Coromandel Mining News.

Thames Star, Volume XIII, Issue 4351, 11 December 1882, Page 2

Coromandel Mining News.

One of the greatest events of this week is the striking of rich gold in Scotty's reef in the lowest level of the Kapanga mine, giving 260 feet of fresh backs below the 300 ft level on this renowned reef. The London shareholders will feel highly gratified that so great a measure of sue» cess has attended the efforts of the mine manager, Captain Thomas, while this community has now an assurance that 1 permanent operations will be carried on. The class of stone coming out is so good as to justify the highest hopes of the future prosperity of the company. One of the benefits flowing from the discovery of rich, and payable gold in this mine is the impetus it has given to mining on the beach, as thece is believed to be a rich belt of auriferous ground extending from the Union Beach to the Kapanga, and there is every probability that all the available ground intervening between these two claims will be worked. At the Kapanga end the most brilliant prospects are held out, and the New Corby, among other enterprises, has not only been projected but actually carried to a successful issue during the week, as far as the floating of the company is concerned, and work of a per.manent character is being started at once, by which it is proposed to work on an old run of gold_, and also to open out j on Scotty's reef at the nearest available point to the Kapanga. At the Union Beach end of this important seotionof the fcoldfield there is considerable activity. For some days past there has been that peculiar agitation which, without any definite information as to gold having been picked up, leads people on to buy shares. We are informed that upwards of ten thousand shares had changed hands before midday of Wednesday, one person asking another. " What gold has been got in the Union Beach ?" On "Wednesday afternoon, while a directors' meeting was being held in Auckland, the following telegram was received by them from the mine manager :—" Six pounds specimen stone from Green Harp (reef) under 80----feet level, seaward of Venus drive. Gold still showing. Leader untouched below seaward of Venus drive." The past history of this mine has caused its name to be familiar throughout the colony, and it is believed that the shares will be well distributed and a strong company reformed, which will eventually lead to the sinking of the main shaft and the.deeper working of the mine. The lona is another enterprise likely, to rank high in public favour from its proximity to the Union Beach mine, and the fact that the Green Harp and Cross leaders are be* lievrd to run directly towards the lona shaft, which in years past was sunk a distance of 180 feet, and driven from about IC3 feet, when the mjtte was flooded with water which burst in ; |?Veg4lar stream from the face of the leveLi*/|:A, strong company has been formed to v^^k^ais ground, the shaft has been empt!ia aef mullock and secured, and during next week it i* expected that good progress will be made mclearing out the level. The Justin»Time ranks as one of the most spirited undertakings carried out in Coromandel. The mine looks well, and Che crushing stuff is shaping at the battery for a good payable return, and we trust the greatest success will crown the efforts of tho promoters. The Success has been quiet for the p^st week or two, owing to the fact that no s£opin!» had been done in the run of gold, and consequently there has not been the usual output of specimens. The Tokatea shows signs of coming to the front, operations in the low level having disclosed a strong leader on the footwall side of the lode channel from which, on Saturday and Monday last, a large haul of picked stone was obtained, the gold being of, a coarse 1 character and thickly distributed through the solid stone.—Mail.