Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-04-07

Produced IN Present Heavy
Msrket-Its Favorable Feature
Repairs NJ che Uaios shaft 20 be
Completed Next Week. Belcher
Agaia Prospecting North 10
sss.a and Concentration.
The accident at the Union shalt last
Thursday night and the threatened pass
age Of the Brsunhart bill by the Cali.
iornis Legislature have combined to
give NJ . very heavy stock market.
Still the situation has . favorable fsa-
turs In tho fact that men Of the shrswd.
est judgment, who are already heavily
interested in stocks. are buying. know
ing. as they do. that prices are much
below real values all along tho lode.
The present depression bids fair to be
Of short duration. The last part Of next
week will doubtless see repairs at the
Union shat, fully completed. and the
season Of anticipated activity at the
north end fairly ~inausuratsd. This will
enable Sierra Nevada to proceed with
developments in directions whore favor.
able results are both indicated and
expected. and Union to increase It's out.
put Of ore. Il will. in fact. infuse new
lie into the entire north end by lifting
from il the burden Of water. which 10
felt more or less clear along to the
bonanza mines. since water from the
Sierra Nevada is now conducted to the
c. & G. pumps to DO raised to the sutro
tunnel level.
Bslcher 10 once more in position to
renew developments. The diamond drill
is not yet. probably. far enough east on
the 5000 level to resoh the main ore vsin.
since the WINE from the 2760 level has
not been drained by it. In freeing the
5000 level Of water. an extra pump was
placed so that everything il in readiness
to handle whatever water is encountered
BY the drill on that level.
North Bonanza Is about to make an
effort to reduce its base ores. II the
right Concentrations can be procured as Is
expected. the proper machinery will DO
set up in SiI.Mils Canyon and the sI.
pertinent tried. Assays from c~oncentrs.
tons Of the ores give $50 per ton. and
this certainly warrants the experiment.
Alta will soon begin prosecuting on
the 1850 level.
Below will DO found authentic and re-
liable reports Of the mines, showing the
situation Of each up to the hour Of 60.
ing to press
sierra Nevada.
The programme Of Developments has
been temporarily intsrisrsd with BY the
accident to the balance hobs at the
Union shaft. The east crosscut, $500
level. COO feet north Of the east shaft
and opposite the main shaft, has been
discontinued for the present. Its face 80
feet east Of the main north drift and IN
very nns.looking vein matter. Tbe pres
sncs OF water in that part OF the ledge 10
feared. The crosscut west, from which
the raise il to be made to the main shalt.
has also been discontinued on the same
account, and q drill will be sent ahead TO
guard against water. indications Of which
have already been encountered. The
north drift on this level 10, however, be-
ing pushed ahead and 10 in . very fine
quartz formation which promises well.
The WINE from the 2400 level, l45 feet
north Of the incline. 10 being continued
on down. but has left the ore formations
to the west since being turned to an in
cline with . dip Of IS degrees to the
east.
Ophir.
Wine No. 2 from the 2l00 level Is
down AZ feet. 1t having been sunk per.
psndisularly at frst, and the ore vein in
which it started having . dip to the east
II passed last week out OF the ors; but
has been now changed to an incline. It
has not yet. however. got back into the
ore. The north drift on the 1900 level
continues in vein porphyry carrying low
grade quartz; total length from the main
southeast drift, 265 feet. Crosscut No.
l east, on this level, is in hard porphyry
carving some water; total length, $50
feet. On the $500 level the chamber in
the Joint Mexican east crosscut has been
completed. and the Wine for the $500
level started. The crosscut continues
in q kindly vein material; total length,
$50 feet. The main north drift on the
$500 level IL still penetrating . kindly.
looking and favorable vein material;
total length from the incline. $40 feet.
The east drift on this level 10 in . heavy
formation Of low grade quartz; total
length from the incline, $50 feet. Sink.
ing has not yet been resumed In the
incline.
Beleher.
new blower engine has been placed
on the 2760 level and work in the south
DRIFT along the ore vein resumed. This
drift 10 now lis feet from the east cross.
cut and continues in an excellent vein
material. On the 5000 level the south
drift 10 being continued and the face IL
in = formation Of quartz and porphyry.
The crossSut east on this level was
pushed 80 feet into 0 Hns vein lorna
ton carrying punches OF good quartz,
and q diamond drill was then sent In ~
feet and tapped the hot water which
flooded the level and stopped work.
This water has been pumped out, the
workings cooled a. veil a. they can be
BY the blowers, and the drill 10 being
sent further ahead. The winze on the
2160 level is not yet drained.
Upios shsfs.
The work OF removing the broken bal.
ancs bobs and preparations for repairing
the injuries r progressing we'll. The
1900