Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-02-28

HtiIh oreatef DSp&no- kaseoh -
liable News a.d O@eial Infsra-
asiss frssa all The Mines Ths
0usiesk 10 N Fssare.
The "spring rise has not como yet. II
Is too early for 1t, but although the stoci
market continues depressed. In fact dis.
eourased. so to speak. the sigus and indi'
cations are In favor Of . revival. Bsleher
has levied an assessment Of 81 Per shars.
being the first since the mine ceased paying
dividends. This was not at all unexpected.
but has bsen antieiAted for som time
past. - the orc has not been paying e1'
penses. Deeper workings, However. will
doubtless develop . resumption or eontin-
uatios Of the rich ore heretofore found In
that mine. II may b found In the Seus-
gated Bslehsr or the ovsrmAa. - the ore
bonanzAs Of the Comstsck thus far have
been found 10 dip to the south and east ~
further depth Is attained. The deepest
workings Of the 0vsrmAA are even now
apparently developing . valuable sad s1-
tsnsive ors-body.
The long looked for connection between
the lateral drift south from the deep
winzc Of the California mine. at the 1850
foot level and the west drift from the @.
and q shaft. cutting the bonanxa at the
sans level. has at last been completed. and
the much needed air connection and cir
c~ulAtion being established. those hot.
sweltering depths are gradually cooling on.
and work is being pushed forward 10 much
greater and more effective advantage. The
connecting drifts are now bsing properly
trimmed out and securely timbered. and
In about ten days stopping the rich ore at
that point will DO eommsneod. and drifting
further west will b resumed ; also. drift
Ing to connect with the deep wine Of
the Consolidated Virginia, 400 feet south.
Stock manipulating bears have industri-
ously circulated stories to the effect that
the great bonanza does not amount to
much below tho i55ofsot Lowell. The
developed facts Of the ease to-day
stand ~ follows; Tho dssp vino Of
the California. below tho lss0-feot level.
was sunk all the way In rich ore down to
the ic50-foot level. and the drift south
from IL 10 it, connection with the q. and
c. drift Is also all the way in rich ore.
The deep Wine Of the Consolidated. below
tho 1850 foot level. was sunk 1i9 feet In
depth. or to the i700-foot level. all the way
in rich ore. The last 20 feet Of II was in
clined q little more to the east. - 10 was
running into what seemed like the west
wall. There Is every reason 10 believe
that the 200 feet intervening to BE- drift
ell In order to make connection with
the q. and q. drift. 10 all rich
ore. After cutting the eastern boundary
or margin of the BONANZA, the @. and @.
drift. running west, passed through nearly
eighty feet Of very rich ore. and the face
is noe in . mixture Of geed ore and
less valuable vein matter. los feet
from the east wall Of the BONANZA.
with 100 feet further 10 90 in
order to reach tho west wall. Tho forma-
ton encountered at this new level thus far
corresponds with that Of the level above.
and there 10 no reason for supposing that
II will not prove Of equal value. Neither
10 there any reason for supposins that the
bonanza ends abruptly even at this lowest
level. but II evidentl, extends still deeper.
Meanwhile good active mining develop
meut continues all along the line from
one cad u the ledge 10 the other. Justice.
Oysrman. Yellow Jacket. Imperial and
Bullion are all striving for and
expecting To strike bonanzas. Stocks
90 up and down with an easy.
see-sawing melton. brokers make their
regular commissions, and although
= general depression has settled like wet
horse-blankst upon business generally, and
stocks in particular. yet there Ia hope for
the future. The bullion tax seems In =
fair way TO bc settled. also tho Presiden-
tiai question. and the outlook Is by no
means diseouraging for better times.
Below we give our regular weekly sum-
mary of the latest and most correct mining
information. derived from official and
authentic sources, showing tho situation
Of each mine to-day up TO the time Of
going To press:
Trojan.
The north Wine bslow the 3oo-foot level
l. down rs feet. all in ore which will mill
$40 to the ton. Tho south wine. 200 feet
farther south, IL down 10 feet In $50 ere.
A large amount of good pay ore is devel.
opel in the 3OO-foot level. and In the level
aboyr-the 2i0-foot level-the ore vein 10
IS feet wide. These developments give
rooJ promise Of . largo ore body at the
iOO-foot level when that shall be reached
and opened. There Is about 1900 o OF
good pay ore In the dump now. ready Tor
milling.
An east crosscut has been started from
the north drift on the 22o-foot level at .
point nearly 800 feet north Of the shaft.
On that level the ledge 500 or COO feet
north Of the shaft WAS very badly broken
mn. The north drift. however. has fol-
lowed the line Of the ledge until u ha.
concentrated and has the appearance OF
opening cut into . fine body. Thu water In
the shaft Is gradually draining. 80 Thai u
will not b. long now before wsrk can Dc
resumed ON all the lower levels.
Aiiss.
Work In this old mine. between the
Sierra Nevada and Utah. IL being actively
pushed ahead under the Efficient direction
IN James O'Donnsll. who has been ap-
pointed Superintendent Forty men arc
employed. and hfty tens Of ore per day 10
being extracted. which 10 being reduced ct
the Western stats mill. This orr Genes
from the sO0-foot level. where there Ia
large amount Of IL in sight. The shaft Is
1000 feet deep. and the mine 10 not
troubled with water. being drained By tho
deeper workings % the Utah min near by.