Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-04-08
LOCAL MINING SUMMARY.

MINING SUMMARY.
Yer The Week E.li.s Arm 81. issS.
Latest Official Mining News
a ssn steek A~arkes-rhe Upper
and ~ lever Levels-Ths nsga.
lar Yislding Ninss and General
Prospecting Operations Ces-
ssiiaassd virgisia Dividend
Hes rhiass Lsek All Aissg the
Li.s To-Day. af
lis pretty evident TO everybody that
stocks are down to-day-ths market par
ticularly soft. And this. too, right In
the face Of the fact that the Consolidated
Virginia this day has declared it, rssu.
Lar monthly dividend Of $40 Per share.
leaving q handsome surplusi in the treas
ury TO carry over and add to next
months production. The California is
turning out to DO tho nsxt great
mine. and will DO the next to
pay dividends. Those principal
mines OF the big bononza n be-
ing worked In the most Systematic. busi-
ness-liks manner. upon the squarest
business principles. and with q view to
permanent regular yield for a long time
in the future. giving regular and rsmun-
erativo monthly dividends. II Ia use
less 10 attempt any explanation OF the
stock situation Of the present time.
Below VIC give our regular weekly
summary Of the latest and most correct
mining information obtainablo:
Caiissrnia-
Tho NORTH drift from cross-cut No. 2
on the i500-foot level connected ycster-
day morning with cross-cut No. 3.
greatly adding TO the circulation Of air
in that portion Of the mino. and proving
the continuous extent Of the rich ore
from the south line TO cross-cut No. 3, q
distance OF over 220 feet. Passing cross
cut No. 3. this north drift il again being
pushed steadily ahead through the
ore body TO connect with cross-cut No. 4.
Tho face Of cross-cut No. 4 10 still In
ine ore. Cross-cut No. 8 has reached
the west sslvags Of the ledge and Ia enter.
ing tho low grade ore and quartz pene.
trated by all the other cross-cuts just be-
fore reaching the ore vein. Taking into
consideration the fact that the last
twenty feet Of the south cross-cut run
on the south limo Of the 0phir II In rich
| orc there Il not O doubt left but what
cross-cut Nos. 4 and 8 win both hnd tho
ore vein % rich when they reach II o.
| 10 Is In cross-cuts Nos. I and q. There
are only 100 feet unAnished Of the large
air gallery on this level being carried
forward TO connect with the Ophir for
ventilaiing purposes. The south drift
from cross-cut No. 2 on the 400 foot
level Ia still pushed to connect with
cross-cut No. 1, the face still In good
ore. Sinking tho WINE TO connect the
400 and 15OO-foot levels IL also making
rapid progress, tho bottom still In ore.
The Joint c. K O. shaft Is down $50
feet. the sinking making rapid progress.
considering tho water encountered. The
new machinery Is fast arriving on the
ground and the excavations for the
foundations OF tho engine aud other
machinery is being pushed TO compile
ton as fast rs IL is possible for II to be
done.
Consolidated Virginia.
Daily yield. 900 tons OF ole. Tho ore
breasts on both the 400 and l5OO-foot
levels arc looking well and yielding
splendidly. Tho mine Is being worked
throughout in tho most complete and
systematic possible; the ores
being extracted without regard TO their
character, Just as Il comes. the rich and
the poor together. The joint east cross
cut ON the California line, on tho 1900
foot level. Is in 200 feet, and will have
co or 10 feet yet to run to reach the orc
vein. Tho joint east cross-cut on tho
California line, on the l+0O-foot Lowell. |
has connected with the north DRIFT from
tho ore breasts greatly assisting tho ven-
tilation Of that portion Of the mine. No
prospecting In being done or tho 1850
foot level at tho present. The ship
ments Of bullion up to last evening. for
the past month. amounted to $l.70l,-
900, with bullion enough not yet melted
to swell the yield to $l,750,O00. The
mills arc all kept steadily running, each
having n largo reserve OF ore on hand,
and tho prospects arc certainly very Ia
yorabls for an increase OF the yield for
the present month 10 S2.O0O,OO .
Beleher.
The main incline Is down IL feet be-
low the l6O0-foot station. tho bottom
still in very hard blasting rock. There
Is a considerable ssapago OF water In the
shaft that interieres somewhat with the
progress Of tho work. The south WINE
ON the l4O0.foot level In down l34 feet,
the bottom still in good milling ore. The
middle Wine on the same level Is down
ll5 feet, tho bottom In ore that will pay
for milling. The face Of the north drift
from the east cross-cut On the 4O0-foot
level Ia In q fine quality Of quartz. but
has developed no valuable body Of ore
a. yot. The south drift from the east
cross-cut on tho 1500.foot level Is In n
distance Of 2i0 feet, the face in quart.
Of q nns character. with ~occasional
stringers Of Ane ore. Tho inclins por.
ton Of the air shaft from the 800 to tho
l0O0-foot level Ii being timbered In the
most substantial manner possible.
There Is little or nc change in either
the appearance or yield Of the orc breasts
on tho l4GS-foot level. Sinking the
northeast winzo below the li65.foot
level is making steady progross. The
northeast drift at The lC00.foot station
Of tho north winze is still vigorously
driven ahead TO connect with the south.
west drift from the east shaft; tho face
still in good ore. Prospecting on the
l7OO-foot level Is still carried vigorously
forward at all points, with ne new
features to report. The new hosting