Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-01-21

Lar wines anu sue ErOspecsh1&
Mines AIeng the Cemsseek I>oeh
To-day Latest News from ths
Lover Levels The Present Look
and the Future Outlook.
Stocks have not ruled high this week,
and certainly they are not high to-day,
the market being decidedly soft and
ofish. ophir and Justice stocks have
recuperated from the sudden and un'
justihable break Of q week ago. but there
is n falling of in other stocks, not par
ticularly easy to explain in each instance
on a square mining basis. The Impe'
rial development has not altogether full
filled its promise rs yet. which may NC
count for the depression in stocks which
are influenced by 1t. In tho mines oil
the big bonanza, the developments OF
the past week prove them to DO richer
just in proportion to the advancement
Of the work Of exploration; every foot
gained showing just that much moro Of
rich orc in sight and available. Every
foot thus developed should add to the
value, most certainly. At the annual
meeting OF the Consolidated Virginia
Mining Company, held on tho iith in
slant. at San Francisco. tho annual no.
ports Of the officers were rendered. We
publish the following:
VIRGINIA CRY. New. Dec. 81. 1874.
Mr.. Edward Barron. President Con.
solidated Virginia Mine. San Francisco
-DEAR Sra: During the past year. d.
lG7 tons Of ore have been extracted from
the several levels Of the mine, and 3d.
7s3 IONS reduced. producing in bullion,
81, ,lS2. There IL now In the ore
house and at the mills. 2,715 tons, val
ued by assay at S222. O22.
Within the past year the main shnft
has been extended to the l500.foot level.
This Level is now partially explored by
eross-cuts extending Into the ore body
in four different places, each 100 feet
apart. The most southcrly OF these
cross-cuts shows a width Of ore OF lb2
feet. Tho remaining cross-cuts have
not yet crossed the ore body, all having
penetrated II over 100 feet and N Q
800 feet. The quality Of the ore Is OF
very high grade. aud far excels in value
any ever removed from the Comstock.
The quantity now exposed to view is al.
most fabulous.
On the l550-foot level q drift has been
run the whole length Of the mine, the
northern 100 feet Of which passes
through ore ~assayins from 5000 to $500
per ton. Two cross-cuts have been run
on this level. one to the east AMI one to
the west, disclosing a width Of ore Of
over lOO-feet, and neither east or west
wall has yet been reached.
Below this l5j0-foot level q double
winzs has been sunk 40 feet. passing
through rich ore. and the bottom OF the
winze il now in ore Of equal value to
any yet found.
The greatest quantity OF ore extracted
has been taken from the 200, 1900
and li0O.foot levels. Largo reserves OF
ore yet remain on these levels, the
northern extent not having yet been
reached in any Of them.
The production OF ore and bullion OF
the mine could have boon doubled during
the last four months had We had SUI
;icient milling facilities. This difficulty
1. now obviated. n the new mill mt the
shaft 81 the mine will he in running or
der within live days. aud can crush 2GO
tons daily.
The quantity and quality OF ore de-
yelopod in the mine the past year far
exceeds in value that Of any mine which
has ever come under my knowledge or
| observation. The main shaft has three
hosting compartments, with three cages
in each. capable o! hoisiing l.iOO tons
daily. The hoisting engines are all in
good condition. The Gould X Curry
shaft can be used to hoist 100 tons daily IL
desired.
A new shaft Of three compartments Is
being sunk 1910 feet east Of the pres
ent one. This shaft will be available
for hosting and ventilation within u
year. IL is now sighty.two feet deep.
The stock Of timbers and material at
tho mine N very "'so' N "V"" nav
tabular statement accompanying
The large and ~capacious assay depart.
ment Of the mine has proved u source OF
economy aud convenience. and IL en-.
pable OF melting. barring and assnying
800. 900. bullion. daily. Yours respect
fully. JAMES q. Fam, supt.
The secretary's report OF receipts and
disbursements for the fiscal year ending
January 10, 1910, sno sna s wy 'o y.
,s,ai d;shnrssment, Including IN. nine
dividends, 80. 3O3, Go 81. The amount
Of funds on hand Is $751; LOG %; The
sum OF Si:sJo'' ~ was eipenueu Ior
the reduction OF ores dnrins tns year
The salaries u wages account a2Sre-
gates s513,i0l 10. For WOOD d .um.
Dor Sl2i,O9I ~ was expended, u Tor
supplies ssI.a23 o?. The item Of bull,
ion discount Is set Town LOT $40, 'vo oil
second and third dividends were $685.
100 respectively. the fourth and nth
S32i,O0O. and tue sihin' seveh'h. signtn
ana n'n M os,..J IN d;x;J.nas Jnrinc
,hs ven, Ths supplies ON hand ON
~ ..I,. A. s7o