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California Mining Journal (PH 16-11)(July 1937) (30 pages)

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Page: of 30

California Mining Journal, July, 1937 Nine
. Confidence Mine Completes Initial Run; a Good Clean-up
CALIFORNIA STANDARD DOWN
Following a recent annual report sent out
by the management from its New York
office the California Standard Mine at Stent
closed last week, Manager A. F. Muter stating that strike conditions had tied up the
movement of their concentrates at Selby.
Vice-president K. B. Little’s report is as
follows:
“We are pleased to hand you herewith op=
erating results for the first four months of
1937 and some interesting comparisons with
results for the preceding ten months ended
December 31, 1936.
Big Increase in Production
“Tt will be noted that gold production for
the four months was $79,939.12, which is at
the rate of approximately $240,000.00 per
year, which is substantially ahead of production of $143,970.64 for the preceding ten
months. During the four months, over 11,000
tons of ore were milled with an average
value of $7.61 per ton, compared with a
value of $6.63 per ton for the preceding
period. Recovery has averaged 95 per cent
compared with 90 per cent for the preceding ten months.
“Net operating profit for the four months
was $14,552.38 as against a loss for the previous ten months of $13,964.24. Net profit for
the four months after depreciation and
amortization was $7,523.87 compared with a
loss of $30,651.28 for the preceding 10 months.
Want Own Cyanide Plant
“Your attention is called to the fact that
we ship our concentrates to the smelter
and receive only $31.81 per ounce for the
gold contained in these concentrates. If the
Company had its own cyanide plant on the
property, it could convert the concentrates
into bullion and would receive $35.00 per
ounce for the gold produced. This difference
alone amounted for the four months to
$7,052.86. In addition, we pay a treatment
charge and a hauling charge; so that altogether, the cost of converging our gold
into cash amounted to $15,189.40 for the four
months period.
“The management estimates conservatively
that a saving of $.80 per ton of crude ore
could be effected by the treatment of our
Seucnueueeasosens
SONORA BAKERY
JOHN J. MUZIO, Proprietor
PHONE 711
Sonora, California
GCUECnUAuenueneusngeuseatieecennns
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HOTEL BAZINETT
J. H. BAZINETT, Prop.
All Modern Conveniences
FIRE PROOF
STEAM HEAT HOT WATER
Private Bath or Shower
ALL ROOMS AIR CONDITIONED
TAP ROOM
Angels Camp, California
cmpleting its first month’s run the Confidence Mine, operated by the Tahoe
Treasure Co., under Supt. W. J. Leigh,
has attained a capacity of 125 tons per day,
and is now on a full three-shift basis, employing a total of 65 men. The plant, modern
and up-to-date, is capable of treating 150
tons per day.
Mining in Rich Area
Supt. Leigh states that mining is now in
progress on the 9th, 10th and 11th levels. It
will be remembered that early this year a
heretofore unmined area between the 7th
and 11th levels carried an exceptionally rich
ore. Leigh reports the ledge to run from 4
to 12 feet in width and estimates it will
average a good 6 feet. The development of
this area is being systematically undertaken,
nearly 3,000 feet of drifting having been done
to date. The mine makes about 100,000 gallons of water per day.
Ball Mill and Flotation
Richard Krebs, metallurgist, in charge of
the mill reports the ore running 90 per cenit
concentrate, complete recovery at the mine
being made by flotation. Grinding to 80mesh is done with a ball mill, a regrind of
the concentrate being made with a pebble
mill, following classification.
Cal-Tech Students Visit Mine
June 26th twenty-one mining students
from Cal-Tech, Pasadena, under the leadership of Richard Hooper, instructor in geology, visited the property and were very
courteously treated by Manager C. T. Eastman.
The first clean-up at the mine was made
June 27th.
CENTRAL EUREKA RAISES PAY
Effective June 1, the daily wage scale at
the property of the Central Eureka Mining
Company, Sutter Creek, Amador Co., was
increased 50 cents per day in recognition of
loyal service of employees, according to C. C.
Prior, president, 111 Sutter Street, San
Francisco.
own concentrates, which on 11,000 tons
mined and milled the first four months,
would have amounted to $8,800.00; so that
the operating profit for the period on the
same tonnage would have been $23,352.38
or at an annual rate of a little over
$70,000.00 before depreciation and amortization and nearly $50,000.00 after depreciation
and amortization.”
@e THE “BAWL” MILL
By Jay Pee °@
@The Daughters of American Revolution
are warning against Communistic propaganda in the movies. They don’t have to go
that far when every politician and office
holder in the country is not only afraid to
oppose Communism but is actually playing:
in with the movement.
The D. A. R. should right now begin looking for some real Americans with intestinal
fortitude; when they find them, nominate
them for office and then go out and elect
them.
But the D. A. R. have forgotten all about
Concord and Lexington and the Green
Mountain Boys, and like many other Americans (or supposed to be American) organizations, are just drifting with the tide.
JAYNE BARALDI
PIONEER CAFE
Deservingly
the MOST POPULAR PLACE to EAT
In Jamestown
Appetizing Food at Right Prices
JAMESTOWN CALIFORNIA
NOW COMPLETELY
Air Conditioned
THE FINEST HOTEL
on the Mother Lode
Headquarters for
MINING INFORMATION
Special Rates to Mining Men
OUR HOBBIES: The Best Beds
and Good Food
SONORA INN
AND COFFEE SHOP
GUSTAV DAMBACHER, Prop.
Sonora, California
JAMESTOWN, CALIF.
Telephone
521
MINING SUPPLIES
HARDWARE LUMBER PIPE FITTINGS EXPLOSIVES CARBIDE
CORRUGATED IRON T-RAIL CEMENT
General Petroleum Products
Gasoline Diesel Oil Industrial Lubes
SPECIAL—2-inch dimension, 14-ft. lengths, good for mine lagging
$21.00 per M ft.
JOHN L. WITNEY, INC.
JACKSON, CALIF.
Phone 250
Petroleum Products Only.