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LYELL MINING.

♦ (Lyell Times.) UNITED ALPINE. Friday 11. The only work now he ing carried on is a prospecting nature, with the j exception of driving No. 7 level, which is being pushed ahead as rapidly as ! possible. Messrs Reeves and Rnssel! have been in Lyell during the early part of the week collecting all necessary information respecting the mine in j 1 order that the latter will be enabled • to compile an exhaustive report for ! transmission to the Home syndicate by . the outgoing mail. They took their departure fur Reefton on Thursday and will return a^ont Tuesday Tenders for supply of mining »oods ; for twelve months, caning from West- j port to Lyell, and from Lyell to mine and battery, close at Mr Ing! is' office j on Monday, at 7 o'clock p.m. UNITED ITALY. The contractor for the crosscut, Mr C. Jacobs, is making good progress, and will finish his contract in a few days. The face of the tun Del is now in among broken quartz, and from other indications it is anticipated that a solid reef will be met with shortly.

one of about a uo/.-m :>e:;i_j ;>r *;>arod for English capitalists. I urn.-st sty tlvit I nui astonished ;:t the a'ilaoity "f t'io promoters <if this scheme asking shareiioMers in the Lyell Creek Company for their proxies t«> empower them to sell or do absolutely whatever they »n:iy think proper with the s]i;treli>l(iei3' property. It will be noticed that no conditions of amalgamated are prop, ,-el :so th.it the promoter*, if they iiot sujfteicist proxies, woiilil have the power to giveaway the fKinpuiiy's property for £10 to any of their friends holding ii worthless piece of <_M(iH!)l adjoining. I •) >u't ui'aii to say that they would do such a tiling, hut they I certainly would have the power to <?o so. | I hope shareholders will withhold their proxies until they have definite proposals of amalgamation laid before them. I notice in mininrr news from Reefton m yonr Usue of this morning that it is pn>posed to ama'gam :t-- three claims with the ■ yell Creek. Perhaps the promoters will h.;U'>i»d enoiii>h to »i\-t» some aeo^unt of the prospve<3 of the I'ajitain I'onk chums, and oti w!»at t >mn the United Alpine and Lyell Cr-_n-k comp-inics j.iiu them, as a laix'e nnmher of United Alpine and Lv;ii Crock ahares ;\re held in Dwnediu — I ;ui), &c, SfIAREHOLDKB. Dunedin, February 2.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/IT18870214.2.8

Bibliographic details

LYELL MINING., Inangahua Times, Volume XI, Issue 1829, 14 February 1887

Word Count
403

LYELL MINING. Inangahua Times, Volume XI, Issue 1829, 14 February 1887

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