MINING NEWS.

Dominion, Volume 3, Issue 626, 4 October 1909, Page 9

MINING NEWS.

WELLINGTON MINING MAEKET. A fair business was done in New Sylviaß, and May Queens firmed on a report that tho drills were again into quartz. Talismans slumped to Ma. The reef in the No. 13. level line pinohed out, but it is expected to make again, as was the case in the lovel above. A lew holders have unloaded at 605., but the majority see no cause lor sacrificing their eharee. Saturday's Bales were as under:--May Queen, 55., (first cnll). ■.'■-. New Sylvia, 53., ss. Id., ss. 2d. (first ca11),,. . Talisman, 50s. (first call); 505., 60s. (second call). Waihi Consolidated. sa. G0 , ., ss. 4d. (first call). Now Btg'River, 50s. (first call).. ' -. .

QUOTATIONS. . ,'. ■' The latest quotations, with the last recorded Bales, wofe as under:— ... Buyers. Sellers; Sales. ■ £s. d. £s. d. £8. d. Dixon Consolidated ...... 0 12 0 14 — • ■ Dominion ~ ~..,.: 0 0 4 — — " Kuranni 0 0 U 1 1 0 >-. Kuranui Caledonian 0 19 — ■ — May Queen ; . 0 51 0 s'o Maoriland •..; 0-1' 0." 0 I' 2■■ - ■ Mountain King Ipaid)... 01 3 — — Mountain King'(con.)... 0 1.0 — ''*- - ■ New Sylvia 0 5 0 • -'■' ■ 0 5 2 Reliance .'...:. 0 0 31 • 0 0 4 — Koyal Oak ..; ; . — • 0 2 6 - Saxon ; 0 14 0 16 - Tairua Broken Hills ...0 2 8 0 2 9 . — Talisman 29 0 29 6 210 0' Waihi ...-. 914 6 , - - Waihi Consolidated ...... 055 066 054 Waihi flrand Junction 211 0 211 9 — Waitangi 0 3.6 ■■— .' ■- ■• Watchman .0 211 0 3'o —' Con. Goldflelds 019 0. .- - - Progress- ;;..., 012 6 ■ ■'.'_. Eoss Goldfields - 015 0 ..-f New Big Elver '.',— ',: — 210 0 Tho conrseof sales during the past meek was as. nndor:— ■'. ■■.-■ ■ Dixon Consolidated, 7id.. B*d. Kuranui, Is. Id., Is. 2d. ~ May Queen, 55., 55., : ss. ' . Maoriland, Is. 2d., Is. 3d., Is. 3d. Mountain King (paid), Is. 2d. '. .• New Sylviai 4s. IOJd., «.10d., 4s, 91d., 4s. 84.; 5a., ss. Id., 6s. 2d. .■ •■ • .■■.'■■' Old Alburhia, Iβ. lid. Old Hauraki, 2s. 3Jd. 'Boynl Oak," 2s. 3d. ■■•■•Basoa, Iβ. 4id,, la. 4id, Iβ. 4d., is. JJd. ••-Tairua-Broken Hills, 25." 6d.j is. 6d., 2s.- 6d., 2s. 4d., 2s. 4d., 2s. 4d., 2s. 4d., 2s. 4d., 2s. 4d., 2s. 3jd., Zs.-3id.; Js. 2d., 2?. 3d, 2a 3d, 2s 7d.' - Talisman ' 555. 6d., Ms. (id:, 545. 6d.,. 545. 6d., 555., 555., 555., 555., 505., 505., 60s. / -.■: , .Tairua Golden Hills, 55.9 d, . . :' i Waihi, £9 12s. 3d., £9 125.. £9 12s. 6d.,£9 12s. id. Waihi Consolidated, ss. 6d., ss. 4d. Wfiihi Grand Junction,' 505., 43b: 9d.,"49». 3d., ! «3.,. <9s. 3d.,■ 605., 60s. 9d. ■■ , ■ ■- , . Waiotahi, 65., 4s. 6d., 4s. 4d.. 4s. ,9d.; 4s. 10d., !.55.. Ss.Ud.. 6s. 4d., h.M- ,55. 7d:, ss. 9d.' ■ ■ |i. Waitangi, 3s. 6d., 3s. 7d./35.-7d; |i ..Watchman,"2s. lid. " ..'■:; -■ ! Goldflelde,'l9s. Yd.', lSa. 6d., l!s. 9d.; 18f. 9q., Jos. 9d. • ' -. ■ ! New Big liivor, 60s. ' ■ Eoss Goldflolds,, 135,'.9d. . >'. • . • . •

.'... .■■.!;. STOCK. EXCHANGE,' ;..'- ; ; ; IB* .ToleEraph,-I'rV«v/l«»,'mloli()ii.t' ■■ ;' . . Auokland, October 2., . Business at the' first Call of tho Stock Exchange to-day included:— ' ' Diion's Consolidated (paid), Is. 2d., and (con.) Is. 2d. to. Is. ■;,■ '•■■■•-.• . ■ :■ : Mny. Queen, 55.; ss. Id. ■ . ,*. Sylvia. 6s. 2d,, ss. Id. . ' ■' . Alburnia (paid),.2s, 5d.,.2g,'6d.l do. (con.) 2s 3d. -. ■' - •"■. '-■■■■ . ■ . ■' ■ "Point Russell, lid. . ■ ; Watchman; 2s. lid. . ■,-—■•.■ ■■■■■ Crown, 6;. 9d.,: fa. 10d. ■ , ■ . ■ ■'•.■' Golden Belt (paid). -Is.. 4d.. Iβ. 3d. •. ' ■' .Prido.of Waihi, ttd. m ■...-■■■.. • vTnirua Broken Hills, 2s, 9d.-, 2s. Bd. >: Talisman, 52a. and'6os. ' ■ Walhi-Beach.-.8d., 7Jd.-: ••'..-.'" :. .. •'•.•'• ■ Wnihi .Extonded, ss.' 4d.' • Grand. Junction, 'sie:- 9d.' -. » •: ... Waiotahi, 6a. 6d. to ss. Id.- ,: . ' , '.:■ '. '•■;.'. ■, V' - dredging.> . [:■'y } :■•■■... (By Tolegraßh-Press Association. "..:...;"■ - : : :•.-■ ; ,.... Dunodln, October ; 3.v Dredging retarnß-tlUets and Shine -i.j,|'B4oi. .lWwt.r Otago 11, 680 z.i Oltig, «o!.l7dwt<; -Mystery, Flat, Ooz, 3dtfV; Golden Bed, 37oz43dwtV; iEiley s Reyivil -330 a.; Bandy.Point.' 320z.; Moly,Manuhcrikla, - 20bz.j Enterprise," lOc-2.'/ lOdwt .Punt. 9or. 15dwt.j Alexandra Eureka, 9ol.M2dwt. ' . ■'"■•- ' ; . ■ Dunodin, October' 2. roturneirWalkaka. United No. 1 ,19oi. 6dwt.i No. 2, }lo». lOdwt.j Kislng 6uri, : 5200z" lodWt. .' '. ' ■ ' '.'.• : : : ■

"■:■/■; ■[':/.-■ MINING NOTES.' "'.. ; .'. .;'. ; -/' : Mountain King.-Drlving at; the'' intermediate level .hae/been advanced a, further distance of 6|t. for .the week. The country Is still a nlco class of andesite, and has become muoli tirinoiv owing to several , fllntica ctossing the faeo measuring from lln. to 1 Jin. in'-width, andaro striking intb tho footwali portion of tho roefi Tflo.reef has beea;.taken down, and still continues to piiow, dibs and , colours of "sold woil distributed throngh the ore, and the reef 'averages Bin,. In width. Thdro Iβ etlll i, good flow , ol water 'iosuing. from the face,'.which.-leads ma to believe there is an abundance.-. of duarti ahead. Ko. 2 stopo • has been carried along a distance of. 3Clt.i Worn tho rise, and .the reef averages about .12in. in Wdth, and when taken down showed, strong coloara of gold, welly distributed through, tho ore.''No. 3 slope has. been carried along a distance of 16ft. from the'-rise. The reef has been taken down; and etlllVcon-; tlnuC'B to show dahs and colours of gold. ■• " . Missouri • Itlnes.-Th6l work in hand has been confined to driving on tho Bed Mercury reef, to intersect the'. junotion ol tho-Western -branch. The reef is; a nico compaot ■ body of , ore, and continue; to show gold: by dish, and'mortar tests. -If tho present country oontinnes to tho' junction of. the '.western branch. 1 have every confidence that good results'will be met with; as ■it was at this point that'the ■ old company obtained, the. rich vnluos. ■»■■■■.■■■'■ ■;,■ v-aofci' . Klrlkiri Consolidated Mines.. Ltd.-Tho leader at the intermediate level "has been brokmtvdovjiu" and goodmineral'was seen in tho oro when;taklag'lt doira... country continues to he of a first-class description for meeting with good ore. Next week-, everything- , should-be ready to Btart stoping.i Tho . Extension ot 'th6'/intermediate drive will-also ho proceeded with. In order to get underneath where tho best ore was got oh the surface. The-main crosscut , at' tho low. level is being extended through good country.'and is ■now in a distance of 111 ft. . ■ .

: Handsworth Xlnltcd.—Another leader has been cut in 'the'*low. level lying.to tho east of thoso prevlonaly in hand: It is from 2in. to 31n. wide, and .gives gold' by pounding. Tho' country is good, and the: manager expects-gold from this quarter at any day.. In the winio from No. J level:the main reef is strong and showlnK n:co dabs of gol,d, but hardly good enough to class as picked stone. The small branch lead is-as rich, as, over, and is about tho samo-. size; i In the "Irene" section,, the contractors havo drlventho crosscut 9ft. since starting, with one shift. This crosscut is in,an excellent class of country; and it will surprise me if. when the reef is.intersected, it does not carry good values. .Now -Waitaia.-Stoping operations .are- boing continued at the intermediate level, with satisfactory results, somd very good-ore'coming tohand; showing dabs of coarse gold. In tho rise above No. .6 level, tho reef is 4in. to sin, wido. The , south drive* at No. 5 I6vcl has been extended 145 ft. since starting with one man.' At* the bat-' tery, most' of' the past, week was spent in cetting tho new gear into running order, and experimenting with tho best method of breaking up .the slimes. Wo have made a fair Btatt, and they are going through very well. Tho manager feels confident he Iβ going to be successful with tho treatment. After putting through a sufficient quantity to assure that it can bo successfully handled, the ore on hand, about W tous, will bo treated. The contractors for low level are makng yood.progrosa, penetrating*heady good shooting oountry. - Tinder oxisting conditions, they should extend the tunnel at the rate of 18ft. to 20ft. per week. At time of writing, they aro in «ft. from Btartinc point. * . ' Ooromandol.—Tho directors decided to resume active operations forthwith, and-appointed Mr. J. K. Prescott as mine manager. Last' fteek operations" were confined to clearing away debris from the'mouth of tho. level and Maying 'tram .lines into the face * where it is' proposed to start Work. Mr. Prcecott in his preliminary : report to.thedireotors saye:—"Touhava a'largo property here, totally unexplored with the ex-> ception of the'present .workings, and I think it would be* monoy well spent in* giving it ,a systematic _prospectinß," I .- *.-■■' Magnet.—The general meeting: of in the Magnet Gold-Mining L'ompan? was held at Auckland on Thursday last. The directors' half-yearly report stated that the promisiut oro bodies opened up in the low levels justify the aceuttptio'ti that payable ore will be discovered in the upper level now boinjr put in. Tile retiring director is Colonel J. Pirio, and as he is leaving the. district, does not offer himself for re-election. * The.'balance-sheet up.to June 30, 1909. showed:-or.: To. capital account—Authorised, 100,008 shares of Is. each, £5000, subscribod and Issued, 20,000 shares paid up to* Is. each £1000. 80,000 shares called op*to*ltd. each £J3W 6s. Bd.-£453 to. Bd.. less calls unpaid. £351 Oβ. .7d.£3982 6s. Id.;,sundry, creditors, £45 10s. 7d.; Total, £4027 !6s.*.Bd. *' Dr.: , By property account, £1367 ss. 2d.; mine' developments as per last balance, £2236 18s. 10d.; Bince expended, wages £241 15s. lOd., general ' expenses £15 7s, Ud.,■salaries' £50,: requisites £6 13e. -. lOd., directors 1 oxpenses £9; cash balance, £100 15s. Id. Total £4027- 16s.' od. • .•*■-,. . New Waitekauri.—The half-yearly meetinc of shareholders in the New Waitekauri Gold-Min-ing Company was held at Auckland on Thursday last. The directors reported that as a resnlt of information supplied, the monaster lately recommenced on a reef between tho Queen and Horn level* , , by driving north' thereon. This reef, about sft. wide, has been driven on for 25ft., and shows highly payable values for tho whole of that dl-jtnico. It. is intended to prospect tho reef south , from - the rise, no work havinjf been done on same in that direction. The directors aro pleased to bo able to roporl having mot with good crushing ore, and though-sufficient work linn not been done yet to estimate its extent, they hojio that further operations' will prove this find to be a valuable ono. The-state-ment of accounts for the half-year ended August 31, ISO 9, shows :-Roceints: Balance- in bank and on band, February 28. IK9, '£127 100. 2d.: en Us,' £255 2s* 9d.: calls recovered on forfeited ■shares. £176 16.i. 3d.; bullion, £6B 35." lid.: oro 'cruihtng, £149 19s.i .fiOnilrics,'£6,lss. 7d. ■ Total £784 7s. Bd. The expenditure- was—Mine wages and anpplie**. £178 3s. 3d.; battery wages and supplies, f 179 Oβ. 5d.-. sundry creditors, Febru.ary 29, 1909, £95 Bb. Id.! Renoral chariroi, lncludinu rtot.M? !<•■- «a.i "»n.fn Jmaa-and on nani; £2M U, 64. • Total. Ztti Jt. JO. - *