Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-03-25
LOCAL MINING SUMMARY.
~ the w.sh E.si.s March ss. is5s.
Latest Official Mining News

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Latest Official Mining News
Stocks Locking Better-Ceneral Ina.
prsvsmeat In the Hines-Hew
ThisKs Lesk all aleng the Gress
Ceusssoek Range To-Day.
During the last two or three days the
stock market has revived considerably.
and the bulls, which were said TO have
"'gone to grass" evidently returned
refreshed. They certainly have
made their horns felt TO q
certain extent and still paw up
the ground. believing defiance to
the bears. Assessments are levied quite
beautifully. yet this certainly does not
seem to have tho effect 10 dsprsss the
market. but quite tho contrary.
Neither has tho reports Of great
stringsncy In the money market.
and the consequent high price Of
gold. the great bear bugbear made uso
OF been able to keep stocks from rising.
The fact Of IL is. that the continued I'M
provsment in tho mining developments
all along the line. will have their
legitimate effect in spite Of all
stock speculation influences. Tho
mines Of the bonanza group. tho
Gold Hill group. and the Justice group
arc all looking better, and everywhere
heavy mining development operations
and projects are being theoretically
driven ahead.
Below we give u usual weekly sum-
mary Of the latest and most correct
mining information obtainable:
sierra Nevada.
Sinking tho new shaft 10 making eI-
csllent Roadway, the rock In the bottom
blasting ont finely. The watsr no
longer intsrieres In the least with tho
progress Of the work. Sinking the old
shaft il also making excellent progress.
the bottom still in vein material Of a
very favorable character. Driving tho
northeast drift on the 700.foot level OF
the old shaft is making good progress,
tho face in ledge matter. Prospecting
In the old Sacramento ground has de-
veloped nothing new during the week.
West Point.
This claim il on American Flat, and
adjoins tho Rock Island on tho west.
1t contains 1900 feet, and is an old looa.
ton, or rather is n relocation OF an old
claim. Work IN now actively being done
upon II running q tunnel. which Is al
ready in % feet. II has about 100 foot
further to run in order to reach the
ledge, which. from prospects already
obtained at the surface, should prove
valuable at the depth at which this tun.
mel will cut Ii.
Making tho usual good Roadway with
he main tunnel. The ledge continues
we'll defined. and carries very promising
material. The northeast drift, running
from tho north cross-cut, Is now in 90
feet. and the vein Of orc in the faco OF
the drift is from u to II inches wide,
aud still widening. The ledge at this
point Is very large. being about 40 feet
wide. and the prospects OF making n
Brewing
J..,,..
Mai, 1,;n south Al Tho 400. foot level
-. >. 30, 49,, ,ho ,~,,,;no with
nov " o
tho face In hard ledge matter and very
wet. Good work Is being done opening
out tho iouitn s'auon 'e'c,, INV 49,
ill., - ha;nn ANIL bsiov tbo sOO.foot
i.yei nj a yery fair rate Of progress, o n
sidering the hard nature OF tho rock and
tho great amount oil water nooun'ero
Lady nryaa.
Driving tho southwest croas-cut on
A.. 400 TO, Lave, Ia ,o;n, steodilv for.
tue
ward, with evident ihuieatohs VI soon
reaching Tho ore vein. SINKING INC
No. i..Jvov ~. Lotion,
s a;1 IN cooa ora '" Tho main sou,hwest
drift ON this level Is also making rapid
speed tho face still in pay orc.
u.~.u,h.
-, .,.,, % ,r.l,rc N.
sinking 'ho mum aA
vorable speed, the bottom SUI III haiu
blasting porphyry' iho mum "'''u
on the 350.foot level has penetrated Ine
ore VEN . aiS'arSs III hs,,.r LEANED
,han on tbo levels above. A drift has
been started south In the ore vein to
Lo,,.r dstsrn,ino its character.
.-u.-
" ....l
-. .,,u.
p ''"eN ,i.s, .,a Law can do
!. Sora Ii,,io water has been en-.
eountered the last day or two, but not
enough to impede operations. Bottom
Of shaft in vein matter, containing con.
siderable quartz.
$50