MINING NEWS.

Dunstan Times, Issue 1132, 11 January 1884, Page 3

MINING NEWS.

f Mr W: F'.'FoKßEsp’s, .Mining Rkpoki. , * ‘‘Now that, the holidays ..in -. »vor,tha various oompisu** nri the i Man Uanzo are making prepare iriis for a‘start to open up the xroun I, aud n feW .month* wilt show .definitely the value of tha range as a-reefing cosyhUy, . .• *. v« *.- v •• ~ . • .. > Idle Advance Company held a meeting on - the.Sth linsjt.. when the-Manager fo|ioried that they Uad-b -eu,engaged sine* DoCcniber l-lth sluicing off the alluvial ground so as to ; ■lay bare the rock. Good pm-pei-ts bad been obtained in several-leaders on the claim,arid a body of stone showing gold bad been struck in one of the cuts, but the ground bad not been sufficiently opened up to decide as to its extent. It was derided, if water undid be got, that sluicing should be cm tinned .for. another fortnight, so. as to expose the reef, when Another .meeting will. be bel t to decide upon.future operation*. In the” share market there is absolutely nothing-doing at present, both' buyers aud sellers hoi iiug back fur farther .developemeuts of the reefs before epecqla log to any extent. A %yr small parcels, of shares occasionally change hands privately, lit fair prices. Wtiite’s • reef may’’be quoted at Is 9J to 2s ;'.and Union’s at Is.. ~ ...