KARANGAHAKE.

Thames Star, Volume XIV, Issue 4399, 8 February 1883, Page 2

KARANGAHAKE.

(feom oub own cobbbspondent.j

February 5. The new reef opened in the Mabtjeta last week is a fine body of stone, and prospects well. The same reef has been found in the Wheel of Fortune with the same prospeots. Iti the Keep-itvDabk, the owners are putting in a drive lo cut the Crown: reef, which runs through this claim. The Golden Cbown contractors are making fair progress with the drive, which has now been put in a distance of 15 feet. The renf is showing gold, freely in breaking down. . * A start has been made in tJi*F**Bkotjght to cut the Martha reef, which has been traced to the boundary; of that claim, and runsihrough the ground. The drive in the Diana'ls in 110;feet f and the reef ought to be cut in a few feet. ■• . : ■'"/' *'' The ..lower.-level in the Noble is being pushed on. In the Haubaki a large amount of stonev^J is ready to be sent to the mill as soon as the tramway is finished, the timber for which is being cut at Waihi. This seems rather strange, as there is plenty of timber on the hill if sawyers could be found. There is a good opening for them at present, as a lot of timber will be wanted for rails for the mines, and for buildings. There is nothing new to report from the Paekoa or Dubbo ; work is being pushed on. : . The question still is, When will the battery be ready, to start? I see the Tribune's correspondent says some ring wishes to amalgamate several of the Karangahake mines. I suppose the majority of shareholders will have to agree before this can be done, and they ought to be the best judges wnat^todo; but one thing is evident, it will take a large amount of capital to thoroughly open up Karangahake, and we have noTe Aroha Battery Company and General Government, to spend thousands of pounds to help us; and if one large Company can be formed to do this the.sooner the better for the district. No matter who the ring are they cannot -do good to themselves without helping us, and one strong, company under good management would be better for this district and all concerned, than five or six that do little else than get formed and wound up.