COROMANDEL.

Thames Star, Volume XII, Issue 3788, 17 February 1881, Page 2

COROMANDEL.

(foem oue own coebespondent.)

Coeomandel, Tuesday,

Major Green has taken up a lease, and has' floated a company called the Tiki Goldmining Company. The shares are quoted in the market at Is 9d, a call of 3d having been paid. :

Albert Walker has also taken up a lease, and intends floating a company. Sheehan and party are getting good gold.

Blackmore and party are working on the lode and leader from which payable gold is beng obtained. White, Barrett, and party are getting good gold in the winze. This party have done the most amount of work, and are systematically working their claim. They have 40 feet of backs, and have put in 100 feet of driving. They have also erected a blacksmith's shop, and their energy deserves success. J. McGregor has taken up a lease on Government land, and is actively engaged prospecting. Viszard's crushing yielded 22ozs from 11 bags of quartz. This claim is near the old Golden Belt.

Wilson has taken up ground and intends putting men on a very decent looking leader.

Heenan and Sheey and party are also working hard in pursuit of the auriferous metal.

The Herald special reporter writing in yesterday's issue says :—Attention has been chiefly called to the property of late from the (act that the New Zealand Timber Co., has offered facilities to prospectors who may desire to take up gold mining leases on it, and the discovery in the Tiki district on Mrs Mclntosh's property, and that gold has been found in several portions of the block itself, may be taken as evidence that it is a country which will well repay the prospector, and probably develop into a rich reefing district. Another matter which has attracted, s attention to this property is the large aria important work undertaken in the construction of railways into the bushes, and from the various booms, which, when completed, will render the company independent of freshes, and enable them at all times to keep up the supply of timber require.