KEEP IT DARK.

Inangahua Times, Volume IV, Issue 18, 21 May 1877, Page 2

KEEP IT DARK.

To say that this mine continues to improve from day to day will scarcely convey an idea to distant shareholders of the promising aspect which the whole of the workings present, and although shares continue to advance, the latest quotation being 8s 6d, it may certainly be asserted the above sum is considerably below the intrinsic value. Two weeks ago the face on the main level disclosed niuo feet of a fino solid lode, and had bo-n driven on for a distance of 80 feet. The last report stated that another slab of stone was making into the hanging wall. Since then operations have been continued in that direction, with a result so eminently succeeju! that 20 feet of a face of clean solid quartz is now exposed, and in sonfb parts of it tho stoao carries esy ceptionally good gold. In a perpendicular lino from the present face the distance would be 160 feet, ami there is no telling how much further the lode will continue in length. Fifteen stamps ore kept constantly goinß from tho stupes en tho other branch, but in the course of a short time the manager will be in a position to ofcupy the remaining five. Altiiou;; 1 ! it cannot bo said that tho repectire returns from each crushing have pro* duct'd ii yiold of rscepUoual richness, the .'fnpral pppcaviinoc of t.lio wii<? 's> 'iivei'ij^ie*** Laid, as to lea7o -0 doubt :u tLc '

minds of our l>cst experienced mon that it mast give handsome returns, and when tlio small liabilities incurred in constructing works for permanent operation have boon relir-quishccl, regular dividends will bo declared for a considerable time to come. TULOAN. A contract has been let to extend the tunnel across country 600 feet with tho expectation of intersecting two different blocks of stone believed to exist, according to indications from the upper lerel workings.