MINING.

Thames Guardian and Mining Record, Volume I, Issue 168, 23 April 1872, Page 3

MINING.

Red Queen. —Some demand for this company’s stock set in yesterday afternoon, owing to a reported find of specimens in the leader worked on. On enquiry, we found that they had taken out a fine parcel of specimens, showing coarse gold very richly impregnated through the stone, which looks as if it would crush exceedingly well. These were taken from the bottom of the winze, which is down to a depth of seventy feet, where the manager is commencing to open out on the lode and break it down. This makes altogether about one cwt. of nice picked stone on hand, and if it all he anything like that taken out yesterday, will considerably increase the yield from the crushing. Six head of stampers were started yesterday afternoon at the Prince Alfred Battery on the stone from the mine, and last night there was a nice show on the plates. In the paddock, too, gold can be frequently seen, so that we think we may safely predict a good return. There are on hand some sixty or seventy tons altogether, all of which, except some ten tons or so, is from the small leader, the remainder being from the large reef as a trial crushing. It is a great pity that the company have not got their shaft down so as to open out on the leader, as it would be so much more easily worked from below than at present. However, wc expect that this will soon be done now.

Cure. —Crushing with one battery was finished yesterday afternoon, when the boxes were cleaned, in order to give the Ited Queen a start. The other battery of seven bead will be stopped probably some time to-day, so that we will have the result of the crushing in by to-morrow, there being a large parcel of blanketings, etc., to be treated. It is impossible to form a correct estimate as to the probable yield, but a good payable one should be to hand, from tbc appearance of the plates as the stone goes through. Nothing of importance is reported in the mine, the prospects still being good. In spite of all this, shares depreciated in value yesterday afternoon, when they were offered at 255, though few were to be bad. This drop lias, no doubt, been occasioned more by the working of the market than by the prospects of the mine, as it will be remembered that tbc stock never rose much after the find of specimens on Friday afternoon ; snd ever since, in spite of good reports from the crushing, they have been anything but firm. Missouri. The manager yesterday lodged twenty-nine ounces as the result of a crushing of a large parcel of surface stuff from the mine. Caledonian. The gold lodged on Saturday was melted yesterday, and must have been very dirty, as it lost thirtyeight and a half ounces in the process, the weight now being nine hundred and eleven ounces ten dwt.

All Nations. —This company’s gold was also melted yesterday afternoon, and lost about six and a half minces in the process, turning out six hundred and sixty-seven ounces eight dwt. The winze which the manager is sinking has been making good progress, and the lode in it loooks very well. There is a vein in hand, which is making down as if to join the lode, which it is expected to do very soon now. They have been obliged to stop sinking for a little, owing to the foul air at the bottom, but this will, no doubt, be soon be put all right. The blue stone going through at the battery is looking much better, and shaping for a better return than the last gave.