MINING NEWS.

Dominion, Volume 6, Issue 1729, 21 April 1913, Page 10

MINING NEWS.

WELLINGTON SHAKE MARKET. The sales reported on Saturday wero: Waihi at 295. 9d., and two sales of Waihi Grand Junction-at 16&. 9d. each. The quotations were oe under:— Buyers. Boilers. £ s. d £ 6. d. Xe'w Sylvia 0 0 8. — Ross Reconstructed 0 5 0 0 5 6 Talisman 1 18 0, 1 18 6 Waihi 19 0 19 9 Waihi Grand Junction... 0 16 6 0 17 0 Waiotahi — 0 1 10 Waitangi 0 0 4 0 0 6 SWASTIKA GOLD MINES. The mill? manager of tho Swastika Gold Mining Company reports at follows:— Work: During m.v absence the tunnel was only advanced 12 feet. The prime reason wus that -lite holidays intervened, and only t ;'ii days were worked. Iwo shift: per day. The di'iving is very hard, in solid i|u:ivfz, and oivinc lo no ventilation a good deal of time is lost awaiting good air after each shot. A break in the reer was also met with, and was rather awkward to get through. Taking all tilings into consideration, I think wo should advance at. least a foot a shift. The Inc.!; turned out a- blessing. The 80 feet wc li.--.il driven on was a slip froiti the hillside. Luckily, it hud settled down almost vertically, and our tunnel is now in the reef in solid country, many l'eet below thu level it, was on in thO slipped portion, supposing that had remained in situ. The quart?, after we crossed the broalc slrjws a. marked improvement. It is M;!endid-lool;ing stone, there is very little mineral in it, and the dolly prospects are excellent. Ae wired you, it ass;!ve-.l up to 6oz. lOdwt. lCgr. per ton. Tii;.;' is extraordinary, and the fortunate break has added enormously to our prospects. After getting the line of the break in the tunnel, we made careful examination of the corresponding point on the surface between tunnel month at i\"o. 6 and the tram line, and wc came on three feet of stone, about 80 to 90 feet- above lis. It is fair to assume it ii, the upward continuation of the stone we are now on. The stone is similar in ap|i"-irance, and gave for. an outcrop a fair dolly prospect. Should this be so. oar tonnage is much increased.

STOCK KXOIIASGK. flly 'J'elCLrraph.—Pro?.? Association.) Auckland, April 19, Sales on 'Change this morning:— (irand .hniction, 16s. fid. Hank ot' New Zealand, £11 Bs. Auckland Gas (pai.dj, £1 Us. 3d. Union Sl.eam, £2 fc. 6d. Christchurch, April 19, Sales reported on the Stock Exchange of Canterbury National Bank of New Zealand (new). £4 19s. Gd.:-Permanent Investment (Canterbury). £9 ,10s. DRFiIIGING KF»TUIiNS. Duncdin, April ;:o. The follnwinsr dredu'imr returu.t ire rei;i«,e upd Shiiie. frlv, I,; OtdtiiMl Hl'l. l?oz, lOclwl.; 01 ris, ov?..