Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1872-04-27
LOCAL MINING SUMMARY.
For tn. Week RndIns April ~, 1879.

.lUCAL MINING SUmMAkI,
For the Week EndIng April ~, 1872.
Stocks generally have ruled higf
under the popular excitement, ant
still remain so. This excitement ex'
ceeds all other previous ones, and men
women, everybody, have invested
more or less. The great majority ir
this section have gained, many have
become suddenly rich, while Others
investing recklessly, g%amblingly, We
may say, have lost all, even, In one In
stance, life. How long the excite
ment and consequent high prices viii
be kept up remains to be seen, but
from present appearances it will last
for some time longer. The fact Is this
the leading mines arc not priced at all
above their merits, but will rise still
higher, bringing up the prices proper
tionately of all Others, good, bad, OIL
Indifferent. Outside influences will
alone control the matter as far as true
merit In each outside case Is concerned,
while the regular good mines will 60
I'D or down on their own particular
merits. Below we give the present
miu,ng situation:
Belcher.
Daily yield 300 tons, all from the
1lOO-foot level. Slopes all looking
and yielding splendidly. South drift
at this level in 5GG feet ; faco In por-
phery. 1t will soon be In far enough
to commence drifting from 1t to where
the incline from the old upper works
and shaft will intersect it. The south
DRIFT at tho l2O0-foot level Is now In 90
feet from the Crown Point line, all the
way in very fine ore, the average as
saws of which are $500. although some
oft, of the pure black sulphuret order,
will assay far above that. Tho Incline
from the upper mine has not been
sunk any this week, rs they have been
putting In the car track and making
other requisite preparations for system
attic working. A meeting of the stock
holders Ia called for May Gath, at San
Francisco, to decide upon an extensive
increase OF the capital stock, as indi-
Gated by advertisement In another
column.
Savage.
Owing to lack Of mills, the amount
Of orc crushed Is comparatively small,
only two small mills of 60 tons capao-
ity each being kept running. The mine
Is In fine condition for the extraction
of $50 tons or more per day II required.
At the l5OO-foot level the drift Is In III
feet from the incline aud a cross-cut
has cut into the ore body extending
down from tue level above, as 1t was
expected to do. The extent OF the
body at this level Is of course unknown
and undeveloped as yet.
Hale &c Norcross.
Daily yield ITO tons from tho upper
The ore body at the 14OO-foot
level, as developed by prosecuting, Is
S. feet wide, and of very fine quality
than any above. The stock In
this mine was increased one-half re-
yet before the old stock Is
In, the Trustees are now pro-
to treble even that increase,
making 1t 100000 shares, valued at
500 each aggregate capital stock
slo,40O, 900.
Kentuck.
Yielding IS to 40 tons Of ore per day
to keep the DEVILS Gate
mill running. The drift through the
l3OO-foot level being run by the Crown
and Yellow Jacket Companies
for an air connection, will be compile
ted In about two weeks. A cross-cut
made during tho last few days from
the Yellow Jacket portion OF this drift
east through the ledge matter devel-
oped no ore.
RuIiisn.
A drift IL now In 200 feet southwest
from the shaft, being driven to inter-
sect a fine vein of ore found at the 500.
foot level. This vein Is eight feet
wide, and assays we'll. No other de.
At n special meeting OF
the stockholders held April "a, the
stock Of the company was in-
creased from 5000 shares Of the par
value of %. 900, 900. to $4,000 shares Of
the par value Of 81 500, 600.
Inperial. Empire.
A new station is being opened for
the incline at the 1G50.foot level and
drifting from this and the l5OO-foot
station will shortly commence. TO
prospect the ledge from those points.
This will open out $50 feet vertically
Of altogether unprospected GROUND.
Good and important ore developments
may well be anticipated.
Daney.
Still better indications ut the 60O-foot
level. The shaft Is down SAG feet and
tbs work is vigorously being carried
Onward BY Superintendent McClel-
and. He proposes bringing out the
Daney all right before long. Some W
feet further will carry the snale o1Wa
10 its intersection with the ledge, when
good may be expected.
Ophir.
Still drifting at the HOO and 1900
foot levels. Cross-cutting at the llW
has developed some small streaks OF
good ore. No prosecuting as yet at
the 1900. When the management gets
ready, several cross-cuts Will be made
simultaneously, and good ore found.
Looking still better and yielding
better. No particular change In the
nina f0 nnfa okherwfsp-