THE INANGAHUA REEFS.

Grey River Argus, Volume XII, Issue 1150, 5 April 1872, Page 3

THE INANGAHUA REEFS.

[HERALD, APRIL 3.] In the prospectors' claim, Painkiller/ •, ■, ,7the ,men are engaged sinking a Bhaft to strike the reef, which was found to be dipping. They expect to meet with it $«»{W#W#>-^ 40ft-. 'Nob. 1 and 2 south amalgamated, have commenced to put in a tunnel. „ j tThejsale by auction which was tcr have men held yesterday, of a share in the Energetic Company, did not take place. . The share was seized under a distress l warrant, issued in the case of Johnston v. 1 Ross, and the decision of the Court was that the defendant transfer the share to Johnston*, or, in default, pay the sum of L 300.' He elected to pay the Utter amount together with costs. >f.Vi>i?iThe North Star Gold-Mining Company, 'have commenced driving their main tunnel to connect with.' the shaft recently struck on the reel The length of the tunnel will be about 960 feet, and; as the driving in that locality is known to be pretty easy, they expect to finish the work in the course of , three months, when they contemplate erecting crushing machinery ,to be driven by a 50 feet water-wheel. iH.A^pJfntiful'supplyol'water can befeaaily obtained from the left-hand branch of the <*..* ,; ,?i.,f „-^>-..! . ; "., The delay in connection with crushing pwrationsat Maoe's has had the effect of oneoking activity in the share market, , and whj|e t holden are determined not to '" sell itf any reduction on prices previously demanded^ >, purchasers .have ( l>een -less ' l;H eager. w These little cHecks, however, must be expected. MeanwhUe.crushpga.tthe proapector'a claim, Shiefs'a line, con?, tinues, though under difficulties, as the. furnace is very .far from satisfactory^ '*M"'ddrifi^'iritik' >l firit 'erected has been dismantled, and a wider stack' 1 >' substituted^ while the furnace is'con- . tinually undergoing changes in order <i t6 i «obtain l -a flttt-class 1 draught. These changes have resulted in some, improve- ■•> imeufcthbogh itttill further 'change inudtbe made before the engineers will rest satis- <-, JeeL <On Monday, the engine was working ft little better than half speed, driving the - ;,three; batteries o£ 16 5-cwt stamps, but it was feared that work would have to be „.' knflckedi,off for ; want of,#ateT, the supply m the dam only being sufficient to hist i . . nntil|Tuesday evening. /.Yesterday's rain will of course renew the supply, so that there /need be no appreiiension of operations having to be suspended on thai' score. Our mining reporter states :— Up to the time of my visit, not more than thirty tons of stone had passed, through 4 m bstterie«,' : and to enable tlie copperplates to be fairly examined, the manager veryepurteously offered s to > stop driving for a ' few minutes. I gladly availed myself of the offer and thus had anioppor•tdHttfty"testifying to the very satis-' factory, results already obtained. The tables are looking splendid, the amalgam being densely coated on the copper plates, and not» presenting that , thin, honey-combed appearance. not un--1 oommonly met with. Itwbuldn6t.be sale at we present time to offer an estimate of what the average yield per ton ia likely to be. The most experienced are liable to form a very'erroneouß judgment in this respect, but there is no hazard in predicting that the result will surpass the more moderate expectations, and I am fully sura will turn out to the most complete satisfaction of the shareholders.