Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-05-27
MINING SUMMARY.
ZEE The w..h R.ai.s Ne, ~. 1879.
Latest Official Mining News

Latest Official Mining News
The Dsnsralilatiea OF the stock
Market Improvement In shs
Mig BETTER Times Csm.
fag-re-dsy's View 81 b Atsisg
s~isuatisa.
The dsmorslized state Of the stock
market, almost amounting 70 a panic.
which existed during the past weak IL
succeeded by a movement for the better.
stocks all along the line to-day showing
. very gratifying and encouraging in
provsment. Ophir went a. low Is IL
could conveniently. and. as We stated in
our last weeks review. 1t went decidedly
below Its real merits. whsthsr there
was no margin for further depression,
or the 6lling Of the shorts had an ele-
waiting influence or not, il IL evident
that bottom was touched and .
rise ensued. In all probability. how
ever. the valuable and not unexpected
Improvement in the California mine.
developed by the cross-cuts at the
northern portion Of the mine. nearer the
ophir, has its influence on ophir stock.
as we'll as on It's own and others
along the line. This now develop
nent OF the extent OF the
great bonanza northward. OF course adds
greatly to tho ascertainsd value Of the
California mine. These cross.cuts have
been made ut intervals Of 100 feet. aud
two moro will carry this system Of de-
delopment to tho Ophir line. This
improvement has n strengthening influ-
,ncs on stocks. and with the near ap-
proach Of tho 'hrt Of the month"
and dividend day. the chances arc
in favor OF u better stock market for n
few days. at least, although many pre-
dict q lower market in June than we
have had this year.
Below we give our regular weekly
summary OF the latest and most correct
mining information, derived from Of
feial and authentic sources. showing the
situation Of each mine to-day, up to tho
time Of going to press:
ophir.
Daily yield. 100 tons Of ore. This
orc Is mostly taken from tho slopes on
the liG5-foot level. Tho character OF
the orc is good. and the yield amply
sufficient to keep three mills steadily
running. The incline winzo being sunk
below the level OF the lG00-foot cross.
cut, Mt a depth Of 40 feet, has been
changed to a perpendicular shaft. to
connect with the southwest drift from
the east shaft. This done for the
purpose VI obtaining = better circulation
| Of air in that part OF tho mine. The
connection Of tho Vino and drift will
bc completed in a day or two more, ut n
perpendicular depth OF about ~ feet be-
low tho lGOO-foot level. The changing
Of tho course Of tho vinze naturally
carried il ont Of the ore body into tho
west wall OF the ledge. AZ o As the
expected ventilation is obtained. q Wine
| will 10 continued from the level OF the
| southwest drift. from tho east shaft, on,
| down to tho l70O-foot level. following
the dip Of tho ore vein. On the lI0O-
| foot level, east cross-cuts No. 3, 4 and
3, are bein; pushed forward with all tho
energy possible, to roach aud prospect
| the ore vein on that level. Tho stone
work OF tho foundations for tho new
incline machinery is about completed.
sierra Nevada
Sinking the new shaft is making rapid
Roadway. tho rock penetrated being OF
a much frmcr character than for some
time past. There IL no longer water to
interfere, tho shaft having apparently
passed entirely through tho vein OF
water encountered near tho surface.
The air compressor has arrived, and
will be Immediately placed in position
for future use, the stone foundations
being in complete readiness for its ro-
c~eption. Sinking the old shaft is also
making fno progress, the rock at the
bottom blasting out finely. Driving the
main east drift on the 700-foot Lowell Of
the old shaft IL making fair Roadway. |
with no important Developments to re.
port. The prospecting drifts on the old
upper levels Of the mine have developed
nothing new during tho week.
Consolidated Virginia.
Daily yield GOO tons Of ore. Tho
yield OF ore has been considerably in.
creased in order TO create q larger re-
serve in tho dump, the crushing capaci.
ty Of tho mills being no greater than for
some time past. The mine Is looking
splendidiy on all tho levels. atfordins
no now or important features at any
point. The mills are running steadily.
and its future prospects bright aud fat
tering. The extension Of the joint main
east drift on the liO0.foot level 10 the
eastward, the face still in ore. furnishes
another proof Of tho great width Of the
ore body and its almost incalculablo
value. Everything in and about the
mine working well.
Gould 4 Curry.
The north drift on the l700-foot level
to connect with the Best & Belcher, is
making good progress, the rock in the
face being still hard but blasting well.
Preparations for the commencement Of
several cross. cuts on the i700-foot level,
arc being rapidly completed. The cross.
cuts cannot be pushed very vigorously
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