Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-11-27

Vir.i.,a. op~oi.g ~:aJO level
sf Ophir go 20 C~otnusss~sa is n
Few Dsys More-Cre-.cuttisE lee
the Cross Poist ia - MVrs fa.
Sorsbic Formation.
The past week has been one OF the
most ieariully disastrous to holders OF
mining stocks ever experienced ON the
Comstock. Notwithstanding the fearful
depression and losses OF the week pre-
vious. the bright ore prospects OF the
Sierra Nevada mine. taken along with
the ever-buoyant hopeful character Of
our people. held out tho belief
that they would rally almost as
quick as they had fallen. But in
vain was the hope. Day after day
through the entire week as the quota
tons we're announced have the hearts OF
the few holders who had weathsred the
first blasts OF the tempest, grown more
fearful. until at the close Of last even
ing's quotations there were none left to
doubt that stocks could be dropped to
whatever figures the bears OF San Fran.
cisco might see fit to name.
This morning. however. it was III.
nouneed that the west drift on the 22OO
level Of the Sierra Nevada. which had
been in porphyry for the past two days.
had cut through into good ore again,
causing the stock to bound rapidly up
from $50 to $50 per share. carrying
everything else with it,
The 22O0 drift OF the Sierra Nevada
has now penetrated ore that will mill
from $50 to 500 per ton. for a distance
OF 10 feet, the face this morning being
in ore that assays from $50 to $50 per
ton, with no indications whatever Of the
west wall Of the vein. To say the least.
so far as opened. this is one OF the finest
ore developments ever made on the
Comstock, and the best Of mining judges
do not pretend any more to estimate the
coin value OF the stock at less than $50
to 500 per share.
The 22Oo level Of the Ophir has been
reached and q station set Of timbers put
in. and as Don as a sufficient depth be-
low is attained for q stump. opening up
the 1900 level will be commenced in
good earnest. The 1000 north drift
OF this mine is being pushed with
all the speed possible to connect
with the North Consolidated vir-
ginia shaft when il reaches that level.
and the south drift on the same level in
the California to connect with the &. X
c. shaft. these drifts forming one OF the
larses, and most important and neces-
ssry mir galleries ever opened on the
Comstock.
The lower levels OF tho bonanza mines
are gradually cooling. aud the men are
being put at work As fast as room a DO
made aud they can be worked to advan.
tagc.
The big drain tunnel running to con-
meet the Hale * Norcross aud the
Chollar.C Combination shaft on the 1000
level. is being pushed ahead at the nm.
precedented rate OF 10 feet per day. it
being the fastest work Of the kind ever
done ON the Comstoek. IL will reach
and connect with the Combination shaft
in about five weeks time.
AT the Justice. 0verman. Belcher.
Crown Point mines there are no new or
impOrtan, features to note. The Alta is
showing a steady improvement on both
the 1850 and the 1850 levels going north
ward.
Below we give u 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 Of going to press:
Caiiiersin-
Daily yield. 200 ons OF ore. keeping
the California pan mill steadily at work.
Sinking the @. 4 G. shaft has been sus.
pended for the present. the stump below
the 2ljO station having been completed
to a depth Of 30 feet. A large water
tank and pump station is being opened
and q drift started at that point to con-
meet with the south drift ON the 1000 |
level from the Ophir mine. The two
drifts will be connected at the earliest
moment possible. as they are TO form an
important part Of the great air gallery
now being opened from the Best i liel-
cher to the Sierra Nevada on the 1000
level. The south drift from the Ophir
on the 1000 level Is now in lac feet from
the north line. a large portion OF the
week having been occupied In necessary
timbering. The main north lateral drift
on the 1850 level is steadily advancing. |
the face in hard blasting porphyry. II
IL now in ljl feet. North drift No. 2
on this level. following the ore streak,
is now in I2i feet. Enlargiug and re-
timbering WINE No. ) below the l750
level is making good progress. The
north drift from the Consolidated shaft
on the 1850 level is being retimbered
throughout almost its entire length.
Enlargins aud retimberinc the main east