The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-11-04
TONOPAH DEVELOPMENTS
SET FORTH IN REPORTS

psny. the regular statement of the
Toncpah Mining company of Ne
vada and the Desert Power & Mill
company, showing the combined in
come and surplus account for the
quarter ending August 31st, 1915.
The net earnings of the company
for the quarter amounted to s97,-
V47.95, which, together with mis-
cellaneous income of S14O,97O l.,
made a total of S~13S,O1S.1O.
Out of this sum-, there was do
Quoted for exploration expense the
sum of $15,305.17. making the total
net income for the quarter si22,-
1928. This, added to the amount
due the company from the placer
OF erations at Breckenridge for the
same period, that is, the sum of
S44 GOAT. being SO IA per cen.
Of the total earnings of the Tono
an Placers COMPANY. constitutes 4
lar quarterly dividend and still
leave a substantial surplus.
The company shipped on the 22nd
instant from its milling plant at
millers SO bars of gold-silver bull
Ion, having a total estimated valua-
ton of $4,000.
The report o. mill operations for
the week ending October 2lst,
shows that an average of Ga STAMPS
were kept dropping and that 1890
tons of ore were put through the
mill. The ore had an average value
of $15 per ton.
With regard to development OBJ
erations at the main property of
the company, the report of footages
accomplished states that quite an
additional amount of work has been
performed at the Sand Grass claim
IS compared with the week pre-
Nious, when operations with the
Red Plume hoist in commission at
the head of the shaft were resumed.
Jim Butler Mine
Figures as given out by the man
agement show that SO bars of bull
lion, weighing $500 ounces, we're
shipped on Tuesday last. Upon the
basis of 80 cents per ounce, the bull
lion shipped is worth ~$44,689.6O.
Development operations at the
Desert Queen and the WANDERING
Boy sections of the mine are NOV
ing along in the usual gratifying
hammer. In several places in both
sections, improvements are noted in
the working faces. and at the same
time the prospecting work that is
being done in the big blocks of
trachyte are commencing to show
encouraging indications. For in
stance, in W places at the Desert
Queen part of the mine, on the 9Th
level, the cross-cuts are encountering
small stringers, some of which are
CT attractive appearance and carry
some values. The favorable indica-
tons reflect great credit upon the
ability and skill of the management
in SO diligently prosecuting it's eff
forts towards the locating and de-
Neloping of new orebodies.
Hal ax-TOnOpah
Conditions at the %17OO-foot, Or
bottom level of the Halifax-Tonopah
property, nave improved to a great
extent. SO much so that during the
past week, with only one shift work
ing in the face of the cross-cut which
is being u towards the east, a
total advance of 81 feet was made.
This cross-cut is being driven in the
direction mentioned with a view to
prospecting the property clear to its
eastern boundaries. Last week a
15-inch stringer was encountered
and cut by the east cross-cut, and
this week another quartz stringeI
was intersected, The last stringar,
Ike the IL cut in the previous
week, shows some values.
The weekly reports of the NORTH
Star as furnished by Superinten.
dent Lowe, continue to show con.
ditions hat are most gratifying tC
the management as we'll as to the
stockholders of the company. The
bright feature of the report covering
the past weeks operations relates
to the progress made in the mair
cross-cut on the 1O5O-foot level
Work was pushed ahead v~igorousl,
in this working. and during the
week the Mizpah fault was passed
through. On the other side Of
the fault, which is the hanging
wall side. a large block of trachytt
has been found.
West End Consolidated
That excellent progress is being
made in the process of retimberins
the old Ohio shaft in the western
portion of the West End Consoli
dated, is illustrated by the report
issued by the management GOVERN,
the operations for the past week
To date, there has been $50 fee
of the shaft retimbered consider