GOLD.

New Zealander, Volume 8, Issue 681, 23 October 1852, Page 2

GOLD.

We have been favoured by the gentleman to whom the letter was addressed with permission to publish the following extract. It was written by his friend, one of a party now at work in the neighbourhood of Coromandel, and bears date October 22nd. "I take (his first opportunity of sending the news. We arrived here on Tuesday afternoon, and there were a great many reports about people having found gold in quantities; but I can answer for eight or ten of us. We have had two days' hard work, and we can just say we have found gold and that is all. All hands think there will be more found, but I am doubtful : I think it will fail." From the best information we have been able to collect it would appear that many amongst the seekers have obtained small quantities of the precious metal; and one gentleman is stated to have procured in a couple of hours from a " hole" which had been abandoned as unproductive, as many fine scales of gold as would cover a shilling, and this, we believe, is the largest amount reported. Mr. Ring is said also to have produced for the Committee additional samples from several localities. It is to be regretted that the inclemency of the weather rendered it necessary for the boat to leave before the arrival at the harbour of a communication from the committee which they were desirous of forwarding, but we believe the Undine may be looked for immediately. The question of the existence of a gold field in our immediate vicinity, maynow, therefore, we think, be considered as decided affirmatively. |Of its productiveness and availability, time and further search will satisfy us. It should alvfays be borne in mind that there exist in many parts of the world " diggings" which do not repay the labour of working, and this way turn out to be of that character. The spirit of discovery, however, seems to be now fairly aroused, and there will be no lack of enthusiastic "prospectors" to carry it throughout the land.