THE MINING BOOM.

Te Aroha News, Volume XI, Issue 1721, 13 March 1895, Page 2

THE MINING BOOM.

Tiie Thames Advertiser of Monday last, commenting on the outlook of the mining industry on; that goldfield, says:—“The long predicted boom seems to be creeping upon us without awakening the excitement which would at one time have greeted the succession of favourable events that we have been for some months. There is far more interest taken in the outside world about our mining news than there is amongst ourselves who are in the centre of opei’ations. We had a letter from the manager of the Press Association in Wellington the other day urging us to forward mining news at more frequent intervals,, as the whole colony was greatly excited about mining matters in this district. The charge was made against us that to very little find in other parts of a few ounces of gold was industriously circulated, while our more important yields have been very sbyly reported. Fortunately wo have been able to reply to the craving for mining news by sending the following cheerful items yesterday, which will be reported all over the colony this morning:— Hauraici. —On Saturday the assay - er from the Bank of New South Wales here; brought in under police escort over a thousand ounces of retorted gold; from the Hauraki mine at Coromandel. As the Bank of New Zealand have, secured about a similar amount the Result of the months crushing will be over 2000 ounces, and the prospects show even better than this for the present j month. Tapu. —Last night we had an interview with several gentlemen who had jjust returned from a visit to the new find at the Eoyal licensed holding at Tnpu, which is situated in the bush about a quarter of a mile uphill from Deeble’s farm. We mentioned a day or two ago that the cap of the reef, a speci men of which was to be seen at the (Bank of New Zealand, showed fine gold freely. ■ The reef has now been, driven into to the depth of four feet,, showing gold all the way, and no idea: of its size can yet be estimated. The reef shows as far as it is gone into an unbroken face of solid blue quartz and in a beautiful sandstone country. T 10 holding comprises 50 shares, held in equal proportions by Messrs E. McDonnell, Alfred Price, F. McMahon and James Hawkes. The syndicate is about to construct a road frond the mine to the beach road. Tljis rich result of a fortnight’s working is almost phenomenal and is certain! to direct considerable attention to this iportion of our rich goldfields. We have all been too much in the habit of thinking that a deep level scheme was the ionly way of roviving our staple industry and have forgotten that our gold-bearing surface has only yet beep, merely scratched over here and, there.

Our prospectors will now have new life put into them and we may expect to hear of new finds very shortly in all directions of our wonderful goldfield, which has been neglected so cruelly of late years, j -