The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-04-08
REVIEW OF MINING
Continued from Page One,


are involved in the process OF crush
ing and grinding. The process is
simple, once the proper mixture OF
oils is determined, and the com
PAM was fortunate in solving this
problem in its early tests, as some
plants have tested many hundreds
of mixtures before arriving at the
proper blend. In March the com
pany's mill treated 10000 IONS OF
ore. with a gross extraction OF
100000 and net earnings of $54,-
900.
Jumbo Extension
The mine is making a better
showing than for some time past
and development work started re-
Gently is meeting with highly en-
~couraging results at several points.
Work is being conducted from the
new Velvet shaft on two levels and
in four directions, to thoroughly
explore the large area Of virgin ter
ritory in the northern part OF the
Velvet claim. On the 1Ol7-1oot
level the east cross-cut, in the
shale, is being advanced rapidly to
connect with the workings of the
Merger Mines company. This will
afford better air and permit of en-
ploying more men in this part OF
the mine. Superintendent Turner
will. as soon as this connection Is
made, proceed to drive raises from
the northeast drift on the 1917
level, to open from this depth up
ward the big assure that extends
into the sbale and in which the
greater part Of the shipping ore
has been stopped during recent
months. Hereafter the company
will enjoy the benefit of materially
reduced marketing rates, which will
effect a saving of at least $4,000
monthly on the ore of medium and
low grade. 1t will be possible here
after to market at a profit all ore
worth owe $40 per ton.
ReOrganized Booth
The Booth company has just de-
clared it's third dividend within a
period of less than two months.
Dividend No. 3 is for 10 cents per
share, payable on April 26 to stock
holders of record April 20 and
makes a total paid of 80 cents per
share, or approximately 100000.
The company still has assets of
great value, including 100000
shares of Merger Mines stock and
100000 shares of Kewanas.
GOldfield Merger Mines
With the main north cross-cut at
a point just east of the Jumbo Ex-
tension workings, in the Sunfiower
claim and within 80 feet of the
boundary, the Merger has arranged
with the Jumbo Extension to con-
meet the workings of the two prop
critics and will benefit greatly from
the better ventilation to be thus
obtained. From all indications the
Merger should penetrate the Jumbo
Extension ore-channel within a short
time, probably within less than 100
feet of additional driving on it's
111O-foot level, and the cross-cut is
being advanced with all possible
speed to reach this point.
Atlanta Mines Co.
The annual meeting of the At
lanta Mines company was held April
4 at Phoenix, Ariz., when the for
mer directorate was reelected, to-
gether with the same officers, in
Guiding George Wingfield, president;
Charles E. Knox. vice-president; A.
IL. Howe, secretary and treasurer.
The annual report is being prepared
and will be issued within a few
days.
Silver Pick Cons.
The Calyx drill is making good
progress from the 700-foot level OF
the Silver Pick mine and the cores
show that the bit is still in dacite.
Interest attaches to this undertake
ing, as the bore is OH the foot-wan
side of the main lode of the district.
Encouraging results have already
been obtained and it is planned to
sink at least 1900 feet.