MURRAY CREEK.

Inangahua Times, Volume II, Issue II, 28 March 1881, Page 2

MURRAY CREEK.

Saturday, March 26. We have already sufficient evidence to strongly support tbe opinion expressed in in these columns some six months ago that the yield of gold from the Inanga* hua reefs duting the current year would exceed that of any similar period since the opening of the field, and at the pres* ||nt rate of increase it is more than probs Hie, that our prdduct for the current year will even top the 5 most prolific years of the Thames'Goldfields. One may look far for each returns as have lately been obtained from mining in this district, and although the Inangabu* has often been spoken of in derision as • the Bendigo of New Zealand,' it would really seem that after all the comparison is not reallvso far-fetched as it was at one time thought to be. • The past week closed with a very confident feeling in mining circles. The unt expecledly high average obtained by tbe Golden Treasnre Campany, Murray Creek, has served to concentrate attention once more upon thajt, until lately, much neglected quarter of the Inangabua, and imparted a healthy hue to miring generally With the exception of the sensational return obtained by the Phoenix Company some four or five years ago, nothing has occurred $o more keenly re* vire interest in 'the 1 reefs in that direction than the return just to hand from the Treasure, and shouli the same good for* tune be maintained by successive crush* ings, much of the favor which is now absorbed by Boatman's will be brought nearer home. For this reason the future operations of the Golden Treasure will be watched with the closest interest, for ■the success of that mine really means the life>lease of Murray Creek generally. As the run of stone now being followed by the Treasure is trending northwards towards the line of the Lnw Level Tunnel, the shareholders in the hitter venture may derive some crumb of comfort from the reflection that they are not wholly uninterested in the fntnre of its development.. Summing up the view of the field generally there is much rea» son to be satisfied that with the advance of time the true worth of the field is steadily asserting' itself, and 'that stout* hearted enterprise is all that is needed to win for the Inangahua that high pre» eminence which has from the fmt been claimed for its reefs. The past week'a returns do not figure up so largely as the preceding one, . the Welcome since the holidays have not started crushing, so that its ponderous weight has not been thrown into the scale. Tbe following are the re* turns for the past week :— GOLDEN FLEECE, 262£0z. of amalgam from 132 tons of stone, (top plates.) GOLDEN TJIKASURE, 1770z 15 dwt of gold from 110 tons stone. UNITED ALPINE, 2Uoz amtigam from 160 tons s-tone (top places.)