THE LYELL.

Grey River Argus, Volume XIV, Issue 1692, 6 January 1874, Page 4

THE LYELL.

[argxjs.] * ' l!laruia.— The crushing of the'first lot . t r ' ! bf 300 tons of: quartzfrom this claim was completed on Christmas eve, and the gold was lodged with the Bahki of New Zealand on. the following day. When Veighed in its retorted 'state, it was found fo M bei3B3oz; ' The gold being Very clean will Jose but. little in the melting process. The rate per ton may therefore 'be quoted: asi.^p? , 1 2d wt< The. result is ,the . more" satisfactory, as the 300 tons of 'stone crushed included: 50 tons of poor quartz O taken; from the proppecting tunnej.. The (^legaVfraanager has kindly supplied me 1 •^with the follbwing infbrnVation :— Since Elep|mber 16,,1 872, there haa been ex- !: pe'nded on the claim «the sumibf L 2230, ul which *is at the rstte of L 159 per full (14th >• flhWe). The dividend will .be about, L 379. 4- The [company will have 250 tons ready .for ;. the jmill in about .fiye ; .weeks, and. the result will it is thought' be 'much better. •' The .operations of the party have 'been v cbnaittcted with ability. :' v Although"^ the . company has, not yet been .registered under" . } fhe^Apt, great credit is : du'e'tp those who j,V;iiave had. control 1 for ;the ; s'u t cces'3 that 'has vfvjaeea achieved/! A share was recently' s,old •u.forLlOOO, Mr, WitsonVpf ' .Charlestp^be- , v -icoming, the purchaser.^., ..- .'. '..\ },', jo H <:Monte . Ghrisco.rrZ'his company; iihave ""'ietafted conveying their,istpne.tO[C,arrpirs machine, and will commence crushing/ on Moriaay/ It' is though't'that 'their stonei! looiWill.t.urn pnt.quite as that recently crushed by the Break o' Day Company, i Th'^'will put'thfbngh about 170 tons. A * r— iitmnei-has-been- commenced-a4-thenorth end of the cla\ro. [|tjis now in from 80 to j 90ft, and the Marmaleader will probably be cut before the crushing is terminated. Two .or three new leases have been^ taken up at the Eight-mile: ' ■ i