The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-29

OfVV IOhSs kAO
1927 tons. the Jim Butler 649 TONS
the West End 97S tons, the MacNa-
mara S15 tons, the Montana 10
tons. the Halifax So tons, the Cash
Bow 45 tons, and miscellaneous AZ
tons. making the total production
for the week 1O,22S tons, the esti-
mated value being $173,S76. This
valuation is calculated or the gross
milling value of the ore.
The seth regular dividend declar-
ed by the Tonopah Belmont Devel-
opment company will be payable on
July 1, in accordance with the an
nouncement made when the direc-
tors of the company met some weeks
ago. The books closed for transfer
on June Is.
With the payment of this last div
idend. the Belmont company will
have disbursed to it's stockholders
in the form of dividends a total of
s9,66S, O63.32, or over Sc per share
on the outstanding capital stock,
which is 1900, 900 shares.
The reports of net earnings made
by the ri in past months in
dictate a sure ability to maintain
the prevailing rates of profit on pro-
duction from the company's mines,
at Tonopah and Surf Inlet, while the
starting of the other plants at the
Belmont Shawmut and the Belmont
Wagner will give the parent COM
pany additional sources of revenue
with which to keep up the payment
of dividends to its stockholders.
The latest report of monthly
earnings at the Surf Inlet mine,
which generally have been received
in Tonopah before this date, have
not come to hand as yet, but there
is every reason to believe that they
will be equal to those reported pre-
viously, inasmuch as the mill is re-
ported to be working along steadily
on the ores produced from the devel-
opment and stopping work at the
mine.
Excellent progress is being made
in advancing the development and
other mining operations at the To-
cal property. A big proportion of
the work done during the past week
consisted of prospecting for extern
sions of veins and exploring blocks
of ground for possible orebodies.
Production work was carried on at
the usual rate. and the mill was
kept running at regular capacity on
company ore, supplemented by con-
tract ores of the Tonopah Mining
and the Jim Butler Tono-
pah Mining company,
From the Belmont shaft, on the
6OO-foot level, the usual footage
was made in extending the face of
654 south cross-cut, which is being
put out from $50 east drift for the
purpose of prospecting for the Occi-
dental vein. Up to date, the ad-
vance has been made in Mizpah ira
chyte, no particular change having
been noted within the past week.
A new drift, designated as No.
CSC. has been started up along the
South vein, and encouraging condi-
tions have been found since the
work was started. The vein is fully
five feet in width. and has been
holding the same strong width with
the advance of the cross-cut. The
value in the ore broken. however,
are rather too low to be available
for milling, but they may improve
with the further extension of de-
velopment work. Operations were
continued in $50 east drift until the
Mizpah fault was encountered, and
upon reaching that point the work
was suspended.
TOnOpah Mining Co.
The mill of the Tonopah Mining
company completed it's May clean
up early during the present month
and produced 80 bars of bullion
which were shipped to the smelter
on June 8. The shipment is est
mated to have an approximate val
uation of $4,000. The ore from
which this bullion was produced was
obtained from the dumps on the
company's property at Tonopah, the
mine ore now going, under arrange
ments made with the Belmont COM
pany, to the latter's mill
With the cessation, for the pres
ent at least, of development work
in the S~andgrass territory, the foot
age record fell considerably below
the average. The Silver Top work
ings we're advanced 80 feet, and new
ground in the Mizpah claim to the
extent of &C feet was broken, max
inc tho total for the week 4G feet