AUSTRALIAN MINING

Te Aroha News, Volume XII, Issue 1793, 11 December 1895, Page 2

AUSTRALIAN MINING

GREAT ACTIVITY IN STOCKS.

A SENSATIONAL FIND.

\ . Sydney,' Dacembfer 7. The market all the. week has been firm in mining;There has been great activity both in Broken Hill and West Australian stocks. -Large sales were at improved^prices. ; \ •> > Great Boulders, Coolgardjo, came into; prominence on the strength of recent; development and values ranged, from'£6 12s to £6 14s, blit afterwardseased slightly. The market value of the; mine at the figure quoted tots up to respectable sum £l,-056,000. The new find at.the threat Boulder is more important than was at first, supposed -The drive at'the bottom .of ;.the; level the main shaft at the junction of two lodes,-, .which werespiit- by mullock. Furthur fouth is two feet of very rich stone. It was simply a mass of gold, /The stone ;;yras almost-: hidden by- a glistening coating of * gold? In the ere vices are seams of almost pure gold in fine particles, whileoccasl iiL iUuihps of stone ccnaining twofthir< Is of gold have boen met with. lode at this point is over twelve ieot wide,, and all extremely rich, but only two feet, sensational stuff. Heavy gold apparently runs along the wall for a long distance. The flow of people westward continues. Steamers for West Austarlian poets are crowded»with passengers. ' v i Broken Hdl Proprietary shares, which early in the week were sold at 58s close 1 at 65s 3d. The new alluvial goldfields at Stringy Bank, near the old Gulgong field, in New ,South Wales, is attracting a lot of attention. A rush has set in, an,i claims are being pegged off in all directions, prospector reported tha> ho got 103 oz of gold from 22 loads ot dirt. Sinking ranges, they say, from nine to twenty feet.