Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-01-13

.nunn and Iisstsr Prospects
Ah~ad-rs-dAy's View Of she MT
uation.
As was apparent a week ago. the rise
in stocks. although q very good and
healthy one. could not well develop
into the expected ''sprins rise" The
money market was hardly ready for 1t.
and decisive improvements in the min
ing situation. which have been and stiIl
are fast eliminating were not yet in
accord with any great elevation or
advance in stocks. Greater energy than
ever is displayed in the development,
not only Of the principal mines, but
also in the prospecting mines through
out the length AMI breadth OF the great
Comstoek mineral belt. and a better
showing in the way Of square
bullion production cannot fail
to be made this season than ever before.
Whatever may DO the advance in the
market. 1t will be based upon tho great
ly increased merits Of tho mines them
selves.
Tho prospects at the present time are
decidedly Gathering. The California
mill just completed and started into
operation. gives at once a monthly I'D
dition OF $500. 900 or more to tho bul.
lion product Of ths country. The ore
yield OF the ophir will DO resumed in a
day OF two under the most flatter-
ing auspices. The Consolidated Virginia
10 constantly increasing its immense
yield. and the great c and g shaft is be-
ing hastened as fast as unlimited means
will allow, to tho point where II will
form q most important outlet to the
wilderness Of rich ore now waiting in
the depths Of the great BONANZA. The
Imperial is showing well. and impor-
tant developments are eagerly looked for
in the prosecuting just commenced at
the lower level Of the Yellow Jacket.
The consolidation already agreed upon.
Of all the small mines Of Gold Hill.
into three or four large aud effective
ones is an important and influential
move. Beleher is yielding well, and
improving. overman. Silver Hill,
Globe Consolidated. and other mines
arc showing good and improved ore de-
velopmsnts. aud all along the line the
outlook is highly encouraging and pro-
pitious. The present market Is OF the
s~es-saving order. just the kind the bro
kers like. and il is liable to continue
pretty much that way the balance OF the
month.
Below VIC give our regular weekly
summary Of the latest and most correct
mining information. derived from OF.
hcial and authentic sources, showing
tho situation Of each mine to-day mp to
the time of:oing to press:
AullioM.
Sinking the main incline is progress
ing at the rate Of Ave feet per day. The
upraiss from the l7O0.foo. level to CON.
meet with the bottom o! the incline Is
ascending at the rate Of from i've to six
feet per day. The Burleigh drills In
use in this raise are doing splendid work.
and the two shafts are approaching each
other at th. very rapid rate OF 10 feet
| per day. The northeast combination
drift on the 20OO.foot level IL steadily
Advancing. the rock in the face gradually
softeuing and showing str.aks Of quartz
indicating a nearer approach to the
main ledge. Everything Is working
well, and tho Bullion will 500 have an
excsllen; circulation Of air. and be in
tho finest possible working condition.
Ksssath.
The main south drift. ON the 350-foot
level. is making excellent progress. tho
face still in quartz OF m excellent char
acter. A drift west from the bottom OF
| the Wine. at the 3OO-foot level. IL In q
distance OF thirty.ei:ht feet. the face in
a fine quality Of white quartz, very
much resembling the ores OF tho Con-
solidated Virginia and Ophir. This
quartz affords excellent assays, mostly
in silver. and tho Indications Of a pay
ing body Of ore arc daily growing more
encouraging. The machinery is work.
ing well and ths pumps continue to
handle the flow OF water with tho most
perfect ease.
New York Consolidated.
Raising up on the third compartment
Of tho shaft is making excellent head.
way. the rock blasting down easily.
The east and west drifts on the s0O.foot
level arc both steadily advancing. the |
face OF each being in very favorable
ledge matter. with spots OF fine ore.
The prospects OF finding pay ore on this
level are growing better. aud giving
great encouragement to the ~stockhold.
ers. II is confidently believed that the
development Of another rich body OF ore
to the east Of the Belcher and Overman
is only n matter Of time: and IL 40, the
New York will certainly 10 one Of the
first mines to find il.
Beicssr.
Daily yield. $50 tons OF ore. The ore
breasts and Slopes show but little, IL
any, change during the week. tho ore
continuing Of a good character. and be-
ing shipped to the mills for reduction AZ
fast m IL is extracted. The water is
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