PUHIPUHI SILVER FIELD.

Te Aroha News, Volume VII, Issue 449, 26 February 1890, Page 4

PUHIPUHI SILVER FIELD.

FINGER ROSTS ON THE KAWAKAWA ROUTE. FORMATION OF NEW COMPANIES. Kawaicawa, Feb. 22. Alter a lapse of one week, the direct road to Puhipuhi will be pointed out to travellers from here by a series of twelve finger posts, which are being erected at a distance of less than a mile apart. This is necessary as there are numerous tracks caused by Maoris and gumdiggers leading in other directions. The whole distance is twelve miles from here, but only ten from the starting point at Taumarere Railway Station. Two other Kawakawa-Puhipuhi Mining Companies who profess to have discovered payable reefs were formed here yesterday with a very fair amount of capital to open out the same when tiie ground is to be obtained. A monster petition was presented to the Bay of Islands’ County Council, which held a meeting here yesterday, praying tho Council to take immediate steps to have a road made to Puhipuhi, when it was unanimously decided to forward the following lesoiution to Wellington: “ Seeing that the Government have decided to open Puhipuhi for mining purposes, this Council would again urge upon them the desirability of losing no time in having a road opened from Taumarere Railway (Station to Puhipuhi silver mines at once, especially as a surveyor is now upon the ground.”

THE PUHIPUHI MINE. PROSPECTORS’ LEASE SECURED. RICH STONE SHOWN. Whangarei, Feb. 22. Mr F. Simpson, Government surveyor, has returned from Puhipuhi. He has at last finished the survey of the Puhipuhi prospectors’ 60-acre mining lease. The prospectors are, therefore, to be congratulated on the completion of their lease, and on securing so large and valuable a mining property. Mr Simpson brings with him some stone which has been taken out 1 of the winze, which is now about 16ft from the surface. It is the richest which has ever been brought from the mine. Judging from appearances it would average about four hundred ounces right across the reef, which has been making all the way down. The manager, Mr Fraser, is turning his attention to the opening up of tho Wilson's reef and the Mary reef, upon which very little work has as yet been done. There are nine payable reefs in this mine alone. It is stated that over two hundred men are now in tho forest, waiting for the field to be opened. Since Mr Simpson came in with the stone shares have gone up considerably. A shareholder was forced to sell some of his shares last week. He at first offered them r at £4 each, at which figure he sold some, but since the completion of the lease has been known to be certain, he has found ready buyers at £6, at which price he has parted with all he had for sale. There are no other shares in the “Prospectors” now on the market, excepting a few which are quoted at £lO each, but there are no buyers so far at this price. Mr Armstrong is showing some very fine stone which is full of gold, which he says he found in the Puhipuhi Forest, but of the exact spot he will not inform anyone. Mr Armstrong has been prospecting around this district for years, and being an old miner, understands what he is about, and if he has much more stone like that which he has brought out with him, it will indeed be a good thing tor the district when the field is opened.

THE REGULATIONS. GAZETTED NEXT WEEK. Wellington, Feb. 22, The regulations for prospecting at Fuhi* puhi are drawn up, but will not be gazetted till next week, as the Governor’s signature has to be obtained.