Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-01-22
rHE NEW MINING ENrERpRIsE.

--
, In our issue of Saturday we men,
toned the formation of a local enter
prise, the Eureka Tunnel and Mining
Company. 1t deserves NOR than a
passing notice, as every citizen, hav-
ing the welfare of Eureka district at
| heart, is directly Interested in its sue.
cess. The tunnel site Is located la
Goodwin canyon, upon the east side of
Prospect mountain, extending in a
westerly direction, and in its line en-
| braces mines from which has been ex.
tracted some Of the riches: ore ever
taken out in the district. Ever since
the formation of the district our pros
pectOrs, and mining experts have been
convinced that the practical method to
| thoroughly prospect the old mountain
was by means OF a deep %tunrel, but 1t
remained for General Connor tc devise
the method by which it car be done
successfully, aud almost wholly by
our " people.
In con ersation with the General,
we found he had made almost daily
| visits to the mines for many months
past, during which he carefully exam.
ined the formations, the dip of the
Lodges. and In many instances the
broken condition of The ledge matter
near the surface, which convinced him.
az it does every thorough miner, that
depth must bs attained to fully de-
termine the wealth believed to be hid.
den in Prospect mountain. With this
end in view, he next sought the most
| oIlrtfIa lnnotinn ffr TIM GiIn nf tho
tunnel, selecting the point mentioned
as being easy of access. and for
the reason that great depth will be
attained, and that 1t will tap veins
which have proven very rich neat the
surface; among these may be men
toned the Piute, Eel Dorado, Indus,
Inca, Mazeppa, Magnet, Nil Desper-
anda. Tiger. and Lemon. and in its
line it will cross the Industry mine,
o being worked by the Hartnert
Brothers. who are taking ont very rich
ore. In many OF these. and in others
on Prospect. rich ores have been en-
countered in lunches. but in the ma
jprity of ms ances the owners have
been unable Ia prosecute work, owing
TO the heavy expense attending the
sinking through the hard rock, and
consequently have been compelled to
abandon their claims, or simply per-
form the annual labor required by
law to hold them, hoping hat at no
distant day an enterprise of this kind
would be started which would enable
them to determine the truth of their
experiences; that ut depth vast wealth
lies hidden IN Prospect Mountain, and
also that they might realize from their
mines.
The plan proposed to open the noun
tain j. as follows: The company have
purchased two mines, The Inca and the
Indus, which have ore in them; w
believe the vein in one of the mines
can be struck at the distance of three
hundred feet, and it is believed rich
ore will be found.
The Board of Trustees have set aside
a portion of the stock to lie sold. the
proceeds to be used as a working capt.
ial-the whole stock of the company
to be forever unassessable or of being
assessed and losing their interest. The
plan commends itself as well to the
working man as to the man of means,
and as IL Is proposed to dispose of the
working stock at $50 per share, it Is
within the reach of all.
The name of the Board of Trustees
company will be conducted justly. and
the stockholders have a "fair deal;"
and we hope our citizens will sub
scribe literally to the new enterprise,
and thus not only lend their aid in de-
veloping our district, but enhance their
Owl interests.