MR MACARTHUR'S OPINION OF THE FIELD.

Northern Advocate, 6 December 1890, Page 3

MR MACARTHUR'S OPINION OF THE FIELD.

THE FIELD'S ORB AVERAGES 122 OZS...PEE TON. Mb MACARTnuu finished his assays and reports this week, and has furnished the reports to the different claims. In a conversation with our reporter, Mr Macarthur expressed himself as highly satisfied with the field, and stated that he should recommend the field as a good one for investment to his friends in Auckland, Australia and England. Either himself or Mr H- R. Cook, he informs us, will visit Sydney and Melbourne at ah early ddte with a vie>7 of .fUrttieriug the interests of the field. It will be remembered, that when Mr Macarthur went out to the field ho visited some six claims, including the Prospectors, arid brought away sixty pocket bags of stone selected by himself from the various reefs. The stone was selected with a view of getting a fail average of th.c field, and Mr Macarthurinformsusthat pter iuaklhg over one . hundred asflays, both wet and dry, he finds the average value of the ore to yield 122 ozs. of silver to the ton. That is the amount he expects approximately will be the return from the mill when the ore is treated. Some of the ore tested gave much highor results" ahd diners of course innch less. Soiile picked specimens from the ProstKJCtors, testert for , cbifiparatlye purpose, •went nearly 2 000 ozs. to the ton, br.t this test was not taken into consideration iv arriving at the average value of the field. Another claim bad picked stuff worth 1400 ozs. and the general ore from the same claim ran over 300 ozs to the ton. These results are highly satisfactory, the moru so as tbe stone selected by Mr Macaithur was not considered by those on tbe field to be even " fair average stuff." { persume however that so long ftfl tho average ascertained by Mr Macarthur is maintained, no fault will be found with the final result. We have persistently contended ; that the Pnhipnhi ore will pan out about 100 ozs to the ton, and we BeetioeTeaßon to niter our opinion. That is about the average of these free-millinff silver sulphide ores in America, where the geological formation is similar and the ore js&jbpanmtly identically the same as here, mtti silver 1 at, say. 3/6 an ounce, our ore Would be worth (gross) £l? 10s a ton, and as it will not exceed 30/ a ton to treat, and there is. as Mr Macarthur says enough ore in the Prospectors to macadamise a road to Auckland, we think shareholders in Pubiputai may reasonably expect to re jeive interest on their investments. The Broken Hill Proprietary Mine does not get more than oOozs. to the ton from its silver-lead ore, and as this has to toaajelted a half of the value of the pro- — dnctjft,abjorbed in the cost of treatment. Nevertheless fhe shares in that' mine have been divided into 800,000 (8/-paid-up) and aro quoted at £13, which pfaces the value of tho mine at £10,400,000. Evidently no one in this Colouy ever dreams of any of the Puhipuhi properties ever assuming such a colossal value, else some of our political agitators and disciples of Henry George 'would have suggested that tho Government should attach pi'ospectirely the 11 unearned increment " of Puhipuhi. We merely throw out the hint to put our budding millionaires on their guard.