Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-01-03
MINING SUMMARY.


luGAl mINlNu OuWWRnis
Ter the Week K.lIas jsssary 3 1879
The stock market during the week
has been lively and excited under the
influence OF high rates and heavy
TRANSACTIONS. Oplir reached It's high
est point, s2s5 per share on Tuesday,
aud was seized with q sudden decline,
touching $3.50 per share yesterday.
Il being the leading stock, most others
declined In sympathy with 1t. This
sudden decline Is attributed to vari-
ors causes. The mine developments
were not less encouraging, but quite
the reverse. We are told Of combin.
alton made by certain speculative
men at Virginia to cry down the
real merits OF the now Ophlr devel-
opnent, even to hiring men to GO
about reporting that 1t was low grade
ore ; that the whole thing had been
deliberately ovcrrated, aud all that
sort Of thing. The object was to
break the stock, that they might buy
IL In at less than Its real value. What
ever wa tho cause, 0phlr and all
other stocks fell and stockholders wore
long faces. To-day, however, tho
market for the week closes at m adj
vance all along the line, strong and
healthy, and promising a flne start on
tho next week. Our San Francisco
kilograms say that all Is excitement
among the stock sharps OF CAL
ifornia street, aud a corresponding
excitement exists here. The lower
levels are looking splendidly. The
Consolidated Virginia ore body shows
Improvement, the Hale & Norcross
Company expect to develop something
interesting shortly Mt their lowest
level, tho Bclclier shows better than
ever. aud the important development
Of a fine body Of very rich ore at the
l40O. foot level Of the Crown Point fur
Their north than heretofore, adds one
third to the value Of that mine. The
general outlook for mining, milling,
business, and the general Interests OF
the country arc most acceptably cltor.
Ing. Below we give what we know
about the mines:
Crown Point.
Daily yield, 400 tons. which Is being
extracted from the 10, II and l3OO.foot
levels. All the ore breasts are looking
we'll. The south drlft, OH tile l4OO-foos
level, which Il being run to meet the
north drift from the Belclier, rs we'll
"a with the south Wine from the 1900.
| foot level OF the Crown Point, Is being
pushed ahead vigorously. SorEe time
| since a cros%cut or drlft was started
on the liC0.ioot level at q distance OF
| about $50 feet from the Belcher Hue.
After passing through the west clay
| wall, which Is three feet thick, SOME
| very rich orc was encountered. As the
| DRIFT was pushed forward II passed
through some IL or Is feet Of almost
barren Quartz. when some ore assaying
from $50 to $75 per ton was met with,
which continued Of the same quality
for 81 feet. when was struck what wns
believed to be the east wall, but which
| proved to be only n horse OF porphyry
six feet In thickness. After getting
through the porphyry. orc wal ell.
| countered Of marvellous richness, the
assays averaging IRON $3.50 to 5000 per
ton. The ore continued Of tile same
quality for q distance Of 10 feet. Tho
how Of water from the main DRIFT OIL
the 1901 foot level, continues without
lntermission = belng all tina; the pumps
can handle.
This mine Is situated about 1000 feet
northeast OF the Ophlr shaft, on the
same hill leading down to the mouth
| of Six.mile Canyon. Il Is one Of the
| oldest locations OH the Comst0ck Lode,
aud has one OF the largest outcrops OF
quartz Of low grade ore In the district.
IL, groupings extends to within 800
feet of the Oplilr shaft. This Com.
psny has q United States Patent aud
have n tunnel OF 800 feet, well timber
| ed, and which cut the ledge at a depth
| of 300 feet, finding orc that VIII
mill from % to 81 per ton. The ore
body |, 20 feet In width and yields
mostly free gold. The company In.
tend sinking a shaft Of three compart-
ments, 4x5 feet In size. They will
also prospect aud extract ore from
| what Is known rs the Brown ledge for
milling ut the same time. The new
shaft Will DO sunk directly on q line
with the ophir shaft.
Lady washinEton.
The new hoisting works building
and machinery Of this company. which
have just been completed and started
up are of the most durable and COM
| piete description. and Of sufficient Ca
pacity to work the mine to the depth
OF 1000 feet with perfect ease. The
cost OF the improvements will amount
to $50, 900. The shaft Is down loo feet,
aud will be continued to the depth OF
| $50 feet, when 1t Is the Intention to
open q station aud drift for the ledge.
| This company being situated just south
of the New York Consolidated, expect
to strike tho Gold Canyon branch o
| the CornstocL, tending to the southeast
through the Belcher, overman aud
| New York Consolidated toward the
Justice, and are commencing work un-
der the most favorable auspices.
Consolidated Virginia.
Daily yield Of ore, $50 tons. The
ore breasts. both north aud south. Oh
the 1900 foot level arc both looking
we'll aud yielding finely. The north
| wlnze, on the 12O0.foot level. u down
l52 feet, the entire distance In good
ore, the bottom being even richer than
at the commencement. II Is hourly
expected that the connection will DO
made between the up-ralse from the
l2OO.foot level and the main east DRIFT
ON the lOO0.foot level, which Will give
q good ventilation and greatly facii-
itate work throughout tho milne. The
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