Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-06-04
LOCAL MINING SUMMARY.
Fer the Week Endins Jane 4, 1874.

Stocks are better to-day than they
have been for q week. The market Is
with an advancing tendency.
and considerable transactions. Opiir
stifrens uader improved reports
IRON tho mine. Both the Crown
and Belchcr are showing better
no, only at their lower levels, being
opened, but fine deposits Of ore are
being found In some Of the old levels,
where they were not expected. The
true value Of either mine has
evidently not been developed'as vet.
All along the lode the mining situa.
ton is good and improving, aud when
the proper time for n healthy advance
comes, 1t will be n good one. The
B.lcher will declare q dividend OF 80
per share to. morrow, aud tho Crown
Point and Consolidated Virginia will
each declare q dividend Of % before
another week rolls around. Below
We give what we know about tue
mines:
Crown Point.
The daily yield Is $50 tons oil ore
which Is being extracted from the
i4O0, 1900, 1900, 1000 aud 9OO.foot lev
els,all OF which are looking remarkably
we'll, showing no signs whatever OF
giving out. Sinking the main incline
Is making steady progress. Tho main
south DRIFT from the north c%ross.cut, on
the liO0-fo level, Is la 90 ieet. sun
In ore that assays from $50 TO saw
Der ton. Tho ore breasts Ia the main
west ledge OH the 400. foot level are
yielding .~plendidly aud looking very
encouraging for the future. The ore
breasts In the east ledge on tho liOO.
foot level arc yielding rich ore, anu
arc opening out strong, with every III.
dlcation OF great extent rs wen rs ex'
tIeme richness. The north wlnze on
the HOO. loot level has been again dis
continued OF account Of the water,
which Is slowly but gradually DRAIN
Ing. Al the time Of being stoppeu tile
bottom OF this wlnzs was still In rich
ore. No work has been done IN tue
middle Wine since our last report.
At the annual meeting OF the 'tock-
holders. held la SAN Franci'co June
Let, there were 9l,3l0 shares repre-
sented out OF the 100000. The FOL.
lowing are tho names oil thc trustees
elected: j.. ID. Fry, President; u.
Peart, j. A. Pritclnrl, Robert Siler-
wood and W. ). Hobart. Z. Il. Elliot
was reelected Secretary anu >. L.
Jones reelected superintendent. IN
the LIST OF May, 1873, tho amount OF
In the treasury OF the company
was ST. s. .39l. The receipts from
bullion during the year have been
and from other sources SlO,-
500. rhs total disbursement, for the
have been SS.sl6,55i. leaving a
cash balance on hand OF Sl9O,Oo2
There have been twelve dividends To
stockholders during the year. aSgre'
50. 800, 900. rhe yield of orc
from the lst Of May, 1870, to May J.,
1874. amounted to 3iS,GIG tons, worth
sl7, 5j9,4GG ~.
Ophir.
The bottom OF the winzc from cross.
cut No. l on the thirteen.hundred foot
level Is still In good ore. The ole In
the face OF the south drift from cross
cut No. 9 Oh thir,een.hundred foot
level has been considerably mixed for
tho past few day, with p~oophyry,
assaying well. aud at Others
being VI a very poor quality, although
IL now appears TO be coming In more
solid, aud orc OF u better character
The north drift from tho winzs III
cross.cut No. | oil the 1900 loot level
still gives good assays. but the streak
Of ore which II IL following Is very
narrow. The main south DRIFT on the
100. foot level l. driven vigorously
ahead without change OF Interest 10 re-
port. Surveys aud other preparations
lre being rapidly completed for the
extraction OF ore from the 1863 foot
level. The incline shaft from the 100 to
he 1865 foot level Is To be inniedi.
,te,y enlarged so as TO Increase It's
working capacity. The connection
II the south DRIFT OH tho l3OO.foot
Ieyel with the Virginia Consolidated
nine Is fast cooling the niue AMI CIV.
Iug greatly increased facilities Tor the
extraction OF orc.
Consolidated virEinia.
On the 400 foot level the several
are still driven ahead across
he ore body. In these drifts, and In
lie various openings to the northward
md southwark OF the main north
the ore disclosed Is OF a very
,upsrisr quality. The dimensions OF
he ore body on this level have no, yet
,een determined. The advancement
the cross-drifts have already shown
|, sxtent to be- notably greater than
where II exists OH thu higher levrls.
The orc breasts from tho lJO0-fo foot
eyel upwards are now yielding orc Of
Extraordinary richness. Ills wihzc
,clow the 100 foot Lowell. AM winze
40. 9. now siukins In the northern
Of the ore body below tho 1900
DOT level, arc pas.lng through ore Of q
'ery high grade. Tie yield Of bullion
or the moath VI May was sllG.OOO.
The mills are all running up to their
ull crushing capacity. aud the yield
4 the mins can DO greatly Increased
whenever II Is necessary TO do 50.
Could 4 Carry.
On the 100. foot level the north DRIFT
: carried forward without cessation
n the vein aud very satisfactory nd.
-anc.meu l. made. Below The l1OO-
DOT level tho double incline wlnze prb-
,rosscs steadily downward. The rock
L this depth Is OF u moderate degree
Il hardness aud easily worked. The
eyeral exploring drifts on the looo'
DOT level are prosecuted without In.
eruption. There are 10 Important
to report OF either OF these
Iriits. Tho Developments VI the fourth
level Il enersedcilly eon.
Ihs grade OF ore heretofore
In this level |, too low to pay
or extracting.
Globe Consolidated.
Tho wost prospecting drlr at the
econd station In the upraise from tho
over tuunel has cut the ledge, show
ny IL to lie much wider Than oil tho
eysl above and, the orc OF greatly In.