THE LYELL.

Grey River Argus, Volume XV, Issue 1870, 3 August 1874, Page 2

THE LYELL.

There is good news for holders of Monte Christo scrip, as on Wednesday evening a first-class leader, averaging six inches in thickness,' was cut through in the uprise which was being driven from the end of the new low level tunnel. Some stone taken from the leader, which was shown to us, contains more than the average of coarse gold, and we are assured that the leader presents a very favorable appearance. It was met with 65ft above the floor of the tunnel, which is in nearly 700 ft. The leader is thought to be a continuation of the Maruia Smithy Leader. Should this surmise prove to be correct (about which there is little, if any doubt) the leader in question must run through a large area of the Loug Drive and Central, as well as the Monte Christo Company's ground ; and in that case it will prove a mojt valuable discovery. We are justified in stating that the j-rospects of this field were never so eminently favorable as at the present time. We regret to say that a destructive fire took place at Zalatown, by which a party of men who could ill afford it have lost their all. The origin of the fire has not been traced, as the men, who are sawyers, were away from home at their work when it occurred. Their hut, clothes, private effects, and all they possessed, has most unfortunately been destroyed. As the men say themselves, " they have now to make a fresh start." The crushing of the Maruia stone was to have heen finished yesterday at Messrs Carroll and Cairn's machine. The process of washing up and scraping is, we are informed, now proceeding. The prospectors are to have the machine on Monday, and the Break-o'-Day Company will follow.