THE WAIHI GOLDFIELD.

Waikato Times, Volume XVII, Issue 1410, 16 July 1881, Page 3

THE WAIHI GOLDFIELD.

Encouraging Prospects. A eoKKi-si'oxbKvr wiites to us as follows fiom Wai hi :— The result of tlie crushing of the five tons of cjiuulz fiom the " Maitha" (Piospcctors) has, while not .«ui prising any one, clone much to inciease confidence in tins place. The stuff was ciushcd in the Owluuoa battery, and yielded 210/s. some odd dwts., 01 ovci 4JO/S. to the ton. The gold is of gieater \ahie tli.xn any hitheito obtained in the peninsula, being woith about C 3 Us Cd per o/. This is. owing to its pnnty. Tlie "Young Colonial" have struck something said to be bettei tlian anything jet disroreied in the Frospectoio', and one of their number lias been despatched to the Thames for the purpose of buying up any small interests the shaicholdcia have patted with. Things aie looking quite as, healthy on the adjoining spin (Puketui) wheio five leases have been amalgamated under the name of the •Ttoseinont,' 1 in the woikmgs of which sevoial leaders liave been cut, vaiying fiom 6 to 18 inches, and a reef over o feet, in all of -which gold can be seen and excellent piospeets obtained. Theie is also a laige n j et cropping out on tlie siuface, which liat, been cut into some distance m the nppei le\el, also cauying good gold. There is a ceitainty of two batteries going up, and a third one is spoken of, all ot which can be fully and profitably employed. With ttie quantity and quality of the stone, and the excellent watei power available Jor ciuslnng purposes, the small cost of stoping or quarrying out ought to leave a very large margin over ami above expenses, e\eu it the aveiage returns did not exceed half-an-ounce to the ton. The state of the roads at piesent Mill preclude the possibility of getting ciushing machinery on the field, or hauling stone to the o\\ haroa batteiy at other than exoibitant Kites Tlie bulk of heavy goods will, in all probability, go by way of the East Coast, the nearest landing for small coasting eiaft being said to be only five miles distant, and loadmaUing between inexpensive. Waitekaun and Owhaioa aie also looking up, apaityat r,he latter place having ovei S, OOO ounces to divide for tlnee month's w orlt. The almost impassable state of tlie roads at piesent aie the gieat -diawb.ick .so fai as this place is concerned, which a spell of diy wcathei alone can lemedy. Will write occasionally, as fiehh finds oi anything woith of note ci op up.