MINING NEWS.

Dominion, Volume 5, Issue 1358, 8 February 1912, Page 8

MINING NEWS.

WELLINGTON SHAKE MARKET. There was a slight improvement, in Naihi and Waihi firantl Junctions vest-r----day, the tales recorded. being as under-— Occidental. Is. Id. (second call) Talisman. 51?. 3d. (first call). Waihi, 435. 9d. (second call). a/under-'i 11 " iind sCll ' ne QUotation s w "e Buyers. Sellers. £ s. d. £ s. d. N.Z. Crown 0 3 1 _ New Sylvia _ n j 7 Tairua Junes 0 0 5 0 0 9 Talisman 2 11 0 — Waihi 2 5 G 2 4 6 Waihi Grand Junction ... 1 6 3 17 0 Wajotalii 0 4 0 — ■Waitangi - 0 2 6 The Wellington Stock Exchange received the following telegram from the New l!i-> Kiver Company:-"]Jivideud, is. declared", payable Feoruary 9. STOCK EXCHANGE. IBy Teleeraph-Prcss Association.) Auckland, February 7 Business done on 'Change this morning' Monowai. 10(1. Moaua-taiari, 2d. Occidental, Is. Id. Saxon, 1.--. Waihi. £2 U. ?d.. £2 3s. 6d. Grand Junction,' £1 ss. Cd.. £1 6s Auckland Trams tpref.), £1 3;. 3d. The following business was doue on the Stock Exchange at the 3.15 p.m. call:— Ciolden Cross, 6d. Talisman Consolidated, £2 He. 3d Waihi, £2 3s. 6(1. Waihi Grand Junction, £1 6s. 3d. £1 6s. 6d. Victoria, 9d. Christchurch, February 7 , The following sabs werj reported on Change to-day:—Wailu Grand Junction £1 ss. (two parcels , . Dunedin, February 7. Th?re was a sale of Waihi at 41s. 6d on the Exchange to-day, and a sale of Saxon at Is. was reported. MINE MANAGERS' BEPOETS. Waiotahi—Driving enst and west at No. 7 level has been in progress on the footwall dropper. East: 14 fe;t has been driven from the crosscut, and at this point the cross reef, which disappeared in dri , -. ins the crosscut, has again been met witli but no gold has been so?n in the reef Another round of holes will he fired in the mullock before again breaking-down the I footwall dropper. Woven foot has been driven west on the footwall dropper, but i in that direction the reef is. still niullocky. A start has been made to open out on both sitbs of the crosscut on the new reef, but so far no quartz has beeii broken. Pride of Toka tea.—Work has been confined to driving on the lead west of the main lev?l. A total of 45ft. has been driven. The ground is speedy to work, being of a very wild nature. The load shows loose dish prospects, and occasionally shows a few colours of gold in the stone. Mountain King.—ln the main lowest level the lode varies in width from 9 to 14 inches, and gold is still visible from the roof to the floor of the drive. The quartz looks very kindly and good enough to make a patch of picked stone at any moment, thn country, rock, being all that can be desired. This run of gold has now been carried in.for 66 feet without a blank, gold having been seen in every phot freely, and still continu>:£ in the face. The

rise is up nljout 14 feet from the floor of level, in which gold has also ucen seen, every shot ciiutilly as :is tliul sejn In tin , inn in drive. From (lie iinin fine nhnvii-incntioiU'd there arc still 25 feel, tn (iriv.-i In-fore getting under tin- vertical of winze, which is now down 26 lent below Ihe floor of the miper level, and in whiih ..'old is also visible each break down, "'here is about 77 feet vertical between these two levels tin* with the underlie nf the lode ought to give about 100 ft. (o store out, which promises to 1)2 very good.