The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-01-26

The year 1917 was a notable n
for the Yellow Pine Mining COM
pany. The production of the mine
has more than met the expectations
If the management and the new
year opens with very bright pros
poets for the future.
A preliminary estimate has been
made of the mine production of the
year, the figures being official up
to Nov. 1, the amounts for Novem-
Der and December being estimated.
The exact amounts for those two
months will not be known until
the final returns are received from
the shelters, but the estimate as
| given will be found approximately
correct.
Estimated production of the
| Yellow Pine Mining company for
the year 1917 is as follows: Ton
mage, 2O,165; pounds zinc, 1864
/ $50; pounds lead, 4,9S4,33S; oun-
ces silver, 125,246; net proceeds.
$653,198.53.
The net proceeds are the net re-
, turns on the settlements for ore
by the smelters. No estimate of
the operating and other expenses of
the company has been made at this
time, but it may be said that the
net profits of the company for the
year will exceed 100000.
The treasury of the company is
in very satisfactory shape. On the
first of January, 1918, after the
payment of dividends to the stock
holders amounting to 100000 for
the veal 1917, the treasury showed
as follows:
Cash in general account, $780,
10000; cash in reserve fund, $780,
10000; u. s.. Liberty Bonds (all
paid for), $75,OO0.OO; total, $780,
10000.
1t will be seen from the above
that the company is in shape to
meet it's corporation, income and
excess profits taxes without being
Inconvenience.
A review of the year just closed
should give the stockholders of the
Yellow Pine a most pleasant feel
ing. Of course the big event of the
year was the opening of the tre-
m~endously large orebody in the
north workings, by running an
~11O0-foot tunnel on the 70O-foot
level. This development, it will be
remembered, was in a region where
no ore had been previously found,
and although development work on
this orebody has been under way
for several months, its limits are
not yet determined.
AS supplementary to the develop
mcnt on the 700 level, a tunnel is
being run on the 900 level. in
hopes that the same big orebody
may be cut at that depth. Work
on this tunnel was begun about
June / and has been steadily prose
cuted. This tunnel has progressed
for a distance of 900 feet.
Irregular punches of a good
grade of mixed ore have been en-
countered at the faulting plane at
a point corresponding to a similar
showing on the 700, indicating that
the liberalization is strong at the
greater depth. The 900 level tun-
mel is approaching the ore zone
from the hanging wall side and has
still about 200 feet to go before
reaching a point where a raise will
be made to connect with the Wine
being sunk from the 700. If the
big orebody sis not encountered in
the work of driving the tunnel, ex-
~ploration work will be prosecuted
from this point.
Important developments have
also been made in the south end
of the mine which have attracted
comparatively little notice because
of the overshadowing magnitude OF
the new developments to the north.
Both on the 800 and 900 levels to
the south, important orebodies have
been picked up, and this section
OF the mine looks unusually pro-
missing.
Surface improvements of some
Importance have also been made.
At the mine, two new, modern,