Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-01-14
People ars buHnR stocks again.

o u6bttueuVo ouotk'oo W s
have OF late been withdrawn somewhat
from the north end and directed to the
Gold Hill mines; and from indications
will still further be diverted soon to the
vicinity Of the middle mines. The mar
kst has. therefore. Of late shown more
favorable symptoms OF recovery. From
the foregoing it is evident that efforts at
depreciation arc moro effectusl when
concentrated than when difiused.
Still the north end 10 the keystone
which sustains the arch on which the
values OF securities mainly rest. Since
last report Union has developed . new
interest east Of the ore body and on the
24OO level. The finding Of promising
vein matter with low grade ore where
east country rock or, at best, barren
vein matter was looked for was an agree
able surprise. The formation doss not
promise much for tho 240O level. but 1t
gives both interest and expectation to
workings lower down and to the south.
Preparations to push explorations east
ON the $500 level are also worthy OF q
passing notice. The indications south
and toward the Mexican line on this level
are also an item OF interest. This in.
crsases when the better prospects in the
Mexican drift north on the same level
are considered.
The diff west from the c. n. s. shaft
on tho 240O level will this week reach .
point from which Q lateral drift will DO
run south through Chollar to Potosi.
This will plunge under the promising
formation in Julia and prospect 1t at an
additional depth OF nearly 400 feet. The
interest attaching to workings along this
part Of the lode and in the great extent
Of UNEMPLOYED ground in this vicinity,
the promise Of which hes been already
forsshadowsd by the prospectings OF the
Hale + Norcross on the 2l00 and 22Oo
levels, was recently fully set forth in the
| News and need not now DO repeated.
This part OF the lode bids fair to soon
divide attention with other promising
portions Of the Comstoek.
Following review Of situation from
Hale < Norcross line south will be OF
interest at the present time (: From the
Hale i Norcross line the vein bears east
Of south, and further on swings round
to the southeast. forming q cape near
the dividing line between Chollar and
Potosi and then runs back toward the
southwest. Thus bays are formed in
tho vein, both in Chollar and Potosi.
The west drift from the G. n. 8. shalt is
run about 100 feet south OF the Halo *
Norcross line. The drift to be run south
into Potosi ground. the initial point Of
which will be reached this week. is cal
culated to strike so feet east Of the point
Of the cape aforementioned. Az soon
AZ the turn is made and this drift fairly
started, the main drift west will DO con.
tinued and a little further on q DRIFT will
switch from IL to the Hale K Norcross
winze. Thereafter workings will DO con.
tiuusd west to prospect the Chollar bay
Of the ore vein.
Savage will soon continue its work.
inas on down to meet those in its direc.
ton from the G. n. s. shaft. The
removal OF 50 feet OF debris and sicken-
ing slum from the incline has been .
tedious and unwslcoms job; but II will
DO accomplished tomorrow and sinking
soon thereafter resumed. Hale x Nor.
cross is already pushing q winze for the
24O0 level to DO ready for eastern con-
~nsctions.
The problem Of mining at greater
depths than have ever been reached in
America bids fair to be practically and
proatably solved in the near future
by tho Yellow Jacket, Crown Point and
Belchsr. At present 1t can only be said
that the prospect in these mines Is good.
Il il known that below the $500 level OF
the Yellow Jacket these is pay ore. but
the amount and the characteristics Of
the formation are unknown. II 10 be-
lieved that the formation continues
through Crown Point. Belcher has
demonstrated the existence Of her vein
as q well defined formation bearing live
and promising quartz as far down as
the 5000 level; and on the 27G0 level
has found lunches and streaks Of pay
ore but not in stopping quantities. The
ore has not yet been traced to any we'll.
defined or continuous body; nor Ia II yet
known whether II will make or give out.
The promise Of the future is based
mainly upon the fact that ore has been
found; and that II will mako and not
eiyo out is indicated by the further fact
that the ledge is some 40 feet nearer the
incline on the 5000 level than on the
2760. showing Il to DO taking . sleeper
pitch. But IL ore is there 1t will take
six months yet to open ii up.
Overman il getting very promising
rock in her crosscut east on the 1900
level. corresponding with the 2lSo level
Of Belcher. Alta and Justice are show
ing up some good prospects to say the
least. and these continue into the Silver
Hill. Tho crossouts about to DO run In
the Lady Washington will open an I'M
explored section and test its valss a.
well q indicate what may be looked for
in that locality.