GOOD NEWS FROM THE REEFS.

Evening Star, Issue 3714, 18 January 1875, Page 2

GOOD NEWS FROM THE REEFS.

BENDIGO. Consequent upon the extraordinary rich yields from the Cromwell Quartz Mining Compauy, Bendigo, a re-action in favor of the distnct has set in. Claims are being taken up, and companies being formed, and so far the only unwelcome sound is—“ Why did you not put me down for so many shares ?” The fact is, the excitement both in and outside of the district is up to fever height, and the long unsolved problem—“ls Bendfro * rt£f id r Lwiil ’ iQ on SS* 1 thls summer. The ventures e i~° r^ weU » Lucknow, Reeu; ’ p uer S e fac, Deep Level, Rise alid bhme. Aurora Lease (M’Morran). Golden Crown Claim (Messrs Logan, Wrightson, and JLiagg), and two or three other claims or leases fV?vJ? y Mr T. Logan. The first on the list, cne Cromwell Company, are raising from their -iNo. l lease, at a depth of 280 feet, some very excellent stone, 4<*. to 6oz. to the ton being the average, with a strong reef before them also from two other shafts at various levels! Taking the stone at the battery, and at the various shafts, wo compnte the quantity of stone on grass to be about 600 tons No 2 lease, and the Golden Link claim adjoining the Ao. 1 lease. the property of the same Company are lying idle; not that there is no stone, but that the crushing power of the Company IS i fuU & OCCUI)Ied - I<; w intended to place these properties before the public. Lhc Rebande Company, situate on the western boundary of No. 1 lease, are sinking aVecS j« St fh hja r bei r s fout * d > after p U d v«y, to be the Ime of reef. The second shatt is now down over 100 feet i Ue.vy drift wash, and S T h t existence of this deposit of wash wKh stliist was thousrht fn Vux ’ "note thfc surface, is the wonder of the district*'-ft!*!* tb ° fectly incomprehensible The Fnn Ct * a . ud J' er * cm, Write, Sto“, tSmlSpa

a •head is getting very wet and rather softer, though still very hard, Mr Besanki, the manager, thinks the reef is not far distant. The Golden Crown is sinking and carrying a thin leader down. The Aurora, Deep Level Company and the Disc and Shine are arranging pnd.minaries preparatory for a start since this was writ.ten no little stir has taken place at the south end the Cromwell Company’s claim. I 1 resh claims have been mark 'd out to the south and adjoining the company’s ground: and the Reliance has also marked out an extia six acres to the south ot the present lease. If the discovery is such as to warrant this marking out Bendigo may safely be said to have started on a new era, as in the direction oi the present marking there are miles of likely country. CARRICK. Great confidence is expressed in this district, and hopes are entertained that when the Garrick Range water-race is completed and a full supply of water is brought on to the ground, the locality will he the richest and hold the most prosperous population of any place in the Province. The number of quartz reefs proved to be payable, but awaiting cheap crushing, is legion, and the same mey be said of the alluvial terraces and flats, which only await water. This however, is not long-lived, as the Garrick VYater-race Company have succeeded, as previously announced by us, in bringing the supply of water to the Young Australian mill, and the conveyance of the same from thence to the ground on the Bannockburn is a matter not so much of labor as of convenience. The only crushing of late, we have heard of, was from the Leader Claim, which is situate nearly on the crown of the range, the yield being 24dwta to the ton. This is highly payable considering the great body of stone. \ ALEXANDRA. The prospects of this district, we are happy to say, are considerably brighter than they were at the beginning of last year.— ‘ Dunstan Times.”