The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-08-21

mines was lO,bZG TONS. OIL tne esli-
mated value of s211,720.
Tonopah Belmont Development
company report for the month OF
July shows net profits of $17,165, as
compared with sS3,635 for previous
month of June.
Tonopah Mining company repor
for the month of July shows net
profits of $77,165, as compared with
sS3,635 for previous month OF June.
The average value of the ore treated
war $14 per ton.
Tonopah Extension profits for June
were s4O,34O, as compared with
S43,223 for previous month of May.
Vein on 1860 foot level proved for
distance of 450 feet in length n is
all in ore with exception of few feet.
Where opened the stopas average
IL feet in width.
Jim Butler profits for the month
of July $3,751. as compared with
s34,777 for the preceding mont OF
June An unusual amount of de-
velopment work is now in progress.
West End has just encountered the
vein in a crosscut 200 feet on h in
cline below where any ore has here
tofore been mined, but not enough
work has been done to determine
width of values.
Midway leasers are developing
more ore daily and the workings
from the old shaft is n of the bust
est places in camp.
Mizpah Extension drift on vein on
1165 level is still showing three
teet of ore of average grade.
Montana leaser made shipment Of
75 tons during the week. Fourteen
other leasers are getting more or
less ore.
Halifax east drift on the 1900
level now passing through a large
north and south fault, after which
the ore bearing trachyte is again ex-
pected .
Rescue-Eula drift on second vein
on 500 level has been started up
again and shows IA inches of ore
VI 6OOu SiduO'
North Star Wine from the 1850
level now shows a narrow streak OF
very good ore.
Cash Boy is getting stringers of
good ore in cutting out for station
at 1850 level. Shaft has reached
depth of 1860 feet.
Monarch Pittsburg has resumed
work on the 1000 level, putting up
a raise and drifting to the west along
the contact.
Tonopah Bonanza has entered the
Midway andesite at a depth of $50
feet. This formation overlays the
ore-bearing trachyte in most of the
hines in Tonopah.
Umatilla diamond drill hole has
reached a depth of $50 feet below
the 1900 level and is in a b%roken-up
formation that had to be cased.
Buckeye Belmont opening up new
station on the 900 level, where good
stringers were encountered when
sinking the shaft.
Gypsy Queen shaft was sunk 12R
feet during the week and is still in
the trachyte formation which was
encountered some days ago .
Tonopah East End has not re-
sumed sinking on the shaft as yet,
and water column.
TOnOpah Mining Co.
The net profits of the Tonopah
Mining Company of Nevada for the
month of July, as shown by the re-
port just issued, were ~$77,165, as
compared with $S3,635 for the previ-
u month. There was a slight in
crease in the tonnage milled and the
difference in the profits can be &C.
counted for by the lower value per
ton of the ore treated. The ore for
July averaged $14 per ton, while in
June the average value was $14.95
per ton.
1t has become rather common to
refer to the operation of some of the
larger mines as manufacturing en-
terprises," from which nothing in
the way of sensational news is to
be expected. In a new and unim-
proved prospect there is always a
chance of e%ncountering blind veins
or opening up unloOked-fOr ore bod
les, but when a mine has been quite
thoroughly prospected and the geolo-
gy and fault system pretty we'll I'M
derstood, such chances are diminish
ed. 1t is then hal the mine "a be
properly referred to as a manufac-
turing enterprise.
The Tonopah Mining company has
reached this stage in it's local mines.
The work goes OF from week to
week with little change as a rule in
the aggregate results, but the month
ly profits show that, while there are
few sensational new finds the prov
ed and probable ore is sufficient for
the "factOry'' to nav we'll.