The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-03-06

ion U. the camp.
The Cash Boy shaft has now
reached a depth of 1875 feet and $
being sunk as rapidly as possible.
For the last 20 feet vein matter has
been in evidence which shows good
naturalization but it is not ore as
yet. The quartz is very likely look
ing and is becoming more solid as
depth is attained though there Is
considerable white tale mixed with
IL. The values have been increasing
of late but it is no expected that
ore which will pay to mill will be
encountered until the footwall of the
vein is reached.
The vein runs easterly and west
srly with a dip of about As degrees
but whether it is the extension of a
known vein or an entirely new one,
has not yet been determined.
Though there have been street ru-
mors to the effect that the water has
been giving serious trouble it is not
true and since operations were re-
Gently resumed there has not been
enough water to give especial bother.
Belmont
The very good to "high grade
ore, from the production of which
the Tonopah Belmont Development
company has paid so much in divi-
dends to it's stockholders, is contin-
ually being exposed in the workings
though there are not so many faces
in that grade of ore this week as
there was the previous week.
Some of the best ore now showing
in the course of development work
is in the FavOrite vein on 900 and
1000 levels and in the Mizpah fault
vein on the 100 level. In the east
drift, 951, on the Favorite vein, on
the 500 level of the Desert Queen
workings, there has been a continual
Improvement for several weeks.
There is an Is inch streak of very
grade of the balance of the ore is
better than the average. In east
drift 955 on this level there is also
an IS inch streak of good ore.
The drift on the Belmont vein at
the 500 level in which the values
have been erratic for some time is
nov in low grade ore. This is also
true of the east drift off the raise
on the same vein from the level be-
low.
The very rich ore which has been
followed Tor some time in the drift
from the west stope on the Favorite
vein OF the 1000 level of the Bel
INIT is still IN evidence and the whole
drift is in high grade.
Tho east drift on the Mizpah
fault weir on the 100 level is in
ore that while not as high grade as
in the Favorite vein on the level
above is yet a very good grade Of
ore.
TOnOpah Elk
The directors of the TOnopah Ex-
tension Mining company have de-
clared the usual dividends of 2Rc
per share quarterly and 2Rc per
share extra and ~ per share, spe-
cial. payable April 1 to stockholders
of record March II. This dividend
is the same as that declared last
quarter and calls for a total disburse-
ment of $%797,403.
The net profits of the Tonopah
Extension for the month of January
were %$59,O43, which shows a de-
crease over the preceding month Of
SLAP. When the low price of sill
yer is considered it is not to be ex-
pected that production will be push
ed and under all circumstances the
profits are very satisfactory. Even
if only the present rate is maintain
ed it would mean profits in excess
of 100000 per year. or above rs
cents per share on the issued capital.
izatiOn. The company is now paying
dividends at the rate of but 80 cents
per share and the dividend rate will
probably be raised before long.
Owing to a mixup of the trans
portation company the hydrants for
the new fire protection system have
not arrived, but word has been re-
ceived that they are sure to be here
within a week. Everything else in
connection with the system is com
pleted.
At the mine everything is in
splendid shape. Practically all of the
| slopes, from which the mill is fed.
are holding their own in width of
ore bodies and values in the ore. And
that is plenty good enough.
TOnOpah Merger
NIT 49, T1-onoL NTo,rDc nina ic
fulfilling all the reasonable expecta-
tons of those who are interested is
becoming more evident as develop
ment proceeds. That it should have
a mill of it's own and be able +"
treat, at the lowest possible cost, the
Io-,o, rroIo oros tbot ORC in tho nina