Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-04-16

day or two, yet this must be merely
temporary, for there is no substantial
reason for anything of the kind. The
mines are all right, and the latest
developments hold out well, with e1-
cellent promise for the future. Money
matters are easy. and an excellent
degree Of confidence and desire to
invest is quite manifest in the extcn-
sive daily sales ut good firm prices.
GOULD & CURRY.
Daily Weld, % tons; average as
says, $50 pes ton. The ore body III
the Ell Dorado section is looking ana
Welding exceedingly well. improving
~ further developed. The other ore
sections show 10 particular change.
The drift being run from the FL Do
RADIO tunnel to interSect the Potosi
body is lS5 feet In length. and will
reach its destination in about two
weeks. The recent Improvement in
this stock dates back to February 18th.
when, by the addition of Sl5 assess
meu,, the price was raised from $i0 TO
$St. By the close of that month IL
reached $S2, receding OH the last day,
however, to $7S. On the following
morning, the stock closed at S95. In
less than thirty hours thereafter, SlS5
was paid, showing Il gain OF nearly
100 per cent. During the following
fortnight, an upward tendency was
generally maintained. the eliminating
price Of $500 being reached March I'D.
This was the highest figure that Gould
& Curry has sold since April, 1868.
From $500 it subsequently fell rapidly,
reaching as low as $500, about 4 week
ago. 1t Is quoted to-day at S22o per
share.
YELLOW JACKET.
Daily yield $50 tons-loO of low
grade from the upper levels, and the
balance high grade from the lower
levels. The new body Of rich ore
found week before last at the 9OO-foot
level continues looking better rs fur
Their developed. 1t has been breasted
out about Is feet in width, and 10 h
extent Of so feet running north. IL
has also been raised upon three floors,
holding GU equally Il good rs at first.
Its extent is therefore at present to-
tally underlined. The body at the
l.O5O-foot level also holds out well.
The drift from the Crown Point l,loO-
foot level has passed Us feet north OF
the Kentuck north line, and Will. Ill
about 60 or 20 feet further north, arrive
beneath the body last mentioned i'll the
l.O2O-foot level of the Yellow JacEct.
IL ought to strike 4 continuation OF It,
and probably will do so. The assess
ment Of 81 per share becomes dcliii-
ouent in the Board to-day, II ut the
office of the company OF Monday next.
pEL.cuER.
Yielding daily about 80 tons OF good
ore, milling over $40 per ton on the
average. This is nearly all from the
upper levels. although some little Is
now taken from the new seam Just
developed at the 730-foot level. rms
new ore streak was found in drifting
southwark from the shaft, and the
noint of intersection il about 10 feet
from the south boundary line oil the
mine. The extent of II Is rs yet I'M
known. 1t ruiS in 4 northwest anu
southeast direction, and promises to
develop into 4 valuable and extensive
body. They have commenced drifting
upon it, and more will shortly be
known rs TO its real value.
oPIIR.
The water accumulation being all
out of the old mine. it Is easily kept
reduced below the 1OO-foot station oil
the new shaft by lean of the pump
and one tank, leaving n compare
ment and q free for hosting pur-
noses. The drifts at the IOO-foot level
are now being cleared of the debris
cayed. run in and accumulated while
so long submerged. This will take n
week or two longer. as considerable
repairing has TO be done in places,
when drifting west into the ledge will
be resumed. The upper levels are
yielding 4 few tons of fair grade ore
daily.
CROWN POINT
Yielding about 20 tons per day Of
low grade ore, from the 300. 400, and
sage brush" levels, all of which IS
worked ut the Petaluma mill. The
most energetic and thorough prospect
ing in any direction, fails to develope
ANYTHING mors favorable. The incline
from the main shaft. at the l00-foot
station is now down about 10 feet. fol-
lowing the west wall of the ledge ut
an angle of IS degrees. No prospect
ing ut the lowest levels at present.
SAVAGE.
C~ross-cutting at the Sth station hav-
ing penetrated Il day or two since be-
yond where q good ore strike was All
t~icipsted without finding it. the stock
took a sudden tumble. Those best
posted, however. say that it will take
80 feet more of croSs-cutting yet before
the interesting point is reached. The
main shaft of the mine is soon to be
sunk deeper to intercept and develop
the body of ore coming In from the
Hale Il Norcross lower levels.
ovEI,MAN.
Daily yield 1855 tons of fair grade
ore. No important changes to note
sinee u last report. Plenty OF ore IL
LIGHT TO last for many months, ever
sbould no more be discovered. IN
meeting of the company to axe INT;
consideration the proposition for mod
ifying the capital stock takes piac'
next Monday at San Francisco.
yielding 90 tons per day offair grade
ore, supplying the Sunderland ~ anu nrs a ~