The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1919-06-14
the year ending December 81, 1918,
is herewith submitted:

lis herewith submitted:
During the year the company's
holdings were increased by the ac-
luisition Of the Regal and Pecos
lode claims, containing 5206 acres
and the Black Jack No. 8 placer
claim, containing IL acres: There
fore, the company,s holdings in the
Round Mountain district, exclusive
of lode and placer claims in Jett and
Jefferson canyons, now aggregate
1.O32.7O6 acres 81 which 346.7 acres
are patented.
Placer Operations
During the year ending December
iS1, 1918, 1867 cubic yards of
placer gravel were moved by hy-
draulicking, yielding 5,299.s4 ounces
of bullion having a value of $685.
324.O7. In addition to this amount
So, 6S3.39 was received in royalties
from the placer leases. The total
operating cost was $4S,792.3S and
the total realization $2~2,215.0S.
This operating cost does not in
clude the depreciation of pipe lines,
main tail race and placer equipment,
hut Toes include the cost of main
tenance of pipe lines, sampling
placer banks and the development
of branch races preparatory for 1919
operations. The gross value recov-
cred exclusive Of placer lease royal
ties was .9573c per yard. The
operating cos was .6835c per yard.
or a realization of .273Sc per yard.
OF the total yardage hydraulicked,
$4,000 yards were moved from Sun
nyside "A" Pit; 1890 yards from be-
tween the Llewellyn workings and
the main tail race; 9237 yards
from the south bank of Great West
ern "A" Pit, and 200 yards from
the north bank of the same pit. The
production from the Sunnyside AZ
Pit was $34,694.97, or $500 per
yard. From the area between the
Llewellyn workings and the main
tail race $19,26O.66, or $2.1569 per
yard. From the Great Western "a
Pit, south bank, $~12,S67.63, or
1898 per yard, and from the north
bank $1,5O0.81 or .5555c per yard.
During the year the production of
the leases on bedrock in the Great
Western "a" pit was $~4,586.66 from
an area of 91,10O square feet. The
gross yield was .O5O3c per square
foot, of which amount Ollie per
square foot was paid to the COM
pany in the form of royalties. The
cleaning of this area cost the lessees
oslo per square foot.
Drift leases on small areas of the
Gold Leaf cut were let during the
year to determine definitely the
values in the gravel everything bed
rock and to guide the company in
future operations in this area. n !
thousand four hundred and fifty
tons removed by these bedrock
~lessees from an average width of 6
feet of gravel yielded $6,923.71, or
salts per ton, indicating a value
per yards for this 6 feet of bed
rock material of $6.366. This area
was found to be free from bOulders
and cemented gravel and the drift
lease operations have proven a large
additional yardage of a value not
contemplated by the company and
no drift leases have been let since
the above yardage values were de-
.termined.
In 1918 the company cleaned
45,5O0 square feet of bedrock yield
ing $~9,167.61, II .2O15c per square
foot. The averave cost of cleaning
this bedrock was .1zS6c per square
foot.
TIE length of the main tail race
was 4,447.9 feet on Januahy l..
1919. During the rear the dump
end of the flume vas extended 1867
feet, the dump branches 349 feet.
and the branch races 1891 feet. The
development of branch races for the
1913 season was carried on during
the months of October, November
and December, 1918. This devel-
opment resulted in moving $500
yards of material. but as no cleanup
has been made, this yardage is not
included in the 1913 yardage esti-
mate, but the cos of the work has
been included in the 1918 costs.
The final cleanup of the main tail
race was made in November. 1918,
and yielded $1O,O45.11. OF this
amount $6,16O.0O was obtained from
the flume cleanup and $~3,S85.11
recovered from milling $50 tons of
concentrates from the lower end
of the main tail race, the concen-
tratoc n Onnag value of