Our Gold deposits of Victoria, then, are not the products of washings from distant rocks, but of certain friable metalliferous rocks, which gradually wearing away unfold their treasures; and the gold itself is a sort of crystallization or growth in ferruginous crystalline formations, acting under regular, though at present unknown laws. _Our rocks are at this moment producing gold._ The metal is found on the tops of hills and in all possible situations. We never are sure where to drop on it. All we see is that _where it is, there it is_. In some gullies the sides of the hills are not favorable; in others they are. Long Gully, Bendigo, received a return of visitors, after being _wrought out_, to have the hills ransacked. Then, with regard to the Pipe clay, the gold is in it, on it, or under it, according to the locality; that is, according to the period when the metal was formed, and rolled off from the parent rock, whether before, or after, or during the development of the decomposed felspar. Some men who came down to pipe clay in a certain gully found no gold, and retired. Another party pierced through the white floor, and brought up the wealth. In Californian gully more than six feet of it contained gold. The pipe clay varies much in depth, from an inch to forty feet. Occasionally, as in the shallow, lucky, holes of Peg Leg Gully, there is no pipe clay at all. The character of the gold changes according to the locality in which the transmuting agency has been more or less active. The lumps, however, are not larger in proportion to proximity to some matrix, as supposed, or when nearer to the volcano, which others think threw out the lovely, weighty, cinders. Notwithstanding all this uncertainty which exists as to the whereabouts of gold, I believe that with the progress of science it will be quite possible at once to know the precise place in which to discover the hidden beauties. O the delicious yellow crystals! Who does not love to view them, whether in the form of fibres, scales, or nuggets! The poet well may sing; Or 'midst the darksome wonders Which earth’s vast caves conceal, Where subterranean thunders The miner’s path reveal; Where bright in matchless lustre, The lithal flowers (_crystals_) unfold, And 'midst the beauteous cluster, Beams efflorescent Gold. [ADVERTISEMENT.] NOTICE TO GOLD DIGGERS.