A narrowing in a vein of ore, rendering it less profitable. To Pinch. To contract.
1869. They know that it [the lead] may cap, or pinch, or play out entirely.A. K. McClure. Rocky Mountains, p. 267.
1878. Again he [the miner] encounters a pinch or cap, and hope almost dies out ere he gets through it.J. H. Beadle, Western Wilds, p. 486.