Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-06-07
MINING SUMMARY,


Fer the Week Ending Jane ., 1874.
Stocks generally have not shown a
very lively degree Of buoyancy this
week, and are rather dropping at
the close. A good market. Is
confidently predicted next week.
Savage is up and advancing,
but what upon does not seem to be
distinctly understood. When those
lower levels are properly ven-
tilated, the public will be al
lowed to know what the in-
siders know now. Rich ore Is the
word at present. Rich ore Is also
reported struck In the Arizona and
Utah, but We have no definite informa-
ton In the matter. Below we give
what we know about the mines:
Grown Psint
Daily yield 500 tons. The ore breasts
and slopes of the l3OO.foot level are
looking and yielding finely as usual.
Some very good ore streaks are met
with In the sill and third floor GROSS
cuts east. At the l40O.foot level the
east cross-cut from the main south
DRIFT is thought to be near the ledge,
from the indications Of water met with.
At the annual election of the COM
psny held ut San Francisco on Monday
last, the following Trustees were
elected J. ID. Fry, B. Peart, Robert
Sherwood, William kokl, aud j. A:
Prltchard; c. Elliot, Secretary. and
Samuel Jones, Superintendent. From
the report the Of the Secretary for the
past fiscal year, we condense the
following Items: There was l36,
SOB tons Of ore crushed, yielding &c.
AL, $50. The total receipts. including
n cash balance Of S644, 507 on hand
MAY l, 1872, were S7.105.6 600. Divi-
dends were paid to stockholders to the
amount Of 81, $50. 900. leaving a cash
balance on hand May l, 1873, Of
$l.S73.s9l !; other assets, $3.50, 1853; no
liabilities. The proportion Of gold in
the bullion was $4.2Sl.2 S4 ; silver, So
$50, 500. The average of gross yield
for the year was SAC 81 per ton, but in
the last two months the average Of the
18th level was over $50. The cost OF
mining the ore is IS So per ton /; Of
working, sll "a, making $40 81 per
ton. Another monthly dividend Of
$40 per share is expected to be de-
clared next Monday.
RoIcher.
Daily yield over 500 tons from the
four regular producing levels, that
from the lowest or 13O0.foot level
about $50 tons per day-being taken
out through the Yellow Jacket shaft.
The ore slopes everywhere continue
looking and yielding finely. The main
DRIFT south at the 1900. foot level Is In
223 feet from the Crown Point line.
with the face still In good ore. The
cross-cut east on the sill floor. 100 feet
south Of the Crown Point line Is In l02
feet, with spots Of good ore showing
in the face. The cToss-cut east from
the fourth floor, so feet from the Crown
Point line. Is II II feet, the face showing
no ore. The main incliae Is down los
feet below the l300-foot level, with the
bottom still in dry, hard blasting rock.
At III feet It will attain the l400.foot
level, having Is feet yet to go. A
station will then DO opened for a DRIFT
north. A dividend Of $40 per share,
a~ggregatlng $l,040.0OO, was declared
day before yesterday, payable next
Tuesday.
Clipper.
This mine, which is just south OF the
Baltimore, was located In May, 1850,
and two shafts were sunk on the ledge,
one 60 and the other 100 feet deep,
both developing good quartz. which
assayed from six to eight dollars per
ton. Owing to the subsequent and
long continued depression In mining
interests, work was discontinued until
recently. Work Is now resumed un-
der excellent auspices. Six men are
EMPLOYED running a drift across the
ledge at a depth of 300 feet. The
groupings show for a distance Of 300
feet, and the rock Is very similar to
that Of the Baltimore.
Mint.
The main drift In the upper work
ings Is In IS feet, the latter half Of
which distance 1t follows the wall Of
the ledge principally. The face of the
drift Is working into very favorable
looking vein matter, with clay seams.
Thirty feet back from the face Of the
drift a cross-cut Is being made which
Ia now In about seven feet In solid
quartz which assays from $l6 to $3.50
to the ton. The position Of the ledge
being now pretty we'll ascertained,
work in the main drift at tho 75-foot
level will he resumed next week.
Baltimore Consolidated.
The drift north at the upper or 225-
foot level was continued until yester-
day, when the air being too bad, further
working at this level was suspended
until an air blast can be put in. This
will be attached to the pump rod. The
drift west at the lower or 450-foot
level Is being driven ahead In good
looking vein matter. An assessment
of 20 cents per share was levied on
Tuesday last, aggregating $4,000, de-
linquensJuly sth.
Yellow Jacket.
A DRIFT north Is now being made
from the main east drift ut the 1900
foot level, running In very favorable
looking quartz. The winze is nov
completed to this level through from
the i3O0.foot level, 800 feet from the
north line. and 4 DRIFT south from the
bottom of it Is being run to connect
with the Drift north. above mentioned.
C%ross-cutting Is being done at the 400
foot level, but with no ore develop
ments.
Occidental.
Have just completed the cross-cut on
the northern or extreme end of the tun-
mel, in which a body Of low grade ore so
feet In width Is encountered. Now
running two other cross-cuts back from
the cut named above, $50 feet apart.
The northern one has struck into the
ore vein. The track In the main tun-
mel is being repaired, preparatory to
an energetic development Of the mine.
Hale d Noreross.
Daily yield about so tons. At the