MINING.

Kumara Times, Issue 998, 11 December 1879, Page 4

MINING.

The Inangahua Herald, of Saturday, reports as follows : There is nothing special to note as having occurred at the Golden Treasure during the past few days. The various works spoken of in my last are proceeding with regularity. At the battery, the machinery is working with satisfaction, and much more stone was treated during the first week than was expected. The stone already crushed is believed to be of a payable nature. Golden Fleece Extended. After several months’ stoppage, the stampers were again set in motion on Monday last. At the time of starting the mill there was about 200 tons of stone to grass, and during the crushing the hands will continue raising stone. Victory.—Most mining ventures wear a more encouraging aspect at times than others, and this mine is not an exception to the general rule. Indications for the future are tolerably promising In the upper workings, the present faces are of good width, and have every appearance of remaining so, whilst in the lower stopes the tributers are verj sanguine of getting a good result from the stone being raised from this portion of the claim, as the quality of stone being raised just'flea them to form a favorable estimate of the probable fruits of their labor. Energetic.—The rise having been completed, the manager is now preparing a block to be broken down in this portion of the mine, which is considerably east of any workings that have been performed in former years. The lode is of large dimensions, and as the reef has been driven on a good distance, and the present main face has a regular solid appearance, there is every reason to believe that this block will furnish many months’ crushing to the battery. Wealth of Nations.—For some time past the manager has been prospecting in about the boundary of the Enterprise lease, and that of the Vulcan, where there was a small run of stone left in the face. Mr Watson has followed this run for some distance, and now reports that he has about five feet of solid stone in the drive, with every appearance of it being a permanent reef—that is to say, so far as may be judged from present indications. During last month there was raised and crushed about 250 tons of quartz, which gave a return of over 80ozs retorted gold. This month it is considered that there will be a similar quantity sent to the mill to be reduced ; and should the late discovery prove of any great extent, we shall again have the pleasure of recording regular dividends to the shareholders, as the stone shows payable gold.