Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-02-12
C MINING ITEMS.


cross, especially. The Yellow Jacket,
at the close, exhibits indications of q
rise, based upon better developments
of the good ore recently found at the
1,0OO-foot level, in the drift from the
Crown Point mine. The decline in
Hale 6 Norcross is not due to any
uGfavorable appearance Of the mine,
but doubtless principally to the small
ness Of the dividend declared last Sat
urday, $6 per share not being a first
rate percentage on the price Of the
stock. Mining investments should pay
a return Of five per cent, which would
fix the price Of Hale & Norcross at
about $l20 per share; perhaps, how
ever, a larger dividend may be paid
next month. The Board of Brokers
at san Francisco have adopted 4 new
draft Of a bill to be presented to the
Legislature, having in view the better
management and regulation of mining
interpretations. The features Of this
new bill are that the corporate powers
shall be vested in the stockholders, of
whom a majority present ut a meeting
shall enact the bylaws, prescribing
the duties of trustees and officers. A
majority of shares may ut any time
remove the Trustees and elect Others
in their stead.
YELLOW JACKET.
The new body of ore found at the
1.0OO-foot level, by q drift from the
Crown Point, increases in size as drift
ed upon northward, and IS Of a very
good grade. 1t is a very important
discovery, considering the depth, espe-
cially, and its improved appearance
during the last three or four days
drifting in 1t, Is extremely encour-
aging. The sinking of the south shaft
deeper Is progressing very energeti-
caliy, about 80 feet Of it being already
accomplished. When it Is down to the
1000. or rather the 1,Q2O-foot level. a
drift 40 feet east will connect it with
the drift where the new body of ore is,
which can then, and not till then, be
advantageously extracted. The lower
levels Of the mine north Of the south
shaft, are yielding about 120 tons Of
fair grade ore per: day, and the upper
levels. through the old north shaft, are
Welding 40 tons per day, which Is
shipped per railroad to the Santiago
and Morgan mills, on Carson river, for
reduction.
There is yet about 175 feet of water
" q sl.n all ptnn NhrNItnh
the new shaft, in which the water Is
not much less than 100 feet deep yet.
The depth of water in this shaft varies
considerably, according to circum-
stances. Sometimes the drainage Is
more copious from the old mine than
mt Others. and then again some pump
or battling accident produces q tempo
rary cessation of hostilities, and q con-
seauent rapid rise Of the water, for 1t
REQUIRES the full and diliSent power of
all the machinery to keep the water
reduced. 1t will be some months yet
before they see the lower drifts again
ut the bottom of that waterlogged shaft.
SAVAGE.
That $40 assessment per share, just
levied, %aggregating $lG0,OO0. is the
most important recent development.
There Is little Of q very encouraging
character to be seen In any part Of the
mine, The receipts for January
amounted to $25, $50. Such average
Weld. added to the assessment, should
run the mine for considerable time,
even il the much hoped for better de-
velopments should not be made. 1t
has been some years since All assess
mcnt was levied on the Savage until
now.
HALE & NoECRoSS.
The daily yield is now about 200
tons; principally from the sixth or
lowest level, at which point the new
body developed continues to look eN-
cceding,y we'll throughout all the
breasts. The great size, extent, and
excellent character of this huge ore
body warrants the continued payment
Of regular monthly dividends for some
time to come. After paying the diyi-
dend of ~ per share u balance of $50
600 was carried over, toward the next
monthly dividend.
lNPERAI-EMPIRE.
The new hosting engine arrived
Yesterday. 1t Is 120-horse power, ~
inch cylinder and 4 feet stroke, link
motion. As soon as it can be got into
working operation, sinking at the 1ot-
tom Of the shaft will be resumed. The
drift north toward the Alpha, ut the
l.lO0-foot level. Is now in % feet. The
rock Is pretty hard, and it will take n
month to make the desired connection
with the Alpha incline.
GOULD 4 CURRY.
No particular Improvement, except
in the quality Of ore, which Is still
Welded from the old upper workings
nj the rate of about 10 tons per day,
ASSAYS averaging $53 per ton. Re
ceipts for January, $lS,23S %. Inc
northwest drift at the lowest level Is
in porphyry and streaks OF barren
uuar;z; no west wall met with as yet.
The faces of the other drifts show no
encouraging indications.
CHoII.AR-PoToSI.
This mine Is looking about the same
as at our last report, with no notewor-
thy change. The DRIFT west from the
new shaft, Mt the 450-foot station, Is In
over 100 feet and being driven rapidly
ahead. A dividend Of 81 per share
was disbursed on the 10th Instant
aggregating 81. 900. Receipts iSl
January, $ll5.283 81. Present daily
Weld, about $50 tons. Average assays,
$43
CROWN POINT.
Only porphyry developed rs yet In
the east drift at the l,l00-foot level. A
large amount Of low grade ore exists
i'm the old upper workings Of the west
ledge, the extraction and shipment Of
which will be shortly commenced. by
means of the branch Of the Virgins
and Truckee Railroad, now building tc
the dump of the mine.
oCcIDENTAI-
The lower tunnel Is being driver
ahead. following the east wall of TIN
ledge northward. at n vigorous rate
under the impetus of al increased force
of hands. In the course Of q couple o
months it will reach the point OF con
nection with the winze from the oil
mine above.
SACRAMENTO & MEREDITH.
Work has been vigorously com
meneed. under the efficient new Super
;ntendent, Smith, to open the min
p,l,o ,on,nnDr Will ave