THE GOLDFIELDS.

Auckland Star, Volume XXXVI, Issue 39, 15 February 1905, Page 2

THE GOLDFIELDS.

ON 'CHANGE. Waiotabi shares advanced in price to-day on "Change. At the morning call 15/ was the best offer, but by noon sales were made at 17/ and 17/6, and after that higher rates could have been obtained. A satisfactory report elsewhere probably explains the riseWaihi shares were a shade firmer, being sold at 137/, with further buyers at sixpence under that price. Talisman Consolidated shares were agair in request at 9/3, and Grand Junctions at 75/. Eclipse shares did not advanc* upon the excellent crushing, the best buying price being still 1/9. Moanataiari shares were still in demand at 3/, thus maintaining the advance noted yesterday. In Standard lines, 113/ was offered for Bank of New Zealand shares, but no sellers quoted. Thames Gas shares were firmer, being wanted at 33/, and buyers of Colonial Sugar advanced to £38 10/.

TALISMAN CONSOLIDATED. The following cable was forwarded to tie Talisman Consolidated, Ltd., London, on the 13th inst.: "No. 8 level, south, 1115 feet; No. 11 level, 384 feet. Reef wider than drive, and average value of assays 7/. Shaft is down 208 feet. Average value of assays £ 1 10/." NEW ECLIPSE RETURN. The return from the treatment of 146 tons of ore won from the New Eclipse mine, Tararu, was posted on the Exchange to-day, and was a very satisfactory one. The telegram waa as follows: "Crashed 146 tons for 346 ozs. of melted gold, value £1001. THAMES DRAINAGE. (By Telegraph.—Own Correspondent.) THAMES, this day. The work of overhauling , the Thames- ' Hauraki pumping plant is being proceeded with under the supervision of Engineer Wilson. Steam was got up in the boilers, and the plant should •commence pumping operations very soon. At the lust meeting of the Thames Drainage Board it was decided to take the pumps on three months trial with a view to accepting the offer of the Minister of Mines to hand over the pump to the Board. i — ■ MINE MANAGERS , REPORTS. W.aihi Extended.—There is nothing particular to mention. The contractors are still making good headway. The country that is being penetrated is of a. good firm sandstone, and of a kiuUiy description for lode system. It would not surprise mc lv the least if a quartz >>ody would be intersected while sinking is in progress, judgIng by the appearauceof the country rows, although I am not expecting such foi some time jet. Waiotahi.—The manager reports during the past week the principal work In progress hus been the staking of the winze, which is now down a depth ot 13ft. Breaking down was commenced on Friday, and as wired on Saturday, 801b of picked stone were secured. In taking down the reef an arch of qunrtz nbout 4ft In depth has been left at the toy, so as not to weaken tho collar of the winze; below this_the reef lias been broken down for about 6ft. The reef is still carrying good mineral Indications, the b:iml of mineral being about 2ft in thickness. Dabs and colours of gold are still showing in the bottom. The gas has Interfered and prevented work In tue winze, but the manager expects to overcome this difficulty In it day or two by bringing in a supply of air from the shaft. As soon as this is accomplished, he proposes sinking us far as possible. The haiiKingwall portion going west has now been taken out for about 9ft in height. Tbf battery is now running two shifts oil general qunrtz, which is highly payable. New Clitelmsford.—The mine manager reports for the fortnight ending 11th in»t., that the block of ground in hand is developing satisfactorily, and producing plenty of good average crushing dirt. Tho "new stamper, shanks, etc., are now being delivered tit the buttery, and I expect to resume crushing in about 10 days, when good returns may be expected. May Queen Extended.—Development operations in the mine during the past week have been carried on with very goorl rescults. The ore coming to hand from No. 2 reef is of a highly payable character, stioug colours being seen In the quartz. The east drive on No. 2 reef has been extended a further distance of lift. Tile reef averages 2ft In thicknss, and is encased in a good class of sandstone. A reef formation about one foot in thickness was cut on tihe 10th in the eastern drive This may prove to be No. 3 reef. No. 3 stopes east and west on No. 2 reef have extended 27ft. The reef averages In thickness from one to thiee feet In thickness. "When the eastern and western drives are connected a large block of ground will be available for stoping. The directors wired this morning to the manager to ascertain if there was any cause for the fall in the price of shares. The following reply was received: "No change, reef looks well. Strong colouis of gold." It may be mentioned that a survey was taken a fort- . night to prove that the workings are all i within the company's own ground.