Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1881-10-25
THE EUREKA TUNNEL.
Further Improvement In the Grea
R0nanxn

In Company with GENERAL Conner,
SENTINEL reporter yesterday visited tn,
Eureka Tunnel and its great bonanza
When We say great bonanza, that is pre-
cisely what we mean. We mean that Il /,
great both as to value and extent. Every
day and stroke Of the pick denotes i'm.
provement. There never was before such
a development in this district. Some OF
tne huoy Hill mines have shown larger de.
posts, as compared with the Eureka Tun.
mel body at his writing, but none have
approached it in point Of richness, II
must be kept constantly in view that this
tunnel ore per ton is nearly three times as
rich as the Ruby Hill ore. From $40 to
$40 is a good average for the ores of Ruby
Hill. The tunnel ore, taken Just as ii
comes, without any effort at selection,
pulps $50 to the ton. 1t could be as.
sorted so as to work the first-class up to
$3.50 or $500 per ton, with the second
grade running approximately as high as
the Ruby Hill ores. The extent OF the
new bonanza has not yet been determined.
1t has been explored 60 feet in leugth, by
70 in depth, and about 80 in width. The
end is nowhere visible. On the contrary,
there is ore on every side. The body may
be a dozen times as large as now demon
strated. Every indication seems to point
to the fact that it is muck greater. 1t
seems to gain strength and width and
breadth and depth and volume day by
day. 1t is better and more valuable each
day than it was the day before.
The Shaws discovered the first big bo-
nanZa in the Eureka Consolidated. This
writer made q visit to it with John Shaw
when the body had been fully developed.
1t was about 100 feet long by go feet wide
IN the widest place, and had q depth Of,
say, so feet. That was sixty-dollar ore.
The body was scarcely double the size Of
the Eureka Tunnel body and not more
than one-third as rich. And yet Sharon
and Requa and others came up and looked
at that Eureka Con. bonanza, became
heavy buyers, and the stock went to SIG
per share. Sharon advised his friend, DR..
Zeile, to buy at the inflated figures, and
though the stock shortly declined the Doc
tor realized a colossal fortune ont OF his
investment. For a long time he received
100000 per month in dividends. The Eu-
reka Con. went on paying dividends until
1t had paid $50 per share and now only
passes a few months until the new hoist
ing works shall be completed. Every one
familiar with the property knows that its
dividends in the future will run
the aggregate up to 500 per share.
the full par value Of the stock. But
we did not start in to "write up" the Eu-
reka Con-. We have simply sought to draw
q parallel. 1t is a striking one The
Prospect Mountain ores are OF magnificent
grade. The mountain in which they occur
IS a towering old sentinel. and there is
ample room for mammoth deposits. The
Eureka Tunnel seems to have secured one
OF immense proportions. We dare to say
that we are not over enthusiastic in re-
cording the prediction that the~brilliant
record Of the Eureka Consolidated is des-
tined to be eclipsed by that Of tho Eureka
Tunnel. 1t is but naked truth to say that
tho possibilities OF the new find cannot
well be overestimated. We are prepared
to see it produce its tens OF millions. This
wonderful district has astonished every
body. The depths Of Prospect Mountain
may yet amaze the mining world.