MINING NEWS.

Dominion, Volume 3, Issue 680, 3 December 1909, Page 10

MINING NEWS.

1 WELLINGTON- MINING MAEKET. A good business was done in mining shares yesterday, so much so that it would almost appear that a revival had qet in.--Values, however are very low. The sales wore as under:— Golden Belt, 7}d. (first call); : , May Queen, 3s. (first call),' 3s. (second call). New Zealaod Crown, ss. .Id., ss. 2d. (third call). Royal Oak, 12Jd. (first call). ■;•-■.. Saxon, 12Jd. (first call).. '■-' ' Tairui Broken Hills, 121 d. (first call). Talisman, £2 4s. 6d. (third call). : . Waihi, £9 13s. (second call), £9 13s. (third call). : Waihi Grand Junction, £1 IBs. 3d. (first call), £1 18s. (second call). . . • ■ Waiotahi, 4s. lid. (first-call). ■ New Big-River, £2 2s. (third caU). .'. ■■ Progress, 12s. 6d: (third call). > ■ Boss Goldfields, 9s. 3d. (second, call), 9s. 6d., 95., 9s/. (third call). ■ ■:■ • . ; ■ ... . ' ■-. ... •'■.'-' ,';..' -QUOTATIONS. .; : .'. . The latest quotations, with last recorded sales, "were'as. under:— - ;: '■ ' ' .' ' ' ■ .. Buyers. Sellers. Sales. '. -•■■-■' ■: ' - .-:■ £8.A..£5.d., £-s d. Dominion -.....:.. — •■ 0 0 3 . ..-.— - Golden. BoD (paid)'. O-1'0: , ... —:-■ ■. ■-. ■. Knranui'- .......,% .;.;'. .0 0 4 ■■■— : .■ — Kuranui Caledonian -;..-: 0 10 0: 1 3 .- — May Queen ......,<,.,....... 03 0 ; o'3 .2 i 0 3 0 Mttoriland .......;.....:... 00 7 00 9 ' — - Mountain King •;.-....'....: - • 0 10 .• — • N.Z. Crown'■;.....;;;.:■ 050 0 5,2 052 New , Sylvia .-':.„..:;.; 0 5 0' 05 N 3, - Boyal Oat ..; .V. ,0.1 0 ■ 0 1 3 0 1 0J Saxon „...:.....: 0 1 1 : 0.1 2"0 1 OS Tairiia Broken Hills:.. 0i 0 o'l- 2 ■ 0 -I'DJ Talisman ..........;...:...; 24 3 : 2 4.6 2 4.6 ■Tangiaro ■ ...'.......',0 0 .1. 00 3 --. Waihi ...........;......;...;.... 913 0. 914 6 913 0 Waihi Grand Junction ■ 117 6 117 9 118 0 Waiotahi 0 4 8 - VO 411 ■ Waitangi ....: 0 2 9.030 - .Blackwater ..'.. ■.'.:..;..... 1 6 J ' 1 6 9 — :,Oon.' Goldfiolds '...V. Ql7 0 .0 18 0' .-:'. New. Big River .;.' 2.2 0. 2 5 0 22 0 . Progress ■..:....'......;.';.....,. 012 '3 '' 0 12 9 ■■ 0 12' 6 Ross Goldfields ~;........ .0.90.093- 0 9 0 : ..■ The. Wellington,' Stock Exchange received the following ■ telegram ' yesterday :—.'Hahagcr's . report, New Alpine,::jveok -ending.--November 30: North, drive extended 25 feet by/contractors; total north from crosscut, 385-feet; in the early part of the week the ■ ground was hard, but we Jjiave. got: through this ibar to-day; the nice change -in < tho .face.'.Very favourable : for the reef; there, has!.been- stone in 'tho;'bqttom\of the ' drive- for tho V greater ' part '• .of'.' the; week, but,of,no ; : . ...•,-•■'; . . ■ : ':[ - : .:.-■' STOOK■ exchange; , ';■.-''-.■■'■■ ■:;.•" ■•!;' (By Telegraph-Press Association;) . .-.'■■'.■'■-. Auckland, December 2. The followini;. business was done on the Stock Exchange this, morning:—May, Queen, 3s.;:Syl:via,iss. 5d., 6s. 4d.'; Waiotahi, 6s.,■ ss. Id.;.Waitangi, 3s;; Hauraki. Is. 7d.;' Grown, ss. 3di. 6s. Id.; Talisman,-455. 3d,, 455.; Waihi Extended,':3s. lOd.; , Grand Junction, 38s. The following sales wcro reported' , on the afternoon call to-day:— May Queen, 3s; 2d.; Saxon, Is. ;■ Waiotahi, ss. Id., 55., ss. Id.; Kaponga, 6d.; New Zealand ■Grown, ss; 2d., 55.; Karangahake, 2d.; Maoriland, ,7d.; Talisman- Consolidated, 445. 6d., 435., 435: 3d., 435. 6d., Waihi : Extended,. 3s. 9d.; Waihi Grand Junction, 375: 6d., 375. '3d., 375;; New Sylvia, ss. Id.; Old Hauraki, Is. 6d. : / -'.'--' : ■ '■''■■ ■■■■'■ ' ',' vDtinodin, -December,-, a.--: , Stock' Exchange sales:— ;., :-.-,, .. : '. Wttihi Grand Junction, 383';, 385.;'375.' 6d.,'395.' , (forward delivery six ,weeks); •:'.- ..-,- . , ■- : .National Insurande, 275. 6d. (four parcels). Sales-reported:—;i ■■'■."' " ; • Waihi Grand. Junction, 38s. sd. ';'•■•'■ ■Consolidated Goldfields, 17s. .■':■.-'; l ■Union Steam, 335.,6 d.. ,■■■-.... .... Golden Bed, 15s. -,- .. ,' . . - "■'■:'■' ■■"■''

;■■.,;,- THAMES DEEP LEVELS. ; '• . ; (By Telegraph-Press' ''Association.)' ': \ .. ■■■'.-■' •",■■■ :'. -Thames,-December 2../ Kopairs arc now being made to : the pumping i plant owned by tho Government and managed by the Drainage Board. The broken rod' has beer, recovered, and rcpaire arc in hand. The I water is , now. at tho 650 foet level, and will not he lowered to the 1000 feet level until the end of February. ' ■• . • ■ -.' - : .■. '.. -,■• : .. MINE MANAOiiRS'-EEPOETSV: ,'. ~■,: . ''" -■'.Waiotahi.—The' manager reports-, as follows: Tho crosscut in tho main.reef from tho hangihgwall drive at the No. '4 level is 'in a distance of 19 feet. At the floor of'tho crosscut wo have just touched a network ofl quartz ■veins, "in which, wo seo: small cplours of'(told. So far thcro does not. appear-to-be .much extent 6f.lt,' but I shall be: bettor ablo to judge Avhat it is going to bo in "a/few days' time. , 1 Pride of Tokatea.—At the iow level tho'drivo on the course .of-lthb footwall lode is in more kindly : . country.. - Strong mineral veins have been passed through. Stdping east and west on the cross lode is in .progress. The ore coming to hand from the stope west. is of good quality, and up ; to November 26 121b. of picked stone were bagged, and. an additional 41b. the following day,-with strong dabs of gold left , showing. .'.■.. : . . . .

, Old Alburnia.—The east drive'is in from tho .winze .22. feet.. The reof ; still shows colours' oi gold , ,when broken down. 'In tho ■west drivo tho.Teef is 20 inches in width,, and some , of-tho iquartz- looks really well for gold. Keliahce.-Tho;drive'is' 'in-.; 160 <fcet. and the country now being penetrated. is much milder. Some smill leaders havs been passed through, one of which showed very kindly- minerals. ,• Kuramii.— Crosscutting in the low level to get vertically: bolowthc winze sunk from No. 4 level at. the lihcllback drive, is in country inclined to; be. rubbly:at, present; The low level'in the Blyth section i cut a : loader.-last Friday! , Thisis considered to. bo the hahgingwall of tho shaft leader. -•■ '; '■'■ Golden Pah.-The reef at '•the . junction- is 16 inches wide, and'mil now be driven upon. In the No. 2 rise there are 11 inchss of nice-looking .quartz. \ln No. 4 stope north of the old winze ■;thcro is a fine reef 1 foot thick,'close to whoru tho tributors got' gold. . '.'. r, . May Qucen'.-Only ■a littlo • quartz in email stringers is showing ■in the eastern end of the rise, in tho Mbanataiari section. In tho May Queen sectibn, what appears to bo a-largo clay break, mixed with flinty, quartz, lias been cut into 7 -feet. Tho quartz from tho footwall branch of No. 4 lodo.abovo the level frequently yields a little picked stone, and the ore gen." orally should be of fair grade. The hanging, wall branch leader looks very promising, and the,quartz each breaking-down shows gold pretty.;freely. A few pounds of picked -stone have been selected during the week. -.'.-■ ■ ' Kurahui-Caledonian.-The lirive on Graham's leader-is in. 474 foot. The leader is'three inches wide, and shows good blotches of mineral.. 'Old Hauraki.—At tha 400 feet level a change for the better has taken, place in the country The reef carries good , mineral indications. At the 300 feet level. No. .1 stopo, .No. 9 reef shows strong blotches of gold, and a few, pieces of picked stone were selected. A few colours of gold have'also been seen in ; the-No. 2 stbpe.i Royal Oak.—A-few stones wero got in tho second stope,-showing-blotches 'bf gold,-but the loador is small. A start will probably bo made this, week to sink tho winze deepor.as the. water is not heavy, and the reef is , -large. The reef in No. 0 face, main level, is 13 iiichos-to 2 foot in'-width and looM well, but no gold has been