Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1872-06-27
THE NEXT ORE STRIKE.


Now that the great ore deposit Of
the Crown Point and Belcher mines has
become so well developed and defined,
q natural anxiety exists as to which
will be the lucky mine in which a sim
liar rich and extensive body will be
found. So far as at present known,
the next best indications Of such de-
post, outside Of the Yellow Jacket, lie
at the bottom of the Savage and Halo
and Norcross mines, yet the promises
In that direction are nothing as conf
pared with those given in the Crown
Point from the very first. The Gould
and Curry, nor the Ophir show any
thing very encouraging at the lowest
levels, and the good, excellent paying
ore bodies Of the Chollar-Pot are
all In the old upper part of the mine,
nothing whatever having been found
In tho deepest explorations. It may
be that it Is now the turn Of the Impe-
rial Empire to "strike it." and indeed
the result of the present deep explora-
tions are watched with eager interest.
Ti:eje explorations are To- where
good bodies Of ore ought to exist, even
though they do not, and in the long
distance which the drifts have to run
in passing through the ledge to the
east wall, something good in that line
ought surely to be developed. We no.
t,ce, however, that the good bodies OF
ore generally run In clusters, or In the
vicinity Of each other, therefore w In
cline to the opinion that the deep ex-
plorations Of the Yellow Jacket, Ken-
tuck, or Overman, on either side Of
the Crown Point and Belcher deposit
are more liable to develop similar de-
posits than any other mine, farther
remote. However, time will show.
Speaking Of the general mining pros
poets of this section and State, the San
Francisco Alta says:
The mines are progressing, and the
great wealth which ut first attracted
attention has become still greater, ex-
ceeding even the widest estimates of
the hour of excitement, and purchasers
are again becoming active. The pro-
ductiou of the metals will be very
large, and of the 100 and odd new
companies started, a considerable pro-
portion will add to the stream Of pre-
cious metals. The change which has
taken place In the Ely District within
a year Is marvellous. At this time a
year ago the only mine there that had
Il show Of ore was the Meadow Valley,
and that was very far from being In an
encouraging condition. having stopped
| its dividends for soms time. The Ray
| mond s. Ely was then working Its
| Burke and Creole shaft with little sue
cess, and the stock was at $l5. Soon
after, or early IN August, the enter
| prising Superintendent struck the top
Of the rich ore body In the Panaoa
ground, which has since given $780,
900 to the stockholders aud raised the
property Of that region to al enviable
height. There are now there, includ-
Ing the Meadow Valley, twenty-five
mines, with very rich developments,
all OF them working with every pros
pect of brilliant success. The Ray.
mond Il Ely and the Meadow Valley
have demonstrated that tho ore Is In
true assures Of unsurpassed richness.
The veins do not reach the monstrouS
width Of 100 to 200 feet, as In the
| Crown Point aud Belcher, but the pulp
assays are $2l2. The orc In the
other mines runs very high and
the out.turn Is limited only By
milling capacity. A railroad must soon
penetrate both that region and the
| Eureka, which Is BY no means second
In value. The Eureka Consolidated IL
producing largely aud will resume Its
81 so dividends in August. The other
mines Of the section partake OF the
great prosperity which attends IL. In
all the mining regions the prospects
are BRILLIANT aud, rs on the Cotnstock,
there Is no reason why the Crown
Point should be the only poSsessor Of
vast wealth. The time vas when the
Gould It Curry had a worldwide rep
| utation for the vast wealth In the up
per levels. Gradually every mine on
the ledge had Its turn at different
depths, as Crown Point aud Belcher
now have at great depths, and each
will again have its turn. The Crown
Point has found the largest body yet,
but at greater depths aud more 10 the
east than the others. Which mine Is
to make the next largest discovery no
man t.ln nrplict.