Owens River.— This mining recioo is connected with Los At .gties i y a good wa^on road. The News says : “ An Indian Reservation is to be established at Mono Lake. upon which the Indians v\ ;i! be immediately settled :thus giving np the Owen s valley entirely tthe while settlers, and where in future, tbevmay peaceably follow the pursuits of fannin-: and mining without fear of b.ing molested or driven from the valley. The military post is to be located at Oak Creek, a pointselected a ad designated by Col. Evans, Lr itsmilitary advantages, healthful situation, Ac., and one which is. we learn, central to a verv extensive region of future wealth to California.