The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-03-04

pah Development company sent to
tie mill 301S tons, the Tonopah
Mining company 1925 tons, the To-
NOAH Extension 1900 tons, the
West End SAT tons, the Jim But
To- $50 tons, the Midway 1O7 tom,
the Halifax 100 tons, the Montana
11p tons. and the North Star 90
tons, making the total production
for the week S307 tons of an e;t.-
L,ated value of $174,7S6.
The report of mill operations on
the Tonopah Mining company for
the week ending Feb. 10, show that
an average of so stamps were kept
dropping and that 1850 tons of ore
were put through the mill, The
ore maintaining an average of SIS
per ton.
The development work which is
being undertaken in the mine, how
ever, goes on in the usual satisfac-
tory manner regardless of what IS
happening q. the milling plant. The
record this week of footage ac-
complished shows that at the Sill
yer Top workings la feet of neW
ground was broken in develop
ment work, and in the Red Plume
IL feet. In the Sand Grass more
than the usual activity was eXhib-
tied and as a result 101 feet were
added to the large total of de-
Nelcpment work made in this Sec
tior OF the property. The total
amount of new work was 262 feet.
In the Silver Top territory, as
has been the case for the several
weeks preceding, no work other
than stopping has occurred on the
$40 level. The vein which is fur
nishing the tonnage, the south dip
ping vein, continues to hold It's
width of three feet and the custo-
mary extraction was made of good
milling grade ore.
On the 440 level, in addition 20
the regular stopping operations
some new development work was
started. a drift has been projected
in an easterly direction from the
main cross-cut west of the shaft
{ LII ID VII - WV VI Wv
grade quartz with promising indica-
tons.
The vein on this level furnished
Il good tonnage from four feet OF
milling grade ore, this stope being
located west of the shaft.
On the $40 level conditions were
satisfactorily maintained during the
F p,sarntinnc nf tho unok The wp.t
drift on the south dipping vein, 10
the west of the shaft, was contiu-
ued and usual progress was made
in extending the face of the drift.
Tie quality of ore is still shown
to be of good milling grade and
the drift continued on the three
foot face reported heretofore.
Tonopah Belmont
T~elegraphic information was re-
ceived at Tonopah Feb. "a to the
effec that on that date the board
of directors of the company, at rs
meeting, held in Philadelphia, lie
Glaze ed a dividend of II Zee a share,
record on March Is. The books Of
the company will close on March
Is and will be reopened on March
%.
This makes 27 dividends that the
company will have paid. At the
rate specified ~$1S7,500 will be dis
burGed to the stockholders ON April
l.. The grand total of dividends
paid by the company, including its
frsy and the twenty-seventh, is now
cveI the 100000 mark.
The fiscal year of the company is
drawing to it's close, and the ex-
celient standard of production is
still being maintained as strogl,
as ever. The bullion shipmests for
the first two weeks in February
were made from Millers ON Feb. IS
anc from Tonopah the following
day. Twenty-eight were shipped
from Millers. of an estimated value
of $25,6O4.6O. The shipment fro,c
the mill at Tonopah comprised 50
bars. This shipment has an esti-
mated value of $~S1,746.7O. The az
gregate value of the shipments make
a very splendid addition to the
earnings of the company for the
period mentioned.
TOnOpah Extension
The Tonopah Extension company
reports the shipment of 40 bars
of bullion weighing COILS pounds
and valued at $4,000. The GX-
tension company increased it's divi-
dend rate from 7hc to 10c a share.
The company has already paid ST.
OS2.573 to it's shareholders on out
standing shares, and this latest div
idend will add "$127,2S0 to those
figures. making when paid, a total
dividend payment by the company
of S1,209,S53.
There is every expectation that