Friday October 8th, 1899
COBAR.
(From the Herald.)
During the week Cobar has been visited by
Mr. A. E. Bubbs, secretary of tho Anglo-
Australian Exploration, Ltd. A represent-
ative of the Cobar "Herald" interviewed him
regarding the intentions of the company he
represented. This body has leases at Mount
Boppy, and on Monday Mr. Bubbs secured
suspension on these claims until January 1st.
There are four shafts on the property, one
being down to 200ft. Tho reef is 10ft wide at
north end, and has been proved for a distance
of 900 ft. The assay value is from 14dwts to
15dwts. The company has 35,000 tons of ore
of above value already developed. At the
south end a very large quantity of ore has been
developed, but it is not as good as at the north
end. However, this formation is not at present
taken much into consideration. The company
will probably work it in with the richer ore at
the north end. The main central winding
shaft will be sunk to a depth of 300ft. Drives
will be put in at the various levels to provide
for stopping operations. Tho company is raising
£300,000 actual cash for development work on
the property. They intend to take over the
Gallymont Co's. 40 head mill and remove it to
Mount Boppy. The Gallymont Co. are accept-
ing shares in the new company in consideration
for the plant and machinery, which of course
leaves the £30,000 to develop the mine. It will
be probably added to, the stamper power being
raised to 60 head. It is also intended to erect
a complete cyanide plant on the ground.
Provision has been made to provide the new
company with a large dam of water. It is
expected that the company will commence
operations in the early part of January next.
This will mean another large mining concern,
and shows that the oft-predicted prosperity for
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