Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-10-02

The North End OF It-t"o
End OF Is-sisrrs Nsssds-Aii
n Osher Prsnisisg POINTS
Psiuts for Everybody.
The stock market. although a lite of
I. day. is s,iff and advanced enough for
all present requirements. The true
business Of the situation at this timo
is strongly influenced by the possible.
probable and developing Developments
Of the Sierra Nevada mine. The Wine
continues skirting along down the
east side VI apparently the richest
body Of ore over discovered in the
depths Of the Comstoek. Multifarious
assays have shown and continue to
show the great richness Of the ore. and
the great problem Is reduced to the
matter Of width or thickness.
The which Is important. That
WINE is now about down to the 200
level. the defined point where the PROM
ised crosscut Is 10 be made. and the bot
tom or face OF the crosscut has scraPsd
its lower side into q considerable extent
Of very rich ore. The whole north end
Is d.psndeni. watching aud eIpsctant.
The weather is so much cooler with
| the approach Of next Winter that IL nat
urally has a decided effect upon the tenn
peraiure OF the mining depths. cool
air sent down by either nat
ural or artificial means, cooling
of the depths proportionaiely more
than hot air. In consequence better
progress il being made at present In
deep mining. especially in the lower
levels Of tho bonanza mines. The Con-
solidaied Virginia shaft will be in first
class working order again in 4 day or two,
aud as o rs the drifts are put into
good fix once more for ore extraction
that interesting operation will be re-
commenced. with prospective dividends
Of 81 or S2 per share per month.
At the south end. Alta is promising
big things. anu with u good ore
foundation for such promise. II
will DO heard from advancinely
shortly. Belcher and Crown
Point are also promising well for
bonanza developments at the 1850 level,
They have but just cut into the out
skirting merits OF the Case, and have
some hundreds OF feet further to run DO
fore getting to the eastern boundary o.
bonanza ore possibilities. Altogether
the mining situation continues to DO o
the mos, encouraging order, and th'
stock market is very liable to hold NJ
for a while longer. to say the least.
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 10 the time oi
going to press
Opnir.
The Developments recently male in
the Ophir mine are attracting attention
anew. The east crosscut on the 2lOO
level has encountered u new vein Of ore
OF what Superintendent Patton considers
10 be u new feeder to the Hardy ore
body found ON the 1900 level and fol-
lowed by tho Wine almost vertically to
a point Just below the 1000 level. After
reaching q distance OF some 10 feet be-
low the 1000 level the Hardy vein took q
| dip Of about AZ degrees and to the east
| Of tho winze. The WINE then followed
i,s direction ON down to the 2l00 level,
cutting streaks OF quartz which had al
incline exactly toward the point wher'
the new ore body has been struck. be
sides this the orc body has been encoun
tered fully 80 feet before IL should hav'
been should IL really be the Hard,
vein and should that vein keep the
DIP al when p.,,"n NM
The rse,nt s,rik. A second feeder 10 al
ore body lying below. That both feed
ers lead to ore bodies OF greater or lea
magnitude there can be no doubt. l
remains for future Developments to tel
whether the two are separate or max
together. In either case the recent de
veIopment Is most important. In tn
meantime the main incline Is beinI
pushed on down in the cap formation
before mentioned. out OF which seep'
some water. From the similarity DO
tween this formation and the one il
Sierra Nevada, experts pronounce 1t als'
important, and are confident in the be
hei tha'i' VIII 20 iou"u =. |;
shn"n ms o,hs, morl in the min,
going ON as usual.
Consolidated virginia.
Daily average yield Of ore. is5 tons
,IL.,u a.. ;,.,..s.1 n. .oon ma nrep