Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1874-06-21
Mining Review.

Mining Review.
Though there has nothing strik-
inc occurred during the past week, we
think we will be justified in stating that
the feeling is more cheerful. and more
confidence is expressed in the future.
Looking over the returns Of the export
Of bullion from this place, we find that
for the FIVE months ending the 3lst Of
May, that it amounts to several thou
sands over one million dollars. This,
considering the unexampled depression
Of the mining interest of Phoebe during
the same period, certainly cannot be said
to be bad showing. 1t should also be
recollected that the two great mining
enterprises of this region-the Raymond
& Ely and Meadow Valley-are self-sus.
tanning, if nothing more. In both mines
an immense amount OF prospecting and
dead work is being done, yet the share
holders are not being called upon for
assessments. In fact, it can be said for
the Raymond & Ely, what it is doubtful
can be affirmed correctly of any other
company, the shares of which are quoted
on the Stock Boards, that its sharehold-
ers have never yet been asked for dol
lar in the shape OF assessments. Though
il seems to be the fashion in San Fran
cisco and other places to give tho mines
Of Phoebe "a black eye," we feel very
certain that SO soon as the region below
the water level in the Raymond Il Ely
and Meadow Valley is explored, that the
yield Of the Phoebe mines will be greater
than ever, and that lasting period Of
permanent prosperity will commence. In
this connection we are glad to learn that
the Raymond & Ely Company has COM
menced preparing the necessary pump
ing machinery to free the mine from
water. From the great depth of the
shaft-l,200 feet-the machinery will
have to be very massive and costly, but
while the enormous mass of tailings col
lected at the mills pay in the manner
they do. it will be very unlikely that the
expense Of purchasing and putting the
requisite pumping gear in place will not
be taken out as fast as they are incurred.
The export Of bullion for the week,
per Wells, Fargo & Co., amounts to
S41,412.70
Yesterday, when we we're at the Ray
mond d Ely, we learned that no ore
whatever had been taken out or raised
during the past week. The only opera
tons that are being actively prosecuted
are opening the eastern branch of the
l200-foot level and continuing the cross
cut through the cross-head on the west
ern side. The irst is in rs feet and the
latter 40 feet from the point where the
vein was first intersected. The face of
the eastern DRIFT has not changed since
our last report, and shows no ore. The
western drift, of course, does not exhibit
any, as at present it is running through
the cross.head. The Magnet Company
continues to raise considerable ore, say
from 20 to % tons daily. The grade,
though still somewhat low, is slightly
improving, and is also yielding the
metal little more freely.
At the Meadow Valley Company's
shaft No. 8, we found that the western
drift of the lower level was in length OF
so feet from the point where the vein was
cut. The face has improved considera-
bly, since this drift was commenced, and
now shows some low grade ore, and is
very promising in its appearance. The
eastern drift of this level is A feet in
length and is progressing through break
or fault. On the lowest level but one,
No, IL, the eastern drift is 1856 in length.
The face shows many small streaks of
ore, and looks as if it might shortly
make into O solid ore body. On the
western side OF this level a winze has
been sunk about $50 feet from the shaft.
1t is now ia feet in depth. and shows a
strong vein, but little or no ore. On the
ninth, the eastern drift has reached a
total length of $50 feet, fifteen feet
beyond the junction with the
crosscut from the Summit shaft.
The face is the same as usual. On the
western side Of this drift and above it,
stoping is going on as heretofore. The
quality OF the ore taken out is about the
same. II there is any difference, it is O
trihe lower grade. Four hundred feet
from the shaft on the eastern side of this
level winze has been sunk to the depth
OF lII feet, and the bottom looks well
Altogether the appearances in this por.
ton OF the Meadow Valley ground GER
'ainiy look much more cheering than
tney have for some time, and afford some
reasonable ground for expecting bright
The Summit or No. shaft has reach.
ed depth of 1884 feet. 1t is still in the
north wall Of the vein, and continues
very hard. The connection by the cross
cut with the drift from No. 3 has beer
effected. and affords ventilation, and
greatly facilitates the work in that par
OF the mine. At the mill, matters are
proceeding as usual. and call for nj
remark. afF
Affairs at the Phoebe are but slightly
changed from last week. The cross-cu
running north from the 760-foot station
IS in It's feet. In the drift connecting
the shaft with the old works preparation
are still making to commence active OPP
erations, but are not completed. TIL,
connection has afforded the means OF ex
cellent ventilation, and things general,
are getting in good shape.
At the Washington & Creole work il
progressing-sinking the shaft; also run
ming the drift running easterly to con
meet with the shaft. Sinking has alsi
been commenced on the west winze.
?. The cross-cut in the Portland is nov
IN ITO feet, and the face presents yer,
favorable indications that it is close t
the vein.
At the Bowery the cross-cut is 225 fee
10 length. The face looks better thai
it did.
We learn from Samuel T. Meagher
superintendent Of the Standard, that al
litigation has been settled as regard
ntle. The new working shaft is dow
" feet, and sinking is progressing rapid
y. Some fair streaks of pay ore hav
oeen encountered during the sinking
which augurs we'll for future develop
ments. In the other mines OF this dis
met there has been SO little change tina
IT'S not worth while to make turtle
particular mention. In conclusion,
may De stated that, as general rule, tn
situation Of the whole OF the Pioch
mines has sliuhf1v i'm nvovnd e;pra. o,