THE LTELL REEFS.

Westport Times, Volume IV, Issue 685, 16 July 1870, Page 2

THE LTELL REEFS.

(prom a correspondent.) Messrs Hunter aud Campbell, shareholders in No. 3, North, arrived from the Lyell Reefs on Wednesday with the pleasing intelligence that No. 1, South, had disclosed a leader 5 iuches in thickness through which the gold is thickly distributed. The leader is apparently identical with one of those struck in the Prospectors' claim, and others, no doubt, of a similar character will be found in the Excelsior Company's ground, but at a lower level than the Prospecting Drive ; put in to test the ground. When the main tunnel is put in there is every likelihood of cutting through many leaders that will pay handsomely for taking out. There cannot exist a reasonable doubt that these reefs, if once got into working order aud with proper appliances, will be second to none in New Zealand. The yields are large and, if surpassed by individual claims at the Thames, possess equivalent advantages in the soft nature of the stone —its abundance and the extraordinary facility with which it can be got ready for crushing. All who have been on the ground and tested the stone have gone away fully satisfied that, as a speculation, it offers very powerful inducements and with very great probability of returning extraordinary dividends. Under these circumstances it caunot but be to the interest of the people of Westport to show that they have confidence in the reefs, so that the inhabitants of other places may be inducedto assist in their development. Should any doubt remain that the reef is not as reprefesfi'fy to the correctness of that which has been stated and to such as need further satisfaction 1 need only add—" go and look for yourselves—" when lam fully convinced all doubt will give place to a thorough confidence in the payable character of the reef and its advantages as an investment.