The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-10-07

TONOPAH DEVELOPMENTS
SET FORTH IN REPORTS

mill 1858 tons during the week,
the Tonopah Mining 100 tons, the
Tonopah Extension 1900 tons, the
jim Butler 1900 tons, the West
End 656 tons, the Rescue PIP tons,
the Midway % tons, the Halifax
PIP tons, the Montana SO cons, md
miscellaneous 80 tons. making the
total production for the week 939S
tons, the estimated value being
s195,O44. This valuation is cal
culated on the gross milling value
of the ore.
The Tonopah Extension Mining
company reports as it's net earnings
for the month of August the sum of
S64,506. While these are somewhat
lower than those reported for July
there is every probability hat sue
ceeding months will report sustain
ed increases, for silver is again on
the upward trend, having passed 60
cents during the week.
In the financial world, nearly
every expert on political economy
has of late been quoted as being ex-
tremely bullish on silver. From their
standpoint, as we'll as that of all
those engaged or interested in the
Industry, there is nothing to keep
it down-rather, on the other hand
every influence and condition exist
to make for greatly enhanced
prices for this metal.
Operations at the mine progress
&c on the same favorable showings
in the drifts and raises that have
been reported heretofore, while pros
pecting and development work in
the workings designed for such pur-
poses continued at the same rate
OF speed as usual. There has been
no let-up in the work of extracting
the ore from the immense slopes
on the Murray, North Merger and
O. X. veins, and the regular ton
nages we're produced and SEN to
the mill for treatment.
The footage record for the week
was slightly better than that of the
previous week, which, according to
the report n ade at that time, was
297 feet. In the past week, there
was lat feet of development work
performed at the workings contigu-
Gus to the No. 2 shaft, and at the
Victor workings 155 feet Of new
ground was broken, making a total
accomplishment of 3O2 feet of de-
velopment work.
At the No. 2 shaft, on the $50
OF level, production work from
stope 923 was carried on regularly,
with conditions much the same as
have been reported for many weeks.
The vein which is being worked
still carries a width of 3 feet, all
the ore going to the mill as Of good
milling grade.
TOnOpah Mining Company
The Tonopah Mining company
shipped during the latter days of
last week n lot of bullion from
it's milling plant at Millers. This
shipment consisted of 80 bars, re-
presenting the cleanup for the first
is valued at $4,000.
Although not quite up to the
amount of the preceding shipment,
which had an estimated valuation
of $3.50, it betokens a better con-
dition at the company's property
than had prevailed during the spring
of this ear The regular weekly
report of operations al the Desert
Power & Milling company's plant at
MillerS has shown substantial bet
erment in recent weeks, not alone
as to the tonnage put through the
mill which of course keeps more
stamps dropping, but also as to the
grade of the ore which has been
treated.
For the past two months the grade
of ore which has been produced
from the mine and shipped to the
mill for treatment has shown a
steady increase in values, running
during the two weeks preceding the
issuance of the present report at
the rate of $40 per ton.
A continuation of such values
will result in greatly increased pro-
Ilts TOT the MIMI company, since
the total costs of mining and mill
ing, as shown in the last annual
report of the company, were but
$7.73 per ton. This would leave a
net of something over $11 per ton,
which, if maintained, will reinstate
the original mine of Tonopah among
the leaders of Tonopah properties.
The reports received from the
outside properties controlled by the
Tonopah Mining company are of the
same satisfactory nature as have
been published from time to time
in these columns. The Tonopah
Placers company, operating at
breckenridge. Colorado, five-sixths
which stock is owned by the
As