MINING.

Dunstan Times, Issue 1289, 12 November 1886, Page 3

MINING.

Tho news from White’s reef is more cheering, and the"local directors look mere hopefully to the future. On Monday last, when on a visit of inspection, the directors hail about three-quarters of a basket of stone knocked out of the face from the new shoot of stone made in the tunnel on the Saturday previous, and ha I it washe I in. their presence, the result being fu’iy 31 wts of loose gold, besides a number of specimens showing good gold. Our correspondent says that if only a few tons of this quality of stuff is got it will ceate astir and put renewed faith in the faint-hearted shareholders. A parcel of the stone has been sent to Mr Park, the legal manager. Some little difficulty has been experienced with the men-working in the claim, they wishing to emulate the Kaitangata miners and dictate their own terms The local directors, however, at once sacked the discontented ones and engaged others in their stead, who are engage I recovering the new shoot of atone referred to. Mr Bennett has commenced on his duty as mine manager, and under his guidance it is thought and hoped everything will work with greater smoothness and with greater profit to the shareholders. A parcel of contributing shares were sold the other day, though the price was small it indicates a slight reaction in favor of the mine, because .previously no one could I e found to take them at a gift. On Saturday next, the 20th, I learn that 200 fully paid-up shares will be sold by auction at Alexandra. These shares belonged to the late G.N. M’Donald. The-e is nothing in |particular s'irring in the mining world about h-re. Water is plentiful, and as a consequence all the sluicing claims are in full swing The three dredges just above Alexandra are hard at work. The results obtained, however, do not transpire. Mr Gibson ami liis new apparatus has not been heard of lately, at a'l even’s in these parts, thnu.h it is high time, if his machine arrived in the colony two months ago as tie said it was to have done.