MINING NEWS.

Dominion, Volume 2, Issue 577, 4 August 1909, Page 10

MINING NEWS.

STOCK EXCHANGE. (By Tcleßra'ph.—Erds3 : Association.) • - - , • Auckland; August 3. Share market business on tho first call iniluded:—May Oueen, 6s, Id.; New Sylvia, 4s. Id.; Saxon, 2s. 5d.; Victoria, 2s. 5d.; 'W aiOr ahi, 7s. Bd.; Jlaoriiand (contributing), 10d.,\ iVaihi, 191s. Cd.,' 1915.; Wailii Consolidated, ss. rd.; Waihi Extended, 7s.' 7d.; Grand Junction, j!)s.,';s3s.- 3d.; Royal Oak (paid), 45.; E.oyal Oak ;contributing), 3s. 6d. to 3s. 8d., ! . , '' 1 (l)y Tolceraeh.—Special CorrcsDondctit.i - / Aucklanflj August 3. . Victorias' wero selling to-day, at 2s. "sd. , Waiotahi, ,75.. Bd. : , '7&.: 6d.,--a'nd 7s.V7d. , Cjonsolidate'd-Goldfields, 2-is. 6d. > , - ' TokateaS,' 5(1.. V ' - Crowns',-. 7s.:'2d. Tairua:Broken Hills,-2s. lOd. - ... • Waihis, -i! 9 lis.-. • - \Vaihi"Extendeds,..7s. 7d. to, is. 9d. , ' ; Grand ■ Junctions, 535.' Gd., 535. 9d.y 545., ' 535. 9(1. . " ,' ". : .Talismans, 595. 3d.,.595. , , (By TelcEraph.—l'rcaa Association.) ' Dunedin, August 3. . Stock Exchange sales reported:—Waihi Grand Junction, ~£2 -;135.-;3d., - £2:135.; £2 12s; 6d.;'l £2 13s. '6a.'- (two parcels),' £2 135., 13s. 3d;; Talisman Consolidated, 18s. Gd.,' (six' weeks forward); lioy.il Oak (contributing),- 35.. 9(1.; Westport Coal, w£G 15s. ; . NEW BIG RIVER AND NEW tJISTER; (By Telegraph.—Press Association.! . > ' • Reefton, August 3.- , The New ulster Gold Mining Company have 'struck a reef .-two feet wide and: carrying gold. There are indications of its widening. The reef track on which'they are driving is six feet wide. . ••-':••• . The New Big River Gold Milling Company, Ltd., report for,July':—New Eastern reef: 111 the face of No. 3 stope the ..reef has varied from two to four feet in width;.in No'. 4 stope the reef-has varied from 0110 to five feet in width; in the drive-from No., 2-stope the reef opened out to two feet, wide, but only continued a few feet and then out out. Branch reef stopes: No. 10 stope has been .'carried, to the end of the block; in No. 11 stops''tho reef has varied from two to five feet in width. The manager has also risen No. 12 stopo and exposed a -new make of stone in the. back of the .stope, from which a little water is coming! Old Eastern stopes: Over the intermediate level stoping has been continued; in the stopes the reef is varying from a few inches to two feet in width. No. 2 intermediate level; the connection between tho riso from this level and the winze on Cosgrovo's Block-has been ' timbered up, and the mon liavo commenced to break out stone from tho end of tin winze. The main shaft has been sunk a further distance of 41 feet, making 116 feet from No. 9 chamber. During .July 520 .tons ol stone have been mined and treated -for 49. ounces of melted gold;, 300 of sand has beer treated by cyanide, .yielding bullion to tlu value of 440z. 19dwt.; these returns . ar< valued at.(abont) .62100. Concentrates to the amount of 5 tons 13owt. have been saved; their value is estimated at .£2O per' ton.