ITEMS OF MINING NEWS

Cromwell Argus, Volume V, Issue 248, 11 August 1874, Page 7

ITEMS OF MINING NEWS

u We haxtebeeni informed by our special cori Teßpondent v at ; Waipori that the prospeots lately obtained l from the old 0. P. Q. reef are j such asjtiatlfy the opinion now formed of it, that it is the largest and best defined reef in this - Pro and, hot surpassed as a mineral ' • lode 1 by- any on the Thames goldfield. It gives also for some considerable distance such promises of its richness that, 'the new shareholders are expected to realise far more than the capital they injudiciously sunk on it by wprking it by steam power. 1 We have also b'eeri'mformed that the Provincial geologist, who 1b well acquainted with the Thames .district, has expressed himself most favourably , as to its • future, and as the present shareholders' have bought Bulson and party's water-race,—onei of the finest and most substantially constructed races in the country,— they will be able to crush arid' ihine at about 4dwts. per ton. This race is to be completed by Messrs Bulson and party to the machine site}within 'four months from the Ist inst., and then we may confidently look forward to having another good paying venture at work. It will do the Province equal good with the shareholders, and we congratulate the owners iipon the pluck'with which'they have stuck to their property, which was always anticipated to prove the good.thing it has now shown itself if properly worked.— Times. ; Good news again comes to hand from the Mohikinui (says the Westport Times). The drive to the northward of the Halcyon claim shows atone that astonishes even veteran quartz-reefers. Some specimens brought in are on view at the office of the company in •Lyttleton-street. A couple of hundred-weight of similar stone is now on its way down by pack-horse, and the mining manager avers that it is a fair sample of the entire lead •where last opened up. As a rule, it is unsafe to dilate too freely on the richness of the reefs, as evidenced by specimens, but not the slightest shadow of a doubt exists of the statement of disinterested parties, as well as shareholders, that the Mohikinui reefs are exceptionally rich in golden treasure. . . The West Coast Times says :-r;. "it is with sincere pleasure, we are able to report the continued success of the last Greenstone rush, at Bevell's Terrace. So far from it. being overrated, its value seems to increase daily, and one of the old-fashioned stampedes' to the locality has "fairly set in. We are in a position to state,'on most reliable authority, that no ' lesp than sixteen tunnels that have been put in have struck gold, and others now being prosecuted will probably be equally fortunate. .The back country has been largely taken up, arid there are fresh claims occupied daily. In this, sinking is of course the order of the day, and .the country is mo§t' likely -looking, in point of view." accounts so far received are most-favourable, and there .seems, every reason to believe^that a new and ■most valuable tract of auriferous country has -Keen opened up. The terrace in question, we may add, is situated about two miles to the northward of the Greenstone, in the direction of Maori Point."

The Wellington correspondent of the Evening,Starß&js :— I< l expect your readers will all be pleased with the goldfields report. It is more compact, contains fuller, information, lias in its appendix more complete tabulated statistics than in either of the reports preceding. The earnings of miners in the different localities of the gold-bearing districts of the Colony, and the yields from the various "parcels of quarts crushed during the year, are especially interesting and instructive. It is to be regretted that the mine owners in our -Province—especially in the Cromwell district A —should have been so reluctant to furnish Teturjis of the quartz crushed and the yield obtained from the stone put through their "mills. It will be seen that nearly all the -valuable information that has been obtained from this locality is due to the courtesy of Mr Charles Colclough, which Mr Haughton fails, not'to acknowledge. A comparison of the results of our quartz'workings with those in Australia will show clearly how much greater an amount of gold per ton we obtain from the stone We crush than our neighbors. This fact, if it obtains due publicity, will probably induce an influx of extraneous capital to develop the resources of our quartz lodes. The returns from the Thames gold field are almost perfect."