Mining Review of the Week.

Thames Star, Volume XII, Issue 3820, 26 March 1881, Page 2

Mining Review of the Week.

We have frequently reverted in this column to the apathy displayed by the Tookey Flat Companies in neglecting to prospect at the 400 feet level while that depth is free from water* It would: still be a matter for regret were the companies interested the sole supporters of the pump, but when it is remembered that the Thames, people as a whole, through their representative bodies, contribute largely to the maintenance of pumping operations, it becomes a public matter, and the public have a right to grumble if the companies do not take advantage of the facilities afforded. The recent discoveries of the Caledonian and the Golden Calf should be a sufficient encouragement to deep prospecting. Concerning the pump, we may mention that thought its present position affords an opportunity for stock jobbing on a large scale, we have no fear of it stopping at present. There has been a slight spurt iv Caledonian stock, but nothing of consequence has resulted so far. The Golden Calf shares maintain their position well, though no appreciable advance has taken place. Some little attention has been called to Te Aroha during the week through the reported discovery of payable gold in the Shotover, one of the claims on the Morning Star spur. If any of the Te Aroha claims prove payable it will be the claims in the locality indicated, more reef gold having been seen in them than in any other portion of the field. The "Morning Star, Smile of Fortune, Sunbeam, and Shotover have all more or less good prospects, and we look to them to be the first gold producers. The Te Aroha battery should be finished in about three weeks, when at any rate, the uncertainty that has been hanging over the field for months will be cleared away.

From the accounts that have reached us from Waihi, it is evident that the majority of the claimholders are going to werk manfully. The day has goue on this peninsula for people to make "rises " by merely pegging out ground; the public now want something far more tangible. There is a general opinion that the mines will turn out payable.