MINING NEWS.

Dominion, Volume 5, Issue 1400, 28 March 1912, Page 8

MINING NEWS.

WELLINGTON SHARE MARKET. The market was quiet yesterday, and there were no transactions recorded. The Inlying and selling quotations \vcp2 as under:— Buyer*. Sotlers. ' £ s. d. £ p. d. Con. Goldfields — 0 14 0 Kurauui Caledonian Oil 013 May Queen — 0 16 New Big River x 4 10 0 — New Sylvia — 0 0 9 Occidental 0 10 0 13 Talisman 2 6 9 2 7 0 Wa-ihi ) 19 0 3 19 6 Waihi Rcei's 0 10 0 13 Wsuhi K:ctonded — Oil Waihi Grand Junction ... 1 8 0 18 9 Waio:ahi 0 3 6 0 3 9 Waitangi 0 13 0 15 Taranaki Petroleum — 12 0 MINE MANAGERS' REPORTS. Occidoutal Consolidated.—No, 1 crosscut la in ftft. from the main drive, Another

20ft. should intersect No. 2 re?f. The country is of a good class, with quarts wringers running through it. The drive on No. 2 reef hay been advanced another three feet. The reef is in two parts, there buing about nine inches of quarts! on each side cf die drive, the middle being a. mixture of country and quartz veins. The quartz broken out showed rou\2 good dabs of gold, and all or it is being saved for crushing. A few pounds of picked stone were got from the back of the drive, near No. 2 crosscut, when cutting out ground ;o place limbers. Saxoji.—Enlarging and retimbermg the main shaft in the Saxon mine has boen done ta 452 ft. he,lmv the collar, or right down :o No. 6 level. There is still another 12ft. to go to reach the bottom of Uie shaft: after that, sinking another lOCft. will be uridfS'-nken. Thames Deep L*jvl»ls.~The contractors for the further ICCOft. of extension of the main crosscut at 100GU. added another 35ft. to •.he tunnel during Die week. Two small quartz bodies were cut, each about 6in. in width. Although one carries a littb bright mineral, no gold was seen. The ground is favourable, and a little water is is'-nine from the face. Old Ilauraki.—At vhe 400 feet level, No. 3 block, three stopes are in progress, and colours of gold coiitinu-s to be seen. At the 300 feet level, a chamber has been cut for a- winze 1o be sunk, to connect with the 400 feet level. In No. 2 block, two stopes arc being worked. The p?ef and country are favourable for gold. In No. 3 block, rising is in progress for stopes, and colours of gold have been seen. STOCK EXCHANGE. (By Telegraph.—Press Association.) Auckland, March 27. Business done at this morning's call included :— May Queen. Is. 4d. Occidental, 1?. Id. to Is. 4d. Saxon, 3d., fljd. Talisman, £2 7s. 6d., £2 7s. Waihi, £1 19s. 6d. Grand Junction, £1 Bs. 3d., £1 Bs. 9d. Waitaia, lid. New fealaml and River Plate. £1 19s. 6d. Mountain Rinni Timber, £1 10s. 6d. Christchurch, MaTch 27. The following saleu were reported on the Stock Exchange of Canterbury to-day:— Mutual B'2nefi';, Canterbury, £11 7e. Westport Coal, £1 7s. Talisman, £2 B*. Waihi,'£l 19s. 3d. Ounedln, March 27. Stock Exchange sales:— Waihi Grand Junction, £1 Bs. 3d. Union Steam. £2 10s. 3d. (four parcels). Westport Coal. £1 7s. 3d. Sales reported:—X2\v Zealand Paper Mills, £1 Is. 6d, Waihi Grand Junction, £1 Bs. 3d. Union Steam, £2 10s. Trustees' Executors, £3 3®. 6d.