Messrs Frank Gordon and S. W. Bell, of San Francisco, are in receipt of a letter from E. L. Baker, U.S. Consul at Buenos Ayres, giving information about the recently discovered goldfields of Lower Patagonia. Very little had been accomplished at the new diggings for the reason that the Government placed a military guard over the coveted land and had driven out all who were working. Subsequently, however, several thousand claims were disposed of to about 200 persons, but it is said that two parties, Messrs Nield and Co., and Lezarna and Co, own the best ground. As to the value of the goldfields there was a diversity of opinion, some claiming that the reports were greatly exaggerated, and that persons who go there will be disappointed. The diggings are located at the extreme south-eastern point of Patagonia, the new boundary line between the Argentine Republic and Chili running through them. The locality is inaccessible, the best route being by Liverpool and Pacific steamer to Sandy Point, thence by trail 150 miles to Cape Virgenes. Mr Baker says: "I would not advise anyone to go there yet. Indeed, if it proves that there is gold at Cape Virgenes it must be washings from the Andes mountains, and that still farther inward it must be discovered in larger quantities." Parties are prospecting the gulches nearer to the mountains.