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New Zealander, Volume 6, Issue 467, 5 October 1850, Page 3

Mining News.— -The dry season has now so far advanced that the Stanislaus and the Tuoiumne are in good working condition, and both of these rivers are already yielding a moderate quantity of gold, and at the water continues to fall, the exertion of the miners will meet with a richer reward. There are at least from 8 to 10,000 miners on the ban of the river in this county; The various companies engaged in damming and mining expect to work the beds of the rivers, and experience has already shown that the nearer to the water on the bar the richer are the deposits of gold, and in one instance where the bed of the Stan* lslau-i was partially worked last fall, gold was found iv very large quantities. There is great confidence exhibited by the miners in the river claims, and shares are sold frequently at prices ranging fron 'B*loo to #1,505. It is generally believed that a very large amount of gold will be taken out during the months of August, September and October. The bar* of the large gulches will loon be in working order, |and the miners expect to realize largely, particularly at the Mormon Gulch, where the rise of the water last fall drove the miners away just has they had uncovered the existence of gold iv extraordinary rich deposits* The winter diggings in Tuoiumne county arc probably the richest in California, as not one-fiftieth part of the dry diggings have been worked. Those diggings will yield to the miner at least one ounce per day after the rainy season has commenced. 50,000 miners can find plenty of rich winter diggings in this county. Provisions have been as cheap here as in any other part of the mining region of California, and as the traders have already immense stocks on hands there is no probability of the existence of exorbitant prices. The disturbancei heretofore existing seem to have subsided, and with a quiet and peaceable population, and plenty of gold to repay the efforts of the miner, our couuty will take the lead in the southern mines, and justly be entitled the Empire County of California. , A Lump of 4 lbs. 4| oz.— -Mr G: P. Fowler, of Mass., has shown vi a mass of the precious metal weighing 4 lbs., 4 oz., and $8, and truly beautiful it is Such a mineralogical specimen we would desire to fall to our luck. Mr. Van Praag, of New York, has a part interest in it, and these gentlemen have resolved not to part with it on any account. The lump was found at Shaw's. Several prospecting companies have set out from the Sierra Nevada. Pine Log Crossing.— We understand that the dunning company at this place has just completed iti

dam and race, and that the bar is yielding nn abundance of gold. We wish the company the most abundant tucceu. Gold in the Mountains,— a company of eiijht Americans, and some old miners from Mexico, started on Thursday last from Sonora for the Sierra Nevada, for the purpose of digging gold. The company is under the ampices of Dr. J. Cotton, an enterprising merchant of our town, who has had much experience of frontier life. The information upon which the company was formed, wa sfurnished by a man who went to the monutains early in]thc season, in company with five otlien. He has recently returned for provisions and his brother, and he let a few persons into the secret of his discoveries. He states that just over the summit of sieiras they found coarse gold in abundance, in the first two feet of the surface earth. Paitrrage forjanimals and water for gold washing are abundant. He remained digging with his party till their provisions gave out and then left for the purpose before stated. An intimate and intelligent friend of ours has left with Dr. Cotton's company, who will keep us informed of the company's success, which we shall lay before our readen as shon as received. The Doctor was furnished with a map of the route, but we were nut favoured with a sight of it. — We only now that his company goes by the way of Sacramento, and we suspect strikes the mountains by the way of Johnson's ranch.