Latest Coromandel Mining.
The Star says :—Considerable excitement was caused on 'Changj* to-day by • the posting of the following telegram from the Tokatea direc ors • —" Gold struck in No 7 level this morniog. Reef improving every shift.—W. Hoene." The effect of the news was immediately observable in the quotations, which jumped from buyers at 11s to buyers at 16s. Maori Win.—This mine is now to-be opened up in proper style. An experienced mine manager (Mr John Blewitt) having taken charge of the works, and share* holders may depend on the best result being obtained that skill can produce; Good gold was.got out of an upper work* ing but a deluge of water prevented the * find at this spot being followed up to advantage, the present plan of operations is to put in a low level which will not only give 60 feet of backs on the, best part b£ ' the leader but will also drain: the above mentioned auriferous portion of the lode and enable direct work to be commenced on the run of gold, and speedily teat its value. Tenders for driving 80 feet will be called for in a few days. The No 1 lerel is in 55 feet on a reef of a very promising character over-ia foot thick. A new leader = has been uncovered on the surface which ''• has uot yet been brokeu into,
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Thames Star, Volume XII, Issue 3935, 9 August 1881, Page 2
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228Latest Coromandel Mining. Thames Star, Volume XII, Issue 3935, 9 August 1881, Page 2
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