The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-04-06
TONOPAH DEVELOPMENTS
SET FORTH IN REPORTS

ing 4O5O tons, the EAIen-
son 2407 tons, the Jim Butler 365
tons, the West End S43 tons, the
MacNamara 6O7 tons, the Montana
sos tons, the Cash Boy $50 tons,
the Halifax 40 tons, and the Rescue
SO tons, making the total production
for the week 1912 tons, the es-
timated value being $1S3,464. This
valuation is calculated on the gross
milling value of the ore.
The latest reports received by the
officials of the TOnOpah Belmont
Development company, with refer
ence to the prosecution of work at
the properties which have been ac-
CURED by the corporation and are
now under process of development,
are of very satisfactory character.
At each of the subsidiary mining
properties hat have lately come un-
der the control of the Belmont COM
pany, namely, at the Eagle Shaw
nut, on the Mother Lode in Tou-
lomne county, California, and the
Wagner-Belmont Mines company, at
Telluride, Colorado, the parent COM
pany still is engaged in getting the
MILLS in shape for steady operation.
1t is confidently expected that be-
lore the coming summer the mills
at these properties will be in full
operation, adding their profits to
the surplus that the Belmont COM
pany has on hand.
Extensive development work is
being pushed at the Surf Inlet mine,
another subsidiary of the Belmont,
and the reports received by the To-
cal officials of the company r
most encouraging. The mill, as in
dicated by the latest returns from
that property, is making a satisfac-
tory saving of values, the profits OF
the company for the month OF
February from it's Surf Inlet oper-
atoms, according to the statement
sent to Frederick Bradshaw, general
manager of the Belmont company,
having been over $4,000.
The mining operations at the To-
cal property have also continued
satisfactorily. The south vein, on
the 500 and 9OO-foot levels, is be-
ing developed by means of several
drifts and raises, and at nearly
every point the showings are ex-
tremely gratifying. The vein has
been proven in one raise to extend
on its incline to the 700-foot level,
and has been demonstrated to be
fully as wide as the raise which
connected the two levels. With h
completion of work in that raise,
another was started for the purpose
of more fully blocking out the ore
body, and this latter raise has also
been ascending On a full face of ore
that is continuously returning good
values.
TOnopah Mining Co.
Under the stimulus afforded by
the enhanced price of silver, the
Tonopah Mining company is continu-
ing the shipment and treatment of
it's dump ores in great quantities.
The sudden jump in the price of
silver has been most gratifying to
the operators of Tonopah and other
districts in the state, where the
white metal constitutes one OF the
principal products.
Many mining men are inclined to
credit the rise to the fact that a
current report, to the effect that
congressional leaders and represen-
tatives of the treasury department
have agreed to establish a price of
81 per ounce for silver for the en-
tire production of the United States
over a period Of at least a year,
and perhaps longer, Is correct, and
that silver buyers are getting hold
OF as much silver bullion under the
81 price as they a possibly carry.
There have been other reports re-
ceived here, to the effect that China
| as also come into the market again
with heavy purchases and that this
has caused the quick advance in the
price quoted for the metal.
While the shipments from the
dumps have been going forward in
the usual quantities, the slopes at
various parts of the mine are con-
tinuing to yield tonnages of good
milling grade ore at a satisfactory
rate. This latter product is being
sent to the Belmont mill at Tone
pah under the agreement recently
concluded between the two compan-