Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1874-08-30
EUREKA'S WEALTH /!
District Mining INTEL
Iigence.
Underneath the Ground.
A Visit to the K K.
Important Developments in the
Mine.
Other Properties Coming
Into Notice.
Bullion Products and Ship
Bullion Products and Ship
ments for the Week.

d NcTy uiIcdsy tulc OuIlIS TIC past
week. First stocks would be up, and
then, like n flash, down they would
plunge to almost bed rock prices, caus-
ing a tremor among the curb-stone
and other brokers whose operations
are confined to small transactions.
During the first of the past week the
market ran ahead, but soon the lead
ing stocks received a "black eye"
causing the prices to droop, while the
manipulations Of the mastcr-hands
were being gone through with. The
fancy stocks we're all "oir." Various
rumors from the Comstock made deal
ers cautious, but those reports were
circulated TO make the proper effect
and to catch those who were short,
and as soon as this desidcratum was
accomplished the market assumed a
better one The Eighty state of affairs
that has prevailed for the past week
has caused but little attention to he
paid to Eastern Nevada mines. The
leading mines never were in Il more
healthy condition. The recent discov-
cries in he Consolidated and X X
mines prove that, instead of falling i'm
supply OF ore as some would have the
majority to think, to day either mine
is in better condition, producing Il
larger quantity of ore than has yet
been extracted from those mines. Be-
low we give our weekly summary of
tie mines, derived from either person.
al knowledge or from those well i'll
formed as to the iic.S:
yI.e Ia x Mine.
Since OH las report the mine of the
X X Consolidlied has proven itself
even better than We anticipated. At
the Marce!ina or Gulch shaft, wherethe
great second bonnaza was reached, we
lind, at the present writing, Il much
enlarged ore body. After having cut
through it at a distance of 30 or 40 feet,
aud having reached, as was supposed,
the hanging wall, there was encount-
cred an additional stratum of pariicu-
larry fine ore, across Which the drift
has been extended 20 feet further with
ou. us yet reaching the hanging wall.
From the secon level the stages have
been carried upward sever sets OF tim
bers, viz: 56 feet, without showing any
d!minution either rs TO quality or
quantity of ore. Bright yellow car
donates are abundant, filed with
masses OF hurcher and nodules of
black, compact galena, many pieces Of
the last named being as large as u
Du,hcl measure.
The Orc Bo:ly
As at present opened, extends from
the second level already Il perpcndic-
ular distance of SO foot upwards and
downwards, as shown by the Wine,
to the third level, Il distance of HI
feet, its length thus far being 1863 feet.
At the third level drifts are being
pushed forward east and south, in or
der to prove up the lateral and longi-
tudinal extent of the ore body, which
also continues on beneath this level.
Work has been resumed in sinking the
main shaft, which is some so feet
beneath the third level. AS soon as
All additional depth of 20 or - feet
shall have been obtained, the fourth
level will be started, which, i, is conf
dentlv expected, will intercept the
Marcclina ore body. Already the bot
tom of the main shaft shows red mark
ings, indicative of the probable ap-
preach to ore. 1t will be perfectly
apparent to the casual observer that
h management of the X Il will not
permit i scarcity of ore, if vigorous
prospecting can prevent it. We see
already
\ Wonderful DcvelGnnment
Extending from the first to the third
levels; and not content with this bril-
liant showing of ore, practically in
sight, the workings are being rapidly
pushed forward for another = the
fOurth-level.
The daily product of the mine work
ing, but seventy men all told, is 80 to
60 ions of first.c!ass ore, and 40 to 30
tons of second and third class. The
former is sent to the furnace leased by
the Il X Company II the latter sold
as fluN to the iioosac Company. The
first-class ore is not particularly rich in
lead, seven to eight tons of ore being
required to produce one ton of bullion;
but, us an offset to this, we are pleased
to he able to chronicle that the bullion
is more than prorortionately increased
i'll its yield Ct gold and silver.
The Daily Bullion Product
Of the furnace is five and one-halftons,
which has yielded, since the present
run began, an average of $500 a ton.
This, with the value of the ores sold,
will bring the gross yield, per day,
from 81 800 to $1,000. All the bullion
is shipped to Eiko at the rate OF 80 per
ton. With such a showing rs the IL II
makes, ii is Il matter of ustoniShment
to us that the stock is not more sought
after. AS an evidence of the faith of
the foreman, Mr.. Conn, we teard him |
offer to wager $50 to So that the stock
be quoted at so per share within 80
DAYS. We sincerely trust that such
| may be the case. We never hear of
any accidents al this mine, no stop
page and no assessments, and, surely,
such Il properly should be properly
appreciated. Too much credit canuo
be given to Professor w. :. keyes the
superintendent, for the able manage
nlent he has displayed in placing the
mine in its present thriving conditions;
and not only to him, but to the fore
man, ON Conn, an experienced min
er who, in every particular, IS the
proper man for the position, is the sat
isfactory state of affairs greatly due.
The ~Hicimoni.
The depth of the McGcc sliaft is 10Y
about 500 feet. AT the depth of $50
feet the great ore channel extending
through Ruby Hill from the X X to |
the Champion locations, thence OF
northwesterly, will he reached at the
100. foot level, to the southwest of
their lode, at a distance of DO Ieet; its
width at that point being over 80 feet, !
and the ore of Il very high grade. But /
little information ola definite charac-
| ter can he a>certained concerning this
property, because access TO the mine
has been prohibited, but such as can
be relied on, ob.aincI from authentic