MINING NEWS.

Dominion, Volume 2, Issue 618, 22 September 1909, Page 10

MINING NEWS.

. 'WELLINGTON MINING. MAEKET... A good business waa.done yesterday, the lower range of values proving very ■ tempting, me general belief is that the market will; recover after the "window dressing" in connection with the bank balancing hue been - arranged. The day's sales were as uuder:— : ■'■ . May Queen. ss. 6d. (first call). '■'.'■ liFaorilend, Is. 2d. (second call). Mountain King, 10d. (first call). Now Sylvia, 49. 23d. (third call). Pride o£ Waihi, 9d. (first call). ■• , : Saxon, Is. Bd. (flrrt call); Is. 7Jd. (third call). Tairua Golden Hills, 2s. Bd. (third cull). Talisman,. £2 17s. (flret call); £2 17s. (third call).. ' . ; ■•■'■•■■ ■/, "■;■■' Tanriaro, 7d. (third call). Waihi Extended, ss. 6d. (second call);. ss. sd. (third call). -.-•..' .■■ i. • " " Waihi Grand Junction. £2 10a., £2 10s. (third call). -....- -..•■•■ Waitanci, 3s. Bd. (first call). Consolidated Goldfiolds. 21s. (third call). Progress, 12s. 9d., 13s. (first call). -.■■•■ quota'tions. The latest quotations, with last recorded sales, were as'under:— : , ' Buyers. Sellers.' Sales. ■■■■■•■. £s. d. £s. rt.' £s. d. Bendigo' '.;... 00 8 -0 0.9- — ■ Dixon Consolidated '.... —" .009 .y ; — Dominion — ■ 0 0 6 '. — . Kuranui ; : ;._ 0 13 0 14 ■', ■ — Kuranui Oalodonian ... ■ 0 1 9 0/110 : -\ May Queen ' — 0.54056 Maoriland .: 0 1 i: 0.1 2 . o.l'jj Mountain Kinr...-;•••• •■-.' 0 011 0 010 N.Z. Crown- 0 7 o'' •;-..■ - New Sylvia .-.; 0 4 2. 0 ;'•) ,3 0 4 2J Ngatiawa'..:.; '.'" - ■ 0 0 3. -~.-:■■' Old Hauraki ..- 0,2 11 . — Pride of Waihi ..,.■...'..... : - ':' 0 010 O.'O 9 Eoyal Oak :........ -- 0.2-9'..,-Saxori".:-...;.■;■. ..::...v....-0 1. 7- 0 1 8 0 1 7J Tairua Broken Hills ... 0 2 7.0 2. B-.-vO .2'B - Tairua Golden Hills .... 0 5 9:-- s -0> 6" 2,* ■■'■'..—•'-' Talisman ■........:.:. ..:...-:2 16'9;>-..2 17 3 ';2 17 0 Tansiaro :;..: ;.. 0 0 '■! .0. 0.74 0. 0 7: Waihi Consolidated .... 0 5 0. 0.5. 2 .- .-':.- Waihi'Extended .;;.;..'..:. ; - ' o>s 6 0.5.:5 Waihi Grand Junction 2 9 9 210 0 210 0 Waiotahi .',. — ..■. 0 7 7 - — Waitangi ...., — 0 3 8-0 3'B Watchman ....'. 0 211 0;..3. 0:, > - Oon.Goldfiolda '.- ■-■ 1-13 .-1,10 Progress,;: ........0 12 6, 013(1 .0,13 0 Eoas Goldflclds. .0 12. 9 ~,0 13 6 ■:• - ( ; ; . STOCK EXCHANGE. •' <; "'■ , ' l Auckland, September 21. Business dono at tho first call of the Stock Exchange to-day included:— ..-'■ .. .; , May Queen, ss. 7d., 6s. Bd. - : Monowai, Is. 9d. ', . Sylvia, 4s. 3d. .' Sason, Is. Bd. • ' ■■■■ : - ;•■■■ •- l Wailangi Consolidated, 3s.' fid.- '; Wotchman, 3s. ' - Old Hauraki, 2s. Wd. : - , ■ Eoyal. Oak (con;), Zs. 9d. - ,"' i Golden Belt (paid), Mid., Is. ....". ■ ' Maoriland (con.), Is.' 3d. , !: " ' . Waihi, 1965. ' ••■■;■.■. Waihi Consolidated, 6s. 2d.. - ■. ■ . Grand Junctions, 60s. 9d. ' ' . Mountain Kins (paid), Is. 3d. Waitaia r ls. ■ , \ Tho following was. the business done at the afternoon call:— .', ■ '• '" Kuranui Caledonian, Is. 10d. Magnet (con.L sd. . -.- . . May Queen, 2s. 4d. ■■■-. , ' . . : .- ■ ' New Sylvia, 4s. 4d. ,'■ ■ . ■'■ .. ' ~ Victoria; Is. 8d.■' ' .' . ' Old Duuraki, 2s. 10d. .. ■ . - ' Pride of Tokatea, 9Jd. : •'•■■-.■■, " Bcndiffo. Bd. -.: - •• ;■',. '" '• Orowh, 7s. 3d. ; ■' ■ VKirikiri. 3{d. .•' • . . ■: ' ' Waihi Consolidated, sa; Id. ,■'■•' ; : '.' Monte Ohristo, 4Jd. '■• . • .-■■'■ ■'Mountain King, (paid). Is., Iβ. id.,-Is; Id. ' . Tairua Monarchs, 3id. , . Waihi, £9'455. 6dr '' ' ■'■ , Golden Belt (paid), lev ... - ■ Golden Belt (con.), 7d. . . Waiotahi, 7s. 9d. ' .': \' ' ' Tairua Broken Hills. 29. 7d. ; .Waihi Grand Junctions, 505.. 3d. ' ■ ". ' . ■'■■ '■■'■•; .Dunodln, September 21. Stock Exchange sales:—Waihi Grand Junction, 50s. 3d.. 595. 9d.; May Queen, Ss. 7d. (four salea), ss. 6d., ss. 3d. Other sales reported:— Electric. 45.; Milburn Lime, 2s. 6d.; : Muddy Creek, 755.; Waihi, £9' 14s. 6d.; New Zealand Drug, 455. 6d. '. . r . . MINING NOTES. ! '. Mountain King.—Driving north at the intermediate level has been advanced a further distance of :8 feet for the week. -Tba country is still an excellent class of andraito, with numerous mineral seams striking iuto.the reef. ' At present we are engaged taking the reef down, which is about 9' inches in width, and is composed of high-grade ore, showing colours and dabs well distributed through it. The leading stope has been carried along to the south face, and the timbering placed in position. The No. 2 stope has been started from the-main rise, and carried'along a distance-of 8 feet. The. reef ia 12 inches in width, showing strong colours of gold'through it. ■ . ■ v Handsworth TJnltcd.-In the winze on No. 2 leader, from No. 2 level, ,the main, leader is yielding rich ore, in which gold can be freely aeon at each breaking-down, but scarcely .good enough to class as picked ; stone. The cross leader is still in evidence right across the dig, and continues to yield small specimen stone, but as it has to bo taken out as sinking pro.gresse3, it only came to'hand in small quantities, not sufficient to warrant .telegraphing. In the low level excellent country ib bolng penetrated, and. the leader is fairly well,defined,. so that it is only a'question of getting along far enough to pick up the rich run from the level above, as there is no doubt' about it coming down to this level in my opinion. Gold is showing ia the low level. There are ' small carbuncles of .stone, showing rich gold. Tho leader came down in the eastern side of the drive, and has a strong underlie weat. Tho manager considers it is No. 1 leader, and not '{he one ho is now sinking on; but it settles any doubt about the gold coming down to the low level. Waihi Grand Junction.—Tho mine superintendent in his report for August Btates that at No. 4 lovel, No. 4 winzo, on No. 4 lode, width of ore in tho winze is 28 inches, value £7 18s. 9d.; No. 8 winze, Bamo lode, width of ore 39 inches, value £2 19a. 9d.; No. 4 winze, No. 1 lodo, width of quartz 14 feet 6 inches, the foot wall being exposed, but not the hangingwall. value £1 Ba. 7d. No. 5 level, north crosscut: At 210 feet the hangingwall of. a lode, presumably tho Martha, was cut, and at 248 feet the foot.wall was reached. Tho crossout is not at right angles' across the lode, so that the true width cannot yet be ascertained. Thero. was a width of 5 feet near the hangingwall worth £4 7s. 6d., but the average value of the 38 foot of quartz passed through is £1 os. 6d. In the drive oast on No. 4 lode, tho average width of ore taken 'out is 76 inches, value £2 Us. 7d. At 61 feet a crosscut was driven 15 feet north. Tho full width of the ore at this point is 15 feet, and tho value £2 15s, In the drive west, on No. 4 lode, the average value of the quarts won was £4 15s. lid. The north drive is along the low-grade ore, but the full width of Iho' ore towards the footwall is not exposed. At.Bl feet a crosscut was driven 2; feet into the hangin-. wall, exposing white quartz. A. distance of 5 feet has been drjv.cn towards the footwall showing good ore. Tho footwall is. not yet.reached. Inland Telegraphio Address Telephone I■• "Gruar, Auckland." . No. 2537. WILLIAM G R U A B, (Member Auckland Stock Exchange), STOCK AND SHAREBROKEE, \ HOBSON'S BUILDINGS, ADCICLAND. Inquiries by Letter or Teleirram will receive ■. Prompt Attention F. H. Irwin.] [G- Thorne George. IRWIN AND GEORGE, 37 Panama. Street, opp. D.1.C., Sharebrokere and Financial Agents, Members of the Wellington Stock Ex* chiuiee. Telephone 3090. Telcurapbio aadre<6— i "Thwwin, WelliJwtoo." C 1421