MINING NEWS.

Dominion, Volume 5, Issue 1347, 26 January 1912, Page 8

MINING NEWS.

I j WELLINGTON SIIABB MAEKET. \ f.ilc of Waihi shares at the low price or £9s. was the only Irane-acti-an recorded yr-lerday. 'Hie lniviiis and selling nuotations we're as under:— Huycrs. Sellers. £ s. d. £ s. d. Bonanza - - J 0 2 Ticminion " 0 0 o Now Hie lliver 3 15 It New S'.ivia 0 1 o (118 Occidental ' n ' •' T(o-s lliTon-tnicicd 0 j 6 n ', fi Talisman 2 10 9 M'aihi 2 8 n 2 10 0 V.'aihi Grand Juliet ion... 1 7 .i 18 9 Wa.iula.hi - 0 4 5 Wnitansi 0 2 S 0 2 1! Kotuku Oil (10s.) - 1 'I 0.

STOCK KXCRAXfiE. Itty Telegraph—Pres.® Association.) Auckland, ."January 25. business done at this morning's call:— Moiiowai, 3Cd. Waiotahi, 4s 4d. Wnitaiipi, 2»«. 9(1. Mount Welcome, 4d. Crown, 2s 9(1. Wailri, jl2 10s. (iraml .function, .€1 Oh. 3d., £1 9a. sd. "Mountain Kin*?, 3d., 2id. Waitaia. 9d.. 6Jd. Northern Steam fpaidl, 14s. 6d. The following sale-!; were made at. the 3.15 p.m. call of the Auckland Stock Kxchnnirc to-day:—'Waiotahi, 4s. Waihi, 48s. 6ri. (reported), *3s. 6d., f S>., 3d., <&?. Ouncdin, January 25. A f=a,lo of Waitangi shares was made on the Stock Kxrhnuge 10-day at 2s. 9d. WATCHMAN GOLDmNIXG COMPANY. During the past week the Xo. 1 rise has been advanced a further distance of 6 feet, making a total of 27 feet from the floor of the drive. Owing to the reef being divided with a rib of sandstone, and being dcsirable t to keep both # hanging and footwall portions in hand, it will be necessary to corohnnc the ri*c, as mentioned in my last week c; report. The quaj"te comiitg to baud is of a. kindly, friable nature, with zinc blend and sulphides iut-crinixcd, and occa» sionaliy show? gold in the stone. Parallel Reef: Two shifts have been engaged driving this facc, and 11 feet having been added to the dfetance, makes a total of 67 feet to date. At tlifs point there are signs of the two ril>3 of ouartc coining together again, as the sandstone is making smaller, and the hanging wall portiou hfis heaved considerably to the left. I am of the opinion a few more sluftfi will see one body of Quartz. The ore broken from both ribs, continues to show gold m the stone, and has been saved for treatment. Xorth-west Crosscut: One shift has been engaged advancing this facc, and 7 feet has been added to the distance, making a total or 19 feet to date. There is no change to report to that of last week's report. »South-ea.=t Crosscut: Two men have ad* vancod this facc 6 fcofc through a face of all ouartz mensurln# about 7 feet, and although no gold has bccii sceu, the stone iV.fi a ,un( My appearance.—(Signed) H. A. Hui, manager.