The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-05-04
DEVELOPMENTS
+. SET FORTH IN REPORTS

The Tonopah Belmont sen to the
mill 1927 tons, the Tonopah Mining
1900 tons, the Tonopah Extension
$3.50 tons. the Jim Butler $50 tons,
the West End 1907 tons, the Mac
Namara SAB tons, the Montana 225
tons, the Cash Boy 6 tons, and mis-
cellaneous 9 tons, making the total
production for the week 1916
tons, the estimated value being
$172,SO This valuation Is ca1cu-
lated on the gross milling value of
the ore.
DR.. NJ. r. Ward, president of the
Tonopah Extension Mining COM
pany, after an extended visit to the
local property, stated that he never
felt so highly pleased with the out
look for the mine. His last in
spection of the mine was made just
prior to leaving for the east, and
upon being asked for an expression
of his views authorized the follow
ing statement:
Il have seen a very decided i'm
provement in conditions at the Ex-
tension and feel that we have not
only turned the corner but are now
on the ascendant. Our earnings
for March were $4,000, and l
think they will be somewhat better
for this month.
ION the lower levels we have
proved to have bigger and better
veins than were found above on the
154O-foot level of the Victor. The
only one we have opened up so far
is the North Merger vein, on which
we have extended a stope for $50
feet that shows a width averaging
about IL feet.
1.-The ore extracted maintains a
value of about $22, and we have
about 800 feet of backs before get
ting to the 1540-foot level. Condi-
lions on the latter level, as well as
on the intermediate between that
and the 1880, are especially good.
In fact, you may say that / am
very much pleased with every as
pect of the mine at the present
time, and 1t is one of the most salts
factory visits l have had for some
time.
1--WE have a new sinking pump
coming, which will be here within
a few weeks, and then we intend
to unwater the shaft and cut a
station at the 1750-foot level.
! Cross-cutting will then be started to
the south to catch the North Merger
vein, which we expect to find about
rs feet from the shaft, after which
we will again sink to the 1850,
establishing a station at about 1920
feet from the surface and will con-
tinue our development work at that
level.
"Of course | am delighted with
the passage of the Pittman silver
bill. 1t stabilizes u product and
gives us a satisfactory profit on
the silver we mine. Personally, |
believe that $1.OO will not be the
limit to which the price of silver
will rise"
Another important announcement
made by the company is to the eff
feet that the new and greater equip
ment is to be provided for the
Victor shaft. A new Nordberg hoist
has been ordered, with a 30O-horse
power potor. capable of hosting a
skip, cage and 2h tons of ore
from a depth of 5000 feet. Also.
plans have been drawn and the ma
terial ordered for a new 9O-foot
headframe and bins. The hoist,
however, is not expected to be re-
ceived until about next October.
Tonopah Mining Co.
Eastern advices lately received
state that the annual report OF the
Tonopah Mining company for the
fiscal year ended December 31st,
1917, has been issued and is now
being sent to the stockholders. With
regard to the old Tonopah mine, the
report, according to the Philadel-
phia News Bureau, says:
"A new ore body, which should
yield a considerable amount of good
ore. has been disclosed in a raise or
the upper Sand Grass vein. between
the 114O and 1OOO-foot levels, and
this is now being stopped.
Under the existing condition oil
the property it is not possible tc
give an estimate of ore reserves, as
values are so irregular, and the
veins being prospected so weak
that's il is impossible to determine