Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1879-11-26

semsahing Absss shs Late Drop
why &C sheuid Nos Have Erected
Uaies, Mexican or Ophir-Prss-
poets u Con. virgiais ssd Hale
& Norcress-Ths Chsilar Drin
Wsss-Oa she Divide. IN ths
Bsichsr ssd Further ssash.
The facility with which values are
dropped In the market these days ID
equal to the ease with which the descent
into Avsrnus was made OF old and the
two movements are about equally salts.
factory.
Whatever courss the market may take
there il but n for the mines and thai
Ia straightforward In the line Of dsvel.
opmsnts and with constantly improving
prospects. For the markets sake II
might be better II Il were not 90. Al
any rate such . showing would free the
minds OF many from the msnifsstly
erroneous idea that the managers Of the
! Comstoek endeavor at times to dsprs'
ciats the value Of their OWE property
According to the market the Comstook
10 looking altogether too we'll and prom
Uses quite too much.
Sierra Nsvsda's report Of l5 feet oil
ore ON thu al00 level and north Of the
incline. while Il did not dstract much,
II any. from the public estimate OF the
mine, Withdrew what little confidence
the people had In the market. and many
let 60. Yet. OF all the big Bhns Of Q
street. not one dared short . share.
They knew the mine was al right, and
they feared the risk Of oopperins It.
Tho prospective value Of the mine Ia
great. not counting the intrinsic value
OF Developments d the south line.
There Ii ore north. and probably east.
but how much and how rich. remains to
DO determined.
But whatever may be said OF thought
Of Sierra Nevada, there was no cause
whatever for the drop In Union. II
should not have suffered even sympa.
thstically in the depression. The drif,
on the 2400 level. running 10 degrees
south Of east, has cut 81 feet through
ore, and shows no signs Of the east clay.
The drift starts at the west edge OF the
orc developed in the DRIFT connecting
with the Sierra Nevada incline and,
when 1t reaches . point far enough east,
Q WINE will bs sunk to the $500 and
connected with the 2400 station Of that
incline. This 10 done to facilitate opsr.
atoms and to attain another 100 feet In
depth a. speedily as possible. which can.
not be done at onos nor 30 quickly BY
sinking the shaft. a. all the work Ia
going on there ct the present time that
can be done through the shaft.
In Mexican and 0phir the situation Of
last week IL more than sustained. The
joint crosscat west. 2400 level. II begin.
ming to demonstrate its importance. A
new formation has been encountered,
dipping east and promising well. In
other places both mines look well, e.
pscislly in the joint erosscut. $500 level.
Con. Virginia 10 finding good indica.
tons both In the south DRIFT. also level.
aud in the o north from the Best 4
Belchsr WINE to meet Il. When con.
nsction between the two Is made, q joint
DRIFT will b run east, and then . winzs
sunk to prospect this formation on q
lower level.
Sinking has been resumed under the
best OF auspices at the g. 4 O. and
B. & B. joint shaft and IL il nearing the
$50 level. Its progress hereafter will
be rapid.
Hale & Norcross has the finest Of
prospects on the 220o level in addition
to what has actually been developed on
the 2i00. This morning crosscut No.
2. 75 feet south Of No. I. struck the ore
vein and brought out quartz which looks
we'll and will doubtless give encouraging
assays.
The proposed drift from the Chollar'
Norcross. Savage shaft west will b
started ~ o a. the station on the
24oO Is ready. This DRIFT will plunge
through Julia at an increased depth and
by branches do much e solve the whole
question a. to thu. section Of the lode.
The Divide mines are pushing dsvsl.
opmsuts toward important points. Vel.
low Jacket will loon b in position to
both prospect where she IL and to reach
and open another level.
Belchsr has reached and 10 preparing
to open up the 5000 level. The indiea.
tons above give much ground Of hops
for this newly. attained depth.
There 10 no great change to notice
from that point on south.
There 10 ore In North BONANZA and
Flowery, aud both mines look we'll.
Below vi give our regular weekly
summary Of the latest and most correct
mining information. derived from Official
and authentic sources, showing the cit.
uation OF each mine today up to the
time Of going to press.
sierra Nevada.
The west crosscut, $500 level. oontin.
uss in fine vein matter, its face 65 feet
from the station. It has passed through
q greater breadth OF ore than wa found
on the 22O0 level at Q similar point and
the vein IL strong and promising. North
-. AZ. pom Laval ina drift In In n very