Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-02-24
LOCAL MINING SUMMARY.
FER the weeh Endiux FEB. a. 1879.
Latest Official Mining News

RsnAn.as- BuIiisn The Yicia sfthe
Consolidated vlrginia stiii gu
tho lnereasc - How she stock
Market and she Mines are Look
ins rs-day.
Yesterday tho stock market was
lively. stocks up. and tho chances for a
good brisk advance all along the line
seemed very good; yet. to-day, the
general hopes and expectations are
nipped in the bud b. a somewhat unea.
peeted decline or setback. from yester-
day'sprices. Nobody seems ableto under
stand exactly the cause, bat 1t doubtless
lies in the fact that there was no partie-
ular reason for any sudden or extensive
riso just a, present. The resumption Of
business by tho Board after a recess
since Saturday last. no doub, induced
n lively feeling in stocks yesterday. We
have little in the way Of new features to
report in the mining situation this
week. The prospects for the devel-
opment OF u bonanza near tho I'M
perial and Alpha line, at the
2OO0-foot level from the Imperial shaft
are very good. Excellent ore is fouud
at that point, but the truo value and eI-
tent OF the development remains un-
determined as yet. Tho bonanza
mines continue their splendid
yield and increase of rich prospects, and
the bullion yield is also ON the increase.
Up to last night the yield OF the Consol-
dated Virginia was S7jG.OoO in excess
Of wha, it has been at the same period
in any month yet. The total
yield was III, 200, O0O. with eleven
days to run yet to complete the
month. The total yield for tho month
will foot up to fully $4,000. 900. The
east drift. at the lC0o.foot level OF the
ophir. is showing a decided improve
ment this week.
Below We give our regular weekly
summary Of the latest and most correct
mining information, derived from Of
fetal and authentic sources, showing
the situation Of each mine to-day up TO
the timo ofcoing to press:
souti CoMstock.
Since last weeks report the water has
so increased that tho mine is flooded
like tho Savage. and tho machinery is
totally incapable OF reducing or manag-
ing it at all; consequently, work is sus.
pended for the present. until the man.
asement shall decide what course to
pursue. The crosscut bad attained a
length OF 3I6 feet. tho last IS feet Of
which is in n vein Of solid quartz.
s,r,aks Of which give good assays. This
heavy low OF water from that source
indicates that the main ore vein Is cut
into. and that a good bonanza Of pay ore
may DO near by.
Nuittthu.
The east crosscut from tho main south
drift is still being pushed ahead, with
the face in very favorable vein matter.
aud and no sign of east wall ms yet.
This shows the main assure % regular
vein matter Ia be 2a5 feet in width. ani
how much wider il may 10 remains for
prosecuting to show. From personal
observation Of what il already developed
at this surface level. W. firmly believe
that a shaft 900 feet deeper would surely
devvlopo n fine bonanza Of pay ore.
silver City.
The main Slopes and breasts continue
their boun,iful yield Of good ore, and
tho upraise, 100 feet further to the south.
or southwest. is now up 90 feet and in
ore OF excellent quality. four feet in
width. which is being stopped ont IN both
directions along the vein. This is al
important development. Owing to
necessary repairs being made to tho mill.
the hauling and milling Of the fine lot
OF ore ON the dump will DO delayed for
ale" a!s-aoo u week. perhaps
J.iIa.
The putting in OF the new reels and
cables are nearly completed ready to
iesums sinking tho shaft. The new
cables are sufficiently long to sink the
shaft 10 u depth OF 2,iOo ieet. The ore
prospects in the main southwest driit
and erossents on the loOo-ioot level, are
showing strong indications OF u near ap-
proach to an ore body. The main SOUTH
west drift. ON the liOO.foot level, is
steadily advancing. tho face showing a
s'eauy anu encouraging improvements
Leo.
The south drift ON the 2Oo-foot level
from the bottom OF the Wine is making
excellent progress, the face in good mill
Ing ore. The face OF tho east erosscut
ON the same level il also IN fair ore.
with every indication OF II steady i'm
proVemeni as tho drift advances. Hoist.
ing machinery for sinking the new shalt
has already been ordered. VIII Do on
tue stounu' ie"'s y, e'.NoH' w
msJ in very shor, finn.