Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1882-01-11

number OF assessments levied tuo past
week, and tho effect has been 10 badly
demoralize the stock market. Many
dealers have made haste to sell out.
thereby breaking prices still more. Az.
ssssmsnts are . necessity. a oil know.
and why there should be such . general
blue feeling over the lsvyins Of them il
net easily ~undsntood. Apsrson buying
stocks cannot reasonably expect . boz
nsnza to be developed - soon as he il
interested, and should make his invest
msnt with the expectation Of paying as
sessusnts for . time ct least.
During 1881 there was little actual
prospecting work done in the mines.
most Of 1t was what il called dead"
work-that 10. work looking to pros
pectins in the future. The latter part OF
December Jaw actual prospecting begun
and that work IL now going on In nearly
all the mines. Most Of the crosscuts
show ore giving assays. too. and while
1t is OF low grade now, the stringsrs are
in such p~roiusion a. to cause hope that
large and rich bodies may be found.
The assessment recently levied on the
overman IL for the purpose Of paying
its proportion to the Sutro Tunnel Com.
pany, which has the south branch
drift in Ovsrman ground and will
mako connection within four weeks.
Crosscut,ing was commenced from the
south drift in the mine last week. 1t
will be remembered some stringsrs Of ore
we're found in running this drift and the
crosscut 10 driven to find out what lies
TO the eastward.
The outlook along the lead 10 brighter
today and more favorable for the devel-
opment OF orc than q year ago.
Below will DO found authentic and
reliable reports Of the mines. showing
the situation in each up to the hour oil
going to press:
Yellow Jackes.
The faces OF the erosscuts OF the 1928
and 5000 levels are still in the favorable
formation heretofore reported. Each OF
these crosscuU are driven about 30 feet
Der week. The crossdrift run from the
face Of the south lateral drift on the 5000
level 10 also In the same formation as
the other east crosscuts. The crossdrift
from the north lateral Is In hard. dry
ground and has attained q total length
Of llS feet.
Mexican.
The drift to connect with the Union
Consolidated. Sierra Nevada winze has
been started and Is in 80 feet. Work Is
pushed from both the Union Consoli.
dated and Sierra Nevada joint winze
and the Mexican and Union Consolidated
Joint WINE. 1t will take about ten
weeks to make the connection between
the two wines. The drift joint with
Ophir ON the 1900 is driven forward as
usual.
Uuiou Consolidated.
A main lateral drift (No. % has been
started on the 2700 level and will ex.
plore ground to the southwark. The
drift will be run along the west side OF
the vein and be used Is q starting point
for crosscuts. The drift to connect the
| joint Sierra Nevada winze with the jsint
Mexican winze il making good progress.
and by working from both WINES 1t 10
expected connection will be made In ten
weeks.
siersa Nevada.
Sinking has been resumed In the
winzs joint with Union Consolidated.
It il now q short distance below the $500
level, where q station was cut out. The
main north DRIFT was extended 80 feet
last week. The winzs In crosscut No. 2
has attained q depth Of l5 feet. The
winze in erosscut No. 3 will be started
this week.
overmau.
A fan has been placed in position in
the east drift on the 2275 level and Is
proving valuable for vsntilatiug. A
crosscut has been started from the south
drift which Is In about 40 feet. In run.
ming this south drift small stringers Of
ore were encountered and there is hope
that the crosscut will find ere in guam
tity.
California.
The joint Consolidated Virginia Wine
from the $500 level is sunk and timbered
10 feet per week. The east drift on the
200 level joint with Ophir has been ad.
vanced 10 feet since last report. Re
pairs are still being made to the upper
levels for the purpose Of ventilation.
Gould d Curry aud Best q BsIcher
shnn.
The west 'crosscut. 1900 level. %contin.
uss in hard. dry ground. It Is advanced
ct the rate Of 40 feet per week. The
northwest drift. same level. has attained
Q total length OF 235 feet. 1t 10 also In
ground hard and dry.
Forman SHAFT.
The shaft has attained q depth Of 1926
feet. II is sunk 10 feet per week. The
DRIFT to sonnet with the Sutro tunnel is
in GEO fee. from . point 200 feet west OF
the shaft. Connection will DO made
early in February.
Consolidated Imperial.
The east erosscut frsm the south winzs
is making good progress. For the last
80 feet the porphyry has contained 90.
c~asiopal stresks Of lively quartz. Repairs
are continued to the main incline.