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The Goldfields.

‘‘ It never rains but it pours,” is an old and true saying, and it is very applicable at the present time to our gold discoveries, as one event follows quickly on another, The excellent returns from the Mahakipawa field last week are sufficiently encouraging, but when the discovery of good payable reefs are added it makes one feel that there is a big future for this muchneglected district. We were again shown by Mr McGlashan, manager of the Golden Bar, some more quartz taken from this claim which shows gold plainly visible right through the stone. Indeed, it is a grand piece of quartz,"and called forth the admiration of many old diggers. It is only a matter of a little time, we believe, when the Golden Bar will fully deserve I the name it bears, and when the battery is erected we may expect there will be a large number of men employed, and big ffiyidehds ; will be paid to; the shareholders;: Next to this claim’is the Federation, which it is expected will strike the reef shortly, and prove equally as encouraging as the Golden Bar. We have also heard that the reef has been struck at Onamalutu, four feet thick, with good indications. Then we have the Kapai claim, producing specimens equal to anything which has ever been found in New Zealand. Next to this claim are two others, of which more will be heard of shortly, but we may at present predict that they will be no less encouraging than- their neighbour. With regard' to one of these claims, the Southern Cross, 150 shares changed hands this week at 3s, an advance of sd. There is no fresh news from the Gorge worth mentioning, but there is every probability that we will be able to state something more definite in our next. We hear that the Wairarapa claim are still on heavy gold, and it is expected that last week’s record will be eaten.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/PGAMA18900321.2.9

Bibliographic details
Ngā taipitopito pukapuka

Pelorus Guardian and Miners' Advocate., Volume I, Issue 17, 21 March 1890, Page 2

Word count
Tapeke kupu
328

The Goldfields. Pelorus Guardian and Miners' Advocate., Volume I, Issue 17, 21 March 1890, Page 2

The Goldfields. Pelorus Guardian and Miners' Advocate., Volume I, Issue 17, 21 March 1890, Page 2

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