The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-07-20

ed about two years & and which
has treated all the product from
these sources With the assurance
of continued fair weather, the lessees
and operators of the ponds will un-
doubtedly, within a month. com
mence showing profits at the same
rate that has been reported in pre-
vious summers.
TOnOpah Extension
The developments in the Tonopah
Extension Mining company's Victor
ground have become so important
that the company is looking forward
to an existence of many years., and
in preparation, is arranging for the
mining of its vast orebodies on a
more extensive scale than has ever
been conceived by other operators
in the Tonopah district.
A brief reveiw of the history of
the Extension mine is illuminative
of the possibilities that the property
holds forth. After the original
claims were located by Thomas
Lockhart, one of the pioneers of
Tonopah, who maintained his faith
in the western end of the camp and
l~aboriously sunk a shaft through
caprock to vindicate his personal
judgment, the Tonopah Extension
Mining company was organized and
took over the estate.
Charles NJ. Schwab, MAJ Bernhei-
mer, John McKane, Donald B. Gillies
and other mining operators were
heavily interested in the enterprise,
and in 1906 and 1907, through the
discovery of high-grade shipping ore
the stock of the company rose rapid
ly to $14 per share on the markets
east and west. Before the panic of
1907, the high-grade ore became ex-
hausted, and the company was COM
PEELED to plan for the treatment of
its lower grade product.
With this end in view, a mill was
erected, and later a new shaft was
sunk to the west of the original
shaft. Big orebodies were
tered in the properties taken over
by the Extension company after the
panic, and the company again be-
came prosperous, it's shares reach
ing a price of over 81 per share in
1916. Following that period, a
leached zone was struck in the
several OrebOdies and the grade of
the ore mined became so low that
the profits from the mining opera
tions would not permit dividends to
be paid.
A considerable portion of the ore
from the territory in recent years
was hoisted through the Victor
shaft, which was sunk to the 1910
foot level, without a station being
cut between the surface and that
depth. Arrangements were then
made to deepen the Victor shaft to
1900 feet, but this work was inter-
rupted by a tremendous flow of
water which was encountered when
M of the immense orebodies of
the Victor was struck in extending
lateral development work on the
16S0-foot level.
The pumps were drowned out and
it was impossible to carry on the
work until the shaft had again been
drained. This was completed early
during the present year and the
several vein systems of the property,
namely, the Murray, the Merger, and
the o. X. veins, with accompanying
branches, were found to extend to
this depth.
North cross-cut 653 Of of $50
east drift which is being ent out
for prospecting purposes advanced
the usual distance during the week
and proceeded in trachyte for the
entire distance. The south cross
cut 654 running off east drift 639.
being carried ahead in trachyte
the purpose of which is to prospect
for the Occidental vein. Work will
be continued in this direction until
the objective is reached, or until it
is determined whether or not the
cross-cut will serve the desired pur-
poses.
West End Cons.
A considerable amount of specu-
lation has been INDUCED in by those
interested in the West End Con-
solidated Mining company, as to
what action the board of directors
will take concerning the disposition
of the funds resulting from the pro-
duction of ores from the territory
which has been in dispute between
the first named company and the