The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-03-10
TONOPAH DEVELOPMENTS
SET FORTH IN REPORTS

vein from this level, where a 3-foot
width is supplying the usual ton
nages for the mill.
On the 1900 level, the west
intermediate drift made the usual
progress on 2 to 8 feet of quartz.
AS the face of the drift advances,
good values are occasionally found,
but these are too spotted at present
to be of commercial Importance.
The report of mill operations for
the week ending February "a shows
that an average of ga stamps were
kept dropping and that 2100 tons
of ore we're mills, averaging $11.50
in value.
White Caps
Big as the White Caps mine was
known to be on the three levels
above the newest horizontal, there
never was any indication that at
depths the orebodies would increase
in richness as we'll as in dimensions
until the crosscut which was started
from the bottom level of the shaft
encountered the vein at a distance
considerably nearer the shaft than
had been anticipated. To this fact
is the recent sensational advance of
the stock from around 40 cents a
over a dollar, on the exchanges of
the country, ascribed; with every
probability existing that the shares
will go considerably higher, at once
as we'll as in the deferred future,
when developments have a~scertained
that the other o%rebodies encoun-
tered on the 300-foot level go down
to the 435-foot level, creating backs
of over 15O-foot additional to those
already demonstrated.
According to all reports, there is
considerable squirming now on the
part of traders who in their temerity
refused to be convinced of the
genuineness of the strike and who
have persistently sold the stock in
The face of a rising market. In their
efforts to bear the stock, many
rumors are being spread. One is
to the effect hat the ore cannot be
treated at a profit. This, however,
can be readily disposed of through
the knowledge that the ore broken
down in the deeper development
work is rich enough to ship from
Manhattan to Tonopah by truck,
thence to the shelters, pay for pro-
duction, transportation and treat
ment, and still return a net profit
hat is considerably above the aver
age gross values of ordinary ores.
There is also a feeble claim heard
that an apex may be found outside
of the White Caps boundaries, but
this m is not nearly so we'll de-
fined as the first mentioned. AS to
this last mentioned proposition, all
the physical and typographical con-
ditions are against such a SUPPOSE
ton.
The crosscut driven towards the
east from the bottom of the shaft,
after ~encountering the ore about
two weeks ago, is now in a distance
OF 40 feet, running at right angles
across the ledge. On the footwall
side of the vein, a drift has been
started, which in the past week has
advanced Is feet. The management
is reluctant to give out assays at the
present time, and confines its report
by stating that the ore will average
better than $50 per ton. Both of
these workings serve to block out a
big tonnage of ore, and while the
extraordinary values are not eX-
pected, in reason, to continue at the
high mark thus far shown, the de-
velopments to date prove the White
Caps mine to be superior to any in
the United States at the present
time.
The formation has been deter
mined by biologists. With a contact
between lime and shale, having an
alaskite base, demonstrated by its
cropping several miles from Man.
haitian to be a considerable distance
below the present bottom level of
the White Caps mine, and with the
fact that the first vein recovered on
the bottom level shows a greater
extent than vas established on the
upper levels, coupled with unlocked
for enrichments-the possibilities Of
the mine are immense.
The Photographed aspects of the
%rOper cannot be determined with
out thorough development, and work
along this line is now being pro-
iected on the upper levels. The
west drift on the 435-foot level is
speeding along in satisfactory man
ner. 1t is estimated that 125 feet
remain to be covered ere this drift
reaches the western oreshoot, but as
progress is being made at the rate
of about SS feet per week, the time