MINING NEWS
; WELLINGTON'. SHARE MARKET. ' There was nothing, doing ill tho mining market yesterday; and thero was only ono quotation, "., Dominion', "-.. Developing Company's shares being in demand at., 555. ;...■ '-."kbpokteddiscoyeky.' The Ncteon "Colonist"'-states:—There has .(ately been discovered' at Wangapeka, in one of .the reefs on the-property of the Colossus Mining Company, ore which is rte ; iilared by,the acting d.ireotor of the Waihl School' of Minos to be pure sulphide of zinc.:' Zinc is frequently, found in conjunction with other metals, principally in lead and silver ores, but so far as the "Colonist" knows this is the first time that pure zinc sulphide has been found in New" Zealand. The reef at Wnngapoka, where this discovery has been ma<le, is from'4ft. to sft.. wide, and the percentage of zinc to the' 1 lon, .'as'shown by assay, is' 18, which gives an ore valuo of over £16 per ton. Zinc has been given .an increased value lately owing to its use .In . tiio manufacture of munitions, as has also been the case with lead, which is Quoted at over £35 a ton. The Colowue Company is fortunate'in .having both these metals. In its reefs, in some of which are found in addition an appreciable quantity of gold and silver. .'.'..
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Dominion, Volume 9, Issue 2732, 29 March 1916, Page 8
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207MINING NEWS Dominion, Volume 9, Issue 2732, 29 March 1916, Page 8
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