GREY-VALLEY GOLD-FIELDS.

Grey River Argus, Volume XV, Issue 1815, 30 May 1874, Page 4

GREY-VALLEY GOLD-FIELDS.

[from our own correspondent.] half-ounce. There is a little* more stir here since „■ ; the. disastrous effects of the big flood have been remedied. For the last month a recovery more or less severe was suffered, (bat as claim .after. claim was got into working order again' matters' gradually brightened., The. damage-. done by the water getting into the underground workings" in several' of the. claims was something enormous when the great delay is 1 considered, for a good deal o£ the work previously done was utterly destroyed^ such as timbering and drainage ways; t ; Dividends are again being paid, and as long as these continue there is not much „; danger of a collapse. The Eclipse Company's ground seems to have suffered' most, for the creek broke into the workings, filling them tip with rubbish, which it has taken several weks to xemove. „ A one-twelfth share was sold in this leasehold for; a price verging on LICK) the last week, and seeing there were not any dividends paid for the previous three weeks, ■ x ; there must be, some who have faith in the . „ property. . , The workmen' in the J ust-in-Time leasehold ', at' the upper end of the lead, are wading into it in every sense of ' - the phrase. The quantity of water in the '- ground hi astonishing, and is more than •; : can be accounted for by any of. the recbg- : nised theories concerning deep and wet „ ; leads. It is said $bat, as the face of the drives in the new ground is pierced a . ) vploinc. Ji water quite equal to the quanJ, _.tiiy of drift removed bursts forth at first. There is the consolation in workings in ground of this description that "the 3a ; J tfater follows '; the face," that is, the. " greatest quantity comes at the beginning and when the work of blocking out the claim commences there is comparatively