The prospectors, M'Millan and Co,, have sunk two shafts to a depth of about 30ft, and are now bii3y despatching a trial parcel of stone I'rom each to M'Queen and Co.'s battery in Dunedin, for further test prior to erecting machinery of their own. The " Syndicate " have sunk a shaft to a. depth of 50ft, at the bottom of which the reef is 9in wide, carrying gold. They have partly suspended operations, owiug to ths fact that they are floating a company, to enable them to go to work on a more extended scale. A shaft is being sunk ou the nest Hue in tho isason claim by Orossan and Co., who appear to bo going to work in a very systematic and proper manner. The Crceaus, Hibernia, uuil Old Ireland have been well prospected since my last, and splendid prospects have resulted in all the places opened, the reef haviug a general average width of 2Jf t. These companies have combined and pur chased a battery at Hindon, which will be immediately removed to tho Nccthorn creek. Tiny appear to have abandoned the tho idea of sending a trial sample to Dunedin for reduction ; indeed the etoue needs no trial to convince anyone of its value Shares in these companies rule very high, and I expect when the crushing plant gets to work it will re quire a Croesus to purchase ons. Ashby and Co. and Ktnuy and Co., on the same line, to the westward, are also on excellent gold. On the Break o' Day little is beiug done at present: the company are awaiting the arrival of a windlass and other plant. They purpose putting down a Bhaf t to a good depth on the rich shoot of gold already discovered. Further to the south, a quarter of a mile from the Crcesus Hue, a new and valuable discovery has been made—which may be called the Victoria line. In the claim of that name splendid stone has been discovered, the width of the reef being about 2ft, and apparently widening. This line has been marked ofi for a mile and a-half. 