MINING NEWS.

Dominion, Volume 3, Issue 695, 21 December 1909, Page 10

MINING NEWS.

■■■.-■ MINING MARKET. Comparatively, few eafes wore m'ado yesterday, the outstanding feature of the market .being the further decline in:the,value of Talismans. The sales were'as under :— Reliance. 4Jd. (third call).- i •Saxon, Iβ. 4d." (third'call). ■- ■ '• w al !E™n rt ' 41s -^ d " 41s. 6d. (third call). •:■ ■ ' Waihv Grand Junction, 355. 3d. isecond call) ! .Consolidated Goldnolds, Me. id., (third call) 'Muddy Terrace.• 28s; ; (first call); ■;■ '■". V QUOTATIONS. ■'-■ ";'■'■''■'■■:'■■ ' The latest quotations, with last recorded sales were as under:— , . ■■ ' ■•'■■" ■ •.;■., ..-.-,•. , Buyers. Sellers.. ... Sales. Dominion' ........... **-*■' '$%\ "'*h* Kuranui ~,..; _. ~0 oin ■'' _ Kuranul Caledonian ...;-,O'"l'O ■'■'— . '; _ May Queen , ; :..:....:..,■ 05 1 ■o'S 3 ' c - Mountain King ...., _, 0.10 -^ rl./j.. Crown osflnfin _ Old HauraM ~ ; .• 03 4 035 ■- gwianco ...:.. V .........X o ■ oJ-si oo 4j od 4» Tairua BroS'iin'ia'Z'l 0 I'o K ■-.' \ ~- Waihj' ■.;.... i..9 12 6 ■"■■'-. ■■"_■ Waihi Grand .Junction'l.ls 0 l'ls 3 lis x JVaitiinei r-..;;}0 2 8 0 2 7Blackwater .:,-.; ■■"■•<■ — 16 9 — Con. Goldfields ....■ 017 3 017 6 017 6 New Alpine (paid) : ..-.. ,019" _ New Alpino (con.) — 'o l ; 6 '_ . New Big Eiver 2 2.0. 26 0 — ' Boss Goldfields 0 8 9 0 9 0 — liluddy Terrace — 18 3 180

j , V .•■; ; •;..• STOCK EXCHANGE. ■ (Bj TelceraDb-Prrn Arioclitlon.i I■n' •■• ■ ■.•■■■•■■"! Auckland, December 20. Business done at this morning's call of tie Stock Exchange included:— , Monowai, Is. Bd. ■■ . \ . ': Sylvia, , - la. 6d. ■•' ■■:.■• •■■-••'. .-.- ',;■;•■ ;■ .., . Saxon, Is. 4d. • ' ■ ■ . WaiotaKi, ss. ■ 2d.,45. lid.' ■ "■■':'■ ■ New Alpine (paid), Is. 7d., Is. 6d. Boss . Goldflclds, Bs.'6d., Bs. . : Hauraki, 35..6 d. to 35.. Bd. , Talisman, <35., 425. 9d. .••.''. V Grand Junction,-J r ,i 6d. ■ ■:'"■'■■ - Tha Jollowing sales were reported this afterMay Queen, 3s. 3d.; 3s. 2d. ' s '■'- "••' New.Sylvia, 65., 6s. Id. . - ' : Victoria, is. id. -.-■ '• '■, - ■ ■'•■.: , ■■ Waiotahi,4s. 10d. ■ ; ■' ■ Old Hauraki, 3b. 6d., 3si'?d., 3s. sd. Talisman Consolidated, «s., 41s. 9d., 42>" Waihl, 1945. 6d., 1955. . '. . TVaihi Grand Junction, 355. 3d.; 355. Phoenix, 3d. ~ , •_' . ■■•."•■■■.■ Dunedin, December 20. ■; Stock Exchange salos:-Old:•■Mauraki,-Sβ.' 5d ancer .±3,165. Other sales reported :-Waihi ■ Grand Junction, 35a. .3d.;-Talisman, «s. 6d

;■" •' >MIKB MANAGERS , ,. BEPOKTS; "•: ; i^Mountain... .Klng.-in.., the .intermediate level ,there are. numerous .leadere••.crossing 'the' , face jWith; a big 'flow of water. In the stbpee.-south .the,-reef iS/improving' in 'size,; and. still.- , showa goldjwhen taten down.! North the reef, shows strong colours/and, seams of'gold well: distributed through: the.ore. ■ '>— '■■■■■':■■.■■'■ New Waitaia.-Tho dirt -boin'g treated , ' from the .big. stope.fold -workings) has b'een'-discon-tinued after ■ crushing 33 tons. The battery is now running ■ on ore being won from -the big Blow at'.No; 5 level; and- the fuanager. is hopeful that this; will more'than pay its way.- The stone, being clean, it both crushes and cyanides well.. On Saturday,. DecembcrMß, tho mine and ibattery will bo closed, down, for the Christmas -holidays..-, '- ■ ,- '. *■ : - .-. ■ Haridsworth United.—ln. the south drive : at low lovol, the lead appears to be in several sections at present, hut is. producing ' a little - picked-.stone.-A leading slope will shortly be started about.-this .point. ... : •' . • i'-.■:.'■-.■ •■ i! ■ Scandinavian.-The .Nightingale. reef has been looking better, and the country is a .firmer description. -The (iuartz carries good copper. pyrites. L6wrie'3 reef continues to look well, and the quartz broken during the week showed strong colours of gold.- ■ .. .' " ;■ May. Queen— Stopmg on-tho footwall branch leader is producing quartz showing gold, with occasionally a little picked stone. The hanging■.wall branch at the. intermediate drive shows -gold pretty, freely each breaking-down, and about 101b. of .picked Btone has been selected during the week. In the' stopes the quartz from the footwall branch leader east showed 'gold.freely, and should be of fine-grade at tho ibattery. Crushing is proceeding. In tha Moanaitaiari section the hangingwall leader has dipped :into.the.western'end of the rise.:.-.Vary little ■quartz'having been broken,.the manager cannot ; say anything yet. as to. its .value. /'.-! '•■ Old. Hauraki—4ooft. level: As reported by • wire, -741b. of specimen stone and 51b. of picked ! stone have been won from tho • rise. Specimen stone is, still showing.,. The reef is up to lft. in width. Some of the specimen stone is 3in. in width,,' the gold ■ being coarse and heavy, characteristic of Hauraki stone. ' The riso has been advanced only 6ft., making a total of 35ft., and leaving about 40ft. to connect with-the bottom of the-winze. . Referring to -work at tho 300 ft. level, the'manager states that.No.l stope has been advanced 7ft., and No. 2 stopo 6ft. Tho reef looks promising,' though no.gold has been seen,for theweek. The rise has been advanced 6ft.;."and''a drill-hole *28ft. in- length put up. The manager expects to ■ tap ■■ water any time now.: -. .•■ ■ v '■ -•■ \ • : Eoyal Oak.—The new lode in the face at No. 6 level is looking very well; though ■ at present gold is not visible. The smaller lead in tho Eame face is-highly mineralised, and is running partly with the big lode. On Friday morning the men resumed sinking in the winze. Good mineralß are shpwing, and tho leader, especially in the western 'side, is of good size. In No. 3

stopo off the winze coloure of gold are visible every breaking-down. ; ■■■-.. • w . n «s? man - _Tho crosscut at the low level is in 155 ft. from the flat sheet. Quartz stringers continue to cross tho face at intervals. Tho i ea , *l as 'ho same strike aid dip as tho Windtall reef. ■ i Dixon's Consolidated.—The reef at No. 2 level maintains its size, and looks well. In the dnvo on tho big reef formation at tho low level ciuartz is still,showing strong in the face, carrying mco minerals. Golden Belt.-In No. 1 level Bouth the reef in the stopea is rather disturbed. During tho week a few pounds of picked stone wore secured. In .No. z level the Ajax reef shows colours of gold. Dominion.—Tho drive is in 278 ft. ' Work wae stopped there, and the men started to drive south on the last Quartz formation met with. - Now Waitekauri.-The stope above tho Queen level has been stopped owing to tho prospects not being good enough. The manager hopes to get into tho block which Mr. Christie advised him to try before Christmas.