The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-08-25
TONOPAH DEVELOPMENTS
SET FORTH IN REPORTS

WV NOAof
$3.50 tons, the Jim Butler 700 tom
the West End $50 tons, the Rescue
12S tons, the Montana So tons, the
North Star 50 tons, the Halifax 81
tons and the Cash Boy 105 tons
making the total production for the
week 1899 tons. the estimated value
being $161,9S2. This valuation is
calculated on the gross milling value.
OF the ore.
Another good shipment has been
made from the Desert mill at Millers
resulting from the treatment of the
Tonopah Mining company's ores foI
the first half of August. The mill
consigned to the smelters 80 bars of
gold-silver bullion, of average
weight. upon which a valuation Of
S52.125 has been placed by the com
pany.
The quarterly report recently sent
to the stockholders with the checks;
covering dividend No. AS shows the
company to have greatly increased
its earning power over previous
quarters of the two years preceding
1917. The gross value of the prod
uct of the mine was less than 80 pei
cen over the quarter ending March
81. but the decrease in metal losses
marketing. etc, n exploration ex-
pense finally resulted in net earn
ings of at least So per cent above
those of the preceding quarter.
Announcement was made this week
by the Tonopah Mining company that
instructions had been received from
its home office to discontinue oper-
atoms on the Mizpah Extension com
pany's property. which lies east an!
north of the Belmont and the Hall
fax mines. Whether the suspension
is permanent or only temporary
could not be learned. The Tonopab
Mining company has had an option
on the property for nearly three
years and has been prosecuting de-
velopment work at different levels iI
the Mizpah Extension ground. In
1916 a vein was discovered and
SuIpIlenlS we're lHdUt lIOul tic DlOD
erty over a considerable period.
The other properties of the com
pany, however, the Tonopah Placers.
company ground, at Breckenridge
Colorado, and the Eden Mining com
pany plant at Nicaragua, are report,
ed to be flourishing.
The report of mill operations for
the week ending Aug. II shows that
an average of 60 stamps were kept
dropping and that 1890 tons of ore
of the average value of SIS, were
put through the mill.
TOnOpah Belmont
The Belmont company. with an i'm
mense amount of silver in storage
hat is being carried on the COM
pany's books at so cents per ounce
is in position now to reap the bene-
fit of the wise policy adopted by the
board Of directors when the price OF
silver declined to that price of on
serving their silver output until q
firmer market should be established
The company's report of develop
ment operations and mining work
does not show that n eXtraordi-
nary changes have occurred, the US
ual work being in progress both as tC
the matter of production as well as
in connection with opening W
ground on the several levels.
At the Belmont shaft, on the in
termediate level above the 70O-foOt
main level, the west drift from raise
2, which, after encountering a faul,
on the south vein, was turned into
a croSs-cut running toward the
south for the purpose of picking up
the faulted segment of the vein, ha.
succeeded in it's purpose and has re
covered the other portion of sn'
vein. Quite a satisfactory width
has been developed since the vei;
was picked III again, as compared
with the average width shown be
fore the fault interviewed
The ore shown at the pojn. ~hcr-
it was recovered is four fee. in
width with no hanging wall III sight
as yet, and contains very 5000
values, and development WORK VIII
be extended along the vein as rapidly
as possible ate the full width OF
the vein has been 1etac'2' iH
JonOp "a ENr"nsi0n
That conditions If the TOnopat
Extension Mining company are Icing
maintained at nuimal is demonstrate
ed by the week; reports of the CON,
pany showing that practically thu
same tonnages az being extracted
from the big Slopes on the Murray
the Merger and he . X. veins, q
several levels, aud that he hi-weeKly
clean-ups are res l..ing in IA sure hut
gradual increase in the "aluc Of the
product of the mine.
The latest shipment, which went
fo.,-orb oorlr in tho month ofta- the