The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-12-23

M mn 1SAASf
shining 2OOO tons, the Tonopah En-
tension $3.50 tons, the Jim Butler
$40 tons. the West End 633 tons,
the Rescue PSI tons, the Halifax
15S tons, the Montana 90 tons, The
NacNamara SO tons. and the MID
way 60 tons, makiuS the total pro-
duction for the week S95S tols,
the estimated value being ~s177,1S2.
This valuation is calculated on the
gross milling value of the ore.
With the exception of the infoi-
nation which. belatediy, has been
received in Tonopah to the effect
ira tie board of directors OF
tie loncpah Belmont Development
company at their last meeting in
tire east had declared the usual
quarterly dividend of 12h cents
per share, the most important fea-
ture of the reports for the present,
as well as for the past few weeks,
has been the steady and gratifying
development of what is known as
the Rescue vein on the 10th and
18th levels.
This vein has been in the pro-
cess of development for many
weeks. and from a low-grade ore
showing. as it was when first en-
countered, has constantly improved
from week to week until now, at
the extreme eastern end of the drift
which is advancing on the ore
body at the 1000-foot depth the
vein is described as being of good
grade.
Also on the 1100-foot level, the
vein has beer picked up by means
of a cross-cut, and while it has
Just entered the vein and has not
penetrated sufficiently far to deter
mine exactly its width, the dis
closures are of an extent to war
rant the assumption that the dis
covery is one of the most import
ant made in recent times in the
Belmont mine.
The latest dividend declared by
the Belmont company is No. so,
and calls for the distribution on
January 2nd, 1917, of S1S7,5O0,
which will bring the total dividends
OF the company, since it commenced
10 make returns to its stockhold-
ers. up to $S,5S1,122.
On the 600-foot level north cross
cut 563 from east drift $50, cut
about 2 feet of fair ore in the hang
ing-wall of the South vein, after a
distance of Is feet had been made
in trachyte. South cross-cut 564
from $50 east drift is still going
ahead prospecting in the foot-wall
of the South vein, and at present
is in trachyte.
On the 70O-foot level, 716 south
east cross-cut from the 7O3 easi
drift, which is prospecting for q
faulted segment of the Rhyolite
vein, in the hanging-wall side of
the Belmont vein, is also cutting
through trachyte.
Tonopah Mining Company
The manner in which the Tono-
pah Mining company continues to
uphold it's reputation as a produ-
Ger, despite the fact that during its
existence of 16 years, without a
let-up, it has stopped, extracted and
shipped to the smelters and to it's
own mill the greatest amount of ore
taken out of any mines in TonOpah,
is eXemplified by the latest consign-
n,ent of bullion from the company's
big reduction plant at Millers. This
shipment, which occurred on Decent
Der 8th and which resulted from
the cleanup for the final period
in November, consisted of So bars,
and has an estimated valuation,
placed upon it by the local officials
of the company, of $4,000.
This is much the most valuable
shipment hiatt has been made from
the milling plant for some weeks
and is cOrroborative of the records
issued from week to week of the
growing volume and worth of the
ore developments which have beer
and are still being made under the
careful management of the COM
pany's property by the present Off
GERS of the corporation. The BIZ
weekly shipments for the past six
months have ranged from around
$4,000 to $4,000. April 29th, a
substantial reduction in the costs
per ton of ore milled was recorded,
should be sufficient indication that
the flow sheet has been watched
With equal scrutiny during the pre-
sent fiscal year of the company.
News regarding the outside pro-
perties of the company continues to
be of the most satisfactory nature.
From Breckenridge, Colorado, it is
reported that regular consignments
of gold bars are going forward to
the mint at Denver, the output not
having been decreased by reason
of the setting in Of the winter sea-