Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1869-10-04
LOCAL MINING ITEMS. !.

LOCAL MINING ITEMS.
Quite a revival in the stock market
hos taken place during the past two OF
three days, based upon better develop.
msnts in several Of our leading mines.
How permanent this is, of course is
simply q matter Of judgment and spec
ulation, but from what we know of the
situation, stocks should sustain a rise
during the present week.
NEUTRALITY-SUSPICIOUS..
This mins shut down and ceased oper-
ations for the present, last Wednesday.
Mr.. Mcclellan, tho Superintendent,
practical miner, Of long experience In
this section, considers this q valuable
mine, and better than many others on
the Comstock at the present time. The
ledge 10 fully 40 feet in width between
the walls and of a very superior quality
Of quartz, extending unbroken to the
lowest depths at which it has been
opencd-some 325 feet. He found some
small spots Of very rich %sulphuret ore in
it, but the great bodies Of ore are OF
low grade, there being enough of this
from the l50-foot level up to the surface
to yield 80 tons o day for two or three
years. If the company owned a mill,
thus securing the profits Of crushing all
that ore, il would thus be made remu-
~nsrafive. The shaft has recently been
sunk to the depth Of 400 feet, ct which
level o drift east was commenced and
run in to the extent of so feet from the
shaft, at tho time work was suspended ;
100 feet farther east il would cut tho
ledge nearly 100 feet deeper than it has
vet been worked. That mine should
not be allowed to remain idle long, and
it probably will not be, when the pres
emit assessment 10 fully collected.
SIERRA SrvAD
A new and important discovery, or
development, is made in the car track
tunnel Of this mine, in a winze extend
ing 81 feet down. 1t is q vein OF white
gold bearing ore, which is being run
through the mill, and car samples Of
which average $40 assays to the ton.
The vein is larger than the winze, there
fore the true size of it can only be de-
yeloped by q cross cut. The excellent
body developed at the west end OF the
surface workings, is much larger than
was at first anticipated, and will furnish
plenty Of good pay ore for months 10
come. The second cleanup OF the mill
for September took place on Friday last
and yielded better than the first. The
usual monthly dividend of so cents per
share, or 81 so per foot, will be declared
on or about the 9th instant. II is a par
ticulsrly observable fact, that notwith-
standing the late excessive fall in mining
stocks generally, yet the Sierra Nevada
has been subject to but little tuctua-
ton. This is of course owing to the
continued regular monthly dividends,
and the excellent state and prosperity
Of the mine.
hALr 4 HoRcEoss.
One hundred aud thirty-fve tons per
day is tho present yield Of this mine.
The l75-foot level yields q good con-
tribution TO this amount, but the third
station level gives the principal supply
ut present. The fifth level yield has
fallen off vastly; not that it Is worked
out, but water and other adverse cir.
cumstauces interfere. The sinking OF
the shat, deeper progresses very salts
factorily, and it is proposed TO sink 1t to
the depth Of 1900 feet before stopping.
1t is now nearly 90 feet below the fifth
level.
INPERIAL-ENPIRE.
The shaft is nearly cleared out, n
sinking deeper will be rssumed in about
a week. One hundred feet moro Of the
south drift, at the l,0so-foot level, has
10 be cleaned out before drifting south
toward the Holmes ground, can be re-
sumed. The timbering 10 oil secure.
The old upper level, still continue their
usual yield. An assessment Of S25 per
share was levied last Wednesday, or the
capital stock Of the Empire, aggregating
$40, 900, and delinquent on the 4th OF
November.
SAVAGE.
The repairs to the main shaft will be
completed in about two weeks, mean
while the sinking deeper progresses sat
isfactorily. A deposit or streak OF ore
developed in a drift east, at the 9oO-ioos
level, some two or three feet wide, in-
ducsd quite a furry in the stock the
last day or two, and the old played out
dodge was resorted to Of shutting the
men down in the mine Friday morning,
but we understand they were lot out on
-. Saturday night.
The drift west from the shaft at the
7o0.foot level, is CAB feet this morning.
Some very encouraging indications in
the way Of clay and quartz seams, etc.,
have been encountered within the last
few days. The branch drift to the
southwest, which commences in the
main drift. 400 feet from the shaft, Is
now in l46 feet, and is more likely to
develop ore than the other drift.
VIRGINIA CONSOLIDATED.
The new shaft is now BAT feet deep.
The hard streak Of rock recently en-
countsrsd is passed through, and softer
excavation induces faster progress at
present. An assessment of 81 so per
share on the capital stock Of the COM
pany, was levied on Saturday last, ag-
gregating Sl7,4oO, delinquent on the
4th Of November.
GOULD 4 CURRY
Tho average yield during the past
week, from the old workings, at the up
per levels, was AZ tons per day, Of orc
which yielded an average assay Of $40
per ton. The prospects in the drifts, at
ths 7th or lower level, are not good
simply clay, ~porpbyry and streaks Of
barren quartz.
cHoLLAR.PorosI.
The ore in the New Tunnel section
still shows improvement in both guam
tity and quality, and the Blue Wing
section holds out the same as usual.
The present yield Of the mine is about
1870 tons, average assays being $50 per
ton. The new hosting works building
is rapidly approaching completion.
OCCIDENTAL.
The face of the lower tunnel is in soft
vein matter, yielding easily to the pick,
and requiring no blasting, the regular
pay streak, however, is not yet encoun-
tered. The annual meeting for the
election Of officers takes place next Sat-
urday.
YELLOW JACKET.
Nothing particularly new or exciting
10 report relative to this noted mine.
The 7oO.foot level Of the north mine