GYMPIE.

Grey River Argus, Volume XII, Issue 1186, 17 May 1872, Page 2

GYMPIE.

The following items of mining news are from the latest Oympie ivmes to hand:— . , „.,.,.,'., It is only three weeks since our last mining summary was issued, and this must be fairly considered in perusing our . present record. There is plenty of stone being raised, as is shown by the paddocks on the different claims on the Smithfield, Monkland, and other lines of reef : but in none of these holdings has any extraordinarily rich stuff been found. The atone that is now being raised ia, we believe, of a fair quality. . The crushings that call for special comment are those from the . prospecting claim, Glanmire, No. 6 south, Monkland, and the prospectors Warren Hastings' The yield from the first^named claim is a very good one ; there will be observed a very striking difference between the returns obtained from the deep and top levels respectively j and the result, if it be any guide, speaks well for the future of the claim. Perhaps it is worthy of mention that prior to this one all the re* turns from this holding, and, in fact, from the whole line, were only " middling" ones ; speaking from memory, we do not believe that they averaged an ounce to the ton. When, however, the prospectors began to sink, a marked improvement took place in the gold-bearing capabilities of the reef, particularly when they got into a slate formation ; and the first lot of stone taken from &' depth' has given a yield of over 4oz to the ton. It is somewhat remarkable that in this slate formation the lodes on Gympie contain, as a rule, a greater proportion of the precious metal than in any other formation. The yield from the prospectors Glanmire, aad the fact of claim No. 2, north also coming on gold, has, as maybe anticipated, caused the line of reef to be regarded with a considerable degree of attention. Since the prospectors first struck gold three large areas have been taken up. " " " "" r " The two new companies. lately formed have commenced work energetically. The prospectuses of three new mining ventures have been issued during the month, and the enterprises will doubtless be successfully floated. If Gympie companies only receive a fair trial, we have no fear of the ultimate result, provided, of conrse, that they be good, sound, . and honest enterprises, and thai; they be properly managed and worked. With a number of this kind of. companies at work, and with the extra .and improved machinery which will shortly be ready to .crush stone, the prosperity of this.gold field should be materially increased. ■ ; ..;.,: ',-,'; The crushing from No. 1 north; Smithfield is a really good one. Ouly so late as the beginning of February 368 tons from the same claim yielded 20320z; this time exactly the same quantity of stone gave a return of 19600z. Two; such fine orushings, representing a total yield of 3992 oz to 736 tons, will give a good idea of the richness of the reef in this claim. On Wednesday a nice lot of good specimens was found in No. 2 north Lady Mary, about ten feet northwards from the middle shaf t ; the reef is of. a fair size, being about a foot in width. It is said that the indications ia4he drive are very promising, that some more good stone will be raised^ ; Claimholders on this field will doubtless be pleased to hear that at the Victoria machine a fourth battery of stampers is now being erected ; yesterday the machine was stopped crushing in order to connect the new cam shaft. Provision for this extra battery was wisely made in the erection of the Victoria in tho first instance; and when < it is attached the full power will consist of 20 stampers. The striking of gold in No. 2 north, Glanmire, on Saturday last, has brought ; this line of reef again .prominently under,, the notice of the public. Wyridley and party, the holders of Jbhe claim, have been sinking for some time on the eastern leader of the Glanmire reef. At a depth of 150 ft a change was met in the sinking, which had been through' a kind of grey metal, and slate was struck ; the vein also made a small break of 2ft, to the west, and from the first shot put into it just on •

top d the slate, a very good prospect, consisting of a number of pieces of quartz containing nice gold, was found. At various times, it may be remarked, during the sinking the leader has made similar breaks to the one described. The holders have carried down the shaft for about 4ft through the break, and from the fact that the vein seems to be coming back to its usual course at the bottom of the shaft, they imagine that they will soon come on its junction with. the other or western leader. The one upon which the sinking is being done is about lft wide, and it is said that where the specimens were found gold is plainly visible in it. It will take a week yet to test the discovery thoroughly. At the present time it promises very well. In the prospectors' claim the owners are now sinking a wellhole, and they intend whilst their whim is being erected to centre the shaft ; the whim-walk is now being formed. We notice that in Landers and party's extended area on this line work has been commenced ; and that consequent on the discovery in No. 2 north, the whole of the ground north of the extended area to the One-Mile has been taken up. (For coHthwatumlof Aews se» 4th Page.)