This party comprises Hearn, Ansell, Boyd, and White, who were actively engaged sinking a shaft, surrounded by sixteen others who ' bad pegged out adjoining claims, and were anxious to ascertain Hearn's prospects. On Saturday night this party had sank 47 feet, and when our reporter was present at noon yesterday the depth waa slightly over 50ft. They expect to bottom the shaft about Thursday or Friday next. This party are already double banned, five or six claims having been pegged off since Friday last. The news was not long in tra velling in a northern direction, for while wo were present a party of three, Isbester and party, who had recently been working on the Seventeen Mile beach, reached the ground and immediately pegged off the fourth claim in a wes'crly direction from Ucarn and party. .The claimholders closer adjoining arc, Roberts and party, who have just commenced to sink, John the Greek, who sank some distance and corning on a heavy boulder, had decided to commence another shaft, Blundell and party, Russian Charlie, Charles Collier and ths Greymouth party just referred to. On our return we met one or two swaggers evidently bcut on spying out for them selves the richness or the nakedness of the land. Hearn and party describe the sinking as easy, with little or no slabbing required in tho shaft, and so far they have not been troubled with foul air. They reckon upon bottoming at a depth of 60 or 70 feet. At this early period of the workings, it is of course premature to hazard the least opinion as to the extent of ground available for raining purposes, but should the claims now at work be proved to be auriferous aud payable, there is a great probability of the iead being followed for a considerable distance, as the country is similar and unbroken for two or three miles. Returning to the terrace claims, we may mention the state of progress of one or two more of them, Bryers and Jackson starred about fourteen days ago, are in over 200 feet, and expect to have 600 feet more to drive before meeting with wash. Bourke and party have driven 250 feet and expect to get gold at 300 feet. Hugh O'raig and party are in 230 feet and expect to have to drive 450 feet. 