OUR MINES.

Thames Star, Volume XII, Issue 3969, 17 September 1881, Page 2

OUR MINES.

Summary of the Week.

It would appear from the result of late erushings as if the field was recovering from the oppression which has for such a long time been hanging over it. The trial crushing from the Caledonian, though not so good as it was expected it would turn out, is still very fair, when it is remembered that the reef only showed gold for the first time in the stuft crushed. We hare great hopes of this reef yet, and think it may reasonably be expected that when tried further on it will turn out much better. The gold found is not likely to be merely a patch, and as the improvement in the reef was very gradual it will probably continue. The return from the Southern Cross is encouraging, and if the large reef in the stopes continues to yield as good stuff as it has done this crushing, the mine will soon go ahead. In the Alburnia, too, things are looking much better and during this week and the latter part of last, the manager has secured quite a " haul" of picked stone, those coming to hand last night being very good. A slight improvement is also reported from the New North Devon, and the quartz at the battery is expected to be considerably better than that last crushed. In the sharemarket there has been a slight demand for New Golden Crown scrip during the week, but as a rule people seem to be anxious to get rid of shares, there being plenty of sellers in most companies aud but few buyers. In the tipper Country mines, the one which seems to be attracting most attention is the Young Colonial at Waihi. If the reef is as good as report has it, this claim should ere long be one of the richest on the field. Computations as to its probable value vary from 20 to 30 ounoes per ton, and as over 18 feet have been driven into the reef and gold has been seen all the way, we do not wonder that as much as £58 has been giveu for a share in the mine. The Smile of Fartune at Owharoa has also attracted considerable attention, owing no doubt to the large return lately got out by the tributers, whose time has now nearly expired.