WELCOME FIND.

Auckland Star, Volume XXVII, Issue 158, 7 July 1896, Page 2

WELCOME FIND.

fe ' (Jf»OM OCR OWN CORRESPONDENT,)

Coromandel, this day.

A good deal of excitemenb kas naturally been caused through the discovery ef gold la this mine, and considerable interesb is centred in the development! of the leader from which it was obtained: On Saburday ißtt aa per wire eight pounds of fair picked stone were secured, and the work of ■tripping the leader is now proceeding preparatory to another breaking down, when tnoeher haul may be expected. This leader whs first iatereeefced in the western crosscut) from the low level, and bite sboae bearing a promising appearance the manager decided *• drive upon is with a view to testing Us value. As has been proved he was not disappointed, fl»d the fact, in addition to tho present highly encouraging prospects, fchab 200 feet o» its course remain yet to be driven to the. southern boundary, all ol which ia through virgin country and giving between 170 feet and ISO.fefeb" of backs, ia sufficients to justify a itroag belief that even better results may yet .be expected. I saw. the 291b of picked tnd specimen atone which bas boen lodged at the bank. Io is for the most parb somewhat exidiaed ia appearance, more especially that from the main four-inch leader, bub is, on the whole, of very good quality, ihowing the gold to run righb through the »fcone. Some of the pieces would go oonlidorably over one ounce to the pound, the zold, moreover, being of good quality, thab U to Btty t about £3 per ounce.