Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-01-12

The sudden and unexpected drop In the
price OF the Alta stock yesterday created
much surprise and feeling among tho deal
er.. and especially with those who had
bought II at high figures, and were neces-
sariiy heavy losers. With an earnest, de-
sire to give 10 the public tie latest and
most, reliable information obtainable In re-
gard TO the mine. its condition and pros
poets. a reporter ef the Nrws visited and
made a careful examination OF the ore de
velopments on both the 1850 and llS0 lev
els this morning, the result oil which 10
given below.
the 1850 LKvIL.
The ledge was irst struck on this level.
i5i feet west Of the shaft. The drift peus-
,ra,ed the ore vein at that point . distance
of 60 feet or mora without finding . body
Of pay ore. some spots and strcaks of
poor ore were uncovered. but nothing Of
paving value. Before this crosscut WAS
completed two lateral drifts were started.
one north and the other south, along ths
east clay OF the ore vein. The north drift
WAS driven q distance Of $50 feet. and then
another crosscut west through the ore
| vein was made, and still no paying ore
WA developed. In both Of these cross
| drifts the ledge or vein WAS well defined.
| having distinct foot and hanging clay walls,
and Was composed 90 quartz carrying
small streaks u ore and barren porphyry.
| The south drift. after advancing Adisianee
Of 81 feet along the east clay. WAS turned
| more 10 tbs westward. and striking the
ledge ia a diagonal course. developed all
| almost solid body OF quartz 40 feet In
| thickness, which Afforded low average
essays, before reaching tho rich vein OF
| ore living next ~ the foot-wall. This vein
Is n feet wide, all good milling ore. por-
ton. Of IL being rich aud AssAying up into
the thousands. This development was
made at q point $50 feet west and 100 feet
south % the shaft. II being 81 feet north
Of the Justice north line. and ct the same
depth A. the ll5O level OF the Justice
mine. After striking this ore the drift
was driven across tho vein 10 tho foot
wall, aud a Wine started downward.
| The Wine has been sunk on an inclinA-
ton Of about forty-one or forty-two de-
grees 10 a depth OF sixty-hve feet below
the level OF the drift. the west side being
| ON tho foot-wall. while tho east side shows
occasional spots OF rich ore through the
| CLAW and porphyry. No crosscuts or ex-
| plorations Of the vein from the bottom or
| side. Of the Wine has yet been mado In
any direction. Eight or ten feet below
| the mouth Of the WINE two drifts have
| been started ON the west side OF the ore
| vein, a .outherly and the other north
| srly. The north drift IL In to-day forty.
two feet. tho south drift twenty feet.
| These drifts have stripped the face OF the
ore on their east sides for their entire
lengths. aud show 1t 10 be not only solid
in formation, but very rich In spots, the
whole probably an average OF $40 milling
ore. This IL the entire extent OF the work
lone and now being done on this level.
THE 1850 LEvEL.
The station on this level was but recent
iy opened. The drift, which runs = little
south Of west. struck the ore vein at . dis
lance Of IFS feet from is starting point.
Tho entire porphyry formation on this
level. before reaching the ledge. was much
softer and more favorable Than IN the
level above. several small onshoots or
s~tringers of quartz and orc being
cut before reaching the main ledge.
The quartz where this drift first penotrAtes
Il IL also Of q much more solid character.
Lying next 10 the east wall are several
inches of line ore. Passing through this.
the drift hiss penetrated : or 10 feet Of low
grade quartz and porphyry mixed, where
II IL stopped for the present. and
a drift started 10 the southwark on the
ore struck. This drift this morning Is In
about 10 feet. and shows about three feet
Of good ore in the face. This L. all the
work yet accomplished on this level. The
point at which the ore vein was cut on this
level IL i32 feet north ~ the Justice north
line. and ia feet further northwArd than
where the good ore was found on b level
above. SO that taking into consideration
the fact that the drift has not yet been
driven 10 the west wall. and that OF md.
ing even thres feet Of ore ia feet north OF
where II Was struck ON the 0 level. the
showing Is really n OF encouragement
instead Of Encouragement
sHAFr MAcmSERY y IMPROVEMENT.
A large force Of men Ia employed both
above and below ground. and tho develop
ments are being pushed ahead with all tho
vigor possible. Ths hosting engines.
pumping and other machinery are eonsid-
cred Of ample power to sink the shaft to .
depth Of 1000 feet. Air compressors aud
blowers have been provided. and In two or
three days 4 large new hosting or gAllows
frame will DO erected over the shaft, ~
fee, in hight. 80 that things could hardly
be In q better coalition for rapid work
than they are at this time. The only
trouble seems To have besn that public
etps citation has outstripped tho efforts OF
the manager. la tho actual development Of
the mine. and when the ore body was struck
On the 1850 level everybody WAS expecting
nothing short Of . veritAble bonanza, 90
that a. a matter Of curse when The poor
ore uAs struck nothing but disappoint-
msnt. famed into q panic by the bears.
could follow. There certainly Is no reason
for either discourAgsment or fear. shown
BY the deyeyelopments 30 far as yet male
on either level. The shaft Ia nov down 90
feet below tho 1850 level. and will. inside
Of 80 or 40 feet more. taking into consider
alton the known dip, cut the ore vein
again. This will open up another new
level. and passing through will leave the