Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1879-10-22
THE COMSTOCK.
Latest Official Mining News.
For the Week Ending Wednesday,
October ~, 1879.

stocks sold Ia she Market, Net 90
IL dedicated by she De.
velopments In sierra Nsvsda
and Uaiea-Ophir aud along the
Lode-Con. Imperial again % shs
Front
The stock market has had its own nm.
known and almost unacoountable ways
during the past week and continues soft.
To the jewellers along the Comstock 1t
has been q forcibls reminder that stocks
are bought and sold in the market, and
not on the mines.
The developments in Sierra Nevada
during the week have been frequently
noted aud freely commented upon. Peo-
pie are sometimes apt to forget the ma
turs Of Developments which would tell
best for the mines in the long run In an
sagerness for good showing to help q
present market. They naturally want
ore. and q big body Of 1t. and OF good
quality. and arc DESTROYS for 1t to be de-
vsloped at once.
Now the assertion Is boldly made that
to extend the rich ore found next to the
east clay ON the $500 level OF the Sierra
Nevada too far to the west on that level
would not be Q good indication nor
would II tell best for the depth and ex.
tent Of the ore body in Union for the
shaft to plunge into rich ore before reach
ing the 24OO (Sierrs Nevada $500 lsvel).
So far as the present state OF the market
is concerned such a state Of affairs would
bs perhaps desirable, but no farther.
1t is well known that ore bodies
usually commence forming on the east
side Of the vein. aud that they take q
sleeper pitch than the assure which CON
tains them. When M they touch the
west wall the bulge and bulk OF the for
nation are reached. The beginning Of
the end is then at hand. II on the $500
OF the Sierra Nevada the rich ore OF the
vein had extended to the west wall. or II
even it had been encountered in the
Union shaft before reaching the same
level, it would have argued . bonanza,
but not Of the greatest size
- certainly not n to compare
in extent with that which existed in the
Con. Virginia aud California which was
struck on the east side Of the vein and
had 500 fee, in which to spread before
reaching the west wall. Everybody
knows how far that ore body descended
before reaching It's greatest width. An
other instance OF many which might DO
cited must suffice. On the 1900 level Of
the Crown Point the rich ore was next
to the east wall. on the 1900 1t reached
to the ives. wall; and while 1t proved to
be q veritable bonanza. it was not equal
to that Of the Con. Virginia and Califor.
mia.
The indication Is therefore excellent
In Sierra Nevada and Union for q deep,
large ore body. At Q point 60 feet In,
the $500 level drift, while the face IL in
milling ore Of fair grade. is not carrying
the richness II did at the east clay. The
ore has already been followed down
from near the 2lOO level. It should
spread some. but not to the west WALL
nor, in its full strength. even to the
Union shaft. The east clay has reached
its steep pitch at this level. Tho ore
body Is therefore going down. Its depth
will be pretty plainly indicated when iu
its spread it reaches the west wall OF the
vein.
In Sierra Nevada q new interest will
arise in q day or two when the crosscut
will be started on the 24Oo level. The
station there has already been drained
and is being cleaned up ready for use.
In ophir the situation has not
changed much during the week. The
west crosscut. 2i00 level. continues Its
course. but ss yet has not gone far
enough to have its face moro than 80
feet below the incline. Its work is
ahead Of 1t. Tho joint Mexican cross
cut, $500 level. will be started this week.
Il has also an important journey ahead
OF it.. The other workings in Ophir and
those In the bonanza mines are worthy
Of a passing notice. Gouli 4 Curry Is
getting ready for business at the joint
shaft. The Savage Is busy and doing
good work.
The greatest interest Of the Divide
group csnters again in Con. Imperial
and In the winzs from the 1900. which
is in a new formation Of quartz. and in
the east crosscut. 2c00 level. where the
drill has developed 40 or As feet OF fine
quartz.
Alta is also looking mp again. She
has quartz on the 1850 level and will
commence sinking again before the week
ends.
Below We give our regular weekly
summary Of the latest and most correct
mining information. derived from official
and authentic sources, showing the sit.
uation OF each mine today mp to the
time Of going to press
Ophir.
Usual progress Is being made in sink.
ing the incline; total depth below the
2iOO station, IS feet. The formation
still carries the usual stresks OF quartz.
The west crosscut, 24OO level. continues
in vein matter; total length, 81 feet. 1t
----AA 40 atRa a