TUAPEKA MINING NOTES.

New Zealand Tablet, Volume XVI, Issue 10, 29 June 1888, Page 19

TUAPEKA MINING NOTES.

(From an occasional Correspondent.)

The latest thing in mining undertakings is the floating of the Wetberstones Flat into a company, the preliminary steps having already been taken. Mr. Perry, a well-known mining expert, with a good Victorian connection, has uken the matter in hand ; and he has bad tbe ground pegged out and lodged in his application at the Warden's Court. There is a good area of ground, all of which has been worked at one lime or another, some of it, in fact, twice over, but in such a way as to lead to the conviction that if worked on a proper system, such as that in force at the Blue Spur, with perfect gold-saving appliances, a payable quantity of gold may yet be taken out of it. The Chimmen, who hold two or three claims on the ft<*t, have taken a good bit of gold out of it lately ; and a party of Eoro-p-ans, who recently pegged off a claim, are said to be doing fairly well. It will be a good thing for this place if the Wetherstones Plat does become once more the scene of active mining operations, and employment is afforded to many of those miners residiag in the vicinity who have not ha 1 much to do of late years. I told you, in my last, that Captain Pearse was going Home to float the Waipori qaartz claims. The same gentleman has also undertaken to float a company among Melbourne capitalists to take up that portion of the Waipori alluvial flat aijoiafng the Prospecting Company's ground. A great deal will depend on the success or otherwise of the operations now being carried on by the latter company. By the way, I learn that the Prospecting Company (Ducedin capitalists mainly) are meeting with considerable difficulty in staking their shafts, the thick layers of clay occasionally met with being extremely hard to penetrate. The cylinders can be sunk easily enough in shingly ground, but a large stone, or any bard subatancs, brings them to a standstill. However, I believe the contractor will be successful in thoroughly testing the ground by the preseut process, obstacles notwithstanding. Tbe owners of the claims at Roxburgh, which were included in the proposed Hercules Company bare determined not to re it content with their recent unsuccessful attempt to form them into a company. Another effort is to be made to float t em under altered, and, I might say, more favourable conditions. The owners ara now agreeable to wait for the cash payment until the money is made out of the mines. I think this i-t fair enough, as if the company don't make tbe Money they won't have to pay it. A better proof of tbe soundness of the affair could not be given; and there can hardly be any doubt that under these conditions, the vendors will be mor<s successful than heretofore. From all accounts Mr. Vincent Pyke'a mission tj Melbourne, insofar as it reteired to the Roxburgh Ease claims has been a failure. Mr. Pyke was very confident uf success, but somehow the Melbourne capitalists did not take kindly to his overtures. Perhaps like King Bruce's spider he may try, and try again, until he finally succeeds.