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MESLUG UmLLIQINOK.
The Tblegbafh Pbospectino Mining Cox
past.— A meeting of this Northern Territory
venture was held at White's Arbitration Room
on Thursday afternoon, September 24. There
viv*u «v ^movua uigocubf auu jju. jj. in.
Bagot predded. The Chairman explained
that the object was to meet the Committee
formerly appointed to take stops towards pur
chasing the lease and plant of the Company
when they were offered at auction by
the Liquidator. Messrs. Cullen & Wigley had
prepared an agreement empowering those share
holders who signed it, and the Trustees, Mesas.
B. M. Bagot, K T. Smith, and P. Levi, to pur
chase the property, if sold at a fair price, each
share not to exceed £25 liability. As already
announced, the sale was to take place
in the middle of October. Mr. Cullen stated
that a telegram had been received by
the Liquidator, intimating that the working
expenses in the Northern Territory now
amounted to £16 per week, of which £8 was the
cost of the coolies. Hu understood that when
the Company was reorganized in the way pro
posed the weekly expenses would not exceed
£20. As had been reported by telegram
in the Regiiter that morning, the men on the
mine had obtained 54 oz. of gold on tribute.
This shewed the value of the property. The
present expenses would have to be defrayed by
the old Company now in course of liquidation.
Fifteen shareholders signed for 30 shares, acd
the agreement is to continue open for signature.
Further proceedings are to be determined at a
future meeting.
Reefing.— We are informed that prospecting
has been carried on east of Mount Barker, and
gold found on Mr. Webber's section, which he
purposes opening up as soon as possible. Mr. J.
Patterson has told several people that he has
found gold in the quartz. A large reef on the
next section belonging to Mr. E. Hender is now
being tried by prospectors. A shaft has been
sunk about 15 feet through a solid body of
quartz, but none of the precious metal has
appeared yet. A gossan lode carrying copper
has been cut. There are said to be several good
looking reefs in the neighbourhood, but being
on private property the progress of prospectors
is retarded.
Thk Kakgaboo.— Capt. Barrington wrote on
September 23:—' I have changed the course of
the level, and am driving south from the present
end in the level west of the shaft. As I said in
my last, the lay of the ground has changed so
suddenly from dipping east to the opposite way,
and by carrying on the level as I had been doing
I should make a long leg of it, so I altered the
course southward, and am most happy to say
that I believe I am not far away from a large
lode of quartz, for I have cut two more leaders
—in addition t;- the three previously reported—
this week in I'.e bottom of the level. From
the dip of thtse leaders H is believed that they
will be found to be a continuation of those
formerly cut in the winze, and if so the supposi
tion that they form the tnw reef wui be
verified.
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