Show the round mountain n hydraulic hydraulic Hydra uli c installation Install ati on SPECIAL to THU THE MINING REVIEW t round mountain nev july 10 on june 24 4 the round mountain mining company of this his place turned the water into the most costly placer water system in nevada and started work with two monitors on an extensive acreage of rich placer ground the high pressure pipeline through I 1 which the water is conveyed starts in jett c canyon anyon and is feet long with the exception of 2800 feet at the lowest point on the line the pipe is spiral steel commencing with 30 inch and reducing to 20 al aan A 74 V 4 penstock jett canyon round mountain mining minine co 4 18 an and 16 inch where the pressure is the greatest lap welded pipe is used 15 inches in diameter and 14 and 5 16 inches in thickness F prom born the intake in jett canyon to the placer lacer ground there is a foot head with 0 miners inches of water climatic conditions 1 will permit of operations for nine to I 1 len t en months a year and during that time there will be a full head of water for five months or more the cost of the pipeline iwas as and water rights maks na a total investment of the company has several hundred acres of placer ground and calculates that it will require about eight years to work all of it where it has been tested the values run high sixty seven acres showing average values of 1 per yard it is on this gravel that two monitors are now tearing down and sluicing from 1200 to 1500 yards a day the estimated cost of operations is placed at 3 per yard but this is considered rather over than under what the demonstrated costs will be it is probable that the operations 4 6 S V 44 L intake in jett canyon round mountain mining co during the summer months will net the company about 1000 a day the main tailrace is 2700 feet long with two laterals literals late rals feet long the tailrace tail race is paved with cedar blocks for 2500 feet which will be taken out at the end of two years and burned and the gold recovered while the placer deposits of round mountain have been w worked for a few months each year for the past seven years a shortage of water has retarded operations on an extensive scale until quite lately the placer deposits have been of secondary con sid era tion attention having been devoted to development of the mine which has been opened to a depth of 1000 feet on the rather flat dip of the veins the mill treats tons a month the gross production being from to during the past year a massive vein of quartz has been developed vel loped in the country carrying fair values and the new water system will admit enlarging the mill and treating ore of lower grade about three months ago an imbor tant ore shoot was opened up the shaft on the foot level and recently this ore shoot was encountered feet deeper it is five to eight feet wide and the average samples from the drift the first two days were and 17 the discrepancy being due clue to the occurrence of rich streaks the estimated average value of the shoot is 7 per ton the round mountain mining company has had an unique career having been engaged in litigation of some sort ever since its organization march 28 1906 until 1915 when controversies with neighbors finally were adjusted the company has gradually added to its holdings until now it owns acres of quartz and placer ground so pros A TJ JA A r ar I 1 at 2600 foot sluice box round mountain mining minin gt co paved with cedar blocks blacks berous has the company been that it has paid in dividends although seriously handicapped in its operations by eions forbidding the development of choice ground after completing payment for the pipeline there will be a balance in the bank is par 1 per share of which shares have been issued J R davis president of round mountain L D and W 11 california gordon of keeler webber of salt lake city control the company Z IT V I 1 it lot irv IX 2 hydraulic mining round mountain mining company and with net earnings of a month there will be no bar to the resumption of dividends the last dividend of ac per share amounting to was paid in august 1913 the authorized capitalization nick iverson the veteran saw mill operator of the canyon this week commenced to saw lumber which will also be used in erecting the pittsburg cabins the pittsburg will build boats with which to get their ore down to the loading station but year expect to have a tram train in next work worl order |