The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-09-02

tension 1900 tons, the Jim Butler
the Rescue 204 tons, the Halifax
155 tons, the Midway As tons, AMI
miscellaneous leasers 10 tons, max
ing the total production for the
week 1915 tons, the estimated value
being $186,568. This valuation is
calculated on the gross milling value
of the Ore
The Tonopah Mining company
during the early days of the present
week shipped to the smelters a to-
tai of 33 bars of bullion, which,
according to the estimates placed
upon it by the company, is valued
at $49,425.
Conditions at the local property
are reported to be as satisfactory
as usual, with a notable showing
having beer disclosed as a result of
the weeks work. This occurred On
the 640-foot level of the Silver TOD
section of the mine, where two cross
cuts were recently started in an
endeavor t. find the extension of
the South vein.
The first cross-cut, lying just west
of the shaft, is still engaged in pros
pecting for the vein, but the second
cross-cut, which was started last
week at a point further west of the
shaft, has intersected the vein. AT
the point where cut, the vein has
a width of 8 feet and bears very
good values. The vein is dipping
to the south, retaining that char
acteristic in conformity with the
main part of the vein which was
worked some time Ago..
1t is therefore believed that this
is the downward extension of The
South vein. 1t differs in character,
however, from the vein on the $40
foot level. At the lower depth.
the vein contains more sulphides
than on the upper level, at which
point the oxides in the vein pre-
dominate.
No reports have been received
lately from the outside properties
eff the company. other than the us
ual general report of progress. 1t
is therefore assumed that the con
struction operations on the milling
plant at the Eden Mining company
in Nicaragua are making Roadway.
With regard to the placers which
the company is operating at Breck-
!. enridge, Colorado, late reports stale
Pthat the dredgers are operating at
full capacity and that the regular
melts and shipments are being made,
these taking place three times each
month.
The report of mill operations of
the Tonopah Mining company for
the week ending August oath, shows
that an average of GA stamps were
kept dropping and that 213O tons
of ore were put through the mill
The ore had an average value of
SIS per ton.
TOnOpah-B Belmont
The cleanup at the Tonopah Bel
mont Development company's mill
for the first half of August result
ed in the making of the following
respective shipments: From Tono-
pah, SO bars weighing 1920 oun-
ces; from Millers, 20 bars weighing
51,24S ounces. The total weight of
the bullion shipped was 15O,478
ounces, and, figuring the contents
OF the bars at 80 cents per ounce,
the estimated valuation of the ship
ment is $12O,3S2.40.
Though this shipment fell some
what short of the preceding one, in
point of value, the bullion in the
shipment made about two weeks
ago having amounted to nearly
STAT, 600, it satisfactorily maintains
the reputation of the Belmont mine
as a producer of the first class. At
the end of each month during the
present year, with the exception of
January, profits that run well over
the 100000 mark have been re-
ported by the company.
The earnings as shown have been
more than ample to satisfy the
present dividend requirement, which
is at the rate of 12R cents per
share on a million and a half CAPT
talization; as a matter of fact and
of record, the Belmont company
could very nearly double it's dividend
disbursements. if it felt so inclined.
The earnings for the month of May,
June and July have amounted to
about $35O,0OO.
President Clyde A. Heller and
General Manager Frederick Brad
shaw, after visiting the Surf Inlet
mine, arrived in Tonopah early this
week. Mr.. Heller put in several
days going through the big plant of
the company in Tonopah and also
J visited the Bull Moose property in
southern Nevada before leaving for