MINING NEWS.

Dominion, Volume 5, Issue 1357, 7 February 1912, Page 8

MINING NEWS.

j WELLINGTON SHARE MARKET. I There were three sales reported yesterI dav of Waihi Grand Junction at Ms. 9d., which shows the pauic state of the market. The- buying and selHnt,' Quotations were as under:— Buyers. Sellers. .£ s. d. £ s d. New Sylvia 0 14 0 16 Ross Reconstructed — 0 3 6 Talisman 210 6 2 It 3 Waihi 2 10 2 16 ] Waihi Graud Junction ... 1 4 9 ISO Waitangi 0 2 5 0 2 7 The Wellington Stock Exchange received (hi- following telccram yesterday from the Old llauraki Co.:—"2olb. picked stone No. 1 Block, '100 ft, level." LONDON MINING QUOTATIONS, lij TcU'L'tiua-i'roiS A-M.-ciati.m Cor.yricV. London, February 5. The latest quotations are:—Waihi Goldmining. 365. 9d. (buyers) and_.4ls. 3d. (sellers); Grand Junctions, 25;. and 265. 3d. STOCK EXCHANGE. (By Teleirraph-P-ess Association.) Auckland, February 6. Business done this morning included:Occidental, Is. Id. Waiotahi, 4s. 2d., •!;. Id. 1 Crown, 3s. Id. ! Waihi, £2 25.. £1 Is. 6ri. i Grand Junction. £1 fo. | Mountain Kins. 'Id. I New Waitaia, "lGd. I Taupiri Coal, £1 Is 3d. I Mildness done at Iho 3.16 p.m. crII toKiirauui Caledonian. Is. 4d ~ount Welcome. 3d. Waihi, £2 Is. 6d. Waihi Grand Junctions. £1 So. Mountain King, 4d. Norllieni Steamship (con.). t>s. lid. Chrtsteiiurch, l'ebruarv 6. ! On the Stock Kxchaiiprc today the fol- ' lowing sales were recorded:--Taupiri Coal, i.l Is. M.; West port Coal, XI 75.; Mason. Slruthcrs and Co. fiJs. naiil). 175.; Whit- . e-'inbe and Tom!*, .CG lis. j Ditncilin, Kehnian- G. There was a sale of Waihi Grand .limetioil on liic Stock l.vcha-E- 10-dav -it ,C 4,. 9d. ,\ Mile was reunited al 11 1?-. o! I Miibuin I.i'.ne Co. slu're.-. | CONSOLIDATED GOLDKIKLUS. I Rcrfton. Felirurirv 6. I | The Consolidated GoldficUk- of New Zealand, hiuuuii, iciKiit that the criisluiiir re- , turn.-, Cor January on the company's group of properties, namely, tnc l'rogrcsis. Wealth of Nations, and Uhckwater mines were as. , | follow:—Progress cruElicd 5W tout, yield- I

iiiß 41oz. sdwt. of bunion, valued at £168 is. lCd.; aud cyaudided 600 tons, yipltiitig ' ll'Joz. Kdwt. of bullion, valued at £302 55.; ! estimated value of ruilphurets produced (3 I mined. The Wcalth'of Nations crushed ■ 1553 tons. yielding 4950z". lSdwt. of bullion, valued ■' ' :••' " i ■-. ■ ■ ■ < ; '„ tons. yielding 19?oz. 9dwt. of bullion, valued lit £61!4 Is. Id.; estimated value of sillphurets produced (Si tons), £113. . The Hbckwater Minif, did. crushed 2178 lons, yielding 3300z. ISdwt. of bullion, valued ' at .£3709 3s. 4d.: estimated value of MilPhurets produced '13 tons),. £235; cyanided 1231 tons, yielding 116oz. sdwl. of bullion, valued at £360 7s. id. 111X15 MANAGERS' KEPORTS. S.iiod.—The subsidiary crosscut ha; been advanced another 31 feet, only cue week I being worked during the fortnight, on account of water in the mine. A nice-looking reef, 15 inches wide, was passed through on Wednesday. Some of the' stone shows nice spots of zinc bloudc, but there is very little mineral in the stone, aud no gold was seen. ilt. Welcome.—The reef was broken down last Wednesday, and is, still carrying gold, The indications continue as good as ever. Since resuiuinjv operations in the winze, 16 feet have been sunk. Thames Deep Levels—The crosscut at 10CO feel was advanced another 53 feet last week, aud is now passing through good wnrktng country of ;i jolnly nature. Another 7? feet should reach the bouudary of the Waiotahi nunc. Occidental Consolidated.-The drive south on No. 2 reef is along from the crosscut -10 feet. For the Inst 10 feet the reef lias not been broken, but. will be Ibis week.North from the crosscut, the drive is in 12 feet, and a little gold lias been seen in the reef all the way. The reef is still allowing strong gold in the. face. On the Occidental reef a rise has been started for a second stope. So far, only the reef has been stripped, but a little quartz broken with the mullock, .showed (some good dabs of i gold. r Moanalaiari.—The crosscut at 10M feet is along 350 feet in the Jloanataiari ground. The country is getting firmer and showing i I quartz veins. I tioldcn Helt.-The No. 2 rise at the low I level is b0 feet. It is in Ibe country on Hie j I footwall side. At 55 feel a lode was cat i I into, which is a solid body of eiuartz, anfi | judging from its appearance the manager j is of "opinion that the ore is of payable uiialitv. I 1 Old K:\uraki.-Thc 400 feet level is along I ' o'iJ feet. Sloping: Two in No. 1 block proi ttuccd 31b. of picked stone; four stope; in No. 2 block produced a. few pieces of , i pirl-cd stone. In No. 3 block coluurs oT j i gob": were sren in No. 1 stopc. At the 300 | i .Vet. level the seaward face is along 311 i : leet. About half a pound of rich stono I i was got, on February 2. The reef is oin. tin width, and looks promising for" movo 1 goid being got. No. 2 block produced 51b. I of picked stone for the week. Kuramii.—The drive on Oddfellows leader has been advanced another 13 feet, | aud The junction has been met with. The reef still'continues to show si. little gold. A start has been made to sinkm the main level, where the leader showed good mineral" aud strong colours of gold. I'lns is being done to ascertain if values arc lm-