MINING.

Auckland Star, Volume LX, Issue 230, 28 September 1929, Page 4

MINING.

ALBURN IA COMPANY. HALF-YEARLY REPORT. MANAGER CONFIDENT. Features emphasised in the directors' [half-yearly, report on the Alburnia Goldmining Company's workings up to August 31 are:— • "That the hangingwall branch of the Orlando reef at its junction with the Success as on gold, and that twenty pounds of picked etone were obtained at the junction, and risi?.r: has been commenced at that point to a good block of country overhead that has never been worked. "The main Orlando lode from the crosscut has been extended 196 ft and has ehowo colours of gold for the full distance. It is now about under the rune of gold formerly worked in the upper levels of the Calliope section. This level has thus proved that the gold ie living down and we have unworkod backs above us for about 180 ft. The further extension on this level for nbout 100 ft should intersect the Star of the toouth and Success reefs, and it is at these HSST"*" expecte t0 £et "Generally, the. prospects of the mine i.je directcn-e who retire by rotation %•s*> Ohariee Adams and Mr. H R The slifttement nf aooonntt £1600 i n .alls ancl alKent pj! mm\f, and expense £1685. The balanceT\otn\ m \ capital £27,000 "J,* gW.W| hue beor, allotted Zl £14,195 imul up. On the assets slrto tX« ni-operty and .plant in valued at £10 0-10 '■Ihe debit to profit and lose etande a iblsjiiOo,