MINING NEWS.

Dominion, Volume 3, Issue 771, 21 March 1910, Page 5

MINING NEWS.

WELLINGTON' SHAKE MARKET. A quiet -market with; few' sales fully describes the on Saturday. Old Hauraki had' qtiittanoi? at is. 2d., which is a hij»h. price, but "shorts" must deliver whatever' the price. The sales recorded were as under:—'. New Sylvia, 4s. 9d. (first call). ' Old Hauraki, -!s. 2d. (first call). .. talisman, 525. 3d. (first call). Waihi. Grand. Junction, 325. 9d. (fid* call).. -' ■ ■ i .-'!-.: \" "■ QUOTATIONS. ...

...The court* of sales during the past week was as under:—, : New Sylvia, is. Bd.. is. 9d. - '-. Old 'Hauraki, 3s. 9d;, 3s. 9jd., 3s. lid4s. 2d. .' Saxon, Is. S{& . " '■ ' ' ■ Talisman, 535., -535., 525. 9d„ 525. 9d, Ms.'3d., 525. 6d.. 525. ,6d:, 525. 3d„ 525-6 d.; 6d.; 525.,6 d.. 525. 6d.. 525. 6d.; 525. 3d: ' ."Waihj, £S 15s Sd., 125., 125... •■•;••:'' /Waihi Grand Junction. 345., 335.' 6d„ 345;, 345. 3d., 345. 3d., 325.- 9d. '. > < Consolidated Gold6elds, ; 225. . 6d., 225.' 4M., 225. 6d., 225. 6d.'- ■ Ross Goldfieids, Ss. '3d. . : ./;.; ..;'.." STOCK EXCHANGE.' (By Telegraph.-Press 'Association.! •' ■ ■'.•-."! ■■'•■''■" Auckland, 3[arch 19.■■■ ■- Business-was done this morning on th* Stock.Exchange/ as/ follows ':—' Kuranui Galedbpian.Ms. sd. . '■'' ' ' ' . JlayQrlwn', 4s.'3d. '.-■. , ',' ' \ Waiptahi; 45," Id.''.;.':, . -.■'. /■,'") . 'Mount' Welcome', ■ 6}d. - • Hauraki,-45., 4s. Id. ' , .s Crown,'ss.i' ' <■ '■'.■''• Saion.'.ls, Bd. - ■Talisman,. 52sV 3d. .-..■■:.. ■'■Waihf,'.-49.'75: to :£9 Bs:'Bd. : '■•- - Grand: Junction, 335.' 3d. '"" '" "'' 'Northern'Sfearii. Co:; 6s'; 9&'. : ' :'",.".' : "' 'D.s:e.r2s. ; iH.;:: v : o' /•-:.' .>--.

DKEDGING \(By_ Telegraph- Association.) '. , ■ ,v Dunedin, March 19. Dredging returns:—Piint,- Ucs.'-ldwt.-W 12j:hours;..Worksop,' 320z. Id'wt. for 121" hours'; "Waikaka tJnited 'No: 1. 31oz. 14. dwt,... for ;113. hours; TCaikaka United No. .•2,;. 15oz. .lOdwt. for 123. hours. ; r Dunedin, March 20. Dredging < returns :-Kising; Sun, 78oz. • lOdwt.*; ; Golden -Bed,' : 520z.';- 'Molyiieux' Hydraulic, 340z. Sdwt.; Golden Treasure, 260z. lOdwt. s Sandy Point, • 250z. I9dwt. j' • Muddy. Creek I, :240z.~ Bdwt.; New Box-' burgh. Jubilee, 15oz: 18dwt.; Olrig, lOoz. 2dwt. • ■ /..■ .A ..MINE MANAGER'S'EEPOETS. _ Victoria.—ln .'■ the' stopes above No. 4 level' the" prospeots 1 arel similar to Jaist repori... Below the No.'3;level the winze is being- sunk between two reefs divided, by; 2ft. 6in. of country. The footwall, appears to be mating toward the hangingwall reef; and should" junction a± ;a depth. .The haagingw'all shows colours of-gold. ; -.. . • ■ .'Teir.ua Monarch.—ln No..' 2 level No.'3 reef; north, is' now about '3ft. in thickness. The ore broken shows good dish prospects; and occasionally dabs of gold can He.seen in the stone. In -the south'face'the reef is the full width of- the-;drive.-.The'oi© broken shows, fair dish,prospects. .Karaugahake.—A "start-has been masde to..drive on a reef-which' is 84ft. we9fc':: or o:r;.-"ide the big reef.-' This i£ about."; 2ft....wide, and the' quartz carries a r fair.. amount of bright material-.-' . ' . is Bendigo.—Men -have been; engaged in". , the ■ stopes breaking ore■: from - the. Silver King reef, which is at present 'about '12ft. wide. All the ore obtained is being 'saved'. for crushing. The \ contractors; 'for' tbi ■'■' water race and'battery are',pushing (at. the work, and have, made good progress.' New.; Sylvia.—ln tie- drive north at tfta 16-^'level the. reef- keeps its\conisa, bat. varies ,i-n values,..the- ore. being more of n. puggy nature, ;with.galena imbedded, in the pug in bunches. When assayed sepa- . rately ; . it-gives, very .fair .values. Ilia • face.is .getting, under....Quiim's winze- ia the Upper" level, 'from' .which it is re- • ported very rich ore was No... 7 2 ra'oe is -timbered to . the-floor of tb»-.\ upper,level. : . ;.. ' Occidental Consolidated.—The. leader is : enclosed in a good class .of :rock. It . show? a .little : gold each breaking down.' Halcyon.—The main crosscut is. in 202 ft. _ A small , vein of silica quartz has crossed" the face. The present reef .has bean driven on 12ft: The. quartz fehowe: a fen " oolours of'gold, and is very heavily mineralised. : ' . '

Watchman.—Three 'shifts ! will; now In : engaged pushing on work at 'the charter • level with'all possible speed.. Golden Belt.—At No. 1, level; rise Nb. i 2 is up 70ft., and the 'reef' is : 3ft. wide.' More 'quartz is making in -the foot wall. The oountry in the low level is: getting firmer. / Waitajigi' Consolidated.—The drive a , the western section is "in 177 ft.: Good, country, is being ; penetrated. The Beach... level 'l'araru is in-61'ft.. . .01d> Hauraki.—The drive on the mew; reef at the 400 ft."level is in 37ft.-fTom .tio' rise.' -The reef, has .. been.. somewhat smaller; 'ajid although': the .-'indications, continue-. favourable, no. gold ,ha 6 .been, seen. ;'A 'considera"ble amountiof water; iq coming-froni. the face; ' The Green Harp. reef" is 'from 4in. to"Bin. ■ 'in' width; "So" far. no' gold ' has .been seen.,-. The .inter-, mediate'-.drive,'on the new reef is along 3oft." .from-the i rise. / The r«f ."pinched for.tliree ,or-fonr .feet, but-made again oh Wednesday, /when. 101b. .of/specimen ; stono was. got, /making.-the , totSl. for - the week 301b: . The...face!,is from ; 6m. -to.;loin.' in width,'- with'., the'same" .''vugsV/ arid-min-■ eralised stone: as.- where'.the', rich-, stone • was"w6h?ih. the'rise. . ' The sudden' chaige in the, width' of the .reef'. is characterist'io' of a.ll the gold-bearing'reefs in .this , mine.l A't-the' 300 ft:> level;! on 'the; now. reef, the - country:'continues ■ fairly hard: The, reef is 3inT. br,.4ih:'in 1 width;,' At' the. Bunker'sintermediate,"' a-• favourable ' change of' country. has ' been; met': with. ' The, quartz . has ,opeiied'-.out; : to • 9in/-.ia- width/ - The manager. adds' he'- is satisfied ■ this- is' tha , new. reef.; \';j'

new reex. . .. \ • A;; ' 'Kuranui-Galedonian.—Graham's leader was met, with,"about' 3in. wide, composed of kindly-looking quartz.: The leader in Kelly's crosscut has split-into .two. parte.' Thames.—The Cambria reef is fully sft; widoj' composed of very hard quartz, intermixed with nice silica veins. Nothiny of any value has been seen. • : Royal Oak.—Verjr. little ore has been shot down as yet in the winze, and no gold was seen. A largo flat reef has coma in and junctioned.with.th3 reef from the hangingwall side, which at-present i 6 disturbed. The.gold-bearing leader has been 'carried off on the wrong under-lie. ' Tha rise .being, put on the hangingwall leader :is 50ft. above No. 6 main level. Another 14ft. should be the same height as the D (intermediate) level, where very good . ore was got -in a parallel lode, about ,40ft. to the hangingwall side. , Golden'Pah;—The men have been eleajv ing and repairing theJtf.E. drive towards the Hauraki boundary, as the manager intends, driving on a nice oompact leader in. that portion of, the mine, which gives good prospects by dish washing. • The leader is from 6in. to a foot in width, and the quartz looks well. Jfacdonald'fl leader, wheh was disturbed by the ; break, has been picked up again in tlia hangingviall. The quartz loots well, May Queen.—ln a few days the niaitf ager expects to have No. 9 level fixed up wnere the timbers broke down. In the northern crosscut, the stopes and. passes on No. 4 lode, axe now in order, and stoping westward towards the winze liasibeen} resumed. The quartz shows gold freelyx and,a, little picked sfwne has been! selected. The stopes eastward - are now being picked up. - At-No. 6 level stoping is proceeding on No. 4 lode above the intermediate leveL The quartz shows gold, and should bo of - fair gnufeu

.-,' Buyers. ■ Sellers. Saks. ■£ s.d. £ e.d. £b.A. Dominion I Oil 0 1 T Kuranui Calo- ! donian ...... — ' 0 1 S — Maoriland ...'. 0 0 3 0 0 6 — -Mountain King 0 1 1 0 14 — Newjylvia .;. 0 '4 S 0 110 6 i 9 Old Hauraii .. — -■ ( j 2 Saxon ......„.'... |l 7 ._■ ■ -_■■ Talisman ...... —. . 2 12 3 2 12'8 Waihi 9 7 0 9 8 6- — Wsrihi' .Grand Junction .... 1 12 0 1.13 0 1 12 % Cou.'.GoldMds 110 1 ,2 0. — JCevr;Big Diver. —. ,2 3 0. — Process ....... 0 H. .6' 0 15 B — Eof-s Goldnelds 0 S 0 0 8 6 ' —"