COROMANDEL.

New Zealander, Volume XVIII, Issue 1718, 27 August 1862, Page 3

COROMANDEL.

(feom ouk own coeeespondent.)

August 23rd, 1862. On Wednesday last No. 2 reef on Greece’s point was measured off by Mr. Turner, the Sub-Commissioner. This is the ground intended for the new company, and Mr. Preece has granted one-half of the reef (about 700 feet) to them for mining purposes, receiving for his share a royalty of 9 per cent, of the profits of the company. No. 1 reef on this point, and belonging to the same gentleman, is being worked on similar terms. Turner’s party have driven a tunnel into the hill about 30 feet, and expect to strike the reef in a day or two. Some very pretty pieces of quartz containing gold visible to the naked eye have been picked up on both these reefs. Every miner I have spoken with, seems to think well of all the reefs on this point, though No. 2 appears to be the favourite. On the Driving Creek, every one is in the highest spirits, and very many are doing well; some largo parcels of very rich stone have been sent to Auckland of late. The leaders in this direction seem to be very rich, and far exceeding all former expectations; many of them, from the trials already made, will yield not less than 250 ounces of gold per ton. Several of the creek claims are still being worked with profit, and, if the present fine weather continues, you may soon expect to hear of some new ground having been discovered. Watson’s party are out in the bush, on the north-east boundary of Paul’s block, prospecting a large quartz reef (Tokatea) in that direction, and they seem to be very sanguine of its paying them. Up in the high ranges they find no water, and at present are obliged to make use of that supplied by every passing shower, though it is quite likely that driving into the range they may strike a spring which would prove of great value to them. On the Pokawhau the company’s works are being carried on with considerable spirit; they have a tunnel driven into the south bank of the creek 220 feet, besides having sunk an air abaft 70 feet in depth. Latterly they have struck upon some small quartz leaders and seams of iron stone and pipe clay—from these indications, and their having a little water in the tunnel, they suppose that they are no great distance from the main reef.

On the Matawai several parties are creek washing, and their only complaint is the great quantity of water they are troubled with. The gold found in this creek is far superior in quality to that got from King's diggings or the driving creek. We may soon expect to see the machinery at work on Keven's reef; a large quantity of bricks have been landed by the Peter Cracroft for the company, to be used for the chimney, &c. The reef has been struck in two of the claims north of Keven's, and in No. 1 south, and gold in small quantities has been crashed from it. _^__^__^________