Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-10-14
MINING SUMMARY.
Fer The Week Endinx Oct. 20, ls7s.

VsttutNS ~ utsUsNsbs
Fer she Week Endinx Get. 20, 1879.
Latest Official Mining News
stscks LivsIy-rhs MiniuE situa-
sion Healthy - Mere Beaanzas
Bsing Oevsiepsd-Geod Present
and Future Prospects.
Although the stock market rather fell
back from It's good promise at the rs-
opening. yOt. during the past day or
two. II has rallied considerably.
showing lively advance In some
descriptions to-day. And this Is
not consequent upon tho payment OF the
big Consolidated Virginia dividend
either. but upon tho real merits Of the
mining interests and returning conf.
dsncs on the part Of investors in
stocks. Money il not particularly
plenty. but many small dealers who
have been holding back'watching things,
are now coming in with their carefully
saved coin and buying for tho rise which
so many consider TO DO among the
inevitablss Of tho next sixty days.
The milling facilities Of Carson river.
increased by the natural riso or increase
OF tho water at this season. arc al.
ready exercising o beneficial influence
In tho increased extraction OF ore from
tho mines, and the increased milling
facilities Of the Cons olidatsd Virginia
Mining Co. are alreadyladdins considera-
bly, to the bullion product Of that mine.
The usual monthly dividend, which 1t
paid last Monday. gave dividends thus
far for this year Of $8.964.0 600. This
amount will DO very largely increased
during the coming year. and the Cali.
fornia, Imperial and Justice will also
come in as dividend.paying mines. The
mining prospects Of the Comstock were
never so good MS at present.
Below wo give our regular weekly
summary Of the latest and most correct
mining information, derived from Of.
fetal and authentic sources, showing
the situation Of eseh mino to-day. up to
the time Of going to press:
ophir.
Daily yield Of orc, $50 tons. The ore
breasts continue 10 both look and yield
we'll, the ore extracted being Of o good
milling quality. A shipment OF bullion
to the value Of $4,000 was made on the
9Th inst, and another to-day Of be-
tween 800. 900 and s7O. 200. proving bc-
yond q doubt. the richness OF the body
Of ore extending upward from the 1906
foot level. The mills are all running
steadily, and q sufficient amount OF ore
Is being extracted TO create q reserve
supply In case Of need at the mills. Tho
up-raise from the 1900. foot level Is still
In good ore, and Is locking well. The
old station on tho 1100-foot level has
been ~reopcned, and n main working
drift, intended to cut and prospect the
ore body found in the raise on the
l200-foot level, Is now being driven
vigorously forward. On tho l700.foot
level. the east cross-cuts. Nos. I and 4,
are being steadily advanced. In west
cross.cut No 4, on this level, q station
is being cut out for an air engine, do.
signed 10 sink q winzo ut that point,
down 10 the l800.foot level. The main
north drift On this level IL also being
driven ahoad toward tho Mexican south
limo.
Consolidated virrtsia.
Daily yield G5O tons Of ore The orc
breasts ars looking we'll and yielding
tho usual amount OF rich orc. with no
signs whatever Of exhaustion. The
mills are all running steadily. and the
yield Of tho mine for October will be
fully up TO the returns OF last month.
The new hosting engines OF tho q. *.
G. shaft will DO ready to start up In q
day or two moro. when sinking tho now
shaft will DO crowded downward ct q
rate that will astonish even the mining
sharps OF the Comstock. Tho regular
almost daily shipments Of bullion are
being made, and tho prospects Of tho
mine were never better than at tho pres
snt. The usual monthly dividend OF
SO per.share, ~aggrsgating 81, 080, 900,
was declared on the 7th.
Lady Bryan.
Owing to n breakago Of pump flanse,
q delay Of q day or two was caused In
the sinking Of the shaft during tho
week; everything Is, however. again In
good running order. and the sinking 60
ing ahead as usual. Tho north DRIFT on
tho 3s0.foot level Is steadily advancing
without change OF value to report. The
main south drift on the 380.foot Lowell In
In n distance Of 3sl feet. the face In very
soft, favorable vein matter. At q dis
lance Of 200 feet south Of the SHIFT, q
west cross-cut has been started from tho
main south drift on the 3S0.foot level,
the face Of which Is showing some very
favorable quartz and ore.
sierra Nsvada.
Sinking the new shaft Is making rap
ID progress, tho new drills working well
both in tho bottom Of the shaft and In
the main west tunnel at tho 10000
STATEN. These drills are driven by
compressed air. and add greatly TO the
progress OF both drift and shaft. The
north and south drifts on the 700.foot
Lowell Of the old shaft are steadily ad.
vancing without any changes worth re-
cording. Everything In and about the
mine IL in good working order, and the
prospects are quito encouraging.
Tho hosting works Of this mine were
destroyed by FIRE Inst Sunday evening.
and tho new and powerful pumping ma
chincry but recently erected consider.
ably damaged. All work In the shaft
and mine Is Of course suspended for the
present. Tho shaft 10 but little dam
ngod. and the management, with their
usual forco and vigor. are rapidly. clear
ing nway the ruins and preparing to
erect a new building. andput everything
L.. 1911 ....... ..l.- ~ Nha yaYy 0QrlI- |