Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-10-06

The stock market II unvontsdly de-
pressed and everybody seems disap-
pointed II not dissatisfied. An election
boom was deemed . surety and Il IL not
too late for Il yet; but ''hops deferred
maksth the heart nick" In the bosom Of
the stock dealer.
But there Ii nothing - yet In the
mining situation to sustain an advance
in the market. should q b made.
There are possibilities enough and some
probabilities; but these are not enough.
Ophir IL working hard for nsossssry
ventilation 90 that the ore on the 1000
level. near the California line. may Be
opened up. The east crosscus on the
1000 level. which encountered the ore
vein. has reached the point whore the
WINE IL to Be sunk to connect with the
raise from the $500 level. When this
connection IL made the required vsntils-
ton will be gained.
The situation east OF the $500 north
drift In Sierra Nevada 10 interesting.
The east clay OF the formation there
which bounded what ore was found on
that level il perpendicular. and at .
point 80 fee. up Il has its regular sastsrly
dip. and 10 to b followed still higher.
On the $500 level Of Union the situa.
ton has not changed for the better 90
far a. the crosscuts are concerned. No.
I has tn face less than 40 feet from the
eastern workings and no ore Of value
has been discovered. The raise started
from the northeast drift On this level II
searching for the continuation Of the ore
on the level above. II will and II II the
ore formation does not take . shoot In
an unknown direction. The result Of
this movement will be to ascertain how
far below the 2l00 level the ore reaches
and where IL goes.
The northwest drift on the 1900 Of
Savage has its face In seine Of the finest
looking porphyry and quartz mixed svsr
seen on the lode. It resembles that
which bordsred the richest portions Of
the big BONANZA.
Chollar IL preparing to continue sx'
plorstions into Potosi on the 2400 level
and work In that direction will doubtless
soon bs resumed. Exchsquer 10 follow
ing its vein OF promising quartz TO the
north and the situation there 10 hopeful.
Bslchsr will have its new pumprods In
place by the beginning Of next week and
then explorations there will be resumed.
In Benton. Alta and Silver Hill the out
look continues good.
The necessity Of disseminating work
In the north header OF the Sutro tunnel
has had q depressing effect here ss 1t
argues that the prospect for ore In the
north-snd mines IL NOT a. good a. had
been hoped. Union evidently does not
wish to Assess its stockholders for the
coin necessary to prosecute work In that
direction.
Below will DO found authentic and
reliable reports Of the mines. showing
the situation in each up to the hour Of
going to press:
sisrrs Nevada.
Clearing ont the 100 level at the top
Of the incline whore water caused . cave.
Repairing the stations Of the east shaft
at the $500 and 2400 levels. The main
incline raise to connect with the shaft ID
making three feet per day; total length
above the $500 level. 100 feet. The east
raise from the $500 level 10 up 30 feet.
Il has 10 far followed . perpendicular
clay wall to the east. This wall now
shows q dip to the east. and the forma-
| ton will be followed along under It BY
an incline raise. The west drift on the
$500 level, TO reach the winzs from the
24O0 level, 10 making Ave feet per day,
and 10 very near the connecting point,
The winzs followed the ore from the
level above.
uniss Conselidased.
Running south from the shaft on the
$500 level al the rate Of four feet pei
day. This drift 10 In nns quartz. which
IL, however. Of low grade. Crosscut'
Nos. / and q on this level are nov
making "a feet each per week and are
still in the sams general formation Of