CAERICK RANGE QUARTZ REEFS.
The Heart of Oak Company washed up on Wednesday last. They obtained 330 ozs. 11 dwta. from 179 tons of stone. This is the largest cake of gold yet obtained from the Range. A dividend of lis. per L.IU share has been declared by the management. The Star of the East Company, crushing at the Elizabeth Battery, clean up to-morrow. Some 100 tons have been put through during the past fortnight. This crushing is taken entirely from the thick portion of the reef, and will inform the public and scripholders how this vast block of stone will pay. The Elizabeth Company expect daily to open communication with their upper workings, by driving from their tunnel to the shaft they have sunk, following the course of the reef. It is a singular fact, but a dyke seems to have cut oil', or dislocated, the reef, at the point where the tunnel should have cut it. The dyke appears to run almost at right angles to the couise of the reef. The Robert Burns Company obtained (>L o;;s. of gold from 53 tons of stone. They have still a considerable quantity of surface stone to take out. The re if, at a depth, is as yet untried. The sinking of the Colleen Bawn shaft was let at 15s. per foot.
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Bibliographic details
Cromwell Argus, Volume III, Issue 132, 21 May 1872, Page 5
Word Count
222CAERICK RANGE QUARTZ REEFS. Cromwell Argus, Volume III, Issue 132, 21 May 1872, Page 5
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