New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-13
Bullion valued at $40, $50 80 was received in this

Rullion yalned at Si2 $50 80 was received in this
city Yesterday from he mines
A telegram dated January 10. from the snpcrn-
teudeut of the South Horn Silver Mining Company
81 res that the main shaft is now down II feet.
The president of the Boston Consolidated Com
pauy now III this city, Yesterday received telegram
from the superintendent ut the mine, stating thar IN
tLe nroprcss OF his necessary development WORK Il"
has bored to the east wall Of the ledge, and the Dor
ines for four feet III the centre Of the ledge at the
end of the north DRIFT on the 3OU-icvel assIycd Si7
per ton This " regarded as very important dis-
covery M ing .he continuity of the Ore-body
The supcrinterdent of the Alta Montana Company
telegraphs under date of January II; "Smrltcr
running satisfactorily. Average ZOO pounds bull
lion daily. Bullion on hand 10000 pounds. Alta
mine bonanza. One weeks ~ 1ductiOn, 20 tons
daily, absaying 2IS ounces per ton"
Al meeting of the stockholdGrs OF the Durango
Company. held yesterday. the following were cleo cd
trustees for tie ensuing year: Alex. Mcdonald,
X. NJ Mitchell. jr Charles Sargent. I. J. Macarthur
Justus c. Hall. J. Minor Decker and Gustavus $.
New.
The superintendent OF the Standard Consolidated
Company reports. under date Of January 8. that the
east crosscut 600 level IA i'll 20 feet and that the
Bob station at the 800 level IL now tlmbcred. The
total length OF east crosscut from north drift 700
level is 142 feet, with face i'll very hard blasting
rock The south drift from the east crosscut is IN
Go feet, showing the ledge feet wide. The north
DRIFT from the north uprase is In III feet. with
ledge feet wide. On the 800 level the ledge Is
from 10 TO 8 feet wide, and on the 3S5 level the
ledge is from IT, feet III the south end and from
I3 10 20 feet in the north. The slopes in the $50
Lowell of incline are looking WE'LL the ledge being II
feet wide.
Mining Company, held yesterday, tho following
were elected trustees for the ensuing year: Marcus
p BestOw James r. BlandfOrd j. u. IIOwland j.
X. Hosmer. T.. IA. Milford, George j.. Flint and w.
s. Phillips The superintendent then submitted his
report for the year. The report shows that
in March. 1880 the company purchased $50 acres
of mineral iand. known as the Crowell mlnr which
100000. A secondhand 5-stanp mill was pur
chased at the Same time. A lot of 100
ng an average Of SO per ton. the
Company decided to buy large amount OF add.
tional machinery, and also entirely rebuilt the old
mill and erected additional buildings The main
shaft is now down III feet, and at depth Of 100
shalt. On this level n large amount of low.grade
averaging P3 per ton can be extracted. An ex-
pert who examined the mine IN October last was Of
the opinion that the mine contains two chimueys OF
ore, between which the main shaft has been sunk
and that at depth of less than 800 feet the latter
will cut the main ore chute.
The attention OF Eastern capitalists IL being grad
ually directed toward the Nova Scotia gold mines
which are situated upon an auriferOus belt or zone
bordering the Atlantic scabOard, and covering an
area Of at least 5000 square miles, upon which,
among others. are the following mining districts
that are beng worked 10 greater or less extent
VIZ, Sherbrooke, Tanaier, Fifteen Mile Stream Car
last-named district IS located tho Rose-Robi nsOn
mine, owned and operated by NewYo capitalists.
At the time To is mine was purchased about q year
agol the vein showed only al Outcrop of barely
three inches but as sinking was continued
IL gradually widened, until at a depth of 100 feet
the vein showed width of at least 10 nches at the
snme time increasing in value. 1t is stated that the