THE LYELL REEFS.

Westport Times, Volume IV, Issue 651, 28 April 1870, Page 2

THE LYELL REEFS.

Mr Wylde who has jnst returned from the above reefs has kindly furnished us with further particulars. The prospecting party, Antonio Zala and party, have struck two reefs of great thickness in driving through their tunnel. Gold is visible in every piece of stone taken up, and also in the mullock which forms the casing of the reef. Until crushed the amount per ton yielded of the precious metal cannot bo specified, but the lowest estimate fixes it at not less than 20 ozs to the tou. Several leaders cropping up on the surface of the claim are very rich. Specimens brought down show gold throughout the stone and casing. The adjoining claims both to north and south have also struck gold on the boundaries of the prospectors' claim. The reefs or leaders are cut through by Zala's tunnel at from 200 to 300 feet below the surface, and being exposed on the surface it proves equally rich there. Here is, of course a very large quantity of stone proved to be payable in a high degree. AVe understand that arrangements have been made for the formation of a company for the purpose of procuring crushing machinery at once ; and that the necessary funds have already been obtained, pending the formation of the company. So that not a day's delay may take place in commencing operations. A large amount of work has already been done by Zala and party, and they have undertaken to hand over one half their interest in the claim to the company which will be formed at once.