Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1883-04-19

"hae II Going On and How Oh,
Mine Looks.

0Vh0K ON 0m0 HOW tn0
Mine Looks.
Eureka Tunnel stock has been rather
Acsive during the last two days without
any perceptible cause. The telegrsphic
report shows 1900 shares sold Tuesday for
70 cents, while yesterday the stock dropped
BACK to 80 cents. Nothing has ~transpired
In the mine very recently to warrant any
extraordinary speculation or furry j n the
stock, although we are convinced that the
Eureka Tunnel is worth more than It 10
being sold for, whether ct so or IS cents
per share. That the stock il selling n
sucn low figures III the quoted sales are
not merely wash transactions) is doubt
less accounted for by the s.black eye'' that
this entire mining district suffers from ct
present in stock circles in San francisco
ind New York. With the prospect il re-
veals. were it located In Arizona, Montana
or Colorado, or almost anywhere but In
depressed Nevada, its stock would be lively
every day in the markets. A SENTINEL
reporter visited the mine yesterday, and
After inspecting the property through ell
its workings, came away with the same
opinion that has been expressed by every
body that has examined the property with
10 the last six weeks or month-that II
looks we'll at many points and is showing
up bigger and better almost continuously
~ the work OF development proceeds.
SIGNS OF ~PERMANENcY.
The mine abounds with indications that
1t will sooner or later reveal large bodies
OF ore and become q great bullion pro-
Queer. All signs point to the fact that the
ore bodies all make down, and that the
mine will grow larger and more valuable
~ depth IL attained. The two distinct
and hitherto sharply separated formations,
the carbonate ore deposit and the quartz
carrying streaks Of sulphurets, seem to be
making towards each other, and it is cal
culsted that they will come together below
and form one homologous body. This ex-
pectation Is based on the fact that In
approaching each other somewhat already
the quartz formation has changed ma
terislly and now carries considerable car.
Donates, whereas nearer the surface this
character Of ore was not to be found in it
st all. The lowest point reached ID in
what il called the south incline winze,
below the first level, 160 feet below the
tunnel level. On this level are the North
Addison and the South Addison chambers.
The south chamber IL in quartz ore carry
iEg black metal and seams OF carbonates,
~ intimstad above. The north chamber
IL in similar formation, and has been
worked 40 feet in and about eight feet wide
and eight feet deep. There 10 an abundance
OF low-grade ore intermixed with high
grade being taken out md assorted on the
surface. These two chambers are about
100 feet distant from . line drawn YER
tically from the Tunnel.
PRESENT DRAWBACKS.
The next principal point Of interest Wis
tied was south Wine No. 2, where the car
Donate vein, from which most Of the ore
has been heretofore extracted, was encoun-
tered. The vein Is here six feet in width,
aud in the Conner drift Of the same level
about Is inches wide. carrying ore that
assays $3.50 per ton. Gen. Conner, Super
~intendent, has concluded not to raise aIy
more ore from this quarter on account OF
the expense in getting 1t TO the surface. as
1t has now to be handled six times before
1t can be got into the wagons, until the
hosting facilities now in progress are
completed.
FUTURE FACILITIES.
An engine. with capacity to sink 1900
feet, is in place At . point l, 400 feet from
the mouth Of the Tunnel, near the double
compartment working shaft. which Is now
down about 80 feet. When completed to
the nrst (100-foot) level cages will be put
In place and future hosting will be done
by steam. The boiler IL In place outside
Of the Tunnel. and is being wrapped In
felt and canvas. 10 about three weeks tho
shaft will be completed and the engine
prepared to hoist from the first level. II
Il proposed then to sink tho shaft - rap
IDLY q possible to tho second level, 30 q
to get under the ore bodies that are now
being worked. When this IL accomplished
the Tunnel will Immediately have (~calcu-
lating upon the ore now in sight the
largest output Of any mine In the district.
PAyIxo xxPxNsxs.
Notwithstanding the present dissdvan-
tages and the absence OF almost every factl-
ity for work. the Tunnel 10 making regu-
lAr ore shipments BY which the running
expenses Of the mine. erecting hosting
machinery. sinking shaft and other dead
work, are being paid for with : small mi
plus left. with which the debt OF the COM
pany 10 being reduced. There are now u
minors employed BY the company.