Mining News.

Lake County Press, Issue 700, 19 March 1896, Page 2

Mining News.

The Cromwell Argus says:—We hare it, on authority that can hardly be doubted, that during one shift of eight hours, of the Electric Oorapany’adredge, about a fortnight ago, when cleaning a piece of bottom, that 80cz. were obtained-in the shift, and last week’s yield is stated to have been 200oz. The return for the week from Sew Hoy Big Beach Co. is 970z. Idwt. 6gra. Mr P. Gray, Bald Hill Flat, cleaned up the Excelsior battery on Thursday, obtaining 58oz 6dwt from- 28£ tons of stone.—Dunstan Times. Coolqardie, March 16. The White Feather Reward mine has cleaned up 446 ounces of gold from 179 tons of stone. Mr Callaghan, an American expert, has examined the Great Boulder mine and pronounced it one of the greatest hehas ever seen. Manager Lane osgoing, to London to float two subsidiary companies in connection with the mine. A rich shoot has been struck in the West Australian mine at Cue. The stone runs 1000 ounces to the ton. A London cable says that the Waitekauri Gross Goldming Company (Auckland) is announced with a capital o£ £100;000 of which shares representing£3s,oo are being issued. The Telegraph has published a series of articles from a special correspondent on the Westralian goldfield. In a leader summarisingtbe articles the paper says :. —*• That there is anything to justify the present boom has yet to be proved, actually less gold being raised in Westralia than in New South Wales. The history of the majority of the sensa* tional discoveries is much the same. They are eminently fitted by the dazzling richness of the surface as shows for booming: purposes, but comparatively useless for the genuine miner, on account of their poorness beneath. As long as the-gambling continues and' thepublic subscribe the money to make a pretence of work at all, the absurdly capitalised- wild eats, with which thegarae is played; labor will be in demand ; : but when- the gamble is over, speculators will fold their tents and silently steal away. Likely-enough a few mines, will give permanent employment f habit is absolutely certain that as soon as. they are of no more use for stock exr change gambling the bulk of them- will! be abandoned. The mines, so far,, have given no indication to sustain-anything-like the rush they attracted, and miners are strongly advised to think; twice before abandoning the riches mining colonics cast, with- the probability of finding themselves strandfed and homeless in the west. It will be-fortunate• if trouble of a serious nature does not result from the rush.”

The Hokitika Guardian'says that-at-Blue Spur £7Bo* was obtained- frdini 70 loads of dirt,, theresult. of, one • weokla-. work.