MINING MEMORANDA.

Tuapeka Times, Volume V, Issue 233, 18 July 1872, Page 7

MINING MEMORANDA.

THE LAKE SUPERIOR MIXES. { "News of tlie World.') "We copy the following private letter from a Toronto paper :—: — Fort William, April 17, 1872. You will be happy to hear that they struck a rich show in the bottom of the second level at the Shuniah mine the clay before yesterday. I have not seen it yet, but I heard a note from Captain Law read, which stated that he had liefore him specimens that Avould go over 10,000 dols per ton. and that the vein stone Avas actually hanging together with the precious metal. It is going to help the country a great deal. Peter was down at the Beck mine and No. 3A. He saysjthat the former looks well in the drifts where they are working, and that have a large amount of ore barelled up, and show very fine specimens of ore, " The shaft Avas full of water up to the level of, the drift, so that Peter could not see lioav the vein looked below, but Mr. Griffith, the agent, stated that they were getting silver in the deepest working. The Dutchmen quit working No. 3 A ; they have taken out twenty -two barrels of silver ore. They were .displaying handsome specimen of extra*

ordinary richness from it. The vein is not large, but it seems true. The *Algoma Company, working on the Beck lode on the east, have tAvo shafts 30ffc to 50ft and slioav rich specimens containing silver glance from it. The rocks are identical with the Beck. Silver Islet is doing Avell. The lust reports stale that the vein looks very Avell in the deepest working. The excitement is raging here about the gold. The tAvo surveyors that are here cannot do half the work that they are called upon to survey immediately to the south-west of Shebandowan Lake. Peter Archie, and the party that were mining on the gold, got back, about two or three* weeks ago. It proved very satisfactory ; they had finished the work that they intended when they commenced, but they were going to leave a couple of men to take care of the place, had it not been for the Indians. The Chief Blackstone came and ordered them all aAvay until the treaty Avas made. The Chief promised that everything left would be safe. A Sydney correspondent of a Melbourne paper writes under a late date : — In the mining history of the Aveek there is one phenonema Avhich I must not neglect to notice, aud that ia the actual declaration of a hsnajide dividend by a gold mining company. It is a fact Avhich will be scarcely credible that such an event has never bef>re happened in NeAv South Wales. Of course there has been a great deal of profitable gold-mining, and individual diggers, and partnerships of diggers have made handsome profits ; and there have also been some cases where a feAV capitalists have clubbed togother, and worked a snug claim jointly ; but there has never till now been a case where a regular joint-stock company, the shares of which are purchaseable in the open market, has paid a dividend. On Monday, June 10 a letter Avas received at Te Papa from a person named McFarlane, Avbo Avith one or two others Avas prospecting near Mataora, a feAV miles distant from Waihi, which is six miles north of Katikati. The letter stated that tho Avriter and his party bad discovered two payable goicl-bearing reefs in that locality ; that trial crushings had given three grains of gold to the dish, and that McFarlane intended to proceed to Auckland to claim a rcAvard for discovery of a goldfield. Tho neighbourhood, and beyond Waihi, has always been pronounced tlie most promising country for gold, and as it is almost trenching on the Aroha and Ohinemuri territory, probabilities are still in its favour. But the present alleged discoA r ery, if established as a fact, will prove that deposits are not limited to theAvestern, but also to the eastern, side of the Coromandel range. — " Auckland News." The "West Coast Times" reports that there are now about 400 persons at the Woodstock rush. Gold has been struck by five different parties, and prospects are showing Avell.