NEW SOUTH WALES.

Grey River Argus, Volume IX, Issue 662, 16 April 1870, Page 4

NEW SOUTH WALES.

[SYDNEY TOWN AND COUNTRY JOURNAL, MAHCH 19.] From the Ironbarks we hear that a Mr Davis, who was lately prospecting for diamonds in the Macquarie River, has now, with others, taken possession of the whole of the quartz tailings which have accumulated there in past years, and intends submitting them to some process by which they hope to realise handsome returns. >■ Some excitement has been caused at Tumut by a rumor that some quartz from Murphy and Oo.'s claim, at Sandy Creek, had yielded an excellent return. The report was by many considered too good to be true ; but it is substantially correct, 3£ tons crushed by Messrs Edwards Bros., at Adelong, having yielded 30oz sdwt 12gr. The reef in this claim is very narrow, only some two or three inches wide, and the proprietors at about 50ft deep have come on water which is rather difficult to contend against ; but they hope to be able to put in a tunnel which will relieve the claim of superfluous fluid. The mining intelligence from Araluen is much more satisfactory than of late. The local correspondent of the Braidwood l>ispatch states that the holders of a new claim, called the White Star, after stripping for six weeks, washed 50oz in seven shifts. The shareholders in this claim have been rather unfortunate of late, and they justly deserve a reward for their long patience. The claim known by the sobriquet of "Fenians," has washed well. There is some excellent land attached to it which will take a long time to exhaust. Most of the others contiguous to this claim seem to be paying expenses with average dividends. There is every prospect of a very rich payable reef being opened shortly. The spot where this reef is, is 1 think about nine miles south of Araluen, and shares amounting to twenty, have been readily disposed of at slight premium. The Timby reef, near Obley, appears to have been turning out some good stone. One share has been sold for Ll7 los in the leased ground, and a claim taken out adjoining. Buckinbah Reef has been at a standstill since it changed hands. A great stir is expected in a week or two, as soon as their accumulative energies can be got up to fever heat Gunner's Dam Reef is in a nambypamby state, neither one thing nor the other. The news from Cargo is not of much importance. No. 1 north, Rise and Shine, have commenced crushing; the prospectors have about 80 tons ready ; the Alpine, will, I believe, follow ; the Ironclads are actively at work, also Carey's party ; the crying evil is the want of cheap crushing. The correspondent of the Examiner has the following :— Mr Carey, of the Sydney Company, argues that quartz miners and also alluvial miners of the district need never be short of means for the want of crushing appliances ; they could, as he had done, erect an Aucestic. This principle is very old, and was, no doubt, gleaned, from a report of Sivera Butties Mining Company, -which commenced ■ operations during the early part of 1851. The quartz was crushed by method of the I Aucestic for upwards of six years, after which they crushed by the Aucestic and a small Chilian mill. The following figures show the result, from 1851 to 1865, the yield in value was Ll,120,000 ; working expenses, L 385.00 0; net profits, L.785,000. The Aucestic is very simple and cheap, and may be of service to parties of small means. Mr Carey has promised to hand him the details for the guidance of those unacquainted with the method. It was reported early in the week at the Grenfell that gold had been struck at a depth of 140 ft in the ten-acre lease of Messrs Harvey and party, on Milkman's lead. This ground is situated near the upper end of the dairy, and there is every reason to believe that gold was got. If it should be demonstrated that payable gold lies along the Milkman's Gully so far up. the aspect of the gold field will be much improved.