MINING NEWS.

Lyttelton Times, Volume LXX, Issue 8623, 26 October 1888, Page 5

MINING NEWS.

[Bt Telegeaph.J [from oub own correspondent.J EBEFTON, Oct. 25. INKERMAN. Yesterday, the Manager inspected the new reef found in the Supreme tunnel, and reports on it as follows :—" The reef is being driven along the hanging wall side of the reef. The course of the atone is West by South, and East by North. I cannot say hew thick the reef is, as there is no sign of a foot-wal). The tunnel is going nearly parallel with the stone. I took a piece of the stone from the last allot fired, and could aee gold plainly in several pieces. The cud of the tunnel is about 173 ft from the western boundary of the Inkerman, so that this tunnel will give our Company about 16Dft of hacks at the western boundary, and 173 ft in length from the present face of the tunnel; that is before it goes into the Supreme ground.” After the Supreme Company extends the drive ahead a little, the Inkerman Company intends to sink a winze on the reef to test the size and depth of it. Tenders for the aerial tramway have been extended to Nov. 9. SOOTH WEALTH OF NATIONS. The reef continues about the same size and quality. PROGRESS. The Directors visited the mine to-day, and selected a site for the new engine. The reef in the winze continues to go down on very rich stone, causing shares to be held very firmly. SCOTIA. Good accounts come from this quarter. The reef is making larger, and shows rich gold. BIG EIVEE. The only news is that the reef is still looking strong. LATEST QUOTATIONS: Keep-ic-Dark 41s, Globe 24a, Progress 265, Fiery Cross 14s 6d, Big Eiver 9s 6d to 10s, Venus 7s, Welcome 6s 6d, Homeward Bound 5s 9d, Sir Francis Drake 4s 9d, Inglewood 3s, Inkerman 4s 3d, Supreme 3s 3d, Nil Desperandum 3s, Gallant 3s, Scotia 2s 3d, South Wealth of Nations 9d.

[Pee Peess Association.]

HOKITIKA, Oct. 25. The Bank of New Zealand has shipped 22000 z of gold, valued at .£BBOO. DUNEDIN, Oct. 25. A case was commenced in the Supreme Court to-day, in which A. H. Logan, proprietor of the Fernhill coalmine, sought to x’ecover .£IOOO damages from the Corporation of the city of Dunedin for negligently and improperly constructing the Silverstream water-race, from which a portion of the water supply is taken. The case is expected to last over Monday, as a great deal of expert evidence has to be token.