MINING NEWS.

New Zealand Mail, Issue 976, 14 November 1890, Page 12

MINING NEWS.

A NEW RUSH. (PER PRESS ASSOCIATION.) Hokitika, November 7. News has reached town that good gold has been struck in Back Creek. The prospectors have driven seven feet through wash giving 15dwt to the load, and have not bottomed yet. Over 100 men are on the ground, and there is great excitement in tOWD. Later. The new rush at Back Creek, near Rimu, is 1700 ft from the edge of the terrace. The sinking is in 45ft, with a wash of 6ft. The yield is about loz to the load, with easy sinking, Tho ground requires timbering. It is believed to extend a considerable distance, but the extent is not yet proved. The country is pegged out all round. There is groat excitement at Rimu. The Woodstock miners believe that a large extent of ground will be opened np, Greymouth, November 9. The first week’s export of coal since the strike, of any considerable quantity, is 1449 tons. Westport, November 8. The output of coal at the mines here for the last week is nearly three thousand tons. (from our own correspondent.) Reefton, November 6. Alpine cleaned up with a result of 3280 z of retorted gold from 755 tons of stone. Reefton, November 8. Quotations. —Big River, 5s 8d to 6s; Cumberland, 2s 6d to 2s 9d ; Globe, 18s ba to 19a 3d ; Hercules, la 9d to 2s 3d ; Wealths, 4s to 4s 6d. , _ Sellers. Argosy, 6d ; Exchange, 74 Golden Lead, 11s 9d ; Inkermau, 18s da, Dark, 10s 6d ; Progress, 28s ; Alpine, 2bs. Returns.—Globe, 3420 z of amalgam from 170 tons ; Inkerman, 158 oz from 90 f° n ®> Progress, 360ez from plates; Keep-it-Dark, 208 oz from 180 tons. Dividends.—Alpine, 6d. . , Reports. very prominent. About 100 tons of stone in hand. The north stopes are looking we, l with a good sized reef in each face ; 14Sfc 0 stoping for the week. . Remarks.—Business is very quiet. A weather continues rough, with heavy n storms.