GOLD CIRCULAR.

New Zealander, Volume 8, Issue 696, 15 December 1852, Page 2

GOLD CIRCULAR.

The first public lale of Gold, the product of this Province, was held at our Auction Mart on Saturday, 11th inst. The parcel offered for sale comprised about six ounces of Gold dust, and about ten ounces of auriferous quartz, dug by Mr. Coolahan's party, at the Wynyard Diggings, Coromandel Harbour. The dust consisted of flaky; gold of a pale lemon colour, largely intermixed with auriferous quartz, the separation having been effected only by washing in the simplest manner. The gold quartz which was offered in seperate lots, consisted of the larger pieces selected from the washings.

The sales from this parcel at and prior to the auction were aq follows :—: —

The prices realized in this instance bore little relation to the -intrinsic value of the lots which were offered and purchased, more as illustrative specimens, than for the actual value of the Gold they contained. No very accurate assay of this Gold has yet been obtained, but it is found to be free from any alloy, except silver, of which it contains a portion. The quartz is highly auriferous, and from its great friability may be seperated by crushing with great facility. Some very fine samples of Gold from the Waiau diggings, distant from the foregoing about seven miles, were brought into town to-day, and have been sold at £4 per ounce by private sale — the quantity about five ounces. 'Considering the small number of diggers yet upon the ground, not more than 40 persons, scattered over an areaof 10 or 12 square miles, the short time since the first specks of gold were discovered — only two months — and the large proportion of the time of each digger employed in exploring, we hail this commencement of the Auckland Gold diggings as affording the most brilliant promise of ultimate productiveness. Connei.l, & Rij>ings,^ Gold Brokers. Commission Merchants and General Auctioneers. Auckland, 13th Dec, 1852.

To Correspondents. " 14" lms not complied with our rule ef requiring to be informed of the real names of our correspondents as a condition of publishing (heir communications. From the latter part of his letter we should suppose that he has only recently arrived here, as otherwise he must baVeknown that the Municipal Charter invested the Corporation with powers 'for the specific objects to which he adverts, and that, had the Common Council done its duty, many of these very nec o ssary improvements would have months since been at leasi in progress. Still, if be gives us his name aud address, we will cheerfully insert his letter.

iall-an-ounce of flake gold, entirely free from quartz or other extraneous matter £10 0 0 $* oz. oz. gold dust, above described average 4 5 0 " <h ozs. gold quartz, average ... 310 3 ** Imgle specimens of gold quartz, the Whole weighing about an ounce 6 5 0 " 'he entire quantity sold realizing £32 1 0