The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-09-04

dredging boats. AS the Tonopah
Placers company is known to be
working three dredge boats stead
lily, it follows that the bulk of the
gold that was shipped during the
first two weeks in August, will be
eventually paid to the stockholders
of the Tonopah Mining company.
At the Mizpah mine of the Tono-
pam company, a block of ore was
found just below the 500 level dur
ing the week, the presence of which
was unsupported. This block of ore
was opened up by a raise which was
recently started from an old inter
intermediate drift on the Mizpah
vein just below the level, and it is
probable that it lies between two
faults. Later development will de-
termine how extensive the ore is, but
it will doubtless add a considera-
BILE tonnage to the output. Timber
ing and filling continues on the
stope on the Mizpah vein, west OF
the shaft, while the average amount
of good ore was drawn from the
caved stope east of the shaft.
Belmont
At a special meeting of the board
of directors of the Tonopah Belmont
Development company, held at the
offices of the company yesterday in
Philadelphia, the regular quarterly
dividend of IL 1-2c was declared,
which is payable on Oct. 1, to stock
holders of record on Sept. Is. The
books of the company will close on
Sept. Is and reopen on Sept. %.
This is the twenty-fifth quarterly
dividend to be paid by the Belmont
company and when it will have been
paid it will make a grand total of
$7.643,01O that has been returned
to stockholders in the way of divi-
dends.
Perhaps the most notable improve
ment that occurred during the week
as a result of the development work
at the Belmont mine was in raise Ga
off west stope IS on the Rhyolite
vein on the 100 level. Not only did
the grade of the ore very material
ly improve in this raise but tho
width of the ore increased so per
cent. In the intermediate east drift
on the Mizpah fault vein on the same
level, there is a decrease of one foot
in the width of the orebody, but the
grade still remains good. The inter-
mediate west drift off the west stope
on the footwall branch of the Bel
mont vein is looking splendid, with
a full face of a good grade of ore
showing.
There are but two pieces Of de-
velopment work in progress on the
500 level, where east drift $50 is still
following broken low grade quartz
and the northeast crosscut S31 which
is going out to cut the Rhyolite vein,
is in Mizpah trachyte.
Jim Butler
The south branch of the south
vein has been opened up in a new
place on the 700 level of the Desert
Queen shaft of Jim Butler ground,
by raise III which has gone through
a fault and opened up three feet OF
good grade of ore. There are three
branches of the south vein and be-
tween them all thuy furnish a good
tonnage for the mill. West drifts
704 and 706 have been temporarily
stopped, but the other pieces of de-
velopment on this level have been
going ahead as usual without change
noted.
On the 500 level north crosscut
500 and south crosscut 500 which
are prospecting the %trachyte, made
good progress without encounter
ing ANYTHING of value. South cross
cut 5O4 and the southcrosscut off
raise sol have been temporarily dis
continued.
A new west drift has been started
on the 600 level and it is following
some fair grade ore under the
Stone cabin fault. The other pieces
of development work or this level
show no particular change. The same
is true Oh Tie IdISc vi tHt cOO ICNCA,
which is the only development work
~oing on there.
Midway
Having reached a depth where 1t
is believed that the two veins which
were gone through in the new Mid
way shaft. between the 1900 end
1900 levels. have Joined together in
q solid formation, the management
is now having a station cut at the
1880 level. From this point a ross
cut to the north will be run until The
combined vein has been encountered
and future developments will be de-
termined from the results found
there.
Were there nothing to go or but
what has already been found in the
Midway ground, there would be
cnIendid encouragement for the de-
velonment under way. but when one