OUR MINES

Thames Star, Volume XII, Issue 3855, 7 May 1881, Page 2

OUR MINES

Mining Review of the Week.

Public confidence is to be pretty strong on Waihe—everyone believes that the new goldfield will turn up tramps. AH those reported to hare good shows stick close to their interests, and it is stated that the prospectors will not take £3000 for a share. One thing is certain—only one or two interests have changed hands, which however may be asoribable to the desire of the. public to await fresh developments.

The news from Te Aroha has been scant, and not particularly encouraging. The battery has been stopped for want of water, though probably the'late rains has supplied the creek. The first local crushing, that from the Tui, has proved a duffer, which, however, has not a Tery dampening effect, a large number of trial parcels being ready for crushing. The long standing dispute between the New Whau and Albumin companies regarding the driving of the Sons of Freedom tunnel is not yet settled. The work is of the utmost importance to both companies, and we hope to see it carried through speedily. The recent rain with the prospect of more soon, has makes the battery people jubilant. During the past summer the resources of the race have been overstrained, but during the ensuing four or five months we may hope for continuous crushing and a large increase in the gold yield. A very large number of claims have had quartz stacked for months, but soon all that "dead stock," to speak commercially, will be cleared out. We hear nothing more concerning the Haven swindle, nor of any result attending the suggestion made some time ago concerning the floating of a large company to prospect our deep levels. There' are millions of money in the coffers of the London bankers, absolutely languishing to be expended, and £100,000 or so could, be easily obtained for such • legitimate speculation as the one we refer to. When we remind our readers of the wonderful results which have attended the deep prospecting operations at Stawell, in Victoria add elsewhere, it should surely give their heart of grace to make some attempt to unearth the wealth lying under our feet, aud only requiring a little energy to bring to light. A good many thousands of the required oapi'ul could be raised here first, which would give confidence to the English investors, and the starting of the rolling of the ball, would soon be attended by a fruition of the desires of the promoters.