QUARTZ MINING MEMORANDA.

Cromwell Argus, Volume V, Issue 251, 1 September 1874, Page 5

QUARTZ MINING MEMORANDA.

The Star of the East cleaned up a crushing of 160 tons on Friday last, with a result o*f 190 ounces. This result was hardly so good as was expected. The stone, however, having been taken from different parts of the reef should be a fair sample of a very large body of stone, the manager having driven about 150 feet along the reef, and having risen upon it about 70 feet. The mill commenced crushing again yesterday morning on the same kind of stone, so the shareholders have every prospect of a handsome dividend once a fortnight, a dividend of six shillings a share having been declared payable this day. As soon as the tramroad which is in progress is completed, a great saving will be effected in the conveyance of stone to the mill. It is contemplated by the Heart of Oak directors to put in a deep tunnel, some 70 feet lower than that of the Star. The tunnel will be about 800* feet in length, and it is believed it will cut the same reef as is being worked in the Star, as well as the old reef that was worked in the Oak. An extraordinary meeting of the shareholders is called to decide on the matter.

We are given to understand that Messrs Herbert, Watson, and Co. are in treaty about having a mill erected at their claim, the Crown and Cross. They have a large quantity of stone out, and have been trying to com.3 to terms to have it crushed at the Royal Standard battery, but finding the charge too high,- they think of putting up a mill of their own. ,-,The stone from this claim looks very well, and a large quantity is in view. Altogether, the prospects of the reefs on the Carrick never looked better than for the ensuing summer, as quite a number of paying claims will be in full work the whole season through.