PIAKO.
Sinco the cutting of the Vanguard lode on Wednesday night last, ifc has been cut into ten feet, and there is still no sigft of the wall. It is a fine-looking body of stone composed of seams of hnrd quartz and rubbly stuff interspersed. Late last night some gold was seen, and also good mineral indications, so that Lhere is every probability of its being a good payable lode. The reef where cut is nearly 600 feet from the shaft, and some 50 feet further in there is another lode known as the No. 2, for which the drive will be continued. I may mention that this reef when worked in the upper levels some years ago, was worth rather less than half an ounce per ton. There is an immense quantity of this stone in the ground, and should tbe lodes prove payable we may expect to see the Piako showing again as one of the premier mines. It would have been cut some time ago had not the manager, to avoid the hard bar, made a deviation- in the course of the cross-cut.
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https://paperspast.natlib.govt.nz/newspapers/THS18780719.2.18.1
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Thames Star, Volume VIII, Issue 2941, 19 July 1878, Page 3
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186PIAKO. Thames Star, Volume VIII, Issue 2941, 19 July 1878, Page 3
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