The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-01-20

1850 tons, the Tonopah Extension
$3.50 tons. the Jim Butler 1850
tons. the West End SIS tons, the
Rescue 1872 tons, the Halifax 211
tons and the Montana % tons. max
ing the total production for the
week 1896 tons. the estimated value
being s169.9S5. This valuation is
calculated on the gross milling
value OF the ore.
The report of the Tonopah Min
ing company for the current week
contains several items of unusually
exceptional interest to its share
holders. First in importance, in
the minds of those who are indenti-
fled with mining operations in the
Tonopah district, is the report
which has just been received from
Philadelphia to the effect that the
Mizpah Extension company of To-
nopah, at a meeting of its stock
holders held in that city on Janu-
airy 5th, had decided to grant 10
the Tonopah Mining company an ex-
tension of the option to purchase
the Mizpah Extension group of
claims, under which the Tonopah
Mining company has been operating
for the past two years.
The latter company, in making a
request for a renewal of the agree
rent, asked that the terms of the
contract be modified to the extent
of preparing a smaller capitaliza-
ton for the new company to be or
eanized in the event that the To-
nopah Mining company is success
full in it's undertaking and takes
over the Mizpah Extension property.
The prolongation of the contract
period will enable the Tonopah Min
ing company to proceed with its
plans for the development of the
ground that is embraced within the
confines of the Mizpah Extension
company's estate, OF a bigger and
broader scale than ever, and such
work will serve to explore a large
acreage in the eastern part of the
Tonopah district. In the interim
between the expiration of the for
mer option and the granting of the
modified agreement, the Tonopah
Mining company proceeded as u.s.
ual in its prospecting work at the
Mizpah Extension property.
Another item of interest is the
resumption of shaft sinking opera
tions at the Sandgrass claim. The
work is proceeding vigorously, with
three shifts of men employed, and
it is reported that the progress
which has been made since sinking
was resumed has been satisfactory
in every respect.
The Millers reduction plant OF
the company reports that on Mon
day, the 8th instant, there was
shipped 80 bars of bullion, whose
estimated valuation is placed at
$4,000. The shipment resulted
from the final semi-monthly clean
up at the mill.
TOnOpah-Belmont
The Tonopah Belmont Develop
ment company has just completed
it's cleanup at it's local milling
plant for the last half of December.
AS a result, it shipped during the
week to the smelter SO bars of bull
lion and 2S tons of concentrates.
The weight of the bullion was TO-
OBJ ounces, and its estimated valua-
ticn is $66,535.05.
The concentrates, estimated al
$500 per ton, were worth approXi-
90 ON ,oa1;-~ ~ j@E,1
valuation of the bullion and con-
centrates $~77,735.05. The output
was lower than usual by reason of
the interruption to the mill opera
lions during December when Tono-
pah was without power for almost a
week.
Now that the damage to the
power lines has been repaired and
the camp is getting the usual SER
vice in the way of energy for min
ing and milling operations, the regu-
lar excellent standard has been re.
gained by all the working compan-
les in the district, and not only
have customary footage records been
reported but mill operations are
also stated to be on the same basis
as usual.
In direct confirmation of the
statement contained in our issue of
the proceeding week, the report of
the Belmont company, combined
with that of the Belmont Mining
company, for the three months end
ing November 80, 1916, has just
been issued by the Philadelphia
offices of the companies.
The statement which the company
has sent to it's stockholders shows
hat there was received for ore.
bullion, ETC., during such time. the
sum of $641,591, out of which
was paid for mining. milling and