Level and on
the cutting of large and rich string
ers while the shaft was being sunk.
Drifting is in progress both to the
east and to the west on the 1860
level, and while the ore in the east
drift at present is only of fair grade,
the west drift has come into much
better ore during the past week.
AS the ore body on this level is 20
feet in width a decided increase in
ore values is of much Importance.
Work has been resumed with two
shifts on the crosscut to the vein on
the 1850 level, and, when the vein
is encountered, there is no reason to
believe that it will be less valuable
than on the levels above.
A raise has been started on the
400 level of the No. l shaft to pros
pect for a piece of the Egyptian
vein, and on the 500 level a new
east drift has been commenced on a
footwall branch of the Egyptian
vein. This drift shows three feet of
quartz in which the values are low.
The drift which is being put out
to the west on the Red Rock vein,
on the $50 level, still shows only
low grade quartz. More than the
ordinary interest is being taken in
this drift owing to the fact that
some believe hat the Smith vein in
the Monarch Pittsburg will prove a
continuation Of the Red Rock vein.
Midway
The news from the Midway this
week is again confined to the oper-
ations of those who are leasing on
the workings of the old shaft, there
account owing to the non-arrival of
the new compressor. The delay in
receiving this cmpressOr has been
very disappointing to the manage
ment, it having been promised a
much earlier delivery, but as it is
necessary to economical mining the
resumption of work on sinking the
shaft must await it's arrival.
The work of the leasers is meet
ing with good success. About 80
men are employed on the various
leases and nearly every day someone
applies for a "lay." There is no
difficulty in supplying the ground
for leasing, as there are several
miles of underground workings
reached by the old Midway shaft.
The first shipments from the leases
went to the West End mill this
week, but the ore has not yet been
treated. In addition to those leas-
ing in the mine, four men are work.
ing on a lease of the second-class
dump.
Belmont
The report of the Tonopah Bel
mont Development company for the
month of March shows net profits OF
$9O,113, an increase Of 1888 over
those for the previous month. This
increase of profits took place in
face of the fact that there were
1714 fewer tons of ore treated. The
net profits of the Belmont company
since the beginning of the year
have been as follows.
January ----.--..-----------$llo,lo9
February = oI'foo
Basing his statement upon the
- - ovtciIo on~Oipanr PrQSi-