The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-07-21
TONOPAH DEVELOPMENTS
SET FORTH IN REPORTS

mill 1882 tons, the Tonopah Min
ing 21OO tons. the Tonopah Extern
sion $3.50 tons. the jim Butler 700
tons, the West End S95 tons. the
Rescue 1877 tons, and the Mon
tana los tons, making the total
production for the week 5000 tons.
the estimated value being $780,
23S. This valuation is calculated
on the gross milling value of the
ore.
Thirty-three bars or gold and sill
yer bullion. were sent from the
Tonopah Extension Mining COM
pany's mill plant during tue latter
days of the present week. The
shipment in it's entirety weighed
67,143 ounces. and upon it the
company placed a valuation of s62,-
O00.
Such estimate is in keeping with
the conservative policy of the COM
pany but since silver reached the so
cent mark and topped it, with every
indication that it will not only
maintain its present level but go
to still greater heights, the best
Informed mining men say that the
present valuation is too low anu
that nearly $1.O5 per ce shodld
lie returned from the present ship
ments of the Tonopah mines.
This is based upon the prevail
ing price for silver. which, while
having been officially quoted at 80
and 81 cents during the past few
days, has recorded a much higher
price on actual sales made in west
edn and Canadian markets. The
top price was recorded on Thurs
day, July 18th, when advices from
the east stated that silver buyers
in Toronto had paid SO 9-16 cents
per ounce for silver. The regular
quotations have been above so,
those marked on the Tonopah
and Friday 80 "a.
The present report covers the
period which included the Fourth
of July holidays, in consequence of
''iSh WV iuIl uoyo WIZ GdhtH OuI
of the week. This accounts for the
small amount of development work
done, which amounted in all to 80
feet. However, quite a lot of stop
ing work was carried on at all the
levels in the No. 2 shaft territory
from the 117O foot point dow to
the 1850. with the addition of sim
liar work on the 1440 foot level
in the Victor ground.
II is reported that the new cleo
trio plant of the Extension is about
ready to be put in commission.
Work in the Victor shaft has been
waiting for the completion of the
additional power equipment, so that
when the company is ready to go
ahead with it's first-laid plans of
carrying the shaft to the 1SOO-foot
depth there might be no Interrupt
ton to the service.
Tonopah Mining Company
The last cleanup at the Desert
Power and Mill company, the mill
ing plant of the Tonopah Mining
company at Millers. resulted in the
shipment of SO oars of gold-silyer
bullion, having an estimated valua-
ton of $67,100. This estimate.
however, is very conservative, and
1t is safe to assume that when the
actual returns have been received
the figures will be shown to be
much greater.
The TonOpah Mining companv
like all the other producers of the
lohopah district, is profiting by the
tremendous advance in silver, With
the indications pointing to a con-
tlnued rise in the metal, induced
by the decreasing production in the
united States, and the big demand
and the almost instantaneous all
Sorption of the metal by the coun-
tries IN the far east, not only will
much greater profits be realized bv
all the mines that yield silver. but
many old mines. which were not
profitable to work for the past %
years, will be %reopened, and pre-
sent producers will have their lives
prolonged, through ability to mine
lower grade ores than was possible
in previous years.
reports from the Breckenridge
placer fields. in Colorado, where
the Tonopah Placers a
subsidiary of the Tonopah Mining
company, state that the three
dredge boats operated by the first
named company are working full
days now, the boats having a ca
pacity for washing 10000 cubic
feet daily.
The boats are located as follows:
No. ! in the old channel of the
Blue River, 81 miles north of
Breckenridge; No. 2 in Swan Val