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Mining Review of the Week.

Matters mining during the past week hare been scarcely so stale, flat, and unprofitable, as during its immediate predecessors. The excitement in connection with the rapid development of the new goldfields—Te £roha, Waihi and Tiki— for a time concentrated public attention in themselves, but now that the novelty is beginning to wear off, attention is again turned to the Thames mines. A very important discovery has been made in the Old Golden Calf mine—viz., the discovery of the long lost eastern portion of the Caledonian No. 1 reef, which bore the celebrated " big patch." The reef has been found in solid ground, and "our mining reporter is of opinion that there is a first rate chance of a gold deposit being discovered in connection with the new find. The lode is here intact to the surface. We sincerely hope that the shareholders of the miue will attain the prosperity they so well deserve.

There has been a very considerable amount of dissatisfaction expressed of late amongst the general public, at the way the operations at (h<.> Big Pump are carried on. The public funds have to bear a large proportion of the cost of pumping maintenance, and yet- the companies vitally interested are taking advantage of the benefits in most half-hearted manner; indeed we are credibly informed that not more than eight men are engaged in prospecting operations in the mines in the vicinity of the pump. We fear that in the present state of things we are seeing the first act of an oft-repeated drama. The time may come again when the pump will stop and those who are so careless and indolent will be the first to make poor mouths, and will be supplicating for a chance to develop their deep levels.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/THS18810305.2.18.1

Bibliographic details
Ngā taipitopito pukapuka

Thames Star, Volume XII, Issue 3802, 5 March 1881, Page 2

Word count
Tapeke kupu
299

Mining Review of the Week. Thames Star, Volume XII, Issue 3802, 5 March 1881, Page 2

Mining Review of the Week. Thames Star, Volume XII, Issue 3802, 5 March 1881, Page 2

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