TAIRUA GOLDFIELD.

Thames Advertiser, Volume VIII, Issue 2199, 15 November 1875, Page 3

TAIRUA GOLDFIELD.

(FBOM OUB OWN COBBESPONDENT.) •' Nevesviue, Saturday, noon.' The Tairua Company* or prospectors',, oleanedup early this morning, and the result is 41|ozs. retorted gold from tons if stone. Considerable' time has been lost" this last week through the scarcity of water, which- has also prevented the J - berdari from working, so thjtt there is j upwards ol half a ton of blanketings and ! headings from the' above stone which remains to be treated. This, if completed, would have pulled up_ the returnabovethe average yield I predicted this day week. The lasi batch of stone to' complete the 100 tons contracted for by Mr Ferguson was sent to the mill this afternoon, and with that already in the mill paddock, there must be over a week's run for.the mill to operate upon. Already, it f is evident that the average yield for the lot will be good, over 2ozs per ton; nevertheless, it has disappointed everyone, as the dirt from the shaft is more limited than at first imagined., It is satisfactory w to know that the big. face is good " stuff, as the laßt few weeks testify, and with larger crushing : power, and more economical, mode of getting 1 it to the battery, there is no question but that the thousands .of tons thereabouts will give a good account of itself at no distant day. If the~Tbames people would only con- ' sider the respective measurement of a -Tairua tori with one of their own.it would be. seen that the average yield per ton recently Bent from. here would prove equal; if not,superior, to any' large body",of stone that is being worked cn'lthe "/Tbameß. The average yield recently .obtained opens an important question which will no : doubt receiveJhe attention of the directors, that is, 'is it, profitable to keep the " toy battery", at work, ■ when such a "small quantity can onlj.be reduced, coupled with the freight being so very high?; I have gone carefully into the question, the number .of men:employed, &c., &o, and find that it ' leaves no margin of profit, and that in tho opinion of many who have also studied the question it would, be far-better to close up' the mill, . reduce: the' staff of hands •on the mine, and devote all ' the • power of -' the - company to forwarding the erection of the new battery and tramway.; Mr Beeohe ; yesterday afternoon sent: ia bis resignation to the directors. :.v\ i ■':, .;.=