The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-03-27

OUTPUT OF TONOPAH MINES INCREASES:
REVIEW OF SILVER CAMP OPERATIONS

The weeks output of the Tonopah
mines was 1920 tons, of the esti-
mated value of s222,SS0.
Tonopah Belmont company's prof.
its for the month of February were
s91,453. The favorite vein, which
is producing splendid ore from NAM
faces has been opened up on the 100
level at a point 200 feet further east
than ever before. Crosscut went
through ten feet of good mill ore.
Tonopah Mining company's prof
its for month of February were SAT-
500, the silver values being estimat-
ed at so cents per ounce. Tonopah
Placer company, a subsidiary of the
Tonopah Mining company, is figuring
on putting in a 100000 hydro-elec-
trio power plant at its property near
Breckenridge, Colo.
Tonopah Extension has opened up
new ore in a raise from the $50 level.
There was nothing of value expected
at this particular place when the
raise came into six feet of ore that
averages from SIS to SIS per ton.
Jim Butler company earned net
profits in February of $22,444 from
a total of 5,255 tons of ore milled.
This compares with $1S,033 for jan
uary and $13,339 for December. The
development work for the past week
has been productive of better than
the usual results.
West End drift 555 on the 500
level shows a marked improvement
in ore values. Company on Tuesday
shipped 25 bars of bullion which are
worth in the neighborhood of $685.
500.
Tonopah Merger has opened up
some very good ore in a raise from
the $50 level, $50 feet west of the
shaft. The grade is much better than
has heretofore been found at this
level and would pay to ship.
Montana Tonopah discontinued
stopping for the present, but devel-
opment is being steadily prosecuted.
Tonopah Midway directors have ex-
tended the time for exchanging the
old stock for the new, and the pay
ment of the assessment of one cent
per share until April IL, 1915. Sink
ing of shaft is progressing steadily.
Monarch Pittsburgh raise on the
Smith vein is up 25 feet with values
irregular but some good specimens,
showing ruby and brittle silver, have
been encountered.
Halifax east drift on the 1900 lev
ell has reached the contact and en-
tered the ore bearing trachyte for
nation. This is looked upon as quite
an important development and it is
believed that a considerable block
of this formation will be opened up
to the east by this drift and the n
at the 400 level.
North Star raise from 1880 level
connected with Wine from 1850 lev
ell and stope will oon be started.
Vein is not wide but values are fair.
Mizpah Extension prosecuting
north and south on 1855 level and
also to the north on 1000 level, each
being in trachyte.
Rescue Eula south crosscut on the
$50 level now out 140 feet and still
in trachyte. South crosscut on $50
also in trachyte.
Victor has lowered the water in
the shaft to a point 1875 feet above
the 1910 level.
Umatilla Tonopah east drift fol-
lowing quartz which shows only oc-
c~asional low values.
Tonopah Bonanza has ordered new
electrical station pump with capac-
ity of $4,000 gallons daily and prep
arations are going forward for re-
sumption of active mining operations.
Cash Boy crosscut on 1850 level
vanced 20 feet with no change re-
ported.
Tonopah East End sinking on the
shaft and present conditions r very
encouraging.
Buckeye Belmont has added a new
drill compressor to it's equipment.
Work continues in foul faces.
Belmont
The report of the TOnopah Bel
mont Development company for the
month of February shows net prof
it's of $91,453 as against $115,159
for the preceding month of January.
The decrease in both the gross
and net proceeds of the mine is
doubtless accounted for by the fact
that it was not desirable to crowd
production nor to take out the best
grade ore, with silver at the low
price which was quoted in February
and which has prevailed most OF
the time since the European war
broke out. With silver now in de-
mand at better prices and every be-
lief that the advance will continue
until a reasonable good price can be
depended upon there should be a diff