GOLD MINING NEWS.

Greymouth Evening Star, Volume XXXI, 28 February 1901, Page 3

GOLD MINING NEWS.

A party of Chinamen, who have been sluicing about half a mile above Chinatown, Cromwell, washed up between 600 aucl 700 ounces last week.

Heavy timber is being forwarded by rail from ffokitika for tho Teremakau dreiJgo. The G'enrock mine, (quartz) Ofcago, yielded 105 oz 10 dwt3 6grs from 100 tons Tho Princess of Wales Gold Dredging Company, whoso claim is at Donoghues, noar Boss, is in process of liquidation, boring tests having proved tho ground unpayable. Mr Thomas Chaltncr, Dunedin, has been appointed liquida'or. Wo learn that from several bores put down in tho Greonstoao Company's Dredging claim no bottom has yet been reached in any of them. "Wo aro not aware if tho prospects aro satisfactory, but we consider the claim should bo a payable ono. Mr J. Ritchie, of Fern Flat, in com pany with several Wellington mining speculators, lias been inspecting some of the Matakitaki dredging areas during the paßt week. Tho Greenstone Creek Gold Mining Company's dredge will commence work next week. Mr W. Cable, of Cable and Company, Wellington, is going over to start it.

A meeting of shareholders in the Ahaura Liver Gold Dredging Compiny is ea'.'ed for next month, says the 'Otago Daily Times," when the directors wil ; explain the financial position. It is unders.ood there is no intention to increase tho capital of the company by the issuo of new shares, but the directors beforo borrowing sufficient money to finish tho contacts desiie to consult the shareholders.