MINING NEWS.
The return iron* .the Takaka Sluicing Company fox nine daye is 260z. The first return from the Al Company's dredge this month w«us lloz 17dwt lor 50 hours' work.
The manager of the Mount Papaio* Company's mine, reporting for the week etndMig January lSfch, #tatee: —"Jjast week we made fair progress, Extended the level 13ft, making 27it p*st the wiuse. The total length of the level now k 117 ft, and the width of the reef now in facto is four feet cix inches. The last 27ft ha* had to t» securely timbered ac we so. The gottiag of the timbe* takes wp coKsidterabl© time, but n*ve juet done the beet under the ciroumsiaocea." • The Erickaon'B Rewiard Gompany a dredge 'baa completed repairs, and started dredging laet night , . / v Our J>un«dsa correspondent states that the Central Blectrio Company's dTedge and claims wne offered for eaJe yesterday, and were botight on bohalf of the trustees for debenturelolders for £50. Thie is in. marked contrast to the opinion once hetd of the property which, taking the value the eorip was «t during the boom, viz., £12 10s, would indicate that th« property was then estimated to be worth £87,000.
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Press, Volume LX, Issue 11489, 23 January 1903, Page 3
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199MINING NEWS. Press, Volume LX, Issue 11489, 23 January 1903, Page 3
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