MINING NEWS.

Dominion, Volume 3, Issue 676, 29 November 1909, Page 9

MINING NEWS.

■WELLINGTON MINING MARKET. The oulelnerfß of thfc market..wag again- emphasised on Saturday, 'and. the close of the wecli saw values down to their lowest. 1 , The sales 're' corded on Saturday were es follow:— Kuranui, 7d. 'scrond call). May Cmesn, 3s. 3d. (first call). ' : Saxon, Is., 'n. Aid. (first call). 1 ., . Talisman, £5 Cs. (first call). Waihi. £9 16s. 6d. 'first call). Waihi Grand Junction, £1 18s. 61; (socond call). . QUOTATIONS. Tho latest quotations, with last recorded sales, 1 were as under:— _ ~ •„ , • Buyers. Sellers. Boles, £a. d. £b. A. £s d. I Dominion — 2 2 5"" i Komata Becfo —.. — E 9 9 2 A • Kuranui $ | ■;.# » ' 11 » ' kuranui Caledonian ... 01 0 «J } — Hay. Qufccn 0. 3 1 ;0 ! ti i Maorfland 5 2 f 5 N.Z. Crown 05 3 !; 0 J j — Roliauce - ; —. • 99 i Royal Oak i. #11 S } 5 « Saxon 0 10 Oil 1 "! Tairna Brokon Hills ... —.„ '5 .J : , „ Talisman 0 : | ' M • Waihi Grand Junction 1111 6. 119 0 .118 6 Waitao;,! •? J ', •> . Blackwator .. -.. 1-6 0 -1 Con. Goldficldti ■ 016 o■. ft — Now Alpmo icon.): .S.X-S ~ .- Procress 012 0 012 6 - Ross GoldileUa 09 6 010 0 —~ Tho eourso of sales dtirinc the past week was as under:—/ Golden Belt, Is. Kuranui, !d. • Kuranui Cawdonian, Is. 3jd. May ..Queen, 3s. 3d. •. Smoii, Is. 3d,, Is. 2d., Is. 3d., _ ls„ Is. OJd. ' Talisman, 495.i ,48s. 6d.,. 48s. 6d.,. 475., 405.: ud. t <63. 6d., 16s. ' Waihi. £9 !5n ii. ' Waihi ■Extended, As., 4s. • Waihi Grand Junction. Ms. 6d:, 38s„ 38a. 3d.. 385., 365. 3d.,.1i5. 3d., 38s. 60.. 38s. 6d„ 38s. 9d„ 38s. 3d., 38s. 6d„ 35s 9d., 38s. 9d„ 38s. 9d., 195.. . Waitanei, 3:1. 4d., 2s. 4d., 3s. 3d., 3s. 2d., 3s. 2d„ i 3s. Id., . 3a. : V Con. Goldfield?, 15s, Od., 16a., 165.. i.6s„ 16s. lid. New Alpinu '.paid), 3b. 64.. •. , ■ . ■ Boss Goldficlds, 10s, 9d„ ICb. 6d„ .10s., 10s. 3d. -- The Wellington Stock IvxchanßO received the following telogram oh Saturday Big .River south muio report for week ending November 25:. The contractors have, extended tn-a tunnel «iW making 37/ ft.. driven. In the early part of the week the ground was very hard, urogrcsß beinß alow, but now better ground is i showing* in tao lace. Tho.reof cut in tho previous week show very fair cold." j . Tho following cablpv message was received by the WcMiteum .Piock ExohaMO-.:on •.Friday:Gibbs, Bright and Co., amenta-for: the Sulphide Corporation, Limited, have been .Advised by cable* gram from London that tho directors will re* cotnmeiid at the annual mectine -on Decimbor 15 a dividend of 10 pet cent, on preference and' ordinary shares, payable on 1 December 30. Tho books clod from December 4 to Decembor 24 inclusive. - AUCKLAND TRANSACTIONS. (By Telegraph—Press Association.! Auckland; November 27. Business dono at this. momluc'E cflll fif this Stock Exchango included May Qilctn, 3?. Id.: Sylvia, 45.--Ida.; Watchman, Ib. lid.:. Talisman, 475.; 'Waihi Extended, 3s. lid.; Grand Junction 395. ■

MOIiNT liYELIi. ... ; ■ iliy Telcgrapti.—l'foss A**itnlnllrtn.--CrtpfrltfM i HolbOurnti November _27.'_; j At the half-yearly moating ,o( tho Mount LycU- ■ Mining and Hallway Oompaiiy, tho report, which ■ was aaoptod, showed that tb.e development work . ;wtts of a gratifying character, and inc uSed a valnablo discovery in the Horth I.'vc.l nine, ■where: ft now body of good ore was &UtieK. 1 It was decided that a committee of the board bo appointed to deal with tho smjerphosphato , business of the company, and that.tho remuneration of the coniajittcos should not cxcocd £25C0 per annum. . '.' 1 , Including ■ tho one to bo paid on; December . 15, the sum'of £2.435,674 has been paid,in divi- " ' ■ DREDGING BETUENS. . • (By 'Telesraph-Presii ■ ;Asst«i:itlon.i:. Dunedln. November 27. Additional dredging, ,United No. I, 250 i.: No. 11. 34oi.'6<fwt.: Pant, fio?. 2dwt.i Now Trafalgar, 220z.,: 13dwt.;_ Blsinfe ■Stjn,.42oz: lOdwt. j Eiiey'a. Revival,■ 2Coz.; Enterprise, 302. ltdwt.; Blackwater Rlvot, 190~ 7dwt. . ■ Dunedln, November' 23. ' Dredging return^:—Eleo and Shine. No. I, 60oi. ldwt.i Golden Bed. 630z,: Itiso No. 11, 28o«. 19dwt.i Molyneux Hydraulior27os. 16dwt.; Muddy Oreok. 18oi, lJdwt.: Olris, 1.5o». Bdwt. . | . . MINJ3 UANAGEHS'IIEPOItTS. . Maoriland.-In the drivo north on tho Young Now Zealand reef the out into tho. footwall at 40ft. has been extended 4lt,' making a wtal uf Oft. For this distance mtoerallfccd seams were passed through. In the, drivOv.south <» -tbo brown portion of the reef on the drive has hecn extended sft., total <Bit. A. little gold h(L9 been sjeen in a rib of stone three inohes in.width on the hangingwall. Everything is in' readiness- to start tho ..mill- with, two shifts, on. Monday. ; : : . Handsworth Tnited—The btama level is being repaired so that a. survey can bo taaoo and seo if tho Otama leads correspond: with thoso in the 1 Handsnorth section. ■; There is also ground in the Otama portion of tlio mine woll. worth trying,- and the opi-ning-up of thiß level will fcervo a doublo purpose. In the Irene section the contractors havo completed tho 15It. or amins. let to' t'nem on the south side of the crosscut on. Huntley's reef. . This reef has improved in quality, and the manager, tjunksthero; is a payable block at this Ecction. of the mino. The tributes ire crushing 10 tons from their block in the ten level of tho Hands-worth section at the New Waitaia Co.'a battery now. J Mountain' Queen.—Tho reef has .'straightened lip considerably, and tho dish prospects aro decidedly better. The country- is firmer, and is interlaced, with silica and ironstone veins. Mountain King—Wtrk lino beim steadily ccr. ried on in tho stupes. The auartz-coming to hand is of a fftir grade, and shows nico seams of sulpbido, and strong colours of gold can bo seen is the sulphido. Tairtia Monarch Consolidated.—The-lovt lovel drive north is 146 ft. f The reef: is-- about'4ft. • wid», of a rubbly naturo, and is oncased in a good class of brown sandstone country. No. 2 lovol drive on the striking of tho reef has been stopped for the - present," and. a. start made, to extend tho No. 2 iovol to intersect the reef that is , showing in the hangingwall of No. 2 reef. About 30ft. of drivinp Bhould. see this, reef to .hand.';.' ■. '"'.''-.v',.'7'' ' New'Waitaia,-In the block abovo the intermediate level the reef iB 9in; wide,-and shown : colours of gold in tiff stone. The trial parcel of- IS tons from the blow 'at No.: 5 level: has gone through,'tlw stamps. Tho slimo bullion will bo melted to-morrow, and will give an idea as to how they are going to shape. Tho: low level is in 198 ft. The .water-race (12 chains in length) to provide an air blast for the low level is com-

Talrua Beefs.—The crosscut is still 'in a splendid. class of mild sandstone, with mineral veins crossing .tho face. . Point ■ Russell.—The rise has now attained a holght ol 101 It., and on Wednesday holed through to No: 1 letol. The ventilation is now, all that could be desired. Work.has now been-resumed in the winze bobw the main low .Intel,' and also in tho stopes above. ; J: .* Watchman.—The level is in 121 ft: The conn-' try is softer, but no quar.tz of importance has boon mot with. Quarts stringers and silica veins oontinuo to cross the face. Tho surface level is passing through soft andesite intermixed with quartz stringers. ' New Sylvia.—No. 2 rise is np 31ft. The. reef maintains a large size, with quart: much harder to break out, and producing-ore of good value, the ore from this aourco Mini; paddwked as 1 flrsWlass. In' the north face work 1b being continued on a strong body, of org ; ahowiyg strong bands of galena ore. The hanfeinewall portion of reef is the richest in minerals, being classed as No.'l ore, and the football portion as No. 2. although samples taken from tho full width give ' payable values.' : (Southern Queon.—The reef is Bin. and encased in good country. . Tho ■ quart! Bhows bright minerals, and several colours of gold were seen during the. week. . ■.■■■ Waihl Beaoh.—Tha north" face is in 791 ft, from tho main crosscut. A little moro water is coming from tho face.