The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-04-13
COMPANY ISSUES REPORT

~ticability of mining and milling on
an enlarged scale. These tests were
made under the direction of an in
dependent metallurgist and covered
sections designated as 921, 719 and
473. In making the tests recovery
was subordinated to sampling Of the
orebodies and a determination of
the best milling practice.
Variations of treatment were:
Screen sizes used on batteries,
height Of discharge from batteries,
slope of plates, with and without
amalgamation following primary
crushing, fineness of secondary
grinding, secondary grinding in and
out of closed circuit and consistency
of amalgam on plates. 1t is, there
J fore, safe to that a better
extraction can be had than indicated
by the tests, as the experiments de-
termined the proper treatment and
adherence to it should insure salts
factory. results.
1t should be noted, with reference
to these sampling operations, that,
N view of past experience in the
district, the 921 section will lend
itself to profitable mining on the
basis contemplated. The other &C.
tions sampled will not, as the grade
CT the material is too low. However,
the No. 2 Sheeted Zone, the Great
! Western Glory Hole and Los Ca
zabo Footwall are potentially i'm
portant: they were not sampled as
we're the other sections, but, pre-
dicated upon past mining operations
they will undoubtedly furnish a very
considerable tonnage of profitable
ore on the basis Of large scale
mining.
The tests we're discontinued in
June, as the possibility of erecting
a large mill was made very remote
by the entrance of our country into
the war and the resultant shortage
and high cost of labor, the scarcity
of all materials and supplies used
in mining and milling and the In
certainty of transportation facili-
ties. At some time in the future it
is hoped to continue the tests in
order to determine the value of the
other low-grade orebodies.
Practically no development work
was done during the year, as the
work done in 1916 did not seem to
justify a large expenditure for ex-
ploration. The lode operations for
the year 1917, including the sam
ping of the low-grade zones, show
a profit, exclusive of depreciation
and certain overhead costs apply
ing to both lode and placer, of $780,
1890. In September a leasing
policy was adopted. With the ex-
ception of the 921, the Great West
ern. Glory Hole, the No. 2 Sheeted
Zone sections, and a portion of the
Los Gazabo footwall, all portions
of the mine were opened to leasers.
From these operations a net profit
of $1,817.27 was derived in four
months, and it seems highly prob
able that the net revenu from lode
leasing in 1918 will be from $4,000
to $4,000.
The Round Mountain Power &
Water company purchase included
the property of the Round Noun
tain Daisy Mining company. This
company owned a mill, together
with certain equipment and personal
property, situated upon the Daisy
group of claims. These claims con-
tanned placer deposits, but no avail
able deposits of commercial ore.
The Fairview Round Mountain
Mines company owned a mine, but
no mill. In May, 1917, a transaa-
ton was consummated whereby the
Round Mountain Mining company
transferred the lode rights Of the
Daisy company, together with inn
provements and personal property
and sufficient water to operate a
50-ton mill, to the Fairview COM
pany for a consideration of 100000
shares of the capital stock of the
Fairview company. This should af-
ford another source of revenue for
our company.
The results of our placer opera
lions for 1917 show 127,7SS yards
of gravel hydraulicked of a gross
value Of $1.16 per yard, with a re-
covered value to the company of
practically $1.10 per yard, as
against 11O,62S yards hydraulicked
in 1916, of a value of SO cents per
yard.