Our Mining Reporter.

Thames Star, Volume IIII, Issue 1721, 9 July 1874, Page 2

Our Mining Reporter.

THE VANGUARD.

A site for the shaft of the' above company's claim has. at length been decided on and purchased. It will be situated exactly; where the pEaraka Tramway store now stands, on the Waio-Karaka Flat, and will be in an exact line with the Bird in Hand and Queen of Beauty shafts. The new shaft will be in dimensions 9x4, leaving sufficient room for the compartments—two for winding purposes, and one fora ladder road, or, if occasion should require, pumping gear. From surveys made it is anticipated that the sinking of the shaft will be in comparatively dry ground, no drift being expected to be met with, and from drives in towards the Vanguard , boundary from the Bird in' Hand through good, country, a similar formation, it is thought, will be cut through in the Van guard-shaft. , This Company are about to commence work in hopes of meeting the reefs that have been cut on the surface of the South British claim ; also for a reef knjown to exist coming in from towards' the Karaka Creek. Work will be commenced immediately; on the removal of the building now standing on the shaft site. The Vanguard Company's stock consists of 6000 shares, arid they hold 19 acres of the most promising unworked ground on the field. Their northern boundary is the Bird in Hand ; tho south, the British Line; the east, South British; the western boundary stretches away towards the beach. The Vanguard is the latest venture on the field, and there is every reason to believe it will be a successful one. Mr. Thoa. Horsbrugh is the legal manager.