INDEPENDENT.

Inangahua Times, Issue 22, 22 November 1878, Page 2

INDEPENDENT.

Tho fact of striking tho wostorn reef in this company's jnter.ncdiato levol, eighty feet from the ICnergotie bonndnry ; and further, thnt it has bcon cross-cut for four loot without coming to tho hanging wall, nnd thnt it carries good gold, should bo gratifying intelligence for tho shareholdora who have pinned their faith, nnd stuck to this, ono of tho oldoat, nnd ap to tho pro»ent time, undoubtedly ono of tho most unremunerntive olnima in tho locality. jSut judging from tho turn of evenla novr taking plnco in connection with tho mine, th« reward of their steady porsovcrnnco nnd patient outlay cannot bo far distant, although a long! honed period must evonlunlly elapso b»foro they nro fully recouped. Yot thnt «ucU will cventunlly tako plnce, when the rcsourcf|S of their property nrc taken into consideration thero is very littlo lo doubt. Tho oponinu; up of tho uiino hns cost some^ thing like £7000 sterling, tho outlny being principally for labor, Tha limo elapsing since operations fi.*st commouood is nbout soven ye<irß, four of this hns bcon ocem pied almost incessently night and dny on the prcsonl level, and two moro months at ; lenst will bo required before tho work is completed. To ropresant tho latter pnrt of this limo and enpitnl, tho company havo had two slm ft s Mink on ns many different roofs to a depth of 150 feet canb, tboso woro tho first constructed in connection wilh tho levol, nnd the prospects taken therefrom being of a Ftiflieiontly satiifac* tory nnluro they next determined on piercing tho hill with a tunnel from tho south side facing tho Innngnhua river. Tho lonulh of this innnol is closo on 000 (not and it represents tho combined Inhor of six men for iiftoen months, working in shifts night nnd dny. Since tho tunnel has been finishod nnJ connected with tho shaft on tho wostern reef, throo diiferoflt contracts havo been lot, ono for driving tlio intermediate lorol whero tho lodo, ns already stated, bus boon met with, one for constructing a shoot nnd tramway for conducting qunrtz to tho machine und tho third for forming a shaft to bo used for niling-in purposes ; tho whole of iheso vrorks aro expeoted to be completed by tho first of January from which dato it is anticipated that n sufficient quantity of quartz can bo tuken from tho mino to employ a fif: eon head battery constantly.