MINING INTELLIGENCE.

Otago Witness, Issue 1502, 28 August 1880, Page 14

MINING INTELLIGENCE.

A telegram haa been received in town from the Arrow, stating that good gold has been struck in the Tipperary tunnel. Gold is visible all over the face, and the reef shows a good body of stone. The Upper Waikaia correspondent of the Tuapeka Times writeB :— " In a brief review of the season's working, I may premise that the amount of gold obtained has not been great, but it would have been considerably augmented had the river remained low a few weeks longer, as several parties who had not obtained much gold at the commencement of the season, having been engaged opening up, &c, were, when the river rose, on very good gold— notably, Coagrove and party, "Vernon'a No. 3 claim, and a party of Chinese. This party of Chinese have sold out, and are off to China with their pile. They are the third party who have made their pile in the same claim. They have been getting as high as 50oz to the paddock. The ground la shallow and easily wrought. Luminatti and party, who are prospecting a good distance from other workings on the river, have not been successful as yet. I confess that, after a quarter of a century's experience of goldmining, I am as far off as ever as to the divining rod for the discovery of gold. There is a party with the virtues necessary for successful mining— sober, industrious, and any amount of persevorence — working systematically on a likely-looking part of the river, Btill they lack the moßt necessary something, wbioh until the divining rod, philosopher's stone, or other phantasm proves trae, we must continue to call ' luck " i We take the following items from the Westorn Star :— " The work of proving Printz's I claim is being pushed on vigorously, and stone is now rapidly accumulating for next crushing, The reef has been sunk upon to a depth of 60ft below the low-level adit, and the hands are now opening out from that level. The shaft is 6ft by 3ift, and with three shifts was put down in a fortnight. The air was very bad, and a contrivance for securing ventilation had to be rigged up. The stone is much harder and the reef better defined as it is sunk upon, and it ia anticipated that a much better result will be obtained from the next milling. The manager does not intend to commence crushing again until there is a good body of stone ready to operate upon,— At |a meeting of phwe-

holders in the Arethusa (Port'B) claim on Saturday, it was resolved to fßgister the Company tinder the Mining Companies Act. The capital of the company is L 13,600, in 13,500 shares of LI each, 5a paid up. The promoters retain two-thirds the entire number of shares ; the balance, 4500, will be offered to the public. The formation of the company has been entrusted to Mr J. Lyle, mining agent, who has also been appointed legal manager. Considering the prospects of this claim, which, unlike many that have been put into companies, has been proved to contain a well-defined gold-bearing reef, the terms upon which one-third of the shares are offered to the public are very favourable, and will not be long on the broker's hands. The fact, too, that the promoters retain two-thitds of the interest, subject to the same terms as those put into the market, shows the confidence they have in the bona fides of the concern.— The engine and pumping gear for the Geelong claim are nearly ready for work, and it is expected that steam will be got up in a day or two."