NEW FIELD FOR PROSPECTORS.

New Zealand Herald, Volume XVIII, Issue 5997, 5 February 1881, Page 5

NEW FIELD FOR PROSPECTORS.

The gold discoveries in the Tiki district, Coromandel County, are exciting a good deal of attention at present. The gold-bearing quartz is reported to be in some instances very rich. Hitherto, the gold in this district has been tound on private property, and the property of Mrs. Mclutosh, formerly owned by Mr. W. B. Mooi'e, has been credited with the lion's share of the newlyfound wealth. It is not generally known, however, that a portion of the gold bearing country already proved lies within the boundary of the New Zealand Timber Company's property at Whaugapoua. But such we l>elieve is the case. The surveyor's line at the back boundary of Mrs. Mclntosh's ground is also the boundary line of this compauy's property. The bouudary (jenerally runs along the dividing range between the eastern and western drainage areas. As to the gold-bearing quartz extending into the company's ground, there appears to be no room for doubt, for the claim marked out by Tien?au and Coghlan is about equally divided between the property of this company aud that of Mrs. Mclntosh, about one-half of the 20 acres held by these parties being on each side of the boundary line. Gold has also been found on this company's property at Te Ranga, about eight I miles along the dividing range from Tiernan and Copthlan's claim, and it is to be presumed that the intervening country is as likely to be productive of rich claims as the small portion abovit Mrs. Mclntosh's property. Indeed, if report speaks truly, gold has been found on several other portions of the 25,000 odd acres owned by this company, especially along the line of the Owera and Wairoa creeks. For some time before gold was recently found in the Tiki district, the Messrs. Harris employed several men at their own expense in prospecting the district drained by the Waingaro Creek, especially its upper branches, which join the recent discoveries in the Tiki district. All along the upper branches of this creek gold was found in greater or less abundance, but those who bore the expense of the prospecting had little idea of how near they were to making a most valuable discovery. Since then the Whaugapoua saw-mill property has been formed into a company, and it will beseen on reference to ou advertisement columns that the new com pany are giving encouragement to prospecting, by offering the right to work claims of three acres in extent upon very reasonable terms. The terms and particulars are detailed in the advertisement. We understand that the dividing range is clear of heavy timber, and as the right to purchase the claims taken up is to be available for a certain period, a good-sized mining township may be expected to spring up in this district in a short time if rich discoveries, continue to be made along the dividing range from the neighbourhood of Castle Eock to the far end of Te Ranga block. Whatever may be the outcome of the present offer to the mining population by the KTew Zealand Timber ComI pany, it cannot be said the company are acting the dog-in-the-manger with the wealtfi which this estate may contain,