THE GOLDFIELDS.

New Zealand Herald, Volume XII, Issue 4372, 17 November 1875, Page 3

THE GOLDFIELDS.

[TKOM OTFP. OWN CORRESPONDENT.] Coromandel, Tuesday. The Black Reef Company resumed sinking the shaft this morning, and. as some good hands have been engaged, it is not likely that any stoppage -mil occur again until the lode is cut, which, from the report oi Mr. Wright, the mining surveyor (which is appended) should be reached at 80 feet from the surface, or less than 40 feet from the present depth of the shaft. In this case, the lode may be looked for in the course of a few weeks, and another first-class claim ■will in all probability be added to those already on the field. The following is the report of Mr. Wright to one of the direc-, tors, bearing on the depth and strike of the lode:—"I send you a tracing shewing the position of the black reef vrith regard to! the claim of the Black Reef Gold Mining Company, and by it you will see that the' strike is directly through the Black Reef shaft, at the Union Beach 80-feet level. -Supposing, therefore, that the black reef continues in the same direction as exposed in the drive of the Union Beach Company, your shaft should intersect it at a depth of 80 feet."' . In- the Kapanga, frem the shaft cross-cut about 275 feet have been driven, and a leader cut several days ago which gives every indication of being auriferous, as it is filled with mundic and other metals. The leader is not large, but is evidently a feeder to some good-sized: lode. A short, time, however, will cut the Kapanga lode under the winze put down by the old company, where the shot of gold is expected to be met with. The new battery is almost completed, and, perhaps, it would not be too much to' say that no battery on this field was ever put up in double the time ; added to which, it is* placed in such an economical position, by using the waste force of the pumping mar chinery, that a very small return of gold will give a profit—indeed the cost of keeping the stampers going is virtually a trifle. In the Golden Point during the last few days some very rich specimens were taken from the leader, which is from four feet to five feet wide at present. The tributers are now rising on the lode a considerable distance in. The tributers are only taking stuff that they can see gold in, so that the crushing is certain to . pay. The Kapanga Company intend bringing about 100 tons of this quartz from this lode, and if it realises ■ 5 dwts. per ton it-will pay handsomely, although it would hardly pay expenses of the tributers. The manager of the Kapanga Company considers that 3 dwts. will pay all expenses from such a large block, but that five or six dwts. would give handsome dividends, and herein lies the strength of this company.