GOOD NEWS.

Temuka Leader, Issue 1628, 1 September 1887, Page 4

GOOD NEWS.

Those of our readers who were in the colony twenty years ago and remember the rare old times which then prevailed, will be delighted to learn that there is a probability of their early return. A brief telegram which appeared in these columns the other day gives, us the gratifying intelligence that an assay, made at the Thames School of Mines, of stone from the recent find at Kikutua, gave one hundred and thirty six ounces of gold and two thousaud five hundred ounces of silver to the ton of stone. Old diggers will, of course, take in at a grasp the full import of the announce ment, but the great majority of our readers will pass it by as not worthy of a second thought. But let us see what such a yield actually means. We will foke the gold first and assign a value of; £3 per oz, the Auckland gold ranging in value from £2 12s 6d to £3 5s per ounce. Well 136 ounces at £3 gives £4OB. The silver may be valued at five shillings per ounce and 2500 ounces at this price will give £625. Adding the value of the gold and silver por ton together we have a I nice little total of £1033 as the value of a ton of this stone. Such a yield

from stone—we do not say specimenshas never been known u y.ir.vZmlapi, and we very much queaiioc it iv. has ever been known uiU-Kk! Liie coh-Jjy. Some idoa of the vain.; o.c i.ho ;>;3y r .>vtu'y may be formed who;} '/o v.rdo ir»t from four to five luuxav:.;; ',p« or ,v-;ou«" hare been passed through Uiu uvca7 in the course of the we;;k on the "Wbst Coast. Taking the lower figure, f our hundred tons per week would give a gross result of twenty millions steblino. It will take our American cousins some time to whip this. With regard to the geographical position of the reef or its extent we are left in a most excruciating state of ignorance but we can safely predict for it, the rush—not of the season but—of the century.—Ashburton Guardian.