Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1877-05-01
RICHMOND CONSOLIDATED.
New Developments In the Mine and
an Interesting Report from
the London Directory.

We hear, on good authority, tina
some important developments hav,
been made the past week in the Rich
mopd, outside Of the ground covered
by the injunction. The strike, as VIZ
are Informed, vas made in the westerly
portion OF the mine, which shows tina
the great ore body is much more ex
tensive than was anticipated. We are
not in possession of all the facts, bu'
have learned enough from the most re
liable source to justify us in stating thai
the property to-day is worth vastly
more on merit than ever before in it,
history. We append an Interesting re-
port from the London Mining journal
of The 7th of April:
The shares were quoted at 95H@e6,
and the weeks run ending on the 18th
showed a yield of 100000. The retin-
cry for the same period had produced
dure bars of the value OF $4,000. Con-
tinuing, the journal says:
The manager reports that No.
winze, sunk from the 500, is down Is
feet, and reached a vein of ore two feet
wide, and a drift from the 900 has been
| started to cut this vein at about l40
feet distance. The Wine below the GOO
is down 81 feet; the bottom in hard
carbonate ore Of good quality. The
stope under the 500 foot is very much
improved, and turning out some
very good ore. Some develop.
ments in ore have been made
in a level with the Lizette tun-
mel, n in the old flat chamber.
1t was intended to shut down the fur
naces at the end of March or there
abouts, in order to put them in repair,
and afford the opportunity OF over
hauling the machinery. The winze at
the 800 fl. level, referred to in the man
ayers report, was, we learn, in very
fine ore OF great promise, but the in
junction stopped all work in the 600.
700 and 800 It. levels, the disputed
boundary passing through them. The
large body of ore struck by the Eureka
Consolidated Company in the ground
claimed by the Richmond Company.
in the vicinity of tLeir great Potts
chamber on the south side, proves to
be of very high grade, assaying $50,
and very rich in lead. As similar ore
has been struck by the Richmond Com
pany on the north side oil their Potts
chamber it is most probable that this
high grade richly loaded ore passes
under that chamber, and as soon as
available will supply the needed tiux
to bring the great mass OF ferrugene-
Gus ores in the reserves of the Rich
mond Company into great value.
We are infor med that a letter has
been received by a shareholder rom
Mr.. Brereton, the well-known civil
engineer, who has lately again visited
the Richmond mine, who states that
the experts who have recently ex-
amiued the property in order to give
evidence in the pending IA value the
ore laid open on the east side of the
disputed ground claimed by the Eure
ka Company as equal to from l5t. to
POI. "A share on the 10000 shares in that
company, and assign an equal gross
value to the ore on the west side, or
u~udi-puted Richmond ground. This
would make the gross value of the re-
serves at this one spot equal to from
l,500, 000t. to 2,000. 000i., which, after al
lowing three -fourths for costs would
leave a net value OF about 100000.
The Richmond Company claim the
whole of this as theirs, by virtue of
their old patents and the lode rights
proceeding from them, and as con
tirmed by the agreement made with
the Eureka Company in 1873.
The Richmond Company being pre-
vented by the interim injunction from
following up the great discoveries
made of late IN h forward workings.
have turned their attention TO opening
- a.. -. l.1., - tI. old pth.1nn.t
and adjacent Tip-top mines, the latter
being AS yet virgin ground, but OF great
promise. The stake contended tor by
the Richmond and Eureka Consoli-
dated is princeiy in amount; the latter
company base their claim on the as.
suned invalidity of the agreement of
1873 and on evidence of ey perts, who
in the late abortive injunction suit set
up the plea that The intervening mass,
of from 500 to 900 feet in extent, WAS
ledge matter, and therefore IN exten-
sion of the ore body in the Eureka old
location. The Richmond Company
contend that there is All intervening
body of limestone rock of great thick
ness between their new location and
the Eureka ground. aud that there is
no connection whatever of ledge or ore
bet them. Great preparations are
being made on both sides for the COM
ing struggle, which is exciting great i'm
tarest i'm America. 1t Is remarked that
it will need the g%restest skill and
watchfulness IN the part of those m
trusted with the interests of the Rich
mond at this crisis, rs any false move
may have fatal conse quences.
ayave Mill and Mining Ca.