THE WEEK.

Inangahua Times, Volume II, Issue II, 7 March 1881, Page 2

THE WEEK.

Satubday, March 5. The chief event of the past week was the striking of what experienced judgment pronounces as a permanent and payable reef by the Golden Trensure Company, Murray Creek. As this event was not merely a haphazard occurrence, but one which was long predicted as a certainty, more than ordinary importance is attached to the discovery. Should, therefore, its development, in the course of the next few weeks, realise current expectations, one of the great riddles of Murray Creek will have been solved, and we may expect to find mining there raised to a condition of activity such as it has not yet seen. That a rich run of stone crosses the northern range rising from Murray Creek is beyond any doubt. Spine of the stone taken out of the Treasure feef two or three years ago was hardly inferior in richness to that of the Welcome, and whether the dis* covery.just made is a continuation of it will be shortly proved. The rush for new mining leases has shown very little abatement during the past week, and several fresh applications have been ad led. to the already long list. Up to the present time, however, Boatman's district has enjoyed a monopoly in this respect, if we may except one application by Mr T. Lee, for an area west of the Low Level Tunnel and north of Anderson's old shaft, but we shall hardly be suprised to see within a very short time a similar raid upon unoccupied ground in Murray Creek, Glancing at the fi?ld as a whole the outlook for the future is eminently encouraging, and there is more real reason to be satisfied with the prospects of the place than at any time during late years. The recent floods have to some extent interfered with the progress of crushing operations ; the Just-in vTi me, and Keep-it-Dark batteries having both been delayed by the bursting of beads races, but the damage thus occasioned has now been repaired, and to»day will probably see work generally resumed. The yields for the past week, were as under: — Welcome (interim cleaning) 6460zs amalgam from 100 tons (blankets | alone.) Golden Fleece Extended (interim) 2380zg amalgam from 136 tons. United Alpine (interim) 366 amalgam from 166 tons of stones.