The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-12-09

ICnOpan Mln.HS EVVO toho' thO
Toaopah Extension 25SI tons, t."
Jim Butler 1850 tons, :.Ia Yves,
End SIP tons, the Rescue 256 tons,
the Halifax 161 tons, the Montana
z44 tons, and the MacNamara "a
tons, making the total production
for the week 9747 tons, the esti-
mated value being $191,3S6. This
valuation is calculated on the gross
milling value of the ore.
News of the most encouraging
nature for the stockholders OF the
Tonopah Mining company of Ne
yada has been received from j. Il.
Spur, vice-president and advising
engineer of the company, who ar
rived in Tonopah about a week ago
and after making a tour of the
company's properties in Tonopa1
departed yesterday for the east, via
Breckenridge, Colorado, where he
will make a visit of inspection OF
the workings of the Tonopah Plac-
ers company, which has three
dredgers operating in the creeks in
ln6 NlClulJy VI oiCChChii
While in Tonopah, Mr.. Spur not
only visited the underground work
ings at the Silver Top, Mizpah,
Sandgrass and other portions of the
main property in Tonopah, but also,
on Thanksgiving day, inspected the
prospecting work which is beirg
done by the Tonopah Mining COM
pany in the Mizpah Extension
ground on the 114O and 1300-foot
levels, an option on which last
named property is now held by the
Tonopah Mining company.
The favorable information receiv-
ed from Mr.. Spur concerns the flu
ture of the company and relates
to the progress that is being made
at the Eden Mining company's
property in Nicaragua, in which
the Tonopah Mining com
pany holds $4,000 shares of stock.
The most important work con-
templated at the main local pro-
perty of the company is the sinking
of the Sandgrass to further depths.
Everything is in readiness to COM
rlence this work, but unfortunately
operations are being held back by
the non-arrival of some equipment
which is necessary before the sink
ing operations can be started. me
Shaft has been ,timbered completely,
and as soon as the requisite equip
ment has been received this Work
iii .o-r;ol foruyord with Orpaf
impetus.
The report of mill operations of
the Tonopah Mining company for
the week ending November 25th,
shows that an average Of 60 stamps
were kept dropping and that 100
tons of ore were put through the
mill. The ore had an average value
of ST per ton.
Development operations were con-
tinued at the several sections of the
mine at which more than the rate
of speed shown during the preced-
ing week.
TOnOpah Extension
The information that the board
of directors of the TonOpah Extern
sion Mining company had, early
this week, met and declared a divi-
dend on the outstanding stock of
the corporation, was wired to Tone
pah. The dividend is at the rate of
Is cents per share on the 1,282,SO1
shares of issued stock, and makes
the third dividend at this rate de-
clared by the Extension.
Added to the 10-cent dividend
paid in March of this year. the total
disbursement to the stockholders
OF the Extension company during
1916 has amounted to $7O1,540.45
Prior to the present year, the COM
pany had declared and paid divi-
dends aggregating $1,082,573, so
the grand total of the payments to
the stockholders in the form of divi-
dends has amounted to ~$1,7S4,113,-
As.
According to the latest reported
figures, the company still has IT.
1919 shares of stock remaining in
it's treasury, and it is reported that
II also has a large cash reserve.
The usual striking features of
the succeeding weekly reports are
contained in the zone made this
week by the management. Stopping
on the Murray and Merger veins,
which in several places shows widths
of ~, IA and is feet, is going OF
continuously. the or~ebodies being OF
such size in some of the STOPPING
areas that square-setting is ~resorted
tc in order that the full width OF
the vein may be opened up. Sink
ing of the Victor shaft has been
suspended for the present. owing to
the fact that some repair work has
been found necessary in the shaft.
The footages for the week at the
two sections of the nronort