THE GOLDFIELDS.

New Zealand Herald, Volume XXIV, Issue 7922, 14 April 1887, Page 5

THE GOLDFIELDS.

BY TELEGRAPH. OWN CORRESPONDENTS.] Thamrs, Wednesday. Sharkmarkkt. v — Cambria 5?, sellers 5s 6d ; Alburnia, sellers Ib, buyers 9d ; Saxon 3s 4d, e sellers 2a 6d, buyers 2s 3d; Adeline, sellers 0 Is ; Rose, sellers 9<i. Saxon.—A clay head in the drive is said to have pinched out the reef at No. 3 level. 0 If that is all that is wrong I cannot see much " cause for panic. The lode has been cut off a throe or four times during the last thirty 3 feet. These heaves are frequently a good 0 indication for gold. There seems to be considerable indignation that the news of the P lode outtiug out was not published here as 3 well as in Auckland. It seems very much 0 like allowing one section of the shareholders 11 an advantage over the rest. ° Connon's Tbibotk.—33oza 13dwts gold. ; Piiinck Imperial.— 15lbs specimens and picked stone from third etope. Parroa, Wednesday. The recent Adeline crushing is not regarded 1 as unsatisfactory. The fact of its being rather poor is accounted for by its having J been unpicked and being very mullocky.. Union Mink (W»ihi) ; —The manager has forwarded to the secretary of the company, ) Mr. J. F. Clark, the following important letter, which will be read with interest not j only by tho shareholders, but also by the ; public generally, as it clearly shows that the i extraordinary price recently obtained for , their ore in f oniion is not exceptional, but i on the contrary, there is abundance of nimii lar and higher grade ore in sight, while the developments indicate that the bulk of the ore is of a quality that will pay remarkably well by any known process of extraction. 1 Mr. J. W. Walker says, "In company with ' the Minister of Mines (the Hon. Mr. Lar* } nach), Mr. Stratford (Goldfields Warden), ! Mr. McLaren (Mining Inspector), and about a score of gentlemen, we visited the mine, , and I pointed out the various works that the J company intend to prosecute, as soon as anything definite is arrived at regarding the process we shall adopt for the roduotion of the ore. The reef in the face of the drive is i about six feet wide, and the atopes are i producing very high grade ore; that in the i paddock being richer than any hitherto obtained. There is in view in tho stopas a i large amount of grand are, and I have i engaged men at Grahainstown to come up, in order to break out as much as possible before winter sets in. There are over 12 tons of first-class ore at Grahainstown, and two loads more on the way, and also about three loads ready for bagging. This latter is of extraordinary value, being nearly all of the appearance and similar in character to the samples forwarded to Dr. Hector and the Messrs. Vivians of Swansea. From 40 to 50 tons of smalls are now in the paddock, the value of which may be anything between £15 and £30 per tou. Much of the smalls cannot be separated from the crumbly matter, and some of the former are nice specimens of our best ore, while the latter gives a prospect of free gold to warrant its being carefully stored." Most of the visitors were allowed to take away samples of ore for assay purposes, and tho Minister of Mines expressed himself in terms of gratification at the prospects of the company's holding. Cambria. — Mr. R. McDonald Scott received the following telegram yesterday from the mine manager being the result of the fortnight's crushing :—" 113 loads quartz crushed for 200ozs gold ; 3331bs specimens ' crushed for STOozs retorted gold," Total, 5700z3.