PORT PEGASUS TIN MINES

Ashburton Guardian, Volume VII, Issue 2280, 14 November 1889, Page 2

PORT PEGASUS TIN MINES

THE BEtiF FOOND.

The '« Houthlaud Times " of the 12 h Inat publishes the following :— - News reaohed town laat night by Mr Knuokey, one of the contractors for the driving of a tunnel for the Pegamus Tn Mining 00, In tbelr holding at Port Pegasus, that thoy had atruok the lode of tin-stone, tha outcrop of which Is seen on the ridge of the Rerrarksbleß. The oontraot was to drive 250 feet and the wo.k bas been

carried three feet further, the last 33 feet being through fcbs lode. Sounds of running water ahead induced them to persevere a litt'e beyond the contraot diatance — tbat indication being held by experts to be good evidenoe: — but M? Kondkey de.ided to cease work aud come over to report to the proprietors. No In** formation was available last ntght as to the. richness of the stone, but that haa almost been set at rest by the assays of portions of the outcrop, whlob were considered good: Tbe Oompany meantime are to be oongratnlated on having oleared the way for a thorough tsat of the value of the field so far as Us mining aspeot fa oonoerned, and also on tbe acenraoy of the calculations of the depth at whlob the lode would be met wltb. A meeting of the proprietors will mt onoe be held.