MURRAY CREEK.

Inangahua Times, Volume V, Issue 35, 15 March 1878, Page 2

MURRAY CREEK.

(UUOM OUR MINING RKPORTKU.) JCEEP-IT^DAI?K. WISDNKSI>AY, MuPC'll 13111,. Daring fclio last fortnight n slight roduction in. iho marketable- valuo of shares iv this company has tnkon place, but it cannot ho snkl that tho appoaranco of tho mtnn justifies tho depreciation of this stock. The- present level shows oinplo slono to occupy IS> stampers for between four nml fivo mouths to come, and tho procoods from this according to tho ros* peotivo returns for tho lust 12 months mny bo fuirly c^lculatod to liquidate Iho Imhinoo of'dobt on tho bnttory, and nlso fjivc four or five shillings in further dividends, Tho (riul shaft bus Touched tho dopth of nipjity»t\ro foot, nnd nb n distance of twenty foot tho qtinrtz wns struck . Tho rcof is stnnding alniont porpcndiouliir nnd hns not yot been cut through, but iibout throo foot of stono is being enrriod with tho shaft which to till nppcuranao is of tlio snmo gold boaring character as. tho upper portion of tho lodo. Every foot that this shaft is sunk maintaining tho lodo in its I proHoiU form will uncqucstionably lond to destroy tho folso impression that hns- boon created, via., thut tho rcof doos not live down,. so far it i»alrondy proved' for thirty foeb below tho prcsenr lovel, and witb ovory likelihood of pormanonoy, Tho contractors in tho new tunnel hnvo hud very hnrd driving until tho last two days when ivdecidsd change for tho bettor hns tnken place, and now they have- vory good' driving.