Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1872-04-13
LOCAL MINING SUMMARY.
For the Week Endlus April Is, 1871.

Still higher has ranged the great
Stock excitement since our last weeks
summary, and there are little or no
signs of abatement just at present.
Many are predicting sudden and dis
astrous fall, but as they have been do
ing 90 for the last six weeks, and the
fall comes not yet people will con-
tluue specializing wildly and confident
ly. taking chances on the break, lot IL
come when 1t may. Some stocks are
doubtless inflated above their real
merits, while othors really are not as
high as they deserve to 60, and will
60. Money Is plenty and mining In
vestments appear to be the most eligl-
BILE and remunerative at present. The
grand foundation of this stock excite
ment, however, 1t Is gratifying to
know, Is based upon real meritorlous
developments Of good paying ore at
the lowest levels. The Crown Point,
Belcher and Savage are looking better
than ever, and the same may be said
Of tho prospects at the lowest depths
Of the other deep prospecting mines.
Below we give the mining situation as
developed since our last weeks sum-
mary
Bslchcr.
Daily yield, 2s5 tons, from the LOO
foot level, assaying from 800 to $l20
per ton. The ore has been stopped out
265 feet south from the Crown Point
line, and the breasts are still in splen-
did ore. Above this level the ore.body
is being stopped out to the hight Of six
floors, showing no deterioration OF
quality, and holding out wonderfully
In width. At the track floor Of the
level mentioned the ore-body Is % and
100 feet wide, and at the fourth floor
above 1t IL worked to the width of so
feet, and no east wall Is yet reached.
The floors above are not worked 80
wide as yet. A continuous wlnze con-
nection through from the 1,10O to the
0OO-foot levels is made for air and also
for sending down ore and waste. At
the 900.foot level a cross.cut devslopes
81 feet of good ore, showing a contln-
uous body Of ore through to the lowest
level. The south drift At the 1,l00-foot
level Is In $40 feet from the Crown
Point line, and the face Is In porphyry.
The drift from the bottom Of the winze
connecting tho LOO and 1,20O.foot
levels, 60 feet south Of the Crown
Point line, is completed through TO the
Crown Point ], 200-foot level, giving q
good air circulation. This drift passes
through very rich ore. In the old
upper mine the main working incline
is now down 31S feet below the $780,
foot level. and Is being rapidly sunk
deeper BY four shifts Of miners work.
ing six hours each. The foundations
for the two new 90 horse power hoist
ing engines are being prepared, the
pump engine Is already In place ready
to work, and the pumps arc about all
placed. All the machinery will be
ready to run In about a month or six
weeks.
Savage.
Owing to lack of milling facilities,
this mine is producing but a few tons
of ore per day at present. There Is at
least $500 tons In the dumps awaiting
transportation and milling. This i'm
peding difficulty will loon be obvisted,
when, with present facilities, from 26O
to 300 tons per day will be extracted.
The drift south from the incline, at the
l500-foot level Is now In 80 feet, and
has 40 feet further to run In order to
reach a point directly beneath the good
body Of ore found Mt the level above.
It progresses at the rate Of four or five
feet q day. The winze connecting the
1900 and 1400-foot levels Is $50 feet
south of the incline, and 30 feet north
Of the Halo & Norcross line. There
Is no Wine from the 1400 to the 1900
foot level. One WAS started 105 feet
south of the incline, but 1t had to DO
abandoned on account Of water, there
being no pumping facilities.
Halo g. Norcrsss.
The main incline Of this mine Is now
80 feet below the tenth station, or
1,50O-foot level, and to-day the pump
Is being put In place below that level.
The excavation for the station at this
point Is completed, and q drift Is being
run to cut the vein directly east Of the
incline. 1t Is expected that this drift
will reach the vein within three or
four days. At the next station above
1.-THE ninth they are running q drift
north In the west wall, close to the
vein, which 1t touches In some places.
The prospects along this DRIFT, 30 far
as known, are exceedingly favorable.
1t Is expected that very Important de-
velopments will be made In this mine
within the ensuing week. A stock
holders meeting will be held on the
18th, to increase the number Of shares
from 5000 to $4,000.
Daney.
The shaft Is down 524 feet and still
sinking with good progress for the 600
foot level. The drift on the 60O-foot
level Is In 16O feet north on the vein,
with favorable indications. The work
being done at present is confined prin-
cipaiiy to drifting on the 500 and sink
Ing the main shaft. At distance of
$50 deep they expect to encounter
tho vein In the main shaft, at which
point 1t IL reasonable TO suppose that
there will DO a good body Of ore de-
veloped,~ according to present indlca-
tions. The present assessment will
leave the company clear Of indebted
ness.
Crown POint.
The immense daily yield of ore and
bullion from this famous mine con-
tines undated, There are no new de-
velopments to note since our last
summary. All the ore breasts are
looking splendidly, as usual. The
Yield for tho month OF March was TO-
753 tons, Of the milling value of $780,
s4S Oh, averaging &5S 81 to the ton.
The machinery all works finely, and