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MINING GOSSIP.

(o) The Star of the West, Broad Arrow, W. A., ha* a record yield — 9240z from 33 tons, or equal to 28oz. per ton. Stone from the Mt. Malcolm property weighing 21b. loz. yielded 13£oz. gold. All the Western Australian mineg, judging by recent telegram* received, have reefs of phenomenal richness, whilst all the new mining companies in Tasmania are busy erecting blacksmiths' shops and huts. <« Th» Great Boulder mine (W. A.) up to the beginning of last week produced 55,1720z. gold from 12,193 tons atone. This is the greatest quantity 6f gold turned out by any one mine in Western Australia. The discovery of* rich reef on the Murray, between Tumberumba and Corryone, was recently reported, the stone being stated to average over lOoz to the ton. A report from the local police officer, however, puts the probable yield down at loz. to theton. The mining dividends in Tasmania for July amount to LI 6,560, aB compared with L 4.500 in July last year. The aggregate amount of the dividends for this year to date is L 83,520, while for the corresponding period last year the amount was L 63,00 0. Some good yields are being obtained in the Bonang district, up to lloz. per ton being obtained: Mine owners keenly feel the want of a plant for treating the blanketings and tailings, which at present are all being bought up and carted away for treatment at Bendigo. Some idea of the? amount of gold retained by the mineral may be obtained from the fact that numerous parcels are bought up at from LI 2 to L 25 per ton. A Yea telegram states : — For a considerable time past the weekly yields of theFawcett Gold Mine, at Spring Creek, held byDr Matthews and Mr E. Popple, have exceeded 4oz. and soz. to ihe ton, but a specimen secured on July 28 is of exceptional richness, and estimated to yield at the rate of 180oz. to the ton. The stone is literally studded with geld, and the specimen weighs slightly under l£lb. The «very largest piece of gold ever found was discovered by two miners named Beyers and Holterman, at Hill End, New Somth Wales, on May 10, 1872. It weighed 6401 b., and sold for L 28.000. The miners were living on food which they begged when they discovered their ready-made fortune. The "Welcome Stranger" was found in 1869. It weighed 1901 b., and was raffled for LI a chance. The driver of a baker's cart won it, and cold it for LI 5,000. Tke "Welcome" was found eleven years before. It was won by a little errand boy in a barber's shop. A runaway sailor found the "Union Jack" nugget. It weighed over 231 b. The sailor sold it for L 1,200, which he spent in about four weeks. A little boy playing at gold-mining found the "No Name" nugget. He got LI ,400 for it. Gold mining is not without its romantic side. Some months ago two men were employed in making a road for the Crescent Company, near Harrietvil!e. Their dray got bogged, and in digging the wheel out they found rich quartz. The first crushing yielded 7oz. per ton. Mr Davey then purchased the property for L 2,500 for an English syndicate. His judgment was not in error, for on Thursday a crushing of 20 tons was washed up for 4000z., or 20oz. per ton. Three hundredweight of specimens yielded lOOoz. The 7oz. | crushing was taken for a width of 4ft. The Alpine shoots of gold art usually not very lengthy, but a very short distance of this quality of stone would provide a fortune. A telegram was received by the Mines department on July 31 from Bright, stating that the Monarch of I the Glen Mining Company, at Harriet--1 ville, had obtained the splendid jield of 400cz. of gold from 20 tons of stone, and that 3cwt. of picked stone had given a return of lOOoz. Another telegram came to hand from Glen Wills reporting the discovery of two rich reefs five miles north of Sunnyside, Glen Wills, near the Tallangatta-road. The Government proposed in the Budget to expend a sum of L 3,000 in making this road, and the Minister of Mines thinks the find tends to justify the proposed outlay in opening up communication between Glen Will and Tallangatta. The directors of the Mount Bischoff Tin Company report as follows for the half-year: — The accounts submitted at the last general meeting showed a balance to the credit of the profit and loss account of L 27,325 357 d., to which has since been added the sum of L 24,449 9s 3d, being the earnings of the past half-year, making a total credit of L 51.774: 12s lOd. Of this sum L 21,000 has been distributed in dividends, L 1,050 paid for income tax, and L4l 17s 3d for interest, leaving a balance of L 29,682 15s 7d to the credit of the account. The smelting manager reported:— The total quantity of ore smelted is 1,928t0ns 13cwt Oqr 131bs, yielding 1,317t0ns Ocwt lqr 81b of tin. Of this, 1,179 tons 17cwt 3qr 201 b, yielding 797fcons 17cwt 2^ 111 bof tin,

was smelted on account of the company, and 748 tons 15cwt Oqr 211 b, yielding 519 tons 2cwt 2qr 251 bof tin, on public account; The average assay of the r«fined tin is 9985 per cent., and the »lag s*l percent.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/GRA18960824.2.24

Bibliographic details

MINING GOSSIP., Grey River Argus, Volume LVII, Issue 9527, 24 August 1896

Word Count
911

MINING GOSSIP. Grey River Argus, Volume LVII, Issue 9527, 24 August 1896

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