Mining Intelligence.

Inangahua Times, Volume XXI, Issue 851, 25 February 1896, Page 2

Mining Intelligence.

(By Telegraph, Per Press Association.)

Wellington, This Day.

Mr Gordon, Mining Inspector, whc tesfced the Karori gold discovery, re« ports that it is not a mining venture he could recommend as likely to prove successful.

Auckland, This Day, A dividend of 2/- per share was declared by the Waihi Company. ,

A deposit of ,£SOO has paid by the negotiators for the purchase of the Aorere mine, Kuaotucu, by an English Company. A deposit was paid for Edward's freehold, Karangahake ; a deposit of £500 was also paid in London by the negotiators for the purchase of the Coromandel Freehold

Proprietary,

We learn that several parties have proceeded to the Landing Creek district for the purpose of pegging out ground. The locality is a likely one, being on the line of the Caledonian reef at Larry's Creek, and there is abundance of quartz cropping out of the sidelings. A very rich find has been unearthed at Redbank, Wattle Flat, by Messrs . Cox and McPeake. Three days' work resulted in obtaining 75 ounces. Sinking about 14ft on the vein, which averages 5 feet thick, they were then rewarded with 300 ounces from 15 buckets of ptone. The mine has been christened the " Monte Christo." By the ToDgariro at Wellington last Thursdiy, three boxes of bullion valued