Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1869-10-11
LOCAL MINING ITEMS.

AoSAA Az
-
Some little advance 10 mining stocks
was perceivable during the past week,
but present developments and prospects
in u principal mines would really
justify much better figures at the pres-
ent time. The terrible striugency in
the money market is what is the matter,
induced, or rather aided, by the suspen-
sion Of the National Bank of Nevada.
Just let finances become q little more
free and easy, and one marked effect
will be q rapid advance in our mining
stocks. At present prices stocks are
firm, and few cart to sell.
OCCIDENTAL.
At the 600-foot level, in the north por-
ton of the old mine, an extensive body
Of extra good ore is developed, and also
in the upper workings. The prospects
of the mine were never better than at
present. Tho face Of the lower tunnel
is in soft, easily worked vein matter, but
the main pay streak is not yet encoun-
tered. There is no increase Of water at
present. On Saturday last the regular
monthly meeting of the Company, held
at Virginia, resulted in the election OF
the following gentlemen As Trustees for
the ensuing year: William Weston,
j. NJ, Douglas, S. Sehlewick, 7. f.
Smith aud William WEIGH. Suisse
quently the Trustees held a meeting,
and elected the following officers:
President and Superintendent, William
Weston; Vice President, S. Schlewick;
Secretary, A. Reynolds.
YELLOW AcXEr
About leo tons per day is the present
Weld, principally from the 9oO-foot level
Of the north mine, where the air is now
better than in tho south mine, where
the principal ore production has come
from heretofore. The winze between
the 700 and 8o0-foot levels Of the north
mine, still lacks q few feet of compile
ton, on account Of the great seepage of
water rendering it necessary to timber
it thoroughly. The connection will be
completed in a very short time now,
when the air circulation will be abuud-
ant and complete throughout the entire
mine. Preparations will all be COM
pleted for the free extraction of ore in
large quantities when the railroad is
completed to this point, and not only
from the north shaft but also from all
other portions Of the mine.
KKNTUcK.
This mine is yielding a very large
amount Of excellent paying ore at the
present time, principally from the 500
foot level, which is now worked through
the Crown Point mine. Subsequent TO
the FIRE, the 900 foot level of this mine
was opened through the 90o-foot level
of the Yellow Jacket, but the pay streak
proving to DO narrow, it was raised on,
and 100 feet above found to be much
wider. The result is q heavy addition
to the bullion receipts Of the mine.
Some of the other levels, especially the
upper ones, are yielding well. Five
mills are now running on ore from this
niue, and the Pacific millalso would be,
were it not for the scarcity OF water.
CROWN POINT.
Tho east wall Of the ledge at the l,l00-
foot level was finally reached day before
yesterday, without indingany ore at all
in any portion Of that level. At the
l,00o-foot level, above, q small streak
or so of ore was found, but not enough
to pay; active explorations, however,
are going hopefully on at both levels,
but the chances for paying bodies Of ore
arc not good ut present. Tho mime
Yields no ore whatever. There is plenty
of the low grade article in the upper
levels, but this will not be disturbed
until the railroad is completed, when 1t
will be run down to mills on Carson
river.
SIERRA NEVADA.
The now ledge recently developed in
the winze below the car track level as.
says S35 per ton from a samples, ana
shows improvement in both size and
quality as sunk deeper upon. A huge
body Of pay ore is also developed at the
westerly end Of tho surface workings,
apparently enough to keep up the pres
emit dividends for some time yet, to say
nothing of the other good surface dc.
posts. The regular monthly dividend
of so cents a share or 81 80 per foot
for the present month, was declared on
the 18th instant, payable to-uay.
cHoLLAR.PoTosI.
Present yield about 40 tons per day.
The western portion of the Blue wing
section is looking remarkably well. Tne
drift west from the old Grass Valley sta
ton has developed an extensive body OF
ore, assaying on the average nearly sSo
per ton. A dividend of 81 per snare
aggregating 10000, was declared on
the 9Th, payable last Friday. The total
Weld for September was Sll6,66 7o-a
decrease Of S32,73 10 from the August
account.
HALE 4 %SoRcRosS.
About $50 tons per day is the present
ore yield of this mine, OF wnien TUG
principal portion comes from the ,nira
station level. A new vein OF excellent
ore, about tLree feet wide, is cut by the
esst drift from the 500-foot level. a
station is opened at the l,loo-foot Level,
and drifting has already commenced
from it. Sinking deeper for another
level, 100 feet below, is being actively
prosecuted.
GOULD 4 URRI.
The old portion of the mine is show,
ing a little bstter-and the daily yield
therefore is about so tons of ore per day,
assayiug over $40 per o Il. The aggre-
cato receipts for September were S44,-
s44 10, being an increase of 9,ll3 over
August. The south drift at the 18th
level is 100 feet in length, showing only
porphyry mixed with clay the same
may be said OF, the north drift which is
6s feet in length.
ALPHA.
A drift north is now being run from
the l,loo.foo level of the Imperial, to
prospect the Alpha at that depth. The
drift is already in about 30 feet, and ITO
fee. further will carry it past the north
line of the Imperial, into the Alpha
ground. Owing to the settling of the
sronnd. the old shaft is crowded out of
Shane. and no longer available for ore
boistinc purposes ; the hosting works,
therefore, are also of no further use in
that place.
LADY BRYAN.
rbi, valuable mine continues yielding
rsll from the late developments, al
,houoh nothing particularly new has
han found since our last report. The
bVSa .. lN;n. al