Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-04-02
LOCAL MINING SUMMARY.
Yer ii. Week K.ains A,r,i .. 1874.


During the last three or four days
the stock market has been good, with
increased prices; to-day, however,
some stocks seem to have run Into a
streak Of porphyry aud are a "littls
or" There arc rumors OF something
extra good In the Ophlr mine and also
In the Overman, but we can report
nothing definite In either case, neither
are there any new features OF valuable
Interest to report In any Of the other
mines. Tho mining situation, generally
speaking, Is good, and tho stock
market should show improvement In
stead Of any decline at present. Both
the Belcher and Crown Point mines
arc turning out bullion ut an increased
rate, and 1t IL said that the Crown
Point will declare n 81 dividend on
the 9Th, being fully able 70 do so from
the earnlngs OF the mine during tho
past month. Belcher will pay Is this
time as usual, carrying over 4 large
surplus. The Consolidated Virginia
Is dSlng splendidly, and will soon be
added to the dividend paying mines
probably next month. The prospect
for = big rise" In stocks Is not good
at present. Tbey arc liable to sail of
and OH for the next month or two, and
then comes the big rlsc-perhaps.
Below we give what we know about
the mines:
Gouid 4 Curry.
There Is ne change Of Interest to
note Of the main north drlft OH the
1900. foot level. Tho flow Of hot wa.
ter from the face Of the drift continues
both steady aud strong. causlng tho
almost entire suspension Of the work
for tho present. The main north drlft
on tho l700-foot level IL still driven
vigorously ahead. running through q
fine formation Of solid quartz, but
which bears little or no ore whatever.
The main east drift on this level is
also making rapid progress, passing
through alternate stresks Of clay.
quartz and porphyry, the indications
growing better every day for soon
striking the east ore vein. Both OF
the main drifts OH the l700.ioot level
are being worked with Burlelch drills,
driven by compressed air, nearly
doubling the rate OF speed that could
be made by hand drilling. Tho new
air Compressor SC far has been = por-
feet success. and will undoubtedly not
only make work on the lower levels
much more comfortable than hersto.
fore. but greatly facilitate develop
ments In that portion OF tho mine.
Sinking the winzs In the west vein on
the l7O0.foot level IL making steady
without change OF value to
Consolidated Virginia.
Sinking the main shaft for tho pur-
pose Of opening tho 1900. foot station Is
making excellent Roadway, the rock
In the baton blasting out finely, and
the work being pushed ahead with all
the vigor possible. Tho south drift.
from tho lIOO-foot station, Is In % feet,
running to meet tho north drA oil the
level frsln the north winze. Tho
north drift from tho wlnze u making
though not 30 rapid progress,
running through solid blasting orc OF
a ilhe quality. The west DRIFT from
the liOO-foot station, Is also making
good Roadway. A croV-cut east has
been started from the 400 station
In the north wlnze, which 10 running
orc OF exceeding richness.
The orc breasts r being gradually
extended on the 1900. foot level. both
10 the north and south, both bolng In
rich ore. The north cross'cut on this
level 10 still being extended to the
eastward; the 4 samples from this
drift averaging, during the past week,
$500 per ton. All the machinery Is In
dnc working condition, and the future
prospect OF the mlne grows o flat
every day.
sierra Nevada.
Sinking the now shaft was delayed
during q portion Of last week BY seine
necessary repairs to the holstlng ina.
,hlncry. but everything 10 again In
rood running order, and the sinking
again progressing finely. Tho slulcs
Is being rapidly driven ahead,
md Is fast approaching completion.
Daily yield, sixty tNns Of ore. Tho
mill 10 In fine working condition,
md Is kept steadily running crushing
,rc from tho mine. Blasting away
he surface rock for a solid bedrock
foundation for the new holsting works
Ind machinery Is progressing favora.
bly,. No work IL being done At pres
mt In the old Sacramento portion Of
he mine.
Independent and Omega.
The annual election Of this compa-
ny, held March 23d, resulted In the
election of q new Board Of Trustees,
Is follows: Flood. F~lclshacksr, Bre-
ncr, Sanborn aud Kibbe. A new I'm
,etus will DO ut once given to the OPP
,rations Of the company, and they
already ordered the requisite ma
,hlnery to sink their new main shaft
900 feet deeper. This shaft consists
II three large compartments, each 6x6
cot square la the clear, substantially
lmbered with l~0x10inch timbsrs. IL
; one Of the best shafts north Of the
)phlr. They will at the same time
the lead In the old tunnel,
they expect to find some good
,ay ore.
Cutting cut, enlarglng tho fourth
and putting In a large water
snk for catching the wator, at that
,oint, Il making rapid progress. A
rest drift from this station has Just
'ecn commenced. The wlnze from
he third station level 10 down 10 feet
"A good sinking ground. Tho third
drift Is still driven vigorously
head showing q very favorable I'm.
during the week, and CIV.
NJ a fattering promise Of good future
9 volopments. Preparations arc be-
ng rapidly completed for enlarging
no main shaft from the third TO the
ourth stations making three compart-
nen.s, tho Same rs from that station
o the surface.