MINING NEWS.

Dominion, Volume 2, Issue 605, 7 September 1909, Page 8

MINING NEWS.

;;; jtraisa. market. . *•'. } '.'. Mining 'shares rare very tho values ; ;of ; most-'shares-.arc'; dopress'edj , : . A' .fair - number „of .'Bales - were recorded' yestorday, 'and ' Vvere as lundent— V-'. '-V. • ' :/NW/ 'SylviaV3B.;7id/r33. ! caili.. f-. j ;old'..Haural:i, '3s.' 9t1.; ; 25/Bd.'- v ',-;> '• • \ : ; :-;£2: ißs. {first i cain;- ;£2 ' 18s. T (third •call); v.i.' '-.V;.- 1 -.'.'' i :r-:Walhi Grand' "Junction;. £2105,. 9a/ (first call)! - y;Wftiotahi, : : 7s;. Bd.-',(flrst call),-'7B.'-7d. .{second : :Call;.-;V-^ ; v k. V.-Watchman;"2s.';'Bic); (tliirdlcall); :i .'' :',' •vConsoUdated. r GoldQelda/;23sr;3dv'( third' ca11).':... jlatcat; tinoiationc;" with tho last-recorded 1 ■ '.'■':'■■■ 1 ■ ,: v ;'Buyers.•' V Sellers: ■ 'Sales; s. .d. £s. d.v £s: d Bdndigoo:o 7. ' •— ' ' Dixon CoUfioJid3.tiid , '.;.' 0,0*9 i; ■— . •Dominion • ;■ — '. 0• 0 -9s 'v 'I— V .Kornrttit ■ ,"-.Heofa' ■...V.- ; — ' 0 0 8 . : 'v.U'.'' -Kiirau'ui 0 .I.' 4: 0 -16 ~ iKurwiui : Caledonian,;;... .o'.'lll'— .. May* Queeno: 6;'2 06 5. —- .. ■ ;New."Sylvia 0' 3 8 0 3 9 0 3 8 . Nt-atiawa : : ■ * 0.0 5 I OUI-'Allmrnia (paid)' ~,. '—'''-.0 3 :6 •: : . Old? Uauraki 0.3 S —\ v o;'3 8 'Occidental- ,;v.!C: 00.5.0 0 6 . - •Krideuf Waihi ~ 0 .12 ; IleUanco -'........; — :V:0 o's ; 'i'uirurv': Broken 11i11a.., 0. 3.:3 0.-'3 s'. ~ ■! Tairutt^Monarch> "0 0 4 . Talisman s! 218: 0 >218 3 218 0 •' WaiKi . .97. 0 0 ,9.0 :'• Waihi* Consolidated j0 ,5 H ■ , 'WftiliiKitonded . —w'-'-v-O/s'. 10?,! .Walhi.Grand .'Junction. 2 10 6v'.2 11': 0 . 2 10 )'■ Walotahi. iiv:o,;7:6'.: ;0, -7 ;8, 0 71 ■, Waltangi ' ........; Oi 4 0 • rWaliihman; .. 0 1 2 8J ' Blackwatcr ■ . 1 9- 3 ~ - Con. (loldllelds : — . .13 0' 1 3 3 . New; Alptn'o, (paid) ....... ~ — - 0 6 0 — ■ .' 'New. "Aiplno (cou.) ' ■ -'V'. i ' .•' 0S 6' 0,• ■ 1 —' ■ Progrois.•: 0 16 ' 3 : . 01? 6: . - — 'Boss' Qold&cids. \ 0 16' ,0. --;— •' ' STOCK EXCHANGE. •:>v.,(Hy; Tolcgraiih-SptclaliJlJorresiiondent.l ;• • . Aucltland, September 6. ,'-> THe -.principal sales 'in-' uiiiiine stocks■■ were:— . •.! • • : ; Kur'annliOaledonian.Vls.'iOd;.' ' ■■ , Kav. cÎ 6a. ; 6d. to 6a. "

Now. Monowai, Is. 8d. x ' ' ? • New Sylvia, 3s. ,9d. -Old Alburnia, 3s. sd. to 3s. 3d. to 3s. 4d. to 3s. 2d. (paid), 35.. 2d., 3s'. id. (con.), r > Saxon, Ib. Ud. to/;ls. 9d. to Is. lOd. , Point Russell, 13./2 di, ld., Is. 2d. v - :' '* •-V .Victoria, la; 9d., Is, lOd. . ./• V Waiotabi, 7s. 9d.'to 7s. 6d."tO'7s.-7d, to'7s. sd. to • 7s. 6d.- ,1 V,;- •. Waitangi/i 3si lid. •': / •: Watchman, 2s. 9d. '. • Blaokwater, 315., 30s, =6d. ' . : ' / ...Consolidated Goldfields, 235. 9d„ 235. 6d'. vPour-in-hnnd, :le. * V Golden '. Pah, BJd.' to 7d.' ' : •. •. ; • Oldvllauraki; 3s. 6d.'to 35.-2 d. to 3s. 6d. 'to 35." Sd. to 3s. 7d. •; ;. /.Royal .Oak (non.), 25..-10 d- ; 1 ; Crown, 78.: 2d. ;.; !• • ' • t/. .. .. . •Tairua Broken Hills; 3s. 3d,'to. 3s. 4d.'to Sa. 2d. '. Talisman, 595.-to .593. 6d. to 503. 6d. to 595.' to 58s. 6d. ■•"•./ Waihi, 190 a;/. /•, ; . -•. Waihi- Beach,-Ud., la., ll*d. • ' ; V . . ; Waihi .Consolidated, 55.. 3d. 'v ' Waihi Extended, ss. 9d. / h • Grand; Junction, 515.,/ 50s. 9d.- to 515. ; 6d.* to 51s. 3d/,. 51s. ,6d. i '- • .. - Grand Junction, options, 295.; 6d.,.295; 3d.. ..Mountain King (Is. paid), Is. 3d. : l : New i Waitaia. (con.), Is; • 7d.,. ls.: fid.' •' l°'csrapti.—Prejß .A*oficlatlon.l . „ < J• ; . DUnedin« September 6. ' tion3'~ O VII1 ° ar ° - Stock Exchange 1 quota-' .Dredging stockß!, Electric,', sellers <?s.: .EnterEft IBe ' ycrs ,? 3, sellers 4a_.; Koputai,- buyers 20a,, -,Bellora' 355.;' No Town Creek,"; sellers /125.; Otvvgo,. pollers 20s.i .Riso and. Shino, buyers 345., 36a; 6d.; ,Rising Sun;,'buyo'ra '.345., Eellcra 365.; Sailors Bend, 4s. Cd. ; : ; Mini.ng stocks Consolidated Goldfields, buyera. ;lZs. 6d.ii isellqrs--245.'.,3d.; Kuranui. Caledonian,' seller 2s;; ,JlaJr, Q\\een,' buyers /6s. Id.; sellers' ,Lr-'iP"*'Hauraki,- Id., sellers 3s. J Consolidated, - sellers - 5&5.. 9d.• •waihi .buyers £?. Bs.,,.sellers .£9 10s.:, Waihi';Ex-" tended; buyers ,ss. 6d. sellers.'.6s;;. Waihi Grand function, buyers 495. 3d.,- sellers. sQs.' 3d.\ ; ' stocks; f National ,Bank|' buyers £5' 125.; Union •• Steam.;-Ship . "Co.; - sellers 34a. % 3d.; On,- buyers/Is.;-New (£2), sellers- .475. 3d.; New, Zealand Portland Cement, fellers . 41a; '6d. i. New\ Zealand Portland; Coment (con.), sellers 21s. 3d, (prem.): iDonaghy s,'ltopc -and .Twine, buVers 20s. ' 6d.j -Ward- find; Co., buyers £4 7s. 6d. \-.v -. • • Exchange sales May' Queen, 6s.- 3d.', 6s. -.jtwj-.Waihi-. Grand Junction;-' 505... 49a. 9d.v495. 6d. Salo;Teportedt,Bank t -of f New Zealand,.£9;sa. /.: OLD H\URAKI MINE Correspondent.K; /• • rtV ?f T i' , Auckland,' September/'6.; John. Earle (chairman of directors of the Old -Hauraki Gold ;Mining;', Co.) . has.' returned from a /visit to the' mine,-' bringing; with him ;?£ ou L s A of^^.spccimen'stone taken from 'the • 400ft.;level. This shows rich coarse gold,' :and >is/stated.to.bo worth about three ounces to' the; -pound. 6 . Mr.. Earle' :said that '-ItriT Warne--i (the, /supervisor),/- Mr.:- Jamiesonj• and : himself wont down the mino/. alone on Friday afternoon; '.ThoVwaterfin the shaft at the 4Coft/- level woa< ;«prto waists. :v.They waded. to : tho face; ,and/,'Mr..,Warno -worked, for: some .time \vitli tnpo result that a fow nice pieces -of picked stoue, were got;, ."Our .shareholders," added. Mr' iwrle, /.meet on;. Wednesday next; and-I Bhall .make,a;full statement, then,: but the 'fact. that-' ,we -are upon, ri&h gold. ; at the lowest -level'- in' ***/.' wwe lias,.' l«con establitehed,V :•; In':, answer to Mr. .Earle stated thit ; it -secma cer--few 18 ! 1 \J cc S. that'j.has been cut at :400ft. level. -. In ..the'.Bunkers Hill section the a - :^ im } ne undor thevwinze, : . in X Bunkers vHill., Co. v gfot rich gold% 4 at - /In; that /case, the gold- waaTgot' Jni.the .pug, and. the. stone at "tho 400 ft.' levePis' ?i S f?;^-^ r9m n puiJ '^^.Thoro-iaV^also, the chance of ; fiSSiv??"•' ?IL Cen -0 ar P .further- south •at the 400ft...'leveUTho -manager telegraphed - this pernoont.; Secured .one pound of'good/picked^ drive' on' No. 8 reef ;at the .400 ft/. level/;; ' ; :VvV.'/- ; THE ,'inNE. /.;, 'A -Following., is, the . Talisman . Mine suporin'tendentfs.report. for .the'fortnight endcd^July^3l:--, r v^p. ; llLeyoU—No. 8 /crosscut: 'Advanced 32 '^Jwi. c TV- f cct r ' No l change/in Country; . /The . olco - mc Ee6f has been oxtended Width of yoin, 4: feet; Assays tow, - No. 10 crosscut: Advanced;32'feet.:, Ground ' v 2 n 4:\.SW io naMy"--\Bhotripgr* iemaU'SAama r of. auartz. -Stoping:; The- assnys/'from off } iNo.--12 rise : ,avorago. £1,11 a.; 3d.^,'Tons sent:-tO'.mill,, 315.-....,-S •'' V drive:. Advanced 59' feet, total i 6-9. feet:.■•■ Widt- of reef, : .42 : inches; values °T!f„r' SO .1 (n ° r /u I,i Advanced 16' feet,:.total vo if Pst. wtdor than winze.' Assays averaso' K i't'F. 7 " s ,°. ' a . n °w;oonnD(itcd with , tho in-: iUjrmodiatejlovol. below,- Woodstock No. 5 - level. . TB i? p sJfP«'.'st'opcß off.No: 5 rlso ■nyoraeo- £4.. 15s. 4d. Tons sent to mill, 300. The : •Jrtn<» ; -:*«aa :»topos: off .No,x 12 'rise• averdge: ?e; ,scnt tq " The values from M.\: Tons.. Bent.. ;"NoV iii- LovelANorth..; dri.vo, : ',' 'cast.; voiii':.. Ad- 1 yancod-14 feet, total 64 feet:.. iWldth: of: reef.'3s inches. HAverace,"of-nosays,'ls..\9d. .Stopine- 'A; leading... stopo; is r- being idrivensouth.' f rom V No.' }<; 'rise.'., Assays, from same .average £10 ss.' 9d V?°P.t'mill.- 120. .f .Tho stopes. off- .-No. -1! north, riso.have;. given .values: that "avoraco L'4s.o,?d.'.U,^py. s -- s e n ''to;miU,-:iSO.-\:-.v' : :V;.;.- :. ;::x v : . EEEFTON eetcbks, ' • it'. (By Telecraph -Priss Association I - 'Reofton, September roturns Worksop;..:2loz.. 13dwt:;i Pdc. toTus 1.,' broke elevator shalt; No. 11. (129 hours) ' ;,New. Big '-River ; South - giveß, d return ,of '8340z.'' for 702 t tons crushed, and.7Boz. -14dwfc. from j'4lo-tona.oyanided; t0ta1,i£3550.. V NOTES i •' BcndigO.~Tho manager of ' Te/ 'Aroha,;.- reports that' he has . 'continued' driv;;ing north. ! /on < tho Silver' King .reef, arid, tho ore fbroken Is/of high.grade.' moro, especially oh-tho footwall .i side, '.where 'gold , is / 'shoeing amongst linineral.; ; :v/v/•' i Mountains King.-Drtving>north[ r.tain. King-;mine has been advancedißft.Vfor .tho :week;,with no.'cliango .to report; Driving:north' at > the lintormediato: level: has been ;-advanced •7ft., ;tbo' country. being, .etill. a' of 'andesite, '! interlaced- with - numerous -. niineral 'l seama. V'Tho.reef, haa narrowed irii :;biit;-i8 imak«' ing ( again, /&ndi>in , tji'e present ;fafcev measured i 6in.,-showing/strong",colours of g01d... ,/Tho Meadi 1 lng .south i hag.; been/ carried? aldnf 1 .15 ft,; 1 ,Uhe -.reef, avoragds. from 6ini"to ;l2in„' vß&6wing<; strong . colours, aijddabs • of: ; gold i. well v'dis->; •triqutcd;.through ore.' ■/ g / - : 7 /•; • i y Now .the New Waitaia) mine/ stop-': •ing, has been, started> north; and riso,above : thoyintermodiate level- . The Jreof/ia 1 15m..wide at tho /north- aide and 6in» at uhei south, - .Gold (is showing. freely in 'liOrth\'stope. ,: ;.in- theorise'.above;No. '5,-,lovel/ 8ft?;-or- 9ft;.;is. stripped, t and /will /be taken - down I ..this week.'/to save" Btaging.;:,\-Thd;. flinty icodntry'..met'-/with I in/ the >. south drive'has croßsed the • a , u £ le ' now; nearly /out ! on v 'Ufevopposite ,side.:.i. : .The reef' looks : bettor-than r it'has>dotie" since -starting Uo/.drive, and fair.'bouy.ioi«stone;at jnext breaking-down.' ; i : ' • ; .Ty':Wearne;'/>Vh^^ cently. Inspected .this mine oh directors;"reports , that, the /low - level" dtive-:i& ; iiowi a of-; 508 ft.> vThe i'country• is' good .'shooting ;ground,/.and - ;he/'anticipates '"an" average of- : Bft:-.weekly should' 7 /»o chaDgo //the/:cpunt^yv^6 ; TeiJoi i^ r"'Mountain'-. north ; has been' 'hd. • .yanced ; a further distanco of Bft. for the week. The. country/ ia\ still' disturbed; and there •• is . ! no'v jchange, to .roport;/- DrivingCnorth'vat - tho V inter-' mediate level has-been aavanced 'a-'further •distance of % -7ft.- for the.-: week.' / Thecountry, ia rstill a - nico -mild- class .of /, andoaitoj 'interlaced; 'with numerous: mineralvseama.'The"reef-'- has.narrowed:,ui, but :ia/'making again, and 'In" the ipresent vfaee; measures - - six ... inches,.showinft" strong, colours of gold;: sto'pe south has' been,-carried distance' of ,15ft;. The '.men are:.now, engaged '-placing'; the-.-timbers in poaition... This. -woric jWill. 'be completed next 1 .Tuesday; iwhen : the;:stopo- vriU -.be- carried .forward.-. .Thoyreef averages".from'.-six to twelve. inches, showing, strong colours ;and*;dabs of gold •\velli.distnbutea..through,thd ore;:,The'faccs : have' not-- been .fully/manned,/as. some of.'the men ; have been-engagedtin getting Umber'dor placing' iin poaitibn :in the main, level. -Ci : :: - oh^ _Th t ; n '.334; ; froinitho. !■???•■' Tfe « u F r , tz " jbeiag-brolton ;for the full width -OfMho. drive.-, .-Although; no ipicked dtono : ■ has : been, selected for, tho:last. few feet driven the, manages expeots to meet with, thei same- at any;-time,: as .the quartz continues, to show Eold' .freely. ' •'., ... -..s ~.. Sh'otover .r-The drive is 'in 358 ft. j from the rise! Tho in;, the face is blue andesite, which ;is heavily /mineralised, • with" ; Several > email otiingera of quartz and silica seams crossing it.' Water.,is-still/ issuing' fromthe-face. : - . Dixon a Consolidated.—An improvement v has' . taken place in the.Gize and appearnnce iof the 1 (luarte. in.- the, low level..- 1 . The :auattz .shows good indications.! for,' g01d,.; N0.:% crosscut throueh Ihd.. reef .has -been advanced 15ft. from the point' at Which.'quartz r.was. indicated. The -face con.' isists of a mixture'of ;quartz veins and mullock so may. bo getting to the. footwall of .-the reef; ';Ohampion Wines.—The manager ; reports • The rise was ;extended.' a .further 'distance' of. Bft, . when .we again oponcd out, cutting .tho. Old Pass at..a e distanco of ;.10ft.",'w'e wero -then just ? 6n ,top,:Of the fallen. was madeseouro around the .pass.i jn the .old stopes there ; 19 iS. of Kpound left standing from this point to the creek .level, innd the manager thihks from, tho creek.lejel to .the;.surface the reef is about 4ft. in .width,, and has a very kindlv an. poaranee... Very goodrprospectß /were obtainable m tho . dish, and .some,, nice i colours of. gold- , vero •Been...in .the,stonC.' It, is Jintended to 'save tho fert. and put through tho;battery as sobn aj autiicienVnuantity is, on .hand, ;The mill:and. all tuo buildings aro 'in good 'order and condition.;.. Samples taken from tho. Champion' Tdct show highly .payablovvaluca. - Averago . sample taken from the resf m the Champion 'north sec;fii f v , D j taken