The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-09-29
T0NOPAH DEVELOPMENTS
SET FORTH IN REPORTS

1880 tons. h Jim Butler 75O tons,
the West End $50 tons, the Montana
II tons, the Rescue 191 tons, the
North Star 81 tons. the Midway "a
tons. miscellaneous 5S and the Cash
Boy 40 tons, making the total pro-
duction for the week 1888 tons, the
estimated value being $164,290.
This valuation is calculated on the
gross milling value of the ore.
The Tonopah Mining company re-
ports an increase in earnings of APP
proximately 16 per cent over those of
the preceding month. The advance
in silver, which made a e high
record of s1.OSk during the week,
is the direct cause for the splendid
showings that the Tonopah mines
are now making. In addition to the
reserves of milling ore hat each pro-
ducing mine in Tonopah possesses,
there are immense quantities that
| were not susceptible of milling treat
ment when silver was quoted at the
average prices of the past 10 or 15
years; and every company is 10
taking advantage of the increment in
the price of silver to reduce ores
that formerly were thrown on the
dump to await the time when silver
should advance sufficiently to allow
of their treatment.
The last two months have seen
the fulfillment of the prophecies and
the realization of the hopes of silver
operators. The p~rolongation of the
life of working mines and the open
ing up of older properties are among
the benefits derived from the in
creased price of silver, and constitute
a guarantee that for many years the
state of Nevada will experience pros
perity such as it has not known since
the bonanza days of the old Com
stock.
The report of mill operations for
the week ending Sept. Is shows
that an average of 60 stamps were
kept dropping and that 200 tons of
ore of the average value of $12 were
put through the mill.
A greater amount of development
work was recorded in the Silver Top
workings than was registered during
the preceding week, the comparative
figures being GA feet last week and
1876 feet in the week covered by the
present report. In the Mizpah claim,
however, only about half the amount
of development work reported last
week was performed, the footage be-
ing 20, and Is for the preceding and
present week. The totals for the
two weeks were respectively SO feet
for the week ending Sept. 8 and ISL
for the week just ended.
TOnOpah Belmont
Clyde A. Heller, president of the
Tonopah Jim Butler Mining COM
pany, on his arrival in Tonopah on
Thursday, caused announcement to
be made of several important trans
actions with relation to the opera
tons of the Belmont company.
The first and most important of
these, from the standpoint of future
operations of the company, Is the
purchase of several new properties
in Colorado, which were formerly
owned by the Wagner Brothers, min
ing men of national reputation. The
Belmont company has taken over
three mines, ituate near Telluride,
Colo, known as the Alta, the st.
Louis and the Palmyra, and the
properties cover an enormous acre
age.
A mill is being installed by the
Belmont company to treat the big
tonnages of ore hat have already
been developed. The Belmont COM
pany, when the final payment due
under the agreement shall have been
paid, will own rs pr cent of the
stock of the new company, which is
to be known as the ACKNOWLEDGMENT
Mining company, and the Wagner
brothers will retain the balance of
the stock, or rs per cent. The first
payment has already been made, and
the second and third payments are
due in 80 and 60 days, respectively.
The mines have immense tonnages OF
and lead, in sight, which will be
treated by means of the JOnes-Bel-
mont flotation process.
With the acquisition of the new
properties, the Belmont will soon
have a chain of four producing prop
critics. Two of these, the local mine
and that at Surf Inlet, B.. c., are
now running on ores from the re-
| spective mines, and within a short
time the Eagle-Shawmut in Califor-
mia and the new properties in Colo
RADIO will have commenced the ex-
traction and treatment Of ore. All
of the properties mentioned evince
signs of long life and the Belmont
company's stockholders and those as
sociated with the company at each of