BEEPING REPORT.

Cromwell Argus, Volume III, Issue 148, 10 September 1872, Page 5

BEEPING REPORT.

Elizabeth Q.M. Company. —The manager’s report for the past fortnight states that a crushing of 133 tons yielded 71 ozs 5 dirts, being the remainder of blocks left in old workings which would otherwise have been lost. The main drive southward has disclosed no reef at 12 ft, but the course must be continued to line of No. 1 shaft. The main reef still looks promising and payable, and is Ift oin wide. The wet shaft must be emptied to open communication with the workings : efforts to otherwise pierce it have been unsuccessful. The machine is now crushing a trial lot of quartz for the Colleen Bawn Company,—about twenty tons.

Colleen Bawn. —At a meeting of shareholders held in Cromwell on Friday last, it was resolved to register the company under the Limited Liability Act, —the nominal capital to be £(>000, in 1200 shares of £5 each, and half the total amount of scrip to be retained by the present shareholders as paid-up shares. Mr Duncan MacKellar was appointed legal manager. The prospects of the Company are reported to be extremely good. A large extent of dead-work has been done in the mine during the last three or four months, which will enable the Company to work the reef systematically and economically. A small lot of stone from the claim is now going through the Elizabeth battery, and the result of the crushing is expected to be very good. The Colleen Bawn claim is most favourably situated as regards facilities for getting the quartz crushed, being within easy distance of the Elizabeth battery, and also of the intended sites of the batteries about to be erected in the right-hand branch of Smith’s Gully, on the Nil Desperaudum and Hubert Burns claims respectively.