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Show MINING NEWS NEVADA HILLS AFFAIRS IMPROVE Announcement has been made of a deal recently consummated that is or Imnortance to the Nevada Hills Mining Min-ing companv in affording it a suppl) ot water sufficient to Insure against a shortage at all seasons of the seat-By seat-By the terms of an agreement made at Philadelphia by Charles E Knox, one of the directors of the Nevada Hills company, and Frank A. Keith, a director of the Falrview Pyramid company, the Nevada Hills will be enahled to ex'nd its north crosscut on the .Vi-foot level into the territory of the Pvramid companv to develop water in this ground for the Nevada Hills mill, says the doldfield News It is said that an important vein I fourteen feet wide and carrying , seams of high-grade ore has been cut at a point 2."' feet north on this level, anq with a 11-inch seam that aver- ages S20 per ton. The belief of the I management Is that this Is a Junction or consolidation of the "Wingfleld" and "304" veins. The work for which I the? agreement provides is now in progress. The cbmpany has Issued its Jauu-lary Jauu-lary report, showing net profit of $12.-I $12.-I 929.01. The mining profit, ligured on 2738 tons milled, was 113,160,91. Sub-I Sub-I trading from this $2:i.rtu for con-( jStruction open es, gives a net return ' p? ton of $i 7. The total milling for the month 1 brought $46,550.94 From this is deducted de-ducted $".4.1.6" for loss in tailings. Net costs were 127,844.38, or JH IS a ! ton. .Mill results show a recoverv of 13.3 per cent by concentration and a recoverv of 7-1. S per cent bv cyanida-1 I tion. making a total recovery of 88.1 i per cent. Four hundred an.l sixty- nine feet of development work was done during the month according to 1 thj report The milling cost was ?T77 per ton. the marketing 6.j cents and the actu-1 al mining $4.57 In the summari of costs $2ii,O0O Is set down for depre-j ciation of buildings and equipment, t and a debt balance for the month of $7110. 0!t remains Among the genera) gen-era) expenses is listed 1466,34 for run-, 1 1 : n c the Reno office. $992.01 for administration, ad-ministration, 1353.05 for liability Insurance In-surance and $160 for property tax The excess of the resources over the liabilities is listed as $43,128.7 when 7",000 for hills payable Is deducted de-ducted from the apparent resources) of $118,128.74. Among the resources is listed the Pacific Power company's i note lor 1816 12 $169r. 07 in accounts receivable; $36,907.67 cash on hand and in banks. 152,257.67 ca8h on hand and in house, and $2144.02 in concentrates concen-trates awaltlnp shipment. On February in another note of ! f25,000 nd interest wbs paid re-j re-j ducing the cash reserve that amount. JARBIDGE SHOWS AN ENCOURAGING SPURT The recent strike of S20i.ii ore in the Klaxie mine at Jarbidce has caused renewed activity In this KIKo f ;ni camp. When the eln was first struck tvnty-slx inches on the hanging srall wenl $. ier ton. then a "horse i four feet wide was encountorerl ; the 1 int eight feet was ore that careful ! sampling showed averaged a trifle I better than $4. clear across The ' next eight feet pave an average val-ue val-ue of $120 per ton. hut a two-Inch BtrenU on the footwall was of sperl-' sperl-' men ore A drift is being run on the footwall, and In going twenty feet the rich streak widened to sixteen Inches and the average value is s200u per ton In the last week the streak widened to tvventy-fonr inches, with the same values maintained There are also three shafts on the I Fl;tlc. the deepest ot which is elghtv feet From the bottom of this shaft a drift was run 245 feet to the south For the first thirty feet of (his drift tin- ore was quite low grade, but from the thirty-fool to the 2l."-foot point the ore will average about ISO to the ton Hodges Rrothers of Hruncau. Ida and Harp Hilts and James John- m Jarbldge arc the owners of the Flavin The muster group is perhaps the j best developed in the camp A shaft was first sunk, which is down eighty-I eighty-I s I s: feet with a drift to the north of fiftv feet. At the fifty-foot point a crosscut shows the vein to be sixteen feet wide and the ore here averages I nearly 620 to the ton. The average value of the ore In the shaft, drift i and crosscut Is about $20. I There are two tunnels also on the Bluster, the first cutting at depths of LOO and 200 feet on the vein The footwall of the upier tunnel was ! drifted on for several hundred feet and the ore maintains consistent val-I val-I ties of about $20 to the ton. Tn the lower tunnel the company now has I four crosscuts on the vein The vein ! varies from thirty-four to forty feet In width, while the ore Is from four feet to sixteen feet wide Ihouf 360 feet of drifting has been done on the footwall, and I he ore takine rood and bad, will average $1 to the ton. j National Miner. |