Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-12-03
Minnie SUMMARY.
v.r u. Week r.li.s D.e..ssr >, lssl

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Tho present grand blooming" Of the
stock market seems to 30 principally In
favor Of the north end Of the Comstock.
Consolidated Virginia. California and
Ophir being the popular favontss, and
California taking the lead. The rich
and extensive ore Developments Of the
last few days Il that point are simply
wonderful. and indeed surprising be-
lief. Without speaking OF the vast
wealth already developed, in the Con.
sslidatsd or the ophir, and the many
billions worth Of ore In sight. the CAL
ucrnia lying between thsm. Is now dem
onstrated and established TO be. without
doubt, the richest mine In the world.
1t Is COO feet in length, and the
orc body extends entirely through
II from the Consolidated TO the
ophir. It will doubtless prove to be as
good in the middle a. II IL at either end,
and thus 10 developed q huge block or
body Of ore Of unknown depth. and Of
far greater width, extent and richness,
than over was the famous great
Crown Point and Bslchsr body. which
has yielded so many millions in divid.
ends to stockholders. II II found to be
nearly or quite twice as wide as the
Crswn Point body. and thus far, tho ore
is apparently twice as rich. Experts.
aAd everybody else who have seen It,
are completely bswildsrsd with the rich
ness and extent Of this new ore develop
msnt, aud are enthusiastic in their de-
scriptions OF IL. The most s%xtrsvagant
figures are given relative to its value. yet
passed upon very reasonable grounds,
when the just proven value and extent
OF the Crown Point deposit is taken as Q
criterion. Crown Point stock, when IL
was 20 shares TO the foot, sold as high
as $1,000 per share, or $500 per
foot. with the ore extending not one half
the length OF the mine. California,
with 10s shares to tho fost, should, by
that criterion. be worth SAIL per share;
and considering TINT the orc body ex-
tends the whole length Of the mine, In
stead Of one-half It's length, II should
be worth twice q nuch, or $422 per
share. Taking also into consideration
the fast that Il is at least one-half wider
than the Crown Point, II should Be
1888 per share. II II really Is, as II Is
estimated by many TO be, twice rs rich
N the Crown Point, II should be worth
81, 2G6 per share. Calculating upon the
Same basis, Consolidated Virginia should
DO worth and selling at $3.50 per share.
California is all virgin ground, so to
speak, 1t being simply developed from
each end. and none OF its riches extract
ed a. yet. That California stock Is lia-
BILE to run considerably higher in the
hundreds than 1t Is now, these who
know the true merits Of the mine 80 far
as developed, have no doubt. We can
have but little to say about the present
merits OF Crown Point and Bslcher. Al
the recent rise in stock was moro upon
speculation than newly developed merit.
Both are turning out plenty Of ore
and actively prospecting for more.
Below we give our regular weekly
summary Of the latest and most correct
information o~btainablo relative TO the
mines
California.
The north drift on the 1500-foot level
connected last Friday with the south
drift on the same level from the ophir.
giving = splendid circulation Of pure air
and thoroughly vsntilating the mino TO
that depth. Cross-cuts have been conn
menced on both the li00 and l5O0.foot
levels TO prospect the ere vein. on both
Of which levels the ore body will be
reached in q very few days. The east
cress.cut on the south line. from the
Consolidated Virginia shaft. has cut and
penetrated the ore bsdy Q distance OF 20
feet. This ore in richness battles de-
scription. Il Is simply the continuation
OF the wonderful ~sulphuret and chloride
ore body Of the Consolidated Virginia,
to the northward. This, taken together
with the fact Of the southwest body OF
ore in tho Ophir butting square against
the California line. and extending down.
ward from the 1900 10 the l465.foot
level, and that the cross-cut from the
bottom OF the south winze on the south
line Of the 0phir, 60 feet below the
1465-foot level. IL developing q richer
body Of ore than anything yet found In
that section, nc longer leaves q doubt
that the California Is n grand mass OF
ore OF the most wondrous richnsss-of
a value almost beyond computation !; in
fact, the greatest silver mine in the
world.
ophir.
Daily yield $40 tons Of ore. Four
mills are now crushing ore from this
mine, and the yield for this month must
necessarily DO greatly increased. The
orc breasts extending from the 1900
down to the l40O-foot level are yielding
splepdidly. The l20o-foot winzs, sunk
from cross-cut No 3 On the ore body, ex-
tending down to the l465-foot level made
connection last Saturday with the east
cross-cut or that level, greatly benefit
ing the air circulation Of the mine.
To this circulation has also been
added the connection OF the south drift
on the l465-foot level with the north
drift from the Consolidated Virginia
give q strong draft Of pure air. cooling
OF the levels, and making the mine down
to the 14G5-foot level, one OF the most
comfortable to work in on the line Of
the Comstock. The cross-cut at the
bottom OF the south Wine on the south
line Is In rich ore, and proves the sxtsn-
sion OF the ore body downward, and
leaves but little doubt that whom ROSS
cutting on the l700-foot level Ia COM
mencsd, the same rich ores will b
found.
Bslehsr.
Daily yield, $50 tons Of ore. The ore
breasts throughout the entire mine are
looking well and yielding the usual
amount OF good ore. The main incline
Ia down 5s fat bslov The l5QO.foot sta. |