Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-05-17

OF the town are leating out very rap
idly.
LOCAL MINING SUMMARY.
Fer the Week Rndins May ~, 1879.
During the week, stocks have fluctu.
atsd considerably, some descriptions
falling nearly or quite one-third from
the first of the week until yesterday,
while others. like the Baltimore, stood
firm. To-day shows a revival In
most stocks on the list, with an
advancing tendency, which may be
continued next week. The precipitate
fall In prices, which almost resembled
panic, was caused, doubtless,
by a rush to realize on the
high prices, and perhaps q tenn
porary stringency In money mat
tiers. This appears to be a highly "a
vorable and fiourishing season for so.
called wild cal" mines and stocks.
We contend, however, that. the term
"wild cat" as generally applied. il
unjust ; that there Is no real ''wild cat
on the list Of mines in this sec.
ton. It Ia true that many old
long unworked and obscure claims are
being resurrected and brought Into
notice, and work is being resumed on
many which would have remained
perhaps forever idle were 1t not for the
present mining excitement. But the
fact ID demonstrated that many mines
which lave been esteemed heretofore
to possess little value r now
justly coming Into notice upon
the basis OF real developed
merit. 1t is not long since the Beleher
was considered wildcat, and the
Crown Point was to have been shut
down as OF no value had 1t not been
for the timely discovery Of that im.
mensely valuable and startling
ore development at the lowest
level. Many persons even class
ed the Baltimore as wildcat
and even included the Silver Hill, JUS
tice. and other prospecting mines, in
that category. 1t is only a few weeks
ago that even the Woodville was called
by some Of the people and papers Of
San Francisco "wild cat" yet 1t Is
now turning out bullion at the rate
Of $1,000 o day. All prospecting
mines, having any sort Of decent pros
poets ahead. are liable to turn out good
some day, therefore deserve a more en-
couraging.name than wildcat" But
enough Of this. Below we give what
we know about the mines:
Phil. sheridan.
This mine, situated on Cedar Hill,
between the Utah and Sierra Nevada,
is one Of the most promising locations
on the north section Of the old Com
stock and possesses a considerable de-
groe OF intrinsic merit, although 1t has
not been worked since last Fall. A
large amount OF work has been sx-
pended upon 1t In prospecting opera
lions, and moro has to be In order to
properly develop the bullion resources
Of the mine. A tunnel has been run
400 feet in length which, after passing
through one vein Of gold and silver
bearing quartz three or four feet in
width. terminates in a large body OF
the same. An incline following into
it some distance, and a shaft sunk 80
feet failed to develop its extent.
From the bottom OF this shaft a drift
was run 20 feet west and an Incline
commenced In the ledge. but encoun-
teriny considerable water, 1t had to be
abandoned. Enough work has been
done to ascertain that a large vein of
very promising quartz exists there,
which assays from SIS to $50 aud up
wards to the ton In gold and silver.
Some OF the ore Is soft, and the whole
OF 1t Is easily worked. In places 1t il
considerably impregnayd with cop
per, and the whole strongly resembles
the main ore vein Of the Sierra Nevada
mine, Of which It Is evidently u con-
t~inuation. A the present workings
could not BIZ continued to advantage,
the company propose sinking q work
Ing shaft east OF the vein and below
the Goiger Grade, from which a drift
will cut tho vein several hundred feet
below the present workings, with q
good prospect OF opening out a mine
equal to either Of Its illustrious neigh
bors. Continuous and undisputed pos
session for over ten years gives 1t a
good title.
BaltImore Consolidated.
Drifting south at the first or 225.foot
level, following the ore body. The
water Is entirely out Of the shaft, aud
during tho coming week the merits Of
the new strike at the second or $50
foot level. made a week ago. will be
more fully demonstrated. The ore
deposit OF the upper level Is thirteen
feet wide where IL was first. cut through
aud the drift passing onward, cut Into
an evident continuation of the same
ore body. The lower face of the DRIFT
Is In fine ore and the whole distance
from where the ore body was first cut
into, to the face Of the drift, Is about
81 feet. The unexpected finding Of
the ledge so soon ut the lower
level shows the ledge to lie at
a much flatter angle than was cal
culated upon. Good ore being found
at that point, also indicates that the
ore body Is continuous between the
two levels-a distance Of $50 feet. fol.
lowing the dip OF the ledge. How
much deeper 1t extends Is Of course
not known as yet. This gratifying ore
development Is the most important
since the discovery Of the Crown Point
and Belcher deposit, which has yielded
30 many millions Of dollars. Al.
though not altogether unexpected, II
turned ont richer than was anticipat-
ed, and stock manipulation and pull
ing for control has since somewhat re.
tardsd development, but those little
matters are settled now, and the prac
tical development Of the mine will b.
actively pushed ahead. The manage
ment of the Baltimore deserves abund