The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-09-08
TONOPAH DEVELOPMENTS
SET FORTH IN REPORTS

July 1, 1917, returned to it's share
holders the sum of $~S,956,122 in
the way of dividends, and when the
SD shall have been paid it will make
the distribution over nine millions of
dollars.
The manner in which the local
mine maintains it output of good
paying ore is remarkable when it is
I taken into consideration hat this
year will be the eighth that will have
passed since the famous big Belmont
vein was discovered and was the
NEAR of rejuvenating the Belmont
mine into one of the steadiest and
best producers of the precious met
ais. gold and silver. The discovery
of the Belmont vein was followed by
the finding and development of other
smaller veins, all of which have kept
the company's mill at Tonopah stead
lily at work ever since it was complet-
ed in the summer of 1912, over
five years ago.
In the interim between the discov-
cry of the Belmont vein and the
present time, the company has &C
cumulated a splendid treasury, in
cash and quick assets, and has or
ganized its exploration department
with such good results that it now
controls at least two properties that
are ready to enter the producing
class when mill construction shall
have been completed.
Jim Butler Mine
AS has been the case in past weeks,
mining operations at the Jim Butler
Tonopah Mining company have, in
the main, been conducted at the
Wandering Boy section of the mine,
on the second, sixth and main lev
{ els, and on the bottom level from
the winze, while in the Desert Queen
territory the only work that is now
cross-cut hat is headed toward the
Ophir King ground.
Production work, resulting in the
Outputting of the average quantities
of good ore, which went to the Bel
mont mill at Millers. Increasing
prices paid to producers for silver is
b%enefiting the Jim Butler treasury
along with those of the other pro-
ducing companies of Tonopah, per-
haps to a greater extent than most
of the ohter companies operating
here, by reason of the fact that the
Tim put1or dirnntnroto adnntnd tho
policy of storing it's surplus silver
produced from the time hat silver
reached the low price of 46 1-6 in
the fall of 1914. The stored product,
carried on the books of the company
at so cents per ounce, has already
shown an increment of 80 per cent,
with decided prospects of doubling
in value within a short time.
Cash Boy Cons.
Regular progress is being made at
the Cash Boy Consolidated property
on the intermediate level from the
WINE, sunk from the 145O-foot level.
The development work in progress
is serving to prove up the vein on
this level. which is approximately
1880 feet below the collar of the
shaft, and in so doing is furnishing
the usual quantities of good mill
ing grade ore.
Ell. Mead, secretary, treasurer
and manager of the property, return
ed to Tonopah Wednesday evening,
accompanied by Oscar and Philip
Daube, who are interested in prop
critics lying to the west and south
west of the Cash Boy. Mr.. Mead re-
ports hat the latest developments
in the Cash Boy mine are fully up to
his expectations.
& President Andrew S. Ross is at
present in New York. and in a re-
port given to a New York paper an
nounced some future plans and sub
mitted a synopsis of the work that
has been done to date. The article,
reprinted from the New York paper,
is as follows:
THE ore being extracted is com
ing partly from a slope on the Mer-
ger vein above the west drift on the
1630-fOot intermediate level. Re-
Gently the drift encountered a fault
and the management Immediately
began prosecuting for the purpose
of locating the fdulted segment of
the vein. After 80 feet of work in
the trachyte formation streaks Of
hi~gh-grade ore was revealed. and
it is the belief of the management
that the fault has beef solved. The
stope on the foot-wall side OF the
vein above the west drift on the
same level is contributing its usual
quota of shipments"
West End Consolidated
There has been very little
change shown in any portion of
the West End mine as development
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