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Notes from Greymouth. (From Our Own Correspondent.)

GREYMOUTH. August 11. The crushing plant at Blaekwater waS put through a trial on Saturday, when; everything worked smoothly. Regulaf crushing will be commenced to-day or to« morrow. A 2ft reef showing gold was struck <H

Saturday last in the St. George Extended | Prospecting Syndicate's area. The claim | lies, south of the Big River Company's Maim. A spar wheel operating one of the cages _ in the Big River mine was broken down , during the past week, and had to be oast ' ■side, but a new one from_the Despatch i (Foundry will replace it by Thursday or \ Friday next. Meanwhile there ia some ,' SnconVtaience in working the mine, but crushing will not be much interfered with Sbeyorid additional .expense having to be incurred in expenditure for overtime in .order to meet the emergency. August 16. The WorlcSop aredge is again to the fore imth * return of 1350z ldwt for 128 hours, (with excellent prospects ahead. In three Weeks this dredge has won nearly 400oz of gold, paid off an existing liability, and is now free of debt, so that a dividend to shareholders should be paid after next ' Saturday. Shares are in eager demand, land a couple of sales at 15s premium have Jbeen recorded during the past week. SPactolus No. 2 got 370z 15dwt for 130 hours, ■ind 1 No. 1 15oz sdwt for 119 hours. There ma »' fairly large attendance of {persons interested in the gold dredging i Sndustry in Messrs G. W. Moes and Co.'s salerooms yesterday morning, -when the firm auctioned, the claim and dredge known as Ajitomos, wliioh elicited considerable competition, "and was subsequently sold to Messrs Hessey and* Cameron, of Masterton, for -£440. The new. proprietors intend to go ahead with the work immediately the neces- I eary transfer is made, «nd,_ seeing that the .pontoons and machinery are all in thorough ■working order there will be no delay.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/OW19080819.2.123.5

Bibliographic details

Otago Witness, Issue 2840, 19 August 1908, Page 28

Word Count
321

Notes from Greymouth. (From Our Own Correspondent.) Otago Witness, Issue 2840, 19 August 1908, Page 28

Notes from Greymouth. (From Our Own Correspondent.) Otago Witness, Issue 2840, 19 August 1908, Page 28