Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-12-10
LOCAL MINING SUMMARY.



Yer tbs Week Ksdiss December 10, 1874.
The stock markell Il evidently depressed
at the present time. II has received .
back-sst; . sort Of rebound from the
high prices recently ruling. yet Il ID
moro owing 10 . natural reaction. and
desire 10 realize. than anything else.
Many who bought stocks, especially at
the north end Of the lead
. few days ago at low prices,
have realized snug little advances, and
in some cases fortunes by selling out,
and they do not care to Try their luck
ayain just yet, especially on . falling
market. We think there will b another
rise hswevsr. for the real merits Of the
great ore discovery call for II, therefore
those who load up at low figures will b
the winners. All Ii quiet In the Gold
Hill section at present. Bslchsr has paid
its usual monthly dividend Of % and
Crown Point has declared . dividend Of
% per share, payable day after to-mor-
row. Below we give u usual summa-
ry Of the latest and most correct mining
information attainable:
Consolidated virginia.
The north drift, on the lowest level.
Is advancing rapidly in hns ore. Work
has lately BEEN greatly retarded on this
level (l55o-foot), in consequences Of
having to retimber q considerable por-
ton OF the drift. From this level, the
Wine 10 the l600-foo level, has already
been sunk to that depth. and isstill con-
tinusd in the very finest ore yet dis
closed In the mine. This ore is com-
pact, very hard, and contains o little
water which sssps through the rock
freely. On the l600.foot level the de-
vslopments in the ore body are exceed.
ingly encouraging. Three cross-cuts
have been made In the ore 10 the east
ward, at intervals OF 100 feet. The
southermost drift has reached the east
wall. The ore at this point Is 100 feet
In width, and Of q very superior quality.
The nsIt cross-cut. 100 feet further
north. IL extended 205 feet in ore Of
q much better quality than exists in
the first mentioned drift. The distance
estimated from the new survey OF Mr..
James, TO the east clay wall In the course
Of this c~ross-drift, 10 IS feet. II 10 IL
pected 10 reach the wall in about two
weeks from the present time. The
third, or northwest cross-cut, fourteen
feet distant from the north boundary Of
tho mine, Is in ore for q length Of 80
feet. This ore Is Of . quality exceeding
in richness any found in either Of the
other cross-drifts. or in any other part
OF the mine. All OF the mining experts
who have examined the ore In this drift,
agree in p~ronouncing Il the finest dsvsl-
opment ever made on the Comstock
lode. The distance across the ore body
at this point cannot DO less than $50
feet. The appearance Of the vein favors
the belief that the ore will continue
equally good for this entire width.
The ore breasts on the 1900 and 1400-
foot levels look well and are yielding
handsomely. No ore has been stopped out
yet below the l400-foot level. All that
has yet been taken from below that
point IL what comes from the prospect
ing drifts and wines. II will require
several weeks time to complete the open
ing drifts preparatory TO breasting out
the ore, by which time the new mill Of
the company will be in readiness TO turn
out bullion. This accession TO the mill.
ing capacity Of the company will enable
II to make increased returns TO the stock
holders.
California.
The cross-cut east from the Consol.
idatsd Virginia shaft, IA feet south OF
the California line, is now In A feet,
with the face still in the richest kind Of
black sulPhurst ere. which assays up In
the thousands. The drift from the
So feet below the 1465-foo level,
Is into the California ground. and shows
ore OF q similar rich character o. at
the Consolidated end. and at the l4O0
and 1900 foot levels cross-cuts are being
made which will develop the value Of
The ore body In the California, very
Experts continue enthusiastic
to the extent and richness OF the
great bonanza, and their figures and
representations ~ TO the amount OF ore
In sight, and what Il will yield
are simply fabulous. Some say
there Is 800, 900, 900 In sight, 9TH
srs declare that there IL that amount OF
dividends In sight, while others put the
amount Of ore In sight at a. high a.
$500, 600, 900. Time and miners picks
will demonstrate the matter.
ophir.
Daily yield $50 tons Of ore. from the
1900 and l400.foot levels. Tho ore
at and between these two levels
show an immense amount Of rich ore.
and the drifts and cross-cuts Of the AGO.
foot level, are all in rich ore. The ore
body at that point 10 fully demonstrated
10 be Of great depth also. IL evidently
~ u pOrlOu VI tuo kfses ~SssS
Virginia and California ore body, and
not only widsns. but extends farther
north as greater depth II attained. Great
expectations are justly INDUCED In a. to
what may be developed In prosecuting
nj the l700-foot level. The air connec-
by means Of wines from the up
per to the lower levels and connecting
the drift running through the CAL
TO the 1500-foot level Of the Con-
solidated Virginia, gives q splendid cir
OF air, so that work goes on
very comfortably.
Belshsr.
Daily yield. $50 tons Of ore from the
DID working levels. Tho ore breasts
hold out well. and will for . lsng time
10 come. The development Of the 1900
loot level IL actively going ahead. the
cooler weather furnishing better air, and
he chances for finding more good ore
that point are very encouraging. The
main incline 10 now down 80 feet below
he l5O0-foot level. and the drift started
rom the station 70 open that lsvsl. 10
along we'll. The new air shaft
. down nearly ITO feet, and the upraiss
from the 85o-ioot level. 70 con-