MARUIA.

Inangahua Times, Volume II, Issue II, 5 December 1881, Page 2

MARUIA.

The proposal to form a company to worl

this lease is meeting with very general res f pOnse, and the shares should be all placed a i any early date. The property certainly offers an opening for investment second tc none in the field, as there are no less that seven known runs of stone in the ground several of which carry highly payable gold About 50 feet below the leader from whicl the last crushing was taken are three distinc k reefs— two of 3 feet in thickness, and one o • 6 feet, running about north and south, witl - a westerly underlay. These have never beer ' prospeoted. although they carry a little gol( , which may improve on the stone being drivei 3 on. Tbeie are also several more or les r payable leaders which have as yet had littl , or nothing done to them. It is proposed t< , put in a tunnel a little below the outcrop o r these resfs, with the*view of intersecting an( i testing them some distance in — probably 151 l feet. This will give about 150 feet of back to the surface. Another level can then b taken iv from the Little Wonder tramway which will give an additional 250 feet o back*. These levels will also intersect th 1 various leaders running through the ground With such prospects in view there is littl doubt that the whole of the shares will b 5 rapidly applied lor. and we may expect ti 1 see the company in full swing in a very shor < time.