Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-05-20
THE SIERRA.
A, r.v..s...s OF cs,es<s capital
which Prenises Well.

A walk down the canyon yesterday
brought q representative Of the News to
the Sierra mine situated on the raise
west Of and adjoining the Silver Hill.
This ridge has always yielded ore. The
old Luzerns took from there fortunes.
Pick and dig about and you will And
pockets Of ore Of greater or less sizs any.
where. The formation is broken on and
near the surface, but the mother lode Is
certainly near and Il looks a. II the
Sierra had struck IL.
Attracted by the shine Of new timbers
the NEws man followed the road up the
short distance to whore the employees OF
the Sierra were ct work. The temporary
building OF the company is up and being
enclosed. There 10 room for more struo.
lures on the grade and nsssssary shops
will follow soon.
The Sierra Ia doing good work and
doing IL economically. Before going to
the expense Of heavy machinery and
permanent works II is necessary to ascer.
tain Just where the best place II to put
them. This IL bsing done and ct the
same time the mine IL being developed.
The ledge has been struck BY . tunnel
run into the hill some eighty feet. Its
trend 10 with the make OF the land. a. 1t
10 all along the Comstock. 1t was
followed northerly some 200 feet. and
many stringers Of ore assaying well and
numerous punches were found. The
trend having been thus ascsrtainsd, q
winzs was commenced to see how II
looked at greater depth. Although this
winze il but forty feet deep, 1t 10 giving
important information. The ledge
vidsns with depth. II better defined, and
10 richer.
This winze will Be continued down GO
feet further-total depth. then, 100 feet
and then the ore vein will DO more
thoroughly opened up and prospected.
Already have some fifty or sixty tons OF
good orc been saved up for milling
purposes. This IL quartz carrying free
gold and free from all base metals 1t
will mill about $50 per ton. but samples
can bs selected which will assay very
much higher.
Machinery has been purchased for
temporary use. II will DO powerful
enough to prospect 1000 to 1900 feet.
Should the make and the strength OF the
vein warrant 1t, q raise can easily be
made from the winze to the surface. and
the machinery placed up there for direct
work.
The Sierra has been incorporated In
Chicago with . capital Of %, 500. 900,
the stock, under the laws Of that State,
being unassesssbls. A limited number
OF shares have been set apart for q work.
ing capital. Very little Of the stock Is
held here. and that little 10 not for sale.
The business Of the company 10 managed
most economically BY Raphael Phillips,
and there il full value 10 show for every
dollar expended.
It 10 Q matter Of congratulation that
the first investment Of exclusively Chi.
cago capital on the Comstock should
have 90 fair Q prospect Of profit before
Il. II ought to encourage others to fol.
low the example Of the Sierra. There
are chances In great numbers here. for
the country 10 full Of mineral and Is but
very partially developed. To DO sure
there has been considerable scratching
among the roots Of the bunch grass and
coyoting among the sagsbrush. but moth.
ing like systematic work has been done
except in the big mines OF the lode.
In the vicinity Of the Sierra mine
there are places where good rock has
always been found. Last winter men
made more than wages by taking ore
from the Sunrise location, which ad.
joins the Sierra on the northwest. The
arastras In the canyon are kept busy ON
this kind OF rock the whole time.