Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-04-29
ITEMS OF MINING NEWS.

The bullion yield of Colorado for 1879
was $l9,0O0,OO0.
The hydraulic miners throughout the
country are making gravel fly at lively
rate, says the Nevada City Transcript. All
the claims are in full blast, and large
clean-ups may be expected.
The miners in the Richmond, at Eureka.
New, say that such an extensive and rich
body of ore as is now developed in that
mine has never been uncovered in the dis
trict, and that it is showing up better and
more extensive every day.
The latest mining excitement in Mon
tana is in the direction of Horse Plains, at
point near the head of Thompson river,
and about 100 miles from Missoula. The
camp is called Maginnis Gulch. A large
number of claims have been staked. but no
work can be done yet on account of the
snow.
More money is now being taken out of
the mountains by hydraulic mining in Ne
vada county than at this season for years.
From mine owned by A. A. Sargent, at
Nevada, quartz specimen was taken the
other day which assayed Sll0 1t was al
most a solid piece of gold, showing very
little quartz in it.
James Wilma came in from Tombstone
last night, says the Tucson "a. t. Star.
He and his partner, Ben Cook, are here to
receive the money (S35, 000) for the Wilma
mine. Late development on this property
has disclosed an ore body of great richness,
and probably it could not now be bought
for less than 100000.
IL IL ~
mine, ON Treasure Hill, in White Pine Dis
trict, several years since, a very large body
of low grade ores-some thousands of tons
averaging about $40 per ton, was opened
and exposed but owing to the cost of
breaking it down, hosting and hauling,
and the want of good mill for crushing,
it was not profitable to work. When, how
ever, the Eberhardt and Aurora tunnel is
completed, the ore can be broken down
and transported to the mill almost at a
nominal cost and handsome profit real.
lied.
Professor Raymond, in his report on the
Little Pittsburg mine, says in effect that
he did not find much ore, but there is a
very large area belonging to your company,
and entirely undeveloped, within which
the body would have room to develop an
immense quantity of ore" In commenting
on this the american Exchange says &c 1t
reminds us of story told BY Californian
in relation to the report of an expert on a
property he was very anxious to dispose of.
After looking very carefully at the under
ground workings both owner and expert
stood on the dump. The mine was located
on the side of very steep mountain, and
| IL H., -. i
both could look thousand feet into the
valley below. Anxious to find out what
would be the report of the expert the
owner asked What do you think of the
property +? Refectively the former an
swered Well, my friend, will say that
you have here very good place for a
Dump"
Less than three years ago, says the Orc
vile Mercury, McGee, McFarlane & Co.,
moneyed men residing at Rowland Flat,
made loan of s., 900, and took mine To-
Gated in the vicinity as security. Time
rolled on, the borrowers failed to meet
their obligations, and the capitalists were
compelled to get their money out of the
mine or do without. Repeated efforts to
sell the property for fifty per cent. below
cost failed, and as dernier resort the gen.
tlemen decided to develop the claim, and
make the best of a bad bargain. Work
was begun on tunnel in the fall of 1878,
but the labor of several months caused the
operators to believe that they were vast
ing their money, and they ceased that task
Meanwhile, the Empire Company's prop
erty, which joined the Bonanza, had been
worked out, and yielded $500, 600 net profit
from working 400 feet of ground. This
fact gave the discouraged gentlemen new
hope. They purchased the deserted EN-
pire tunnel, and resumed work in max
ing cross-cut from the end of
it into the Bonanza ground. Last
week, after having expended considerable
money in carrying out their plan, and kept
force of men constantly at work for over
year, the Bonanza lead of gravel was
struck. The first candle-box full of dirt
taken out cleaned up SlS2. Five hours
work on the dirt taken from the mine,
which is worked by the drift process, re-
suited in shipment of SIT, 900. Late adj
vices from the mine state that the lead
grows richer, and that the operators are
convinced that they have a veritable Boz
nanza They have 9, 500 feet of ground to
work on, and experienced miners assert
that it is, if anything, far richer than the
old Empire was. The affair has created
considerable excitement at Potosi two
miles above Rowland Flat, where the mine
is locatedl, prospectors being actively en-
gagged in locating claims upon every un-
claimed foot of land on the ridge. Having
regarded theirmine as comparatively worth
less up to the time that the Empire paid
SO well, the proprietors of the Bonanza are
thoroughly and very agreeably surprised.