Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1872-07-20
LOCAL MINING SUMMARY.
For tho Week s,alas Jai, ao.l, 1874

what Of a decline this week, ending
however with rather an upward ten
iency and good promise Of a better
market next week. The cave In the
Crown Point mine Is more disastrous
than has been represented, and exer'
clses a depressing effect upon stocks
not only in that mine. but symPathet'
Icslly all others. The new ore body
in the Imperial looks more promising
and larger as further developed. A
strike of good ore was reported In the
5,vage last Sunday, but 1t did moi
amount to much. Below We give
what we know about the mines:
Savage.
Daily yield Ito tons, worth SIS pei
ton. Last Sunday evening n very fine
appearing body of ore was struck III
the east cross-cut Of the south drift on
the lSOO-foot level ore that many Of
the best judges, in fact the best mlntng
experts Of the Comstock ledge would
without hesitation pronounce worth
from $40 to 800 per ton. But not.
w~lthstanding the many declarations OIL
It's worth, and the sudden jump Of the
stock from $40 to $40 per share,
when 1t was assayed and thoroughly
experts and all had to acknowl.
edge that for once they were deceived.
The indications thus far are certainly
for finding n good body oil
ore OF, this level, but the development
IS yet shows nothing better than orc Of
Il low grade, assayimg from $l5 to S3u
per ton. Sinking the main incline Is
\ little slower than ut our
last report, the rock being somewhat
harder; but 1t Il all the better, as 1t
will cause but little delay and make a
much better incline. It Is down about
90 feet below The l5O0-foot level. The
annual meeting Of the company was
held day before yesterday. when 1t APP
peared that the total receipts Of the
year amounted to $l.05l.40j, and the
disbursements to 81 1850, 706, al excess
SIS, 800 over the receipts. The old
OF Trustees was reelected, as
follows: j. A. Pritchard, President;
John F. Miller, B.. Pearl, VIM. Kohl
aud S. Steinhart. superintendent, A.
c. Hamilton; Secretary, +. b. Holmes.
Crown Point.
4. disastrous cave occurred yesterday
morning, commencing at the l2OO-foo,
According to what information
we can obtain, It extends the full
of the mine at that point, about
I25 feet, and follows up the east wall
nearly or quite to the ll00-foot level,
and the timbers are settling even above
chat point. The cave Is over $50 feet
In length Mt the l200-foot Lowell, and
was caused from lack Of suitable TIM
and filling In. 1t extends to
100 feet of the Belcher line. and
Is In reality n very bad cave. We do.
rive this Information from miners and
who are supposed to know, yet
hope the disaster Is not half rs bad as
represented. There Is plenty Of orc
in the mine, however, which can be
got at, out Of the way Of this cave,
the yield will be kept up as
fur as possible.
Quite an accident occurred ut this
mine last Wednesday evening In the
breaking Of the bed Of ono Of the
hoisting engines. The accident hap.
while hoisting load Of rock
from the shaft and with apparently no
unusual strain on the machinery
therefore no cause can be assigned
other than a defect In the bed Itself.
Another bed was Immediately ordered
from below. and 1t Is expected that the
will be complete aud that sink.
will DO resumed IN about two
Work progresses In the north
Lrift Of the ll00-foot level. with no
change of any consequence to note.
The work Of repairing the 7O0-foot
level Is completed, and u DRIFT running
west from a point 800 feet north OF the
main west tunnel has just been started.
An assessment OF Is per share, aggre-
ting $4,000, was levied day before
yesterday.
Yielding about IS tons Of ore pei
day. All the levels and ore breast:
are looking splendldly, and the ore
now coming out Is the best yet pro-
duced from the mine. The main In
cline Is $50 feet deep, following the
ledge, which Is found to be better and
better as. greater depth Is attained,
The south DRIFT shows a fine ledge o.
ore eight feet wide, which works $SC
TO the ton. The north DRIFT shows still!
better. The Thompson & Ramsdell
mill will Gtart up OIL ore from TIL;
mine next Tuesday, and before tho
end of the week still another mill,
The superintendent leaves this evening
for San Francisco, In order to purchase
machinery for a new mill Of the reqlii'
site capacity and excellence for thh
valuable paying mine. :
Reieher.
Daily yield, 275 tons. The cave In
the Grown Point mine did not affect
the Belcher, being 100 feet north Of It
rhe lO0U.toot level Is looking SPLEEN
dldly, and the ore-breasts and slopes
of the HOO arc turning out all the or,
requisite to be handled with due regard
to the safety aud proper securing o.
the mine by careful tilnberins and NIL
ing. This mine Is very Systematically
worked. with due regard to future IA:
we'll as.present profits. The main in
cl,ne has about 50 feet further to 70 tc
meet the drift west from the llOU-fooi
level. This will take about three
weeks yet, it being In tho hard west
country rock.
ChoiIan.PstssI.
Daily yield 200 tons, worth $42 pei
ton, principally from the Belvlder'
and Blue Wing sections. Repairing
the shaft Il completed to the third sta
tlon, which IL about sou feet below th'
surface. E~xcayating l. also com
md ~pntvnrfnl hOtIf