The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-03-30
TONOPAH DEVELOPMENTS
SET FORTH IN REPORTS

$3.50 tons, the Tonopah Extension
1916 tons. the Jim Butler SIT tons,
the West End 1913 tons, the Mac
Namara 526 tons, the Montana EOS
tons, the North Star SO tons, max
ing the total production for the week
1891 tons the estimated value be-
ms $16S,S27. This valuation is
calculated on the gross milling value
of the ore.
The first cleanup during March
at the mill of the TonOpah Bel
mont Development company re-
suited in the production of SO bars
of bullion, weighing 116,O3S ounces,
and AZ tons of concentrates. AT
the present prices quoted for silver,
the bullion is estimated to be worth
approximately $133,4S3.70, and the
concentrates $4,000, making the
total valuation of the shipment
s154,4S3.7O.
Operations at the mine were car
lied along the same general plan
of development that has been in
force for some time past, and re-
suits at every point are reported to
be as satisfactory as al be ex-
pected.
At the Belmont shaft, IN the
700-foot level, in extending 721 east
drift from 702 northwest cross-cut
on the Shoestring vein, it was
found that the vein has split into
two branches, each about a foot
wide. Good values have been found
consistently throughout the course
of the drift, and this condition pre-
vailed during the week that has
elapsed since the previous report
was issued.
The regular rate of advance was
maintained in 1913 west crOsS-cut,
from 705 southwest cross-cut, but
Up to date it's objective, namely,
the connecting with the west drift
from raise 5 for mining purposes,
Las not been achieved. Very little
in the nature of a change has been
shown in north cross-cut 1874, go
ing out from 7O3 east drift for the
purpose of prospecting for branches
of the Rhyolite vein system. The
Usual footage was made during the
week, all of it in West End rhyo-
lite.
Raise 8, after making some fur
Their progress on its way up from
the back of 100 stOpe on the Shoe
string vein, has been discontinued
temporarily. At its present height
it still shows the veins to be about
: feet wide and to carry good val
ues.
There was no work done in raise
10 during the week, but operations
we're continued as usual in raise
IL, which Is being extended from
721 east drift on the ~Shoestring
vein. In the face of the raise, the
showing consists. of 2k feet of me-
dunn grade r
TOnOpah Mining Co.
The 51st regular quarterly div
idend of the TonOpah Mining COM
pany was declared by the board of
directors at it's meeting held in
Philadelphia on February goth,
when it was decided to continue the
rate at 7k per cent, or on the
same basis as declared at the prev
Gus dividend meeting of the board,
leld last November. According to
the notice which has been sent tt
stockholders and which is now being
published, the dividend is payable
April goth, 1918, to stockholders
whose names appear of record on
the books of the company at noon
of March 30th.
The payment of this dividend will
bring the amount distributed by the
to it's stockholders, from
the time it was Incorporated, In
1901, to date. up to $~14,65O,OOO.
which is exclusive of the $780,
557.51 which was returned to the
owners of the preferred shares,
carly in the history of the corpora
ton.
Since the previous report of oper-
;tions was issued, there a been
rothing out of the ordinary to oc-
cur which requires special comment.
The regular tonnages of ore are be-
ing sent out, the dumps furnishing
the material for the mill at Millers
to treat, and the mine ore going TO
the Belmont reduction plant at To
nopah.
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