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INTERCOLONIAL.

i . (lfVem our, Melbourne contempowriu.) -, „ . 'f - ' : -,' VICTORIA. V. ;> - „ 'j..\-jil The Stowell correspondent of the -Age, writ.. ' 'v. ing on the 25th ulfci sayg :— The official report* a ". received- from the. Pleasant Greek- Gross Js«efb : Company continue to be of a moat cheering nature, and indicating that in the reef now bW - . ;ng opened up in No. 1 shaft a highly import tant discovery has been made. The mining; ' manager intimated last week that "at the 112 ft feet level, No. 1 shaft, a shot was put into the xeef . The stone broken' oufcjearried splendidgold, but width of lode not yet known." Moihi ? day's official report stated :— " At the 1120 fee*-' *' level, No. 1 shaft, the men are engaged rising* i up on the reef receutly struck ; the atone eon*- ' tinues to show good gold, but there is a consider* .. ,' able quantity of mullock with it. There is riot* ■•' sign as yet of being through the reef." Since, then no official information has been receivedfrom the mine. ... Of, the other portions -of the -mine, it may be stated that in ' Nor 2 ahaft the the flat reef Na ;3eaat looks-well, igood gold being seen throughout the -stone. ; The vertual' '; atopes No. 3 north' are without change ; average | thickness of reef three feet,, the Btone being of- , * | fair quality. Several quantities of atone hare? ■- : , been carted to the mills, the results from which: *" : will be obtainable next week. 7 A. report .has been received by the Miniog, ' •'■ department from Mr H. B. Nicholas, inspector of mines at Sandhurst, which states that a. practical test was made at the Unity Company's* mine of Mr Matthew Barker's invention for signaling in mines by-means of 'the telephone The trial is said to have • been a successful one, and Mr Nicholas thinks that Mr Barker's invention would bean economic and valuable contrivance to adopt for underground, signalling paE- ' poses in connection ' with, mining claims. -, Messrs Lumbert and O'Brien, of the Go-Idea Bar, Ghiltern, report a crushing of 13 ton* efe quartz, yielding 3oa. sdwt. per t0n. ,. „ r _ . ' The Ohiltern\Valley mines,- yield of gold foe the past four,, weeks. .is 8740z. 12Jwt, M and thft mine still improving. The claim employs about , 140 -men. >■:; The ' second dividend/ only ' xjna- - '' > month apart, has been declared! 1 The Gariualdi claim, a large number of shares in various. New Ghum companies and two 4At> ' tagea, all In the estate of the late Clark Mage*, ! of New Cham, were submitted to auction at Sandhurst on Friday, the 14th November, it is thought at the instance of the .Bank of Victoria^. 'The bids (reached £15,000,; and. then stopped. This being under the reserve price, the whole was bought in. For tha Garibaldi claim itself £6600 was bid,. but it is reported that Mr Lao- « - • ■ mil is ready at any time to give £10,000 lor tk% mine. '. ' ,' . f" '-MKW SOOTH WALIS.", ,' • No. 6' South Lady Mary, at Gympie, have . cleaned Jip 108 ton* of stone for the extraordinary yMd of :£3170z. of »etorted gold. ... V i SpeOdngrf the Charters Towers reefs,- th» Northern^ner says :—" The. Brian O'Lyunl cleaaed up fforr r the last fortnight's crushing ;,«» 12|30z r .7dw^ being sor. 3d wt. l4grs to the tpn. j the preceding crushing, 10940z~ being 4ioz .to.' - ihd ton j ! , tiR; yield for the J month was ,2»7ba2F 7dwte',t>r abtwt £B\>oo a month gross yieia^. After deducting for working "expenses,': 'Mir- "Si StubJej, the principal shareholder, draws about dglOOo.;.»jiweek. This is «t princely iaconie^ and it ia likely to increase. Mr Stubley ha& ■ ' been singularly fortunate ia his mining ventures-, here."* 1

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/OW18791213.2.53

Bibliographic details

Otago Witness, Issue 1465, 13 December 1879, Page 19

Word Count
597

INTERCOLONIAL. Otago Witness, Issue 1465, 13 December 1879, Page 19

INTERCOLONIAL. Otago Witness, Issue 1465, 13 December 1879, Page 19

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