MINING NEWS.

Dominion, Volume 5, Issue 1526, 23 August 1912, Page 8

MINING NEWS.

WELLINGTON SHARE MARKET. At the morning call yesterday a. sale of Talisman at 41s. was reported. In the afternoon there was a demand for ICuranuiCaledonian, and sales were reported at Is 6d. and Is/ 6id. The buying and sellin" quotations were as under:— " Buyers. Sellers. _ . . £s. d, £s. d. Dominion 00 2J 00 4 Kuranui. Caledonian 0 15 0 17 New Sylvia 0 12 0 15 Ross Reconstructed 0 5 6 — Saxon 0 10 — Talisman : ; 2 0 9 2 1 3 Waihi Grand Junction ... 1 1 3 119 Waitangi 0 11 — Worksop Dredge 3 0 0 — BLUE CREEK SYNDICATE. i The mine manager for Blue Creek syndicate reports for the week that lie has'timbered the mouth of the tunnel, and that he is working two shifts in the low level tiinnel, and for six shifts has driven eleven feet. He is taking out four feet six inches of the reef, following the hanging wall, and intends to cross-cut at intervals of twenty feet to the footwall. The reef is very strong in the face, and as the work proceeds is getting more mineralised there being a little galena in patches, and quartz, carrying a good deal of pyrites, and also showing copper similar to the Van Belle reef. Two men were put on tile Van Belle reef to drive on the lode, and oro broken up and Blocked is the highcH graded in galena that lias ever been obtained from this reef, demonstrating tbe fact that as the lode is driven on. the ore is decidedly improving in value Two men have becu working on the erection of the battery. STOCK EXCHANGE. (By Telegraph.—Press Association^ ' . , Auckland, August 22.' Business done on Change-.— New Sylvia, Is. 2d., Is. 3d. Saxon, Is. Auckland Trams (ord.), £1 Is. M Sale reported: Kaiapoi, £5 7s. Rl. The following business was done at the 3.15 p.m. call:— Occidental Consolidated, If. 2d 1= "rl Saxon. Is. Id. ' " ■ Hauraki Reefs (cnn.), 4d. Waihi Extended, sd. TALISMAN, rn, ,n ,• Karangaliake, August 22. The Talisman Company has sent to London the folloiviil" cablegram:-Sunk WoodSwt ,aHI lWik mitma