MINING NEWS.

Dominion, Volume 2, Issue 419, 30 January 1909, Page 8

MINING NEWS.

3;^f^MS&tio v ' ;■■ '■. •T JIBTv.TEpEO(iAI , JI ; rSPECUL; cowlesWndknt.l : ' : —S".-A: ; '-- : ;-' : " '■"'■■ Auckiahiirjanuarj 29; . : , : :The annunl,'nieetiiig--pf -..-th'e." Tangiarb G6ld- : mining Company,: the -niajority of the shareholders ■ of which : , reside - in 'Wellington, washeld on Wednesday..'- The.anniiaLreport stated that the new manager appointed in - Novemberlast had decided- to;drive north on a reef cut in. the first orosscut", hillward from the shaft. He'.h'ad'driyen>;pn,this a distance of 20ft.: on gopd'lqokingTjuartzr,' At the same time driving ..wasrcommehced-'BOu'thwards , on a;reef at 40ft. ■in:-the:seqpnd;.;orpsscut going seawards. This drive- was ; 'ip 19ft;,-and showed coloiirs of gold itf the'stone,.the reef, being from Bin. to 9in. wide..-- -The . Golden'.. Shore:;.-; reef, which' runs ...,- right :.;.• .across' ■■ the ':■ company's' grodnd-;: from.;. : one ' side -of -the point' to tho other, ■ wfts'i considered likely to prove the .most "valuable feature:.;pf the' property, and'one well- worth developing.' '. ■'•'Work was now in progress to;cut this reef. .The directors, considered that the possibilities of profits:/.to the . shareholders'•'.from -the Tangiaro property could ..not be said.to have been properly, tested until-.this-reef hftsbeen :cut, and work done upon-it,to prove its value. .-./ In hie latest report -the - manager- of' tho ■ mino eajn—

Ihe bottom level orossout-started to", inter- ' S ai i.• Gol ' 1 ? a Shore reef is now in 106 ft. At this joint.the reef is to hand; but lam continuing the crosscut a few feel, further-to aesoertain if. I have.got the true hanging:wall. Ihe reef exposed in the face is about lft., thick. It is highly mineralised, and" looks very encouraging. A start has,been made to.drive east from No.. 1- winze on the Bremner reef, .and it is now in 20ft. . The reef.varies in size lip to lam., showing excellent minerals and a fair prospect of-gold occasionally. ;. ■■:.,. THAMES DEEP LEVELS, . 181 TELEGRAPH—SPECIAL COBRESFONd'eNT.) .„,, , •{ Auckland, January 29. The various .'proposals for the testing of the deep levels of the Thames, which .were submitted by the Thames Deep Levels Committee to the-Government; are still in the hands of' the. Mines Department; The committee has asked the Department to recommend what .route the proposed crosscut at the -1000 ft. level should take. In the meantime, three of the companies interested,'the Waiotahi, Saxon, and Victoria, have agreed to adopt the route from the Queen of Beauty to the Old Big Pump shaft. , • ..-•-. .- ■ . . . :■■ .. , DREDGING. ■--■',-■ ■''.- ."- '.-".' (BI tItECDUFH—PIJJS* ASSOCIATION.) , _ ~ ' Dunetlin, January 29. Dredging" returns:—Koputai, 51oz. Sdwt.'; Mystery. Flat, 470z.' 9dwt.; ■■■ Masterton, 370z. Bdwt.; New ; Roxburgh Jubilee,'22oz.;'.Central Charlton, 20pz./ 17dwt.; Hartley and Eilej', 18oz. lSdwt;;' Chicago, 15oz. 15dwt.; .Waikaia, 15oz. 2dwt.; South Waikaia, lloz. lOdwt., .; '■:'--- : .■■■-. ■• V-: "• ■-'.-..', :>: ' ; ..:' ■.. ... STOCK EXCHANGE;; ' " ~:•: ? ; , - v(BT' TELEGEAPH—PEESS ASSOCIATION.) '; ' ; ' ;-- ■■ •.'•■■■. .',■;' : Dunedin, January 29.v Stock- Exchange-sales:—lsland Blbok. (three parcels), 2s.;Rise and Shine , , .£110s.; Barewood Quartz,--12s. ./;■ ' ■'-■;■'• -■ :•'.■■'■ '■ :'■■ ■'■"■■■■ ' -\