Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-10-03
the BONANZA ABROAD.
what - Issdsa Jsaraai Thiaks sr
the Consolidated Virginia and
other Mfnes.

From the London 0iobs.l
During 1873 the Consolidated Virginia
gradually began 10 yield . higher grade
ore and In larger Quantities than prsvi.
ously. and In the following year prospects
became very bright indeed. Nj. White
hill. the State Mineralogist for Nevada,
thus reported In 1875: During the past
two years this mine has yielded bullion 70
the value Of 5000. 900, The principal part
NJ u since last June" A the out-turn
In 1854 WAS $500 900, and In Octobsr
$500. 000-or Sl.l72,0 900 during only two
months. there could be but littls question
about the rapid development Of the mine.
same authority reported evsn more favor.
bly,. "The ore here averaged $500 . ton.
About ten feet below the l500-ioot level
the richest portion Of the ore 10 found. II
Is said TO average $1,000 per ton. II has
been estimated by reliable persons that
this bonanza will yield over si00. 600. 0Oo."
Mr.. Raymond. the Commissioner Of Min.
ing staiistics. was equally ~sanguins In his
views. although he considered II prudent
10 average the whole mass Of ore st only
$50 par ton. Adopting the estimate. and
calculating on the basis Of an output Of
500 tons Of orc per diem on 800 working
days each year. the annual yield Of this
group would amount 10 f4.lO0, 900. Al
the cost OF converting ore Of this quality
into bullion absorbs about 30 per cent. OF
the gross value, the yearly pront accruiny
70 the proprietora could mot be less than
f3.O 900.
These results appeared 20 utterly In.
credible that Mr.. Linderman, the Director
Of the Mint. went himself 70 inspect The
mines. taking with him an expert In Pre-.
fessor Robert Roger. Of the bullion rein.
cry Of San Francisco. After exhausting
inquiry and very minute inspection. this
latter authority reported "it would sssm
fair to conclude that. with proper allow
ances. the ore body equals an amount
which, taken at the actual assays. would
give Is thu ultimate yield of the two mines
the Consolidated Virginia and Califor-
mia ,000. 900 or eco, O0O, 900. One
fact stands prominently revealed In this
mark. The lower the level reached the
higher has been the grade Of ore. II seems
10 have been first met with. In paying
richness. At = depth VI 800 feet from the
surface. Encouraged by this promise. the
adventures went down another 100 feet,
aud tapped the shaft with 4 horizontal
drift TO save haulagc. Here tho ore was
richer still. 30 they carried the shaft Town
again., frat 10 loo feet. then 10 1850
feet, and on each OCCASION wero well reward.
ed. This goes far 10 prove the truth OF
the theory in favor with many mining eh-
gineers Of experience, that when . true
vein has once been struck the proper
policy 10 10 sink 70 the deep II the upper
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