The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-12-02
TONOPAH DEVELOPMENTS
SET FORTH IN REPORTS

Tonopah Extension 1880 tons, the
Jim Butler 1850 tons, the West End
6S7 tons, the Rescue 1SS tons, the
Halifax 210 tons, the Montana 5e
tons, the Midway 60 tons, the Mac
Namara So tons, and miscellaneous
> tons, making the total production
for the week 10,442 tons, the esti-
mated value being S2O3,S96. This
valuation is calculated on the gross
milling value of the ore.
The Tonopah Mining company, on
the 22nd instant, shipped to the
smelters from it's milling plant at
Millers, Nevada, a lot of AZ bars Of
bullion, whose valuation is esti-
mated at $4,000.
The Tonopah Mining company is
n of the companies operating in
Tonopah which has a large amount
of silver jim storage vending the
time when silver should reach
higher levels. All indications point
to a raise such as was witnessed
last spring when silver jumped sew
vial POAhto ~ u LII uhIAl II h<iu
passed II cents per ounce, for the
market is reported to be practically
bare of the metal.
Such being the case, many opera
tors are confidently looking for sill
vel to touch at least S5 cents per
ounce by the first of the year, while
others are sanguine that within a
chnrf fimn fhnrnaftnr ci1uar will ha
quoted at $1.00.
The most important event con-
nected with the operations at the
company's main property in Tono-
pah during the past week was the
picking up of the downward ex-
tension of what is known as the
Beta Fault vein, by means of a
raise from southwest crosscut COZ,
located in the Silver Top ground.
During the preceding week, the
raise was started towards the point
where the vein was supposed to be,
such point having been determined
by the surveys and calculations taken
on the level above. 1t was, of
course, impossible to calculate how
LIT the ldlSt "Oulu hdfO " DO Va
tended before the vein was tapped
but it was thought that the ore
body should be encountered within
a short distance above the 64O-
foot level. =
The expectations of the manage
ment were realized during the pre-
sent week, perhaps a little sooner
49, III loo, honoI f0r union tho
raise entered the vein. At the
point where 1t was intersected, the
vein is between 4 and 5 feet wide
ard of very good grade, and future
development work on and along
the vein will undoubtedly demon
strate that an important addition
has been made to the present block
ed-out reserves of ore in the mine.
Tonopah- Belmont
The figures relating to the output
OF the mine and mill plants of the
Tonopah Belmont Development
company, which were not available
at the time The Miner was printed
last week, are given above.
The sustained advance in the
price of silver is probably the most
encouraging feature connected with
the mining industry as related to
the welfare of the Tonopah district.
Every fractional rise insures to the
benefit of the producing mines Of
Tonopah in direct ratio to their out
put, and indirectly it opens the
doors for further opportunities by
inducing capital to inaugurate pros
pecting in the outlying properties
which have been held for years by
those who have maintained their
faith in the future Of Tonopah.
The Belmont company, with its
immense reserves of silver bullion
in storage, is one of the most fortu-
nate among the companies that are
the beneiciaries of higher prices for
the main product of the Tonopah
mines, and is in position to tax
advantage of the enhancement in
value on it's stored surplus of sill
yer wherever it feels so inclined.
The fact that the management still
deems it wise to dispose of only
part of it's silver product indicates
that the officials in charge have the
greatest measure of faith in a much
better market for the metal than
even was shown in May last, when
the price of silver scared within a
few weeks to above IT cents per
ounce. All the reports regarding
conditions in the metal market are
to the effect that the stocks of sill
yer available for immediate use, ex-
cept that which has been stored by
the fa~r-sighted companies, is practi-
cally cleaned up; and as there is
every reason to credit such reports,
it is practically certain that silver
will materially increase in price as
tho dnmand for it grows.