Show RECENT GOLDFIELD happenings the highly gratifying condition prevail ingin the properties of the goldfield consolidated soli dated mines company Is clearly reflected by the preliminary estimate of the production and earnings of the company during the month of june just made public by A H howe secretary and treasurer according to the estimate the mines produced a total of tons from which a gross extraction of was made operating expenses amounted to leaving a net realization of developments of a routine character were the rule during the week in the various properties of the company jumbo extension the jumbo J extension mine is splendidly maintaining its shipments of ore to tile consolidated mill which were recently increased from approximately eighty six to one hundred tons daily A section of ten stamps and eleven concentrating tables in the mill are being devoted to the reduction reductio of jumbo extension ore and an all n average ex traction of eighty five per cent is beit being made this is a ten per cent better saving than was ever made by the leased mill at donnie bonnie clare south of goldfield to which the output was shipped for about two years prior to the making of the arrangement with the consolidated for the reduction of 0 the ore after a suspension of about ten tell days due to the caving of a small portion of the mouth of the old above the main drift on the foot level of the leverda Po claim which became temporarily clogged operations upon a normal scale are again in progress in the velvet claim acquired several months ago by the jumbo extension from the goldfield merger mines company upon a lease and bond arrangement during the last week operations have been resumed upward and eastward in the above the northeast drift on the foot intermediate level in the velvet claim from four to six feet of 12 ore is being extracted in the operations the output of the stopa is being handled through the raise from the foot level east drift into the velvet claim which is feet below the intermediate drift on the dip of the vein crosscutting from the streak to the hanging wall streak of the vein has been resumed from the foot level drift when the hanging wall of the vein is reached drifting east on the vein will be resumed work is being prosecuted on four faces of good ore from the new above the 97 foot raise from the east crosscut oft off the main southeast crosscut on the 1017 foot level six feet of 60 ore is being broken down from the face of the northeast drift recently started from the raise referred to at a point about fifteen feet below the floor of the the drift will be continued along the shale with occasional crosscuts cross cuts to the hanging wall to keep tab upon the ore development florence goldfield goldei eld there were no developments out of the ordinary during the last week at the florence goldfield mine however there was a continuance of the gratifying conditions that have prevailed for some time past which is shown by the output of the mine thus far this month unless all signs fail the production of the property this month will equal if not exceed that of last month which amounted to approximately tons tolls with estimated profits of the above the main north drift on the 50 foot level upon the disclosed several months go by a branch raise from the main raise from the acot level le vil main north drift in the immediate vicinity 0 of the shaft continues to yield an excellent tonnage of ore the face of the is n new CW more than one hundred feet fe et from the shaft and is exposing an aver average a g e of two nd ada a half feet of 15 to 20 ore continues onti north and south of the main shaft bove the main drifts on the foot level above he face of the northern section of the s yielding six feet of 20 ore and the south ace abo about ut four feet of 15 rock gocr goldfield oro there is every condition present in the tor perty of the goldfield oro mining com any to indicate that the corporation will oon be rewarded for its years of persist nt int and thorough operations recent dis closures at depth in the property more than iv arrant the prediction that it is fast ap ro aching the status of a mine and that ere jlong ng it will join the list of local producers notwithstanding the fact that the manage ament ment has not made public details as to assay ay values being obtained which however Js is unofficially known to be encouraging drifting continues to be vigorously prosecuted north and south on the foot level of the foot shaft the north drift now measures inea more than a hundred feet in length and the south drift about eighty five feet beet the north face is steadily improving in appearance the stringers of quartz exposed including one that measure over three feet in width the south drift is also showing up well after passing through a considerable area of broken up vein matter er the quartz being exposed is showing ng up with more solidity and it is apparent that the drift is entering an area where the formations will be found in true form with its increased force of miners and newly installed additional machine drills the management of the silver pick consolidated mines company is vigorously prosecuting exploratory work on the foot level of its property considerable new work having been inaugurated during the last week prom from the north cuts raises have been started to intersect the vein from foot to hanging wall A third new raise has also been started on the hanging wall about a hundred feet south of the east crosscut in the south drift drifting along the hanging wall from the east crosscut has been commenced inen ced advices advises received from isan francisco are to the effect that herman zadig the well known mining man and stock broker is meeting with success in his efforts to effect a consolidation of the lou dillon goldfield mining company and the silver pick extension mining company originally promoted by the defunct L M sullivan trust company with a view to the recovery of the ground formerly held by the two companies and the the resumption of their development mr zadig is president of both companies as well as aa the silver pick consolidated soli dated mines company and proposes to rejuvenate the two first named corporations under the title of the lou dillon silver pick extension consolidated mines company he has submitted to the ers of the lou dillon and silver pick extension companies a plan calling for the exchange of stock share for share for that tha t of the proposed new corporation plus I 1 two cents a share which will furnish sufficient funds to recover rec over the properties and development work carry on extensive goldfield tribune july 11 |