Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1873-07-13
LOCAL MINING REVIEW.
For the Week Ending Jnly IL, ISL

staSnation observable in business of every
KIND for the week following great Ma
uonal holiday and its attendant excite.
ments but, though somewhat dull, we
have not perceived any symptoms of
Weakening on the part of holders of
mines; on the contrary, we have never
seen a more general feeling of confidence
in speedy reaction from the present in
active condition of the stock-market.
Work on most of our mines is being
pushed vigorously forward, and We hear
OF several new enterprises to be shortly
commenced. The new hosting works of
the Raymond & Ely mine are progress
ing rapidly towards completion, and will
be one of the finest and most extensive
works of the kind on the coast. From
Bristol, Highland and Hike, We receive
Intelligence OF a most encouraging char.
acter, and present some items of interest
from those Districts in our Review to.
day. We also give to-day some very in.
teresting statements in regard to the
mines of Cortez District, about two hun.
dred and fifty miles to the north of ri.
oche, and about the iron and coal mines
of Washington and Kane counties, Utah.
In this connection we would once more
urge upon the monied men who SWAY the
destinies of our camp the absolute neces-
sity of railroad communication between
Phoebe and these vast deposits of coal and
iron, Cheap fuel is prime requisite for
the economical reduction of our ores, and
that the price of such reduction must
more closely approximate to Virginia and
California prices before we take the po-
sition to which we. are entitled as a bull
lion producing camp, is fact patent to
every practical miner and business man
in the place. With railroad connection
with these, the natural storehouses of the |
fuel We need, the era so long looked for,
an abundance of custom mills, and cor
respondingly low prices tor crushing ore,
will come at last for capital, timid as it
proverbially is, can then hesitate no
longer to invest in custom mills which it
can be proved must be financial success
to their owners.
We have thousands of tons of ore, on the
dumps and in the mines, that would, in |
that event be Immediately converted into
bars Of metal, swelling ourannual bullion
product to figure that woald astonish |
the world.
For some cause or other an unusual |
reticence is maintained by every one con-
nected with this mine about its condition
and prospects. 1t is publicly stated that |
rich strike has been made, and GER
tainly there is some remarkably fine |
looking ore on the dump, but in the alb
sence T reliable information we can
only give 1t as werget it-mere rumor. |
We saw to-day in Wells, Fargo II Cos
Office three bars of bullion from ore of
the Newark, crushed at the Amador Mill !
containing i,S07 ounces, averaging $40 |
fine IN silver, and valued as follows |
Silver, s6,O27 10; gold, S!,1O5 42--to-
tai, 81, 1872 81.
PEAvINE.
Work on this mine has been suspended !
for the present, the developments hereto |
fore made having satisfied its owners
that it is mine of great richness, and
worthy to be opened on Il scale common
surate with its prospective value Ac-
cordingly it is contemplated to immedi-
ately start main shaft about 400 feet to |
the south of the present works, which |
will be sunk to Il great depth and the
mine systematically opened.
SPRING MOUNTAIN TUNNEL.
Sinking still going on in the winze on |
No. 3 ledge, with constantly increasing
prospects of soon encountering good ore. |
Since our report of last week, decided |
change for the better is noticeable, in hay |
ing penetrated to quartzte, with the |
vein much more regular and compact |
than heretofore. Are down about one
hundred and ten feet-working two
shifts.
The drift at the lower level is now in
about two hundred and eighty feet. 1t
is expected that three hundred feet will
strike the ledge. The anticipated devel-
opment when the ledge is reached at this |
depth in this old and favorite mine is |
watched with deep interest, as determining
the prospective value Of many mines in |
that region. We confess we have every
confidence that the Alps will soon strike
large and rich body of ore.
ALADDIN.
Still sinking on the ledge, which, at
depth of 143 feet, shows width of fully |
four feet, twelve inches of which is good |
ore. They are beginning to make quite
respectable showing of ore on the
dump. There is still some base ore in
the ledge, but it is rapidly changing its
character to that of the characteristic |
milling ores peculiar to Ely District.
LA FAyErrE.
This mine was located in 1869, and is
situated below No. 3, about 200 feet due
east from the Newark mine. A shaft has
been sunk on the vein about 212 feet,
showing a well-defined ledge all the way,
in some places over two feet in width of
good ore. A drift was run on the ledge
from the bottom OF the shaft, and the
vein at that point looked exceedingly |
well. Assays having been obtained as
high as $3.50 to the ton.
BowERY.
Working full force of men, and no
great changes in the mine to note, the
slopes and drifts showing about the same
as last week. Have been shipping ore to
the Amador mill all the week, but only
commenced crushing yesterday. As soon
as the result of the crushing is known It
will Be made public through the columns
of the RECORD.
PORTLAND.
On Tuesday Of last week large body
Of ore, fully three feet wide, was struck
n drifting on he ledge from the bottom |