The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-08

PRESIDENT ZADIG PREDICTS
PROSPEROUS FUTURE FOR
TONOPAH NINE

AS soon as possible after the strike
in the North Star mine was made
public, the president of the COM
pany, Herman Zadig of San Fran
cisco, whose faith in the property
has never faltered, made a visit to
Tonopah for the purpose of viewing
the new developments and incident
ally make side visits to Goldfield,
the Divide district and Manhattan,
to inspect his various holdings at
these places. In an interview Mr..
Zadig stated:
"The strike was made on the
1000-foot intermediate level, and we
have almost positively demonstrated
a length of 100 feet of ore, averag-
ing about three feet in width, car
rying values of better than $40 per
ton. There is a streak on the
hanging wall six to eight inches in
width that will easily go $1,000 to
the ton. The discovery was made in
the Ivanpah claim, and the vein will
take the name of the claim.
1.-THE North Star never looked
better since I have been connected
with it, and has a chance to develop
into a big mine. I am confident
that the shares of the North Star
would have been selling much
higher than they have reached up
to the present time had it not been
for the fact that some eastern par
ties, who have held a large block of
it, have been disposing of their
stock at the prevailing price and
have thus held the market down.
1.-THE discovery is particularly
gratifying to me in view of the cir
cumstances connected with the levy
ing of the last assessment. The d.
rectors had contemplated assessing
the stock at the rate of more than
one cent per share, tLt | opposed
this on account of the large amount
of money that was needed for SUBJ
scriptions to the third Liberty loan,
the second Red Cross drive, etc.,
and urged them to levy an assess
ment of only one cent per share
and take a chance that we would
develop some ore. Our faith has
Id it's reward through the mine
being put on apparently a paying
basis, and I fully believe that the
orebody will develop at deeper lev
els to such an extent that it will
v be necessary to levy another
assessment"
Superintendent loves report for
the week states that the first round
was shot in the south drift on We'd
nesday and samples taken of the
ore-house screenings from the first
eight tons hoisted assayed $6O.7O
this carrying the regular proportion
of gold. In the south drift the vein
now shows across the full width, av-
eraging far better than mill grade.
The usual progress was made in
the north drift on the vein, though
a slight step fault appeared during
the week. This, however, was
quickly solved, and the vein has
been picked up again, showing the
same width as where the fault broke
it off. A raise has been started
from the north drift, which is to be
driven on the ore until the 950-foot
level is reached, where, with a
short cross-cut, connections will be
established with the workings at
the higher elevation and good air
can be secured for the 1000 inter
mediate,
Some minor prospecting still con-
tinues on the 90O-foot level, with
fairly satisfactory results. The
workings on the 1050-foot level have
about been cleaned up, and during
the coming week prospecting for the
downward extension of the Ivanpah
vein will be started.
A carload of ore was sent to the
West End mill early in the week,
and another is about ready for ship
ment to the plant.-Tonopah Miner
RICH HNn IN MEXICAN