Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-11-23

Right.
Yesterday morning a general feeling Of
confidence psrvaded the community.
and 1t was believed by the best posted Of
our mining men that the great break in
stocks was virtually over. and that q
sharp reaction might be looked for.
This feeling was well sustained by TIE
reports from the mine. all the experts
agreeing that the erosseut on the 22OO
level was looking finely. Hardly, how
ever. had the frs, few calls in the morn
Ing board been received before the n
nouncement was made that another
crash in the stock had commenced'
and was followed in San Francisco by
a worse panic than that Of the day
before. This OF course had its effect on
tho dealers Of the Comstock. who per-
feetly as,ounded. could only with de-
spondsnt hearts and fears, watch the
| downward tide and turn to the mine for
u solution OF the cause The excite ment
grew as the announcements were made
| until, at three O'Clock In the afternoon, a
| large number Of the most experienced
| mining men and experts visited the mine
TO see IL they could find any foundation
for the thousand and one rumors Of the
ore having given out. and ''porphyry."
"the west wall and barren quartz"
as was asserted. having been struck
since tho morning examination in the
crosseut on the 2200 level.
Contrary to general expectation. how
ever, the mine was found to be in .
more favorable condition than at any
time in the past. All We'd with each
other in trying to find some fiaw either
in the looks or the character and value
Of the ore. but in vain. Assays Of the
average value Of the ore were taken by
the dozen, all corresponding and proving
the ore rich. Below we give a few out
Of the many taken: An average assay
taken from the entire face and sides OF
the drift went $50 "a. Captain
John Kelly's average samples
from the face were $50 and Sos;
the average OF Superintendent
schultz. OF the Bullion. was slO7: that
Of Superintendent Boyle. OF the Alta.
from the whole face and along the whole
south side Of the crosscut. Was Sl97 So;
average Of Peto Burke. from the face.
sl52 -; average OF sam. Jones, OF the
Crown Point, taken before the last blast.
sllO. Assay Of ore from the hole at
the bottom Of the face OF the crosscut
taken by Peter Burke. 1929 0G; from
the same place. taken by George
DAILY. Of the Real del Monte. S2O2.
Fearful that some change might have
taken place during night, long before
daylight dozens Of experts again pre-
scented themselves this morning at the
mine for admittancs and with them a
representative OF the NEws. President
Skas received all cordially. refusing no
one admission and showing them every
courtesy in his power.
The men were taken temporarily out
Of both the 2lOO and 220O levels to give
the visitors q chance. In the face OF
the 200 crosscut. the most interesting
point. u round Of holes had just been
fired, and the urift for II feet or more
back from the face was one third filed
with ore thrown out by the blast. An
average assay taken FROM over the entire
face Of this pile by the reporter was
$40 10. 4 careful average OF the en-.
tire face Of the drift exposed to view
gave SiO7 Os. Five other average AZ
says taken by different persons at the
same time went respectively, sl9G. Sl39,
s237, Sli3 aud Sl3G.
The character Of the ore is free milling
sulphnret and chloride, the proportion
Of gold being about one-third ia value
TO twO-thirds silver. The sole cause Tor
all the scare appeared to be n few small
punches Of soft porphyry, Just such as
are likely to occur at all times in the
finest Of ore bodies, next to the
hanging wall. These spots are soft
and assay almost equally Us well
as tho ore surrounding them.
There il nowhere n indication OF
either west wall. the ore giving out or n
horse Of porphyry coming in. The ore
at the bottom Of the drift has been PEN
etraied for adistance OF twenty-five feet,
while il shows only ten or eleven feet
over head. The reports from the mine
since morning still continue OF the most
encouraging character and there seems
but little doubt that the hopes OF the
most sanguine friends will yet be
realized.