CONROY’S GULLY.

Dunstan Times, Issue 516, 8 March 1872, Page 3

CONROY’S GULLY.

[Communicated.) As the insignificant and perverted notice of Ivcrsen's reef iu your Cromwell contemporary is likely to create a wrong impression and mislead the public, I am induced to write you on the subject, and give you as condeused an account of the facts as possible. Iversen's reef since the erection of machinery has cleared every expense includiug battery and water wheel, &., a lot of timber on hand, besides paying a small sum as a dividend to each of the six shareholders. Only one crushing has taken place that has not paid expenses. The last of thirty tons taken from a narrow vein at the foot of the main tunnel, gave a yield of 240z. 4dwt. of •retorted gold ; from the fact of the rock alongside the reef having had to be blasted and a lot of water making, a groat deal of mulloch was mixed with'the stone, otherwise the yield per ton would have been far different, the last specimens taken out looking fully up to ten ouncee to the ton. The prospect at ihe present time being so good, the shareholders are now about incurring another expense, by laying down piping along their main tunnel for drainage purposes. It is expected this plan will give this seasons work, when a lower level will have to be sought, The reef just now is very thin, but if it widens as it deepens o; which there is every hope, and maintains its present richness, a sure fortune awaits the shareholders. Over this reef there has been no blowing, as in other cases, 1 wot of, hence I infer the assumption that it was quiescent.