The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-06-16
TYPO DISTRICT
IS NOW ACTIVE
PLANS EXPECTED TO RESULT IN
EARLY PAYMENT OF
DIVIDENDS
NV James F.. O'Brien)

Nevada, which will be traversed
by the new railroad which is to
be built by the Louisiana Consoli-
dated Mining company, shows in
creased activity as the summer ap-
proaches and the roads get into
condition for hauling in necessary
supplies and taking out the ore.
The greatest activity is at the
camp of Tybo where the installation
of much heavy machinery for the
power plants is practically completed
and many of the new buildings and
surface improvements have been
made. The unwatering of the main
shaft is proceeding steadily and
President Trent announces that the
company expects to be mining and
shipping ore from the fourth level
by the 18th of the month.
Col. Thos. l.. Wiswall, who was
one of the first to use the cyanide
process in this country, has started
work on some claims in which he
is interested on Morey Mountain
not far from the old Mercy mine, 80
miles northeast of Typo. This is
in addition to the work he is do
ing on the Keystone group in the
Rattlesnake section.
At the camp of Hamilton work
has been resumed on several more
properties and still more will be
active within the present month. Be-
cause of the heavy rains the roads
have been nearly impossible, which
makes the coming of the rail- DAD
of increasing interest.
r. A. Dean, who has five claims
which he has been developing for
the last 10 summers, has returned
and is hard at work. In n of
his tunnels the whole face is in
ore. but on account of the snow he
is unable to get at this yet, but is
developing another promising show
ing or the property.
Other properties in the silver
belt are owned by Alex. Muir, of
Hamilton and VIM. Reid, of Capt.
tola, Cal. They have a large ton
mage of low-grade silver ore both
on the dumps and in h mines.
Mr.. Reid has already had parties
in looking over his property and it
is expected that active operations
will soon begin.
In the silver-lead section of the
Hamilton district the Nevada Lead
r1tnI &c nnnfrnIlp1 w
the Bambergers of Salt Lake City,
have made arrangements to put 10
men to work on their Ne Plus
Ultra mine. This company ship
ped all last summer. by auto
trucks, but when the snow came
there was still 200 tons in the ore
bin which had to be hauled to
Eureka by big freight teams at a
cost of SIS per ton.
The Nevada Mines. owned by
Carl F.. Muir, will again be a good
shipper this summer. Last year it
was operated by a leaser who made
a profit of $4,000. but this year
Mr.. Muir will work it himself and
take out from 10 to 20 tons a
day.
Edward McEllin also leased his
mine last year, but will follow Mr..
Muir's example and work it him
self this summer, shipping at the
rate Of about 10 tons a day.
A letter which was recently is
sued to the stockholders OF the
Louisiana Consolidated company by
President Walter F.. Trent contains
the following information:
"It has been determined that our
ores can be sorted to great advan-
taoe and. therefore, commencing
about July list, we will mine APP
proximately $50 tons a day from
the fourth level. From this amount
we will sort and ship 40 tons a
day. which we estimate will have
a value of 500 per tom.
owe estimate that our earnings
from shipping ore, commencing
July list, will be at least $500 900
per month, and that during u1o
year commencing July l we will
earn a net profit of 5000. 900.
"All of the work of eQuipping
and starting the mine On a paying
basis has been accomplished at less
than the estimated cost, and we
anticipate being in a position to
announce the first dividend by Dc
tOber LIST of this year"
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