THE MOANATAIRI MINE.

Inangahua Times, Volume III, Issue 97, 2 April 1877, Page 2

THE MOANATAIRI MINE.

(vbamu vmmmmk. xucb 16.) The directonr 'viMfcd%the Rioanttairi yesterday morrilng, several ha ving arrivei from Auckland ara n early hour. They were pleased witb the abowofgold, Md were informed that tbe. specimens wfnld be broken down on Moaday mor&g, when a haul of about half a ton of |M mens and picked stone is expected t§t>^ the result. There «re tt present stx ban- t drpd weight of specimens in the ohest. and these will be doubled before the next cleaning ap takes place, about the end of ' the ensuing wepk. The last; crushing / served to wipe off neirlv £1500 of the ! company's heavy h a t»ilit7, and the remaining debt of about £4000 is expected to be paid off out of the npxt fortnightly crushing. The company will theu breathe more freely, and begin life afresh under more encouraging auspices than have fallen to its lot for some years past. Tbe magnificent plant, supplied with cheap motive power, and its constant j occiipatioa by pnb'ie crushing? when not 1 required ur n qu»r!B f r nu ?d e mi ne j s a • ouroo of profit to the shareholders, and this means alone has done much, nnder able and economical management, to liquid Ate some of the henry debt on tbe oompiny. The public were admi ted to the mine as visitors for the -first time yesterday, and about 70 p-raons availed themselves of the privilege of in<pecting the gol !en lode. Tne gold w*s viable »<> tbe naked eye, and pould be seen in pitches occasion illy throughout the en' ire length of 'be lode, which varies in sue from two inches to two feet. Tlie clay seam wbich accompanies the leader also carries gold, and tbe visitors yesterday were unanimous in their expression of satistaotion with its general appetranee.