MINING NEWS.

Evening Post, Volume L, Issue 51, 28 August 1895, Page 2

MINING NEWS.

MAHAKIPAWA ALLUVIAL COMPANY. The prospeotus of the Mahaldpawa Alluvial Gold Mining Company is advertised to-day. Tbe ground whioh it is proposed to work is 100 acres in extent situated lower down the Mahakipawa oreek than the Hibernian claim, from whioh an exceedingly rioh return was reported only a few days ago, The records of the other mines in the vicinity Bhow a yield of £49,500 worth of gold from a small area, worked with primitive plant, a faot whioh enoonrsges the hope of muoh improved results when proper a>pplianoes are provided, as the company proposes. Lasi; year's report of Mr, Gordon, Inspecting Engineer of the Mines Dppart; ment, oontained the following ;— " Judging from an examination of the surface of the ground and surroundings', there is every indication of the course of the Mahakipawa Creek having been close against tbe foot of the range at the book of the- township, and that after having had its course there for a long period, a slip from the side of the range has taken place, whioh biooked np the original course of the oreek, causing the water to out its' p'reaent ohannel on' the opposite side of the valley. The remains of the slip are clearly seen, and a portion of the township of CnllensvUle is built upon it, The inference to be taken from this is that the auriferous lead of wash drifts' will be found passing along the foot of the range. If prospecting were done in thi» direotion, it is likely to be accompanied with Bucceas." Assuming Mr. Gordon's theory to be oorreot, the oreek will have, traversed the company's property for over 4000 feet. Mr. Victor M. Braund is broker for the oompany in Wellington, 5000 out of the 9000 shares being offered to the publio. Full partionlar'B oan' be obtained from the'advertisement and at Mr/Braund'S offioe.