THE INANGAHUA DISTRICT. [HERALD, APRIAL 26.

Grey River Argus, Volume XII, Issue 1476, 28 April 1873, Page 2

THE INANGAHUA DISTRICT. [HERALD, APRIAL 26.

Anderson's.^ — The net yield frpm An^ derson's when melted was 897 oz, realising L3531 18s 9d. The quantity of stone put through the batteries is estimated at 660 tons, being an average for six weeks of 110 tons per week. About 25 tons of stone have been brought down by the contractors from the Golden Ledge, leav--ins a balance of 25 tons still to be con-veyea-ro-auu Ctouu .» „^_^. TOWfi tllo trial crusniug of 50 tons is to take place. Operations will be renewed at the mill on Tuesday next, when the stone fromthp Golden Ledge will be passed through the batteries. At present they are employed getting out stone from tho mine, and in erecting the berdan just landed from Auckland. In connection , with the recent most satisfactory yields from Anderson's" mine, W~ may" "state that the blanket washingsj , .were untouched, the same lyiug stacked until the berdan is erec^d.t. Had- ;the gold , been extracted from them' 'the ' result would have been fully pLOOOoz. , "Ha]f of the. amount, will be devotecl to the liquidation of the cost of machinery, leading, about LI BOO still due to the contractors, and after paying all the working expenses of , the claim, a balance of a few hundred: pounds will remain in hand towards general expenses; or dividend purposes. We balievfe^ However, that the directors do not propose to declare, any dividend until all liabilities for "machinery arid plant are paid off. ■ Wealth of Nations.— This company's race, which has been in course of erection during the past few months is being pushed on to the finish, and will probably be completed not later than the 30th irist. The work has a substantial looking appearance. It is believed that, upon the completion of the race, a very superior supply of water will have been secured to the company, but this yet remains to be proved. The work has cost in Tound numbers L2OOO. The machine is in perfect order, and will cpmmence crushing in earnest in a few days. Vulcan and Enterprise.— rThese companies—both of which haye been idle many months haye unite 4 to meet the expense of driving another 200 ft in the low level tunnel, situate in the latter company's ground, and which is now in 270 ft. It is thought by this tunnel to prove beyond the possibility of doubt whether or not any one of the multiplicity of reefs which seem to centre in the adjoining (Wealth of Nations) claim pass through their ground. Energetic. — The reef recently cut in the new shaft shows a large body of stone, and looks well. The paddocks are heaped up with stone, but none can be crushed until rain falls. ' : United Band of Hope.— Andeison and party have only, gf't to excavate to complete their contract of 200 ft. J'rom where ground was first broken in this tunnel to. .the supposed meet of the underlay of the reef i 3 about 600 ft. Judging this to be correct, there is still 400 ft of hard rock to be shot away before reaching the reef. Westland. — This machine Jias been crushing for the Ingle wood Company, but in . consequence of the supply of water having run out the stampers were hung up on Saturday last, and a cleaning up decided upon ; of course, as yet the result . of the crushing is not known. North Star — This claim has been protected for a fortnight, pending a more comprehensive mode of carrying on the works. '■•!■". Ajax. — This company's battery is in full play on their own stone, and working splendidly. Everything aboutjthe'mine, externally, has a healthy and cheerful appearance.