Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-05-07
MINING SUMMARY.
Fer II. w..h E.di.s May =, 1s74.

Since our last report stscks nav
see-sawed up and down, to q small OK
tent either way. and according to 90
tablished precedent, should DO up sill
AMI good at the present time, whe'
the regular monthly dividends are be
Ing declared. Yesterday they wsr
apparently at the lowest ebb, but to
day they arc looking a little better, a
a general thing, although the leading
stocks are about the same. Belehs,
declares Its usual monthly dividend Q
s., and Crown Point will follow sui
by declaring 81 tomorrow. TIN
mining situation Is very good and
promlsing, especially at the lowe
levels Of the Belcher, Crown Poln'
aud Consolidated Virginia, aud ever
the Ksssuth, away at the southern ex
trsmity Of the mining line, reports Z
valuable devslopmsnt-yet all till
seems to have no good influence OIL
stocks. The bears appear to have u
their own way, aud are intent on
crsmating the bulls. 10 what extent
they will succeed remains to DO seen,
Below we give what wo know aboa'
tho mines:
Crom-cut No. 2. on tho l3O0.foot
level, has reached the EAST clay wall
Of tho ledge, which at that point shows
the formation Of the ledge and east
wall to BE- a. solid and perfect ~ In
any mine OH the lode. Two drlfti
have been started from this cross-cut,
one north aud the other south, both oil
which arc still running through ore
that assays from $50 to $500 per ton.
The winze, from the 1900. foot level,
has made connection with the upraiss
from the li65.foot level, giving Q fine
circulation Of air In that portion ofths
mine. Owing t. some mistake made
In the survey for tho drift running
FROM the Virginia Consolidated and
the main south DRIFT on the l3Oo.foet
level for air purposes, no connection
has yet been made, and 1t 10 now
thought that 1t will take until nearly
the lst Of next month to connect tho
two drlfta. Sinking the Wine from
tho llG5.foot level to connect with tho
main south drift. OH the l10O.fo DOT level
1, still making good head way, fellow
ing down the west wall OF tho ledge.
Tho main south drift Ia still pushed
vigorously ahead, the face In q mix
turs OF quartz aud psrphyry. indicating
= cls,e proximity 10 tho main ledge.
sutro Tunnel.
The main header to-day |, In 5,s6s
feet. and the rock being somewhat
softer, corrssponaingly hotter progress
IS being made. One Burlelgh drill
was put to work ut this point on Sat-
urday last. since which tlmo, despite
the delays incident to u first trial Of
new machinery with inexperienced
hands. u very considerable advance
over hand labor was tho result. As
soon rs the carriages ordered shall
have arrived, three drills will be put
In operation, when q very consider
able advance over present progress
will be recorded. AT Shaft No. 2, the
wsrk Of e~xcavatlnG pump aud drift
stations has progressed very satisfac'
torily during the week, and Is now
completed. so that drifting both east
and west, OIL the line OF tho tunnel.
will DO proceeded with ut once. a
portion Of the machinery for the new
air compressor for this shalt having
arrived, 1t ID expected that the Bur-
leigh drills will be put at work In both
east aud west headings next month.
silver Hill.
The north drift, ut tho third station
level. l, still pushed rapidly forward,
the ilow Of water from the face Of the
driit continuing steady aud qslte
strong The water In tho northern
portion of the mine. below the second
staten level, Ia gradually Decreasing,
evidently being drained by the north
drift OH the lsysl below. The How OF
wafer from the face of tho south drift
ut the third station level IL gradusiIy'
subsiding. and the quartz In tho lace OF
tile drift IL OF q very lively aud favor
able character for orc developments.
The raise from the south drift at the
frat station level, In the old st. Louis
chimney. Is making rapid Roadway,
cnreuntering some very fine ore. This
raise Il being made for the double pur-
pose Of prospecting the ground through
which 1t passes, aad making an ar
connection with the old st. Lsuis
works, thereby ventilsting that por-
ton Of the mlno.
Consolidated Virginia.
The l5O0.foot station Is opsned In q
distance OF 10 feet, and will DO CON-
plstsd ready to start a DRIFT for the
ledge by the first OF niotlisr weak.
No work is being done oil tho 400.
foot level At present. except the en-.
larging and tlmbsrlng OF the drifts
preparatory to compsncinE the stop
ing out Of ore. The ore breasts narth
and south OH beth the 1900 and 1900
fsot levels continue to open splondid.
ly, proving more and more the rich.
meas aud pcrmansncy as well as the
great extent Of the ore body which
las now been proven to extend from
tho lO00.foot level down to tho 400.
foot level where the orc ID more solid,
the ledge wider aud tho quality Of the
ore even richer than on the levels
above. All the mills are kept steadily
running Oh orc from the mine. aud a
dividend may soon be looked for.
Utah.
Prospecting the body Of ground lying
between the old upper works and the
4OO.foot tunnel level, has developed
nothing new during the week. The
main drit south, on the 4O0.foot level,
Is still driven vigorously ahead. fol-
lowing the line OF the ledge and run.
ming through . mixed formation Of
quartz aud porphyry contalning nu.
merous seams and slip, Of clay run-
ming In almost every direction throng.
the ledge. The east and west cross.
cuts from this DRIFT have developed
nothing Of value AZ yet. Sinking the
SHAFT was resumed last Monday. Tho
rock In the bottom 10 quite soft and
easily worked, aud excellent progress
|, being made. It Is the intention to
sink 1t 800 feet deeper before opening
a,nfhar Laval