The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1919-06-14

giant. The increase in operating
costs for 1918 has been due to this
shortage of water, as the same ma
chine used in cutting the banks had
to be used to- feed the fumes. II
also was very difficult to keep the
dirt moving in the flume, as large
quantities of %boulders, which under
ordinary head pass through the tail
race. had to be wheeled from the
pits.
The Star Drilling Rig has been
kept in continual operation during
the year sampling bank ahead of
the placer workings. Holes were
drilled at intervals of so feet and
the gold from the drillings carefully
recovered. Over 100000 yards of
material has been sampled in this
n and the average value
shown is better than 81 per yard.
During this fall and winter there has
been an unusual amount of snow in
the mountains and from observations
made in the canyons, it appears that
the season of 1919 will be one of
the best water years in the history
of the district.
Lode Leasing Operations.
The production of the lode lessees
of the Round Mountain Mining COM
pany for the year 1918 was 2131
tons of ore, having a value of $751;
2O2.34, or $36.6974 per ton. In adj
dition, 20 tons of ore having a value
of $627.05, or $31.35 per ton, were
produced from the Blue Jacket
group, held under lease by the
Round Mountain Mining company.
Tables showing the lode lease opera
tions in detail r attached hereto.
All of this ore was milled by the
company, the Huntington mills and
one Tube mill being used, and the
expense of milling, marketing the
bullion, maintaining the mill, to-
gether with a charge of 81 per ton
for the use of the mill, was deducted
from the value of the bullion before
the royalty was computed. The de-
tails of the milling operations are
also shown on the tables above re-
ferred to, as are the mining costs of
the lessees. 1t will be noted that
81 per cent of the mining costs OF
the lessees is labor. The company
received in the form of royalties
from these operations the sum of
s~11.441.s7, or $8.184S per ton, and
in addition received as royalty from
the Blue Jacket lessees the sum of
$64.36. Adding to this the amount
received from lessees for the use of
the mill, we have a total revenue
from lode lease operations of $19,-
657.24, or $9.14 per ton.
AS an additional benefit to the
company the lessees performed 1892
feet of development work as fol-
lows:
Four houndred and fifty-two feet
of wines 643 feet of raises, 23S
feet of crosscuts, and $50 feet of
drifts. OF this work 1913 feet
was done in the No. l workings. 1T
feet in the No. 2 workings. 323 feet
in Stebbins Hill, and 523 feet on
the Saddle Back claim. In addition,
1888 feet of working levels were re-
timbered and restored by the lessees.
AS a result of these leasing opera
tions the company has several faces
that with further development may
permit resumption of mining opera
tons by the company. In such
a, cas- no new leases are let and no
renewals Of old leases granted, re-
suiting in the withdrawal of about
one-sixth of the surface area of the
company's lode claims from leasing
operations.
In conclusion, l desire to express
my thanks to the heads of the diff
ferent departments for their CO.
operation during the past year.