MINING ITEMS.

Dunstan Times, Issue 496, 20 October 1871, Page 2

MINING ITEMS.

The prospecting now going on in the Palmerston district for copper is likely to languish for want of funds. A shaft has been sunk to a depth of sixty feet, and at thirty-five feet something like 14 per cent of copper to the ton was obtained, and the deeper the shaft is sunk the richer the ore becomes. It will bo a great pity if the enterprise is allow cd to fall through for the want of a little capital. The formation of a Joint Stock Company is proposed. The prospects of the Ocean View Beef continue encouraging. A telegram fiom Tohomairiro states that a fortnight’s steady crushing of stone has yielded the satisfactory return of one hundred and twenty-five ounces of g Id. A company, to work the Taranaki steel sand, (if not formed in London shortly). - will be floated in New York. A minor at Stockyard Creek diggings writes as follows to the Melbourne Leaden —“ The only payable groun 1 here is around rlie township, which in some e aims is very rich, and, to trace it further has defied everybody. My humble belief is, that a line of rich lea lers has crossed the flat near the township and thrown out the gold, for wherever the bottom is destitute of the gold is scarce. Washes of this nature never travel far; they are termed re { washes. To prove my statement, thcgi d oh ained here is most all specimen goli, Any experienced minor will know that washes of this description generally make mployment for a few only ; the reefs or leaders may run out fur her on, or have been poor. Since Stockyard Creek fint ipeneil, I should think that something like three thousand men have been and gone, and the result is, that from one hundred and twenty to one hundred and fifty ha'-e been lucky enough to drop on to gold. They also include a few doing a 'ittle on the Bcnison Creek, about a mile and i. half from here ■, these, however, are all doing much ’ or little. Prospecting further back is vigorously carried on, and something else may turn up. I am acquainted, almost with every one here getting gold, and the average weekly is" about tivo hundred unccs. Pro’ty fair for thn-e getting the most of it. To those thinking of Dying Stockyard Cieek, my advice.is, don’t come 1 ere without money enough to bring you hack.