MINING INTELLIGENCE.
A telegram (says the Otago Daily Times) has been struck in the Tippecary tunnel. Gold is visible all ovpr the face and the reef shows a good body of stone.
The Upper Waikaia correspondent of the Tuapeka Times writes :—" In a brief review of the season's viorkmg, I may premise that the amount of go d obtained ha.« nor been threat, but it would have been considerably augmented had the river remained low af -w weeks longer as several parties who had not obtained much gold at the commencement bf the season, having been engaged opening- up &c, were when the river rose, oil very good gold—notably, Cosgrove and party Vernon's No-3 claim, and a party of Chinese. This party of Chinese have sold out, and are off to China with their pile. They are the third party who hs>ve their pile in the same claim. They have been getting as high as 50 -z to the paddock The ground is shallow and easily wrought. Lutniuatti and party who-are prospecting a good distance froai the other wondngs on the river, have noi been successful as yet. I confess that, after a quarter of a century's experience of goldmining, I am as far off as ever as to the diving rod for the discovery of gold. There is a party with the virtues necessary ior successful mining—sober, industrious, and any amount of perseverence working systematically on a akeiy-looking part of the river, still they lack the most necessary something, which until the diving rod, philosopher's stone, or other phantasm proves true, we must continue to call luck."
We take (he following items from the Western Star : —" The work of f roving Printz's claim is being pushid on vigorously, and stone is now rapidly accumulating for next crushing. The reef lias been sunk upon to a depth of 50ft below the low-level adit, and the hands are now opening out from that level. The shaft is 6ft by and with three shifts was put down in a fortnight. The air was very bad, and a contrivance for securing vcntilati >n had to be rigged up. The stone is much harder and the reef better defined as it is sunk upon, and it is anticipated that a much better result wilt be obtained from the next milling. The manager does not intend to commence crushing again until there is a good body of stone ready to operate upon.—At a meeting of shareholders in the Arethusa, (Port's) claim on Saturday, it was resolved to register the Company under the Mining Companies Act. The capital of the company is Ll 3,500 m 13,500 shares Ll each, 5s paid up. The promoters retain two-thirds the the entire number of shares ; the balance, 4500, will be offered to the public. The formation of the company has been entrusted to Mr J Lyle, mining agent, who has been appointed legal manager. Considering the prospects of this claim, which, unlike many hat have been put into companies, have be 'n proved to contain a well-defined gold bearing reef, the terms upon which one-third of the shares are offered to the public are wry favourable, and will not be long on the broker's hands. The fa«.t, too, the promoters retain two-thirds of the interest, subject to the same terms as those put in'.o the market, shows the 1 confidence they hsve in the bona fides of the conearn.—The engine and the pumping gear for the Geelong claim are ready for work, ami it is expected that steam will be got up in a day or two. Our Riverton correspondent writes . I am informed on reliable authority that M'Leod and party, who have been prospecting for some time at the edge of the bush near Petchell's fence, have found a reef of good isolid quartz, two f et thick, showing gold through the stone. Several hoLs have been put down for the purpose of tracing the reef. It apjtears to run nearlj north and south, and will apparently rua through the Golconda and Dilston claims. Smc very fair prospects have b..en shown, said to be taken from the reef. As this reef is not far from Lynch's accommodation
house, several persons interested -inV- £- reefing matters intend paying the locality N& an eprly visit. \
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TEML18800831.2.8
Bibliographic details
Ngā taipitopito pukapuka
Temuka Leader, Issue 284, 31 August 1880, Page 2
Word count
Tapeke kupu
714MINING INTELLIGENCE. Temuka Leader, Issue 284, 31 August 1880, Page 2
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.