SOUTH BEACH.

Grey River Argus, Volume XI, Issue 942, 3 August 1871, Page 2

SOUTH BEACH.

[from our own correspondent.] August 2. The predictions that were formerly indulged in respecting the future prospects of the Lagoon Lead are being now fulfilled. The ground that has been opened by the long tunnels has far surpassed the most sanguine expectations of the parties who undertook this arduous undertaking. At the time they commenced the work, the prospects they were then able to get only warranted them in estimating the probable returns as paying small wages, with every probability of a long job. How manfully they continued their labor till the tunnel was completed is well known, and though somewhat disheartened by their first paddock being rather too much to the westward, they have since then been amply compensated, and are likely to be so for many a long day. The immense depth of payable wash which they have makes both claims of great value, and each enterprising proprietor can look forward to many years' profitable work. The two companies being fully alive to the valuable property they possess, and knowing the necessity there exists for a more abundant supply of water, have taken up some creeks that fall intothe New River, and have already entered into a contract for the cutting of the race, 40 chains of which are expected to be completed in about three weeks or a month. This, undoubtedly, will be a great assistance, and enable them to keep the boxes constantly going. Gordon and Company have adopted horse-power to convey the wash to the boxes, and this must materially assist them in putting more stuff aw.«v~i. - VuwLtdfta _ economising manual taken up a joint share was sold, the proprietor paying a certain sum as an equivalent for his labor till this tunnel was taken up to the lead, and then, and not till then, was he to represent it. It is now barely three months since this may be said to be the case, and the same share has lately been sold for five times more than it originally cost. This speaks volumes for the future prospects of both companies ; in fact, they may be looked on as two of the most valuable claims that, have ever been opened on the Lagoon or the Stony Lead. Whilst these two claims have such good prospects, the other maiden ground remains in its virgin state. Several parties have made attempts to sink shafts, but all have failed to get down the required depth. This ground cannot be prospected properly without a tail-race, or, more properly, a tunnel, and that would take several months. Sooner or later, this will be done, and what may be the result it would be futile to predict, but the success that has so far attended these claims certaiuly augurs welljfor the future. For several months Englert and Company have been engaged in bringing water out of the Deep Creek, on to the old Lagoon Lead, for the purpose of taking it on a face and ground-sluicing it. They have had a most arduous undertaking, and have ultimately overcome all difficulties, and are now ready to commence operations.