Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-02-03
LOCAL MINING SUMMARY.
Fer the Week EsdiaE Feb. !. 1870
Latest Official Mining News

Fof INC WecA Ssess
Latest Official Mining News
The Stosk and Mininy Mutation
Absus the nails and she Brsrs
Money Matters aud Mining Pros
pscts what the Upper mud
Lever Levels. and she Develop.
Ing Mises are showing rs-day,
The stock market 10 soft to-day. with
u softsniug tendency. in spite Of the
near approach Of dividend day. The
bulls, with lowered horns. ars punching
the bears at a lively rate. and making
them howl. but the chances are that the
bears will come TO the scratch smiling
in q day or two. twist the tails OF the
bulls. and take command OF the cattle
market till the bulls rally and ring the
changes ON them again. Meanwhile.
the market suits those who like
to make short turns. and the
brokers do not woep. Money 10
abundant. but tho holders OF 1t do not
seem eager to invest in mimi: stocks
during the present uncertain state
Of the market; they appear to DO will
ing to wait q little longer for tho
good timo coming. Meanwhile mining
development goes on energetically oil
along the line. throughout the broad
Comstock mineral belt.
Below We give our regular weekly
summary Of the latest and most correct
mining information. derived from Of
fcial and authentic sources. showing
the situation OF each mine to-day up to
the timo o DIGGING to press:
Monumental.
A hns three-compartment working
shaft is being sunk aud thoroughly tim
bersd ON this eompany's claim. Ills now
down CO feet. the bottom in good blast
ing ground and the sinking making n
cellent progress. The company have
commenced in good earnest the develop
ment OF their mine. which Is no doubt q
valuable ono. Mr.. Samuel l.. Jones.
Superintendent Of the Crown Point, 10
also Superintendent Of tho Monumental,
which Is not only an ASSURANCE that the
business OF tho company will be handled
economically but that the work will be
prosecuted with all the vigor possible.
Utah.
The new pumping machinery IL work.
ing with the utmost perfection, and the
water has been drained from the shaft
to a point thirty feet below the i00.foot
level. The shaft Is again in good re-
pair to that depth. The station at the
l0O-foot level il badly caved. and n
strong force OF men is at work repairing
the damage. Nothing can be ascertain
ell in regard to tho condition OF the 400
foot level drifts and ciosscuts until the
station 10 completed. In the meantime
the shaft viii be drained Of water and the
sinking resumed.
suiiiynn.
Tho east crosscut from the south drift
has passed through the hard streak OF
porphyry mentioned in last weeks re-
port, and Is now into tho regular white
ledge matter again. This liz soft and
easily worked. and gives o better show
ing Of quartz streaks than has yet been
developed at this level. encouraging the
idea that the eastern section In the best.
These quartz streaks all carry more or
less metal. and will assay FROM 81 to up
in the hundreds. They are simply little
otfshoots. branches or feeders. to . main
ore vein which will DO found some day.
Julia.
The shaft is down 1850 fsot, tho bot
tom in excellent working ground. This
il now the deepest perpendicular shaft
ON the Comstock lode. The main south
west drift on the iG00.foot level is
steadily advancing. the faco in ledge
material Of u very favorable character.
The face Of tho south drift on this level
il in fine quartz and ore. The main
southwest drift on the 400 foot Lowell
IL in u distance Of $40 feet. the face In
soft ledge material Of u very encourag-
ing character.
CRiiRsrniA-
Sinking tho G. & c. shaft is making
tho usual good headway. II IL now
down 1893 feet. the aow Of water is
quite strong. but is easily handled by
the pumps. Tho north drift on the
l50O.foot level has been connected with
the bottom OF winze No. . in tho east
crosscut from the north drift on tho
I5OO.foot level. This drift Is now being
continued north Of the Wine. tho lace
still in rich ore. Otherwise there Ia
nothing new in regard to tho prospect
ing operations Of the mine.
million.
Tho northeast drift on the 2000.ioot
level il steadily advancing, the face still
in quartz aud porphyry mixed. No
change in the operations on the l7OO-
level. The upraiss FROM the l70O.foot
level, to connect with the bottom OF the
main incline. il making good progress.
Sinking the main incline is steadily pro-
crossing at the rate Of about 4 feet per
day. A waste and ore shute Is being put
in at The 500. foot level.
Knickerbocker.
The heavy flow OF water which this
company have had to contend with for
so long q time is at last completely mas
tered. aud the shaft entirely cleared TO
below the 400 foot level. An e1amina-
ton Of the drift on the i00.foot level
shows 1t to be in excellent condition.
At the present rate. II is expected that
the shaft will be entirely drrined, ready
to resume sinking. in a very short time.
Dayton.
Sinking the main shaft is pushed Wig.
orously ahead, the bottom in good sink
ing ground. Il is now down 90 feet be-
low tho GOO-foot level. Tho main south
drift ON the third station level is In dis
tancs Of iS3 feet, the face In good blast
ing ground. The north drift on tho
500.foot level is In llS feet, and is being
driven rapidly ahead. Tho south drift
on the same level is In 100 feet, follow.