Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-03-18
LOCAL MINING SUMMARY.
..r the Week R.alss March u, 1878.
Latest Official Mining News

A Depressed stock Market-B Roman.
n Netes-LoskinE Ahead with
Diansead Driils-To- days View
OF she Mining Situation Future
Prospects.
The bears decidedly appear 10 have
the best Of tho STOCK market to-day. and
arc rolling In triumph and more
mud" The bulls have evidently ''gone
to grass" rs Archie Borland says, and o
prospect Of q rise IL not very good at
present. Assessments are being quite
beautifully levied. but this is always an
encouraging sign, for 1t shows work be-
ing done and paid for. 1t shows I'D.
vanosment Of mining operations. and
the more assessments there are levied
tho more work is done in developing
both new and old mines. and the
chances for finding new and rich ore
deposits and bonanzas proportionately
increase. Assessments do not show
money thrown away, for as q general
thing, tho mines arc in the
hands Of good practical men and
workers. who know how to apply
the money to the best and most
effective. NJ well as economical advan-
tage. Tho exceptions to this rule arc
comparatively few. and abuses In this
respect meet with their proper correo-
tive. II wo cannot have dividends, We
can have assessments.
In tho ophir ns well "a somo othe
mines. the system Of boring long dis
tanoes ahead by mcans Of diamond
drilling machinery, is very effectively
adopted, giving full opportunity for as
ccrtaining by the cores and drillings
which are brought forth, the value
and size Of ore strcaks and
developments, in advance OF the face Of
the drift. To "~insider" this is quite
an important advantage. Az regards
the orc Developments Of the ophir mine.
tho principal point Of importance
ut the present timo Is to show n
full aud fair connection with the great
ore bonanza from the Consolidated vir-
ginia through the California. This i'm
portant point is being developed
US speedily rs possible and
bids fair to DO fully established.
With the fast increasing facilities in the
way Of ore extraction and milling. the
yield Of the great bonanza will DO in
creased, and dividends DO made to o r
respond.
Tho rumor which has been prevalent
tho last few days to the effect that .
change has been. or Is soon to DO made
in the SUPPLEMENTARY Of tho ophir,
Seems to have no foundation in fact. II
probably proceeded from tho change in
the iore,uanship, which took place q few
days AGO, when Mr.. Mckenzie was ~.
preceded by Mr.. Marshall.
Below wo give our usual weekly sum
mary Of the latest and most correct min
ing information obtainable:
Ophir.
Daily Yield, $50 tons Of ore. The ore
slopes on the 1900 and li65.ioot levels,
uue looking splendid. Tho ors-house is
full, and tho ore 10 being piled up for
future use ut the mills. it being impos-
| sible 10 obtain u sufficient mount OF
| milling capacity TO consume the supply
as fast "a IL il extracted from the mine.
The north drift, ON the liG5.foot level,
shows q marked improvement during
the last fow days. Tho northeast drift,
from the lGOO-foo station Of tho north
! winr., il in AZ feet. tho entire distance
in rich orc. The drift from 1G00-foot
station Of the east shaft. to connect with
this drift, in making excellent progress,
the face still in vein matter. Both tho
east and ives, cross.cuts, on tho l1OO-
foot level, IRE being rapidly driven
ahead without change Of value to relate.
California.
Cross-cut No. 2. east, on tho 1000
foot level, is again being steadily driven
ahead, the face In excellent ore. Tho
north drift from this cross.cut to con-
| meet with cross-cut No. 3. is being
| steadily advanced, tho face in rich orc.
]. is now in % feet. Tho face OF cross
cut No. ,, east, on the loOO.foot level.
is still In fair grade orc. Cross-cut No.
A. on the same level, IL steadily ni-
yancing toward the ledge, the face in
very encouraging vein matter. Work In
the face Of the north drift on tho 1850
foot level has been suspended for the
present, il having become necessary to
retimbcr tbs Gould & Curry portion Of
the drift. This work will probably &C.
cupy n wcek or more. Sinking tho q.
4 q. shaft is making rapid progress.
Baitimsre Consolidated.
The erection Of the new and power
full pumping machinery Is fast approach
ing completion. Tho solid stone work
for the foundations are completed, the
engine In In place and the reels and
shafts for the different portions Of the
machinery IRE being rapidly placed in
position for future use. The pumping
engine when in running order will pos
ssss a capacity Of 300 horse power, and
when finished. will be second TO mono on
tho Comstock lode. Tho pump will
have n l0-inch capacity. and when in
full operation will 10 capable OF hosting
an immense flow Of water to the sur
face in case Of need. The cross.cuts on
the T5O-foot level arc looking very on.
couraging. and the prospects Of tho mino
are looking up.
Consolidate d Virginia.
Daily yield, $50 tons OF ore. keeping
the mills running up to their full work.
ing capacity. The returns from tho
mills up TO tho present tims indicate q
yield Of about $500. 900 moro than that
Of last month. which will make the re-
turns OF the present month upwards OF
81. 400. 900. The ore slopes throughout
the entire mine are yielding splendidly.
and show no signs whatever Of giving
out. No prospecting whatever IL being
lo,a M, Az iEtn- foot laval M tha nroa.