COROMANDEL.

New Zealand Graphic, Volume XV, Issue XX, 16 November 1895, Page 620

COROMANDEL.

TOKATEA. At the No. 1 level in this mine a winze was sunk 20 feet on the reef in order to teat it. The lode at first was small, and did not show much gold, but it has now widened out to a foot. On Thursday a breaking down took place in Captain Hodge's presence, with the result that 10 ba of good picked atone were obtained. Water is now coming strongly, and some temporary method will be required to keep it down, so us to carry the winze a little deeper. Then ten tons will be taken out and crushed, after which operations here will be suspended, pending the erection of suitable machinery. BUNKER’S HILL. Operations in this mine are being watched with keen interest owing to the fact that the drive ia approaching the point at which the manager expects to cut the reef which has yielded such aplended returns in the Hauraki mine. The winding machinery for thia mine lias arrived by scow, and will be placed in position as soon as possible. Some 35.b5. of good ore was

obtained on Thursday from 'No. I reef, which showed blotches of gold, but not good enough to be classed as specimens. PEVERIL. The following cable was received from London on Friday : —• The prospectus of the Peveril Goldmining Company, Hauraki district, with a capital of £70,000 is being issued, 20,000 shares being offered to the pubic.' NEW HAURAKI. Rich ore was found this week in the Success portion of the New Hauraki Company’s ground in a strong lode which is heavily charged with oxide of iron at a depth of 200 ft from the surface. The quartz is small and rubbly, but the gold is coarse and rich. Similar specimens have also been found on the 150 ft level.