Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1883-09-08
EUREKA TUNNEL.
Semi Annual Statement Of the
Board of Directors.

work Done fn IN Mime - Thu
Qua"tfty and Quality of Orc
The FOrmatiOn-rhe Cempany's
Finances-AmOunts Received and
Expended-The Balance.
To the stockholders Of the Eureka Tun.
mel and Mining Company of Eureka, Ne
vada: Since our report in March last the
ore extracted from the mine for the six
months ending Aug. 81 amounts TO 1,425h
tons, OF an average assay value Of 500 81,
giving us a net product at furnace Of s52,-
11S SO, approximsting $50 81 per ton.
The bulk Of this was taken from the hard
rein forming what is known as the Addi-
son chamber and called chloride ore,
the lesser quantity from the soft vein, east
OF and running parallel with it, called
carbonate ore.
The exploration of the mine TO . depth
OF 100 feet below the tunnel level proves
the continuity of the ore body 6rst found
IN the south drift from the main tunnel.
we having made connection between 1t and
the Addison chamber, while by drifts,
WINES, upraises and slopes through the
carbonate vein we prove its identity with
the vein first found in the old north work
ings, about $50 feet in from the tunnel
opening.
Above the tunnel level we are still fol-
lowing chloride ore and have hopes Of it
making in larger deposits than now chow
ing, and all signs known to miners indi-
cate a greater concentration snd stronger
ore bodies below.
The necessity for revenue to meet the
expense of prospecting and opening this
valuable property compels the employment
OF a large number of miners in the ore at
hand, which, existing in limestone irregu-
lar and scattering as it now is, makes its
extraction slow and expensive, but when
making in large chambers, such as the
Addison, paying well.
The usual output OF the mine has been
materially lessened from the fact that the
Addison chamber has been cut of in
depth by the dip Of the eastern
shale, thus throwing the vein further
west and towards he main shaft
In which we again expect to find its con-
tinuance. The dimensions of this shaft are
four by eight fest, double compartment,
and in depth 2l0 feet below the tunnel
level, from which point two prospecting
drifts are being run, which show in spots
some seams Of ore Of good grade, suf-
ficient to prove the life OF the vein or
ore channel. From these drifts cross
cuts will be driven towards the dip OF
the vein as shown in upper levels. The
mine has been put to more than ordi-
nary expense for machinery and material
necessary to the main hosting shaft, while
the cost for labor has been increased by
the necessity for ventilation and lack Of
hosting facilities, which will now be rem
edied by connection of the old workings
with the shaft. For these reasons our in
debtedness has not been decreased. but the
property of the Eureka Tunnel and Mining
Company should not be stingily dealt
with. The mine gives unerring signs of
coming wealth. 1t is entitled to the con-
idence and support Of its stockholders,
who should relieve it from it's financial
necessities, so that it may be more vigor-
ously and systematically prospected and
the object Of mining sooner gained.
By order Of the Board of Trustees.
JouN PARDY, Secretary.
FINANCIAL STATEMENT.
Report Of Eureka Tunnel and Mining Com
pany. Six months expenditures from March