"1854-1890s. The Mines. The first auriferous quartz reef discovered was on a rise overlooking Tarrengower Creek, towards the lower end of Long Gully, In January 1854. Other reef discoveries quickly followed--The Eaglehawk, Bells and Beehive in 1854. Eaglehawk Reef. This reef was the most productive on the field. Many small claims were originally pegged along the reef with some phenomenal yields--one patch recording 15 kg/1 tonne of ore; 62 kg from a claim 3 m x 3 m, and 1 to 3kg per tonne being common from others. At the northern end of the reef, on Union Hill, several companies were formed and worked both the Eaglehawk and nearby Linscott’s Reef. The most successful was the Eaglehawk Union Company, whose yield is estimated at 5500 kg of gold from 100,000 tonne of ore. The Union Company was later formed and amalgamated these earlier workings, extending the workings to a depth of 400m, but very little appears to have been produced by this company and effective mining appears to have ceased by the late 1890s"
The Eaglehawk Reef and the Alliance South Reef will surprise us........They were barely scratched in the 1880's and now like the phoenix will arise from the ashes.
AGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
