IMPORTANT MINING NEWS.

Dunstan Times, Issue 666, 22 January 1875, Page 3

IMPORTANT MINING NEWS.

>—o— On Saturday last Mr Bosanko, Mining Manager of the Lucknow Quartz Mining Company, Bendigo, conveyed to Cromwell the pleasing intelligence of having struck payable stone in the Company’s claim. Further information than this we were unable to glean from Mr Besanko, but by a gentleman wholly disconnected from the claim we were shewn a small specimen of the stone in which gold was distinctly visible. The stone is of a blue color, and similar to that worked by the Cololough Company, the original owners of the claim. The present discovery being at a considerably greater depth than ever reached by the old Company may be looked at as a permanent one. The Daily Times having been shown a telegram, which was sent to one of the Directors of the Company, announcing the discovery, says “ The importance of the information conveyed in the telegram cannot be overrated. For upwards of two years and a-half the Lucknow Company has been spending money with a view of striking the reef, which its promoters were convinced existed in their claim, and their efforts have at length met with the success they deserve. The Lucknow claim is in Bendigo Gully, and is not far from Logan’s reef, which is one of the richest in the Province. We trust soon to hear that the reef which has been struck is of as substantial a character as Logan’s. As a general result of the discovery we have no doubt that an impetus will have been given to quartz mining which will exercise a beneficial effect upon the mining industry of the Province.”

[Since the above was written, Mr Ulrich, who visited tho Lucknow claim, in company with Mr M'Kellar, the Gold-fields’ Secretary, on Wednesday afternoon last, (hut it was only on the latter gentleman asserting his right to enter the mine that Mr Besanko, the working manager of the Company, coliceded'the right of entry,) informs us the discovery is not worth anything, the stone found being a mere blow off the reef.]