Notes from Southland.

Otago Witness, Issue 2319, 11 August 1898, Page 19

Notes from Southland.

(From Our Own Correspondent.)

Invercargiix, July 30.

Considerable excitement was experienced in Invercargill on Friday owing to the anival of a cutter from Preservation Inlet with the news that a 3ft reef, showing gold freely through the stone, had been struck in the Golden Site Extended claim. The reef is said to be making south, aud is well defined. A shares, which had been previously selling at 2e 6d, are now changing hands at 4s, and there is every probability £f their soon reaching the paid up limit— viz, J7s 6d— if the trial crushing of the stone assays as well as expected. The report from the Morning Star mine is highly satisfactory, and a record cake ia expected up next week. A £1 shares, fully paid, which have been selling at 93, are now up to 10s (id, with advancing market, and they should soon be at par again. The new manager (Mr P. J. Kcain, from Auckland) proceeds to take charge of the mine in place of Mr Davis, who has resigned, and it is expected under the new management good cakes of gold will be the order of the day. The Sunrise Company have not been able to do much in the working of the new reef, owing to the flow of water not yet having subsided, but the specimens from the reef show excellent gold.

THE WATAU. Iho Rowalian claim is stated to have stiuck the lead of gold, and men are now opening it out, when it is expected that in a few weeks returns of gold will be coming in to the credit of the shareholders. The Belmont Company are pushing on thendredge, and are only waitirjg for the weather to gettle, when the construction of the pontoon will be put in hand. It is btated that an excellent deposit, or run, of gold is known to exist on the wocerty.