Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-09-06
MINING SUMMARY.
For tho Week Ending sspt. 8, 1877

llloiO AtNSAJ " h'H~
having greatly increased and the prices
Of most Of the leading stocks consider
ably advanced from last weeks quota
lions. Ophir, which closed on Satur-
day last at $37H, rose to $s5 per share
and receded again to SIG, closing this
evening at Isl; Virginia Consolidated
advanced from sos to Sos Gould &
Curry from $40 80 to $l4. receding
again to $l2 90; Belcher from so to
s72, closing at 81 Crown Point from
SOL to sos, rooeding again to $50.
This sudden and heavy advance has
been caused principally BY tho devel-
opment Of very fl~atterlng prospects OF
new and extensive bodies Of rich ore
In the Ophir, Gould 6 Curry and Vir-
ginia Consolidated mines. The promis-
Ing developments on the lower levels
of these mines have drawn out In a
day, as 1t were, the boarded capital Of
greedy spectators, who were only
waiting the opportunity to invest, With
surety Of quick returns; and has given
renewed life, energy and confidence to
the entire prospecting operations along
the north end Of the Comstock ledge.
The Belcher and Crown Point mines
continue their usual rich Yield Of ores,
while their future prospects are even
more flattering than In the past.
Tho supply Of money In San Fran
cisco is good, at tho regular rates OF l
per cent. In the banks, and the Savings
and Loan Societies at 0 per cent; In
fact. the supply seems rather to In
crease than diminish, Business Of all
kinds is llvening up, and with the re-
turn Of a sufficient supply Of water In
the Carson river, to run the mills up TO
their full crushing capacity Of ore, we
may look for a very encouraging and
highly prosperous season for the fall
Of the year.
Below we give what we know about
the mines:
RoleheF.
The ore breasts on the 1000-foot
level are yielding splendidly. The ore
slopes on both the 1900 and 1900 foot
levels are looking aud yielding re-
markably we'll. The winze from the
l2OO-foot level, 205 feet from the north
line, IL down 80 feet, the entire dis
lance in fine ore. The main south
drift, on the l300.foot level, Il In 1886
feet south of the north line, and still
continues In good ore. The east cross
cut from this drift Is In 80 feet In fine
looking quartz, with occasional spots
Of good ore. The south wlnze from
the l300.foot level Is down So feet, still
showing good ore. The crosscut west
from the bottom Of this winze Is In %
feet, the last tour feet In very rich
ore. The main incline Is down 20
feet below the l300.foot level, the
rock in the bottom blasting quite
hard, and the sinking making
good progress. The station for the
l30O.foot level IL opened. and Il drlft is
being run to cut the ore body and con-
meet with the main south Drift from
the Crown Point niue OH the same
level. Owing to the great scarcity OF
water In the Carson river, the capacity
of the mills for crushing ore has been
greatly diminished, considerably les
SEEMING the bullion production OF the
mine for the past month, causing the
accumulation OF some 5000 tons Of ore
In the dumps, and making 1t necessary
to lessen the working force In the
mine, until such times as mills can be
obtained to crush the ore. a dividend
of IS per share, aggregstlng $4,000,
was declared yesterday, payable Sep
TENDER 10th.
This mine, located north Of the
Ophir, OIL Cedar Hill, Is n among
the old locations which has Of late
been coming Into more deserved no.
.tice through real intrinsic merit and
active development. Considerable
work Is being done on II at the pres
ent time, the proprietors e~xpending
their money freely In practically open
ing and testing their mine. They are
sinking a new working shaft, which Is
now 90 feet deep In a fine ledge five
feet In width, assays from which run
all the way from $l2 to 800 per ton.
It widens gradually as greater depth
Is attained, and when ten feet deeper,
or 100 feet In all. the company pro-
pose opening a station and drifting on
the lodge. Water troubles somewhat,
but preparations are being made to
put In n pump next week, when better
progress will DO made in sinking the
shaft deeper.
Crows Poiat RRviue,
From tho main west tunnel ut the
25O-foot level the company have drifted
90 feet south. tho last go feet being In
solid, hard blasting quartz. This, as
ascertained by a cross.cut at this point,
is 10 feet wide and assays from $3 to
$74 per ton. 1t Is as well defined q
body or streak as has been found on
the Comstock. and Is very likely to
lead into something much more extell.
| sive and valuable. A drift, run north
| from the main west drift, Ia In about
so feet, aud judging from the strlngers
| of fine looking quartz met with and In
creaslng Us the Drift goes ahead, the
prospects IRE good OF finding just as
good o body Of metal bearing quartz as
Is found in the south drift Water
gives little or no trouble, and the work
goes ahead finely.
Gould &c Curry.
Daily yield, 50 tons Of ore, which is
mostly extracted from the second and
fourth station levels. The ore Is
hauled to the mills and REDUCED ~ fast
rs extracted. The crosscuts east on
the l500-foot level have developed
quite a large body Of low grade ore,
which Is gradually increasing In value
as the development progresses. Tile
body Of ore recently developed In the
east crosscut from the main south DRIFT
OIL the 10000 level, south Of the In.
cline, shows a gradual and very prom
ising improvement. A considerable
flow of water is coming from the face
Of the Crosscut, which has not yet
reached the east clay wall. The cast
ore vein will undoubtedly be reached
in a very short time.
Baltimore Consolidated.