Show NEVADA MINING MEN BUY MINE AND FINANCE IT FOR OPERATION according to tonopah advices advises of the instant letson balliet nevada mining engineer and operator with three or four associates have purchased the castle rock properties thirty four miles west of tonopah To A close corporation po ration without stock issue and known as the castle rock mines company has been organized balliett J A logan william maupin and sol camp constitute the company compan pany with A H howe secretary sec fifty thousand dollars as working 6 capital has been placed in bank in order that operations can be undertaken and pushed on a cash basis concerning the proposition and property the tonopah mining reporter of recent date has the following to say the property consists of ten locations thirty four miles west of tonopah To from which free gold 6 old bannings pann ings have been obtained that are startling balliet whose estimate is lower than others who have seen it states that tons of ore should be available from within feet of the proposed tunnel level which will show a recoverable value of 20 a ton to make this property produce to its best a three drill portable compressor will be installed pipe cars rails drill steel and hand tools have already been secured balliet refused to consider second hand machinery and drills saying that he cannot mine economically with scrap iron to make this first tons of ore profitable balliet proposes to put on oil equipment that will permit the production of three tons per man mail on oil the payroll per day 11 1 he 1 e figures to remove tons in man shifts of labor thus making the labor of mining cost 2 a ton with labor averaging 6 a shift the average of three tons per man must include the cook blacksmith compressor man carpenters miners muckers duckers and truck drivers he allows 2 a ton more for supplies and overhead this means he must lay the ore down at the mill for 4 a ton it can not be done by hand work and can be done only with the best of tools if the mill costs can be kept under 6 there will be a 10 profit in the tons to be taken out the first year balliet examined the property three weeks ago at which time lie he be began bean an ne negotiating for an all interest last week lie he received a call to go to new york to help straighten out a canadian production problem but delayed the starting lon long ZA Z A enough to come collie to tonopah and buy an all inte interest rest in the castle rock property as a personal investment after clodin closing 6 the transaction balliet started saturday for new york but will vill return to nevada as soon as possible to begin begill work at castle rock 1 I know there are a t great many properties that produce more than tons ions in ten tell days and sonic some produce as much as six and twelve tons and even as much as fifty tons per nian man shift when steam shovels can call be used and I 1 do not expect castle rock to be a big thin thing the first few years said balliet if we get out awo tons in ill tile the first year at three tons per man we shall be satisfied though I 1 shall try to do even better |