The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-08-26

IS0V OBo NhO 1OhOPoh
1900 tons, the Jim Butler $50 tons,
the West End S2S tons, the Rescue
$50 tons, the Halifax 1919 tons, the
North Star So tons, and the Mid
way 81 tons, making the total pro-
duction for the week 9257 tons, the
estimated value being S192.706.
This valuation is calculated on the
gross milling value of the ore.
The Tonopah Mining company, in
its report of net earning for the
month of July, shows that a profit
OF S26,763 was made during that
period. Though this amount is still
far below normal, yet a substantial
increase is shown over the earnings
as reported for June, which were
s19.95O.
A comparison of the previous
statement of earnings with that for
July establishes that while the tom
mage of ore milled was less by over
1000 tons during July, and a small
er amount of gold-silver bullion
was produced, yet the profits were
greater by nearly $1,000. This
increase is not wholly accounted for
by the greater value of the ore per
ton, as the average was only AZ
cents per ton higher than that of
the ore milled in June.
In addition to the returns derived
from the production and treatment
operations at the mine and mill, the
Tonopah Mining company is also
practically assured of a considerable
addition to it's income through the
working of it's dredgers at the
Breckenridge placer fields. the To-
nopah Placers company having re-
ported earnings for the quarter end
ing May 31st, 1916, of ~$39,544.46.
The Tonopah Mining company
owns 83A per cen of the placers
company, and inasmuch as the
second quarter of each year has in
variably been more profitable than
the first three months of operations
there should be shown a substantial
increase over the above figures,
which represent the profits for The
first quarter of this year.
The total net earnings of the
company are undoubtedly affected
by the extensive exploration work
which it is doing. At the same
time, heavy advances have been
made to it's subsidiary concerns for
the prosecution of development and
construction work. Within the nea
future, at least one of the sub
J salaries, the Eden Mining company,
at Nicaragua. should be in a posi-
ton to return the advances made
and to supply handsome profits from
it's operations.
TonOpah Extension
In line with the plans of the man
agement of the Tonopah Extension
Mining company, which were so
FULLY set forth by Dr.. M. r. Ward,
president of the company, on the
occasion of his last visit to Tono-
pah, the development operations
are being rapidly extended in the
Victor portion of the mine at the
present deepest workings.
While no new work was started
on the 1540-foot level during the
past week, a considerably greater
footage was made in the process of
extending the three workings that
are being projected for the purpose
of exploring and developing the pro-
perty at the Victor portion of the
mine.
The report as made by the mine
superintendent for the past week
states that all the ore broken in
the Murray vein at the 1440-fOot
level is now being handled through
the Victor shaft, at the top of which
the ore, after being sorted and
crushed. is carried by electric tram
way directly to the mill, which at
the present time is treating 2200
tons per week. Slightly more than
half of this amount is understood
to be coming through the Victor
shaft. The bins and chutes on the
lower level are kept chOck-full of
the ore extracted from the stope
workings, and in turn the bins at
the surface are receiving a steady
stream of sorted ore.
The developments which are be
ing undertaken on this level con
sist of the driving of a drift to
the westward on the Murray vein,
which is constantly breaking down
a good grade of ore; the putting
up of a raise, which is also making
good Roadway on a splendid quality
of ore; and the rapid extension of
the crosscut which is being extended
towards the vertical plane of the
boundary line separating the Exten-
sion company's estate and the pro-
,perty of the After All Mines COM
pany-in fact, during the past week
. a total footage of &c feet was made
in pushing out this cross-cut.
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