GOLDEN BEACH CLAIM, ALEXANDRA.

Otago Witness, Issue 2268, 19 August 1897, Page 21

GOLDEN BEACH CLAIM, ALEXANDRA.

(By Oob. Special Refokter.l This claim is situated on the west bank of the Molyneux, near the township of Alexandra. The property consists of an area of some 105 acres of known auriferous ground, having a river fronts ge fully one mile in length. The original owners made laudable efforts to develop the claim by meant of hydraulic sluicing and elevating, but through not having a permanent supply of water at command, it was found next to impossible to proceed with the work of elevating with- any show to ultimate success. The owners are now taking the necessary steps to float the property into a limited liability company of 13,000 shares of £1 each, of which number the vendors reserve to themselves 7000 fully paidup shares, and are further to receive a cash sum of £275 to defray the costs incidental to flotation. The prospectus contains several reports from practical men, who are in every way capable of forming a pretty true estimate of this kind of mining property, and it is refreshing to note the absence of any kind of " puff "or palaver in those reports. I may say that I • have personally visited the. Golden Beach claim, and Mr Magnus (the manager) granted me every facility for an inspection of the lower and richest seam of wash in the property. This seam is fully 10ft thick, and rests upon a bottom of decomposed schist. The elevator workings have exposed this seam for a distance of 300 ft into the flat, and to far as it has been so exposed there has bceu no indication of the seam giving out, while the prospects of gold are astonishingly rich throughout the entire seam. The part immediately overlying the schist bottom yields from ldwt to 2dwt to the dish, while the remaining portion of the wash pans out from 6gr to 15gr to the dish. The river boundary to the property is being dredged with splendid results, and at some 20 paces distant from the elevator paddock the Moa dredge obtained £3910 2s 2d worth" of gold for about six months' dredging/ I have no hesitation in saying that a similarly successful career awaits the enterprise of tbe Golden Beach Company, which I hope to see in existence before long. — Dunstao Times.

Notes from Tuapeka.

(From Our Wetherstonks Correspondent.) Au&ust 16. — There has been very little mining done in this district during the last two weeks owing to the f roat. The Blue Spur could only get enough water to work two or three half days each week ; and the same remark will apply to the Local industry, Gabriel's Gully, and Mills' s claims, Munro's — all the water being frozen up. The Golden Rise is the only mine that has been working every day. The first week they were able to work 16 hours a day ; last week they managed 8 hours. If the frost continues, they will have to stop likewise, as the water in their dam is getting low. They will be washing down this week and shifting their elevator. Mr Adams, one of the partners in the Goldon Rise, has been at Tuapeka Mouth for a while past, < getting in working order a mine that he holds a • large interest in. j Mr Donlan, another partner in the Golden Rise, has applied for a mile of the Molyneux River above the junction of the Tuapeka River. I understand that the same part of the river has buen applied for before, the application being objected to, so the party who applied did not carry

his application any further. Mr Donlan told me that he intends to go through with it— that is, if there is any objection against granting the claim ; and if the claim is granted, he intends to put a powerful dredge on with all the latest improvements. The brothers Robertson have both their pontoons afloat at last. They are getting on very slowly ; so far as I know there are only the two brothers by themselves working at the dredge.

Notes from Wakatipn.

(From Our Own Correspondent.) Arrowtown, July 14.— The dredging boom is progressing merrily so -far as pegging off is concerned, but as the pegging off has now come to an end it is to be hoped that work will be started in earnest. Parties who to work their claims have ample time to make all preliminary arrangements by the time the long days and fine weather come in, to that their dredges might be afloat by Christmas or shortly after. The present winter has not been favourable to river-bed workers. Mild weather and occasional showers have kept the rivers at a high«r level than was to be expected. But the treasure is in safe keeping, ana- it is not likely that anybody will make off with >it till the next hard winter comes.

Notes from Lyell. (From Our Own Correspondent.) \ Lyhll, August 13.

Alpine Extended Company.— The following is the mine manager's report for the week ended yesterday :—": — " Since taking charge of the mine on Thursday, sth inst., I have made a thorough, inspection of all the workings, and found the mina in safe order and in a- good state of repair. 1 started to sink the north winze at the bottom of No. 9 level on Friday, the 6th inst., and havetince sunk a depth of Bft, making the total depth completed 105 ft. The reef has been very much broken during the week. Two feet of solid stone, how ever, came in from south end of the last night, but we have not yet broken into it, and I am therefore unable at present to judge as to its quality. Work was started in No. 10 level (Lyell Creek tunnel) on Monday last. From the crosscut to the south level a curve has been made in the drive in order to allow the trucks to- be hauled by a horse. Besides this 20ft of the old south level has been enlarged and new substantial timber put in. There still remains 25ft to retimber before the solid face is met. No tender having been accepted for the construction of the tramway from No. 10 level (Lyell Creek tunnel) to the battery I started to work yesterday by day labour."

Notes from Auckland. Auckland, Aueust 10.

The Royal Oak crushed 29 tons of general ore and 16001b of picked stone for 14310z melted bullion, of an appvoxirr ate value of £3500. The mine is still looking well August 11. The Shannon syndicate property at Tapu has been placed under offer to an English syndicate. Terms have been arranged by the representatives of the English syndicate and the present owners, and the necessary documents and Ljcwfc of splendid stone will be forwarded by the next Suez mail. A private letter received to-day from a prominent Auckland citizen interested in mining, now in London, states that though the market at present is depressed there will be a marked revival by October. The Victoria crushed <9 loads of quartz for 105jz gold. August 12. v With regard to the flotation of the Golden Opportunity Gold Mining Company's property, it has been arranged that an extension of time until the Ist April shall ( be granted, this being on account of the present unfavourable state ot the B orne market. In addition to £1500 in cash (£230 of which has already been forwarded), the vendors are to receive 30 per cent, of the shares in the new company, after deducting £15,009 for working capital. Information has been received from Home to the effect that there is ev=ry probability of the company being successfully floated before November. The negotiations for the sale of the Bucklersby property, which includes the Monarch of All, Premier, and Superb, are proceeding satisfac-. torily, and it is said there is every probability of the English syndicate interested taking the property over. The conditions are that the syndicate is to spend £1000 in developing the property before taking it over, and it is expected that the necessary amount will be raised withing the stipulated time. August 16. 12491b of specimen stone-has been got from the Royal Oak mine. This is the largest haul in breaking down ever got at Coromandel. If it should prove as rich as the previous haul of specimens it is estimated the yield will be ££000.