A Rich Claim .

Cromwell Argus, Volume IV, Issue 207, 28 October 1873, Page 3

A Rich Claim .

_ There has always been a healthy competition existing among the mining companies of Bendigo to procure the largest cake of gold, each endeavouring to out-rival the other ; but there seems to be every probability of all the great 'and wealthy companies of the district being shortly beaten by a small and hitherto obscure tribute company. The stone now being broken in the mine of the Garden Gully Tribute Company No. 3 is exceedingly rich, and many experienced mining men have declared it to be without parallel in Sandhurst, so heavily is it charged with the precious metal. For the last fortnight this company has been crushing with one battery, and as a result the magnificent quantity of 3605 ozs. of amalgam has been obtained, of which 900 ozs. was worked off from the ripples only, for three days' crushing. The directors have determined to put on a second battery, and intend to keep both crushing for another fortnight, when they will be washed off and the amalgam and silver retorted. If the average continues as good within the next two weeks, with two batteries, as it has during the past fortnight with one, over 9000 ozs. of amalgam will have been obtained, and as the average amount of gold in amalgam is 50 per cent., the yield will be fully 4000 ozs. of gold. The directors, it is stated, intend to produce the largest cake ever retorted in the district, and if their calculations prove correct they will undoubtedly prove successful. And yet two months ago the shares of this tribute company could have been had on payment of a sixpenny call; the claim is now one of the most valuable mining properties on the line, and notwithstanding the shortness of the time to run —six months—the shares are worth 21s. in the market.— Bendigo Advertiser.