MINING NEWS
WELLINGTON SHAKE' MARKET. Tho mining quotations yesterday, were as under:— > Buyers. Sellers. £ 6. d. £ b. d. Success Dredgo — 1 11 0 Talioman • } — • 011 3 Waihi .7. 1 15 9 — STOCK EXCHANGE. By Telegraph—i'ref? A<-?oriruinn . ' - Dunedfn, Jfay 3. Sales: Union Steam, 325. 6(1. (tlirco parcels), 325. 9d. inntRAY CREEK. In his report for tlie month ending April 29, tlie manager pf the Murray Oreek Gold Mining Company, Ltd., states:—Tho -winze below No. 3 level has been sunk 67ft., making a total distance of 97ft. The /width of the reef 'in the bottom is 3ft., "with no hanging-wall in 4 sight. A considerable amount of water is making in tho north end of tlie wiuze, indicating the existeuce of e, large body of ore iu this direction. The shaft has been sunk a further-69ft., making & total depth of 138 ft. from No. 3 level. There remains 7ft. still to sink to complete tho shaft, after which a start will bo made to open out the chamber pre- ; paratory to driving No. 4 level. The battery crushed 372 tons of quartz, producing 32907,. 2dwt. of melted gold/and 4loz. l&dwt. of bullion from cyanide treatment. Tta approximate value of the return is £1455. Most of tho quartz was taken from; tho intermediate level, tho stopes in which &rc up to 12ft. iu width.
THE HAUBAKI BEEFS, LTD. Tho mine manager of the Hauraki Reefs reports :-Stoping over No. 3 level was in hand during the past week. A fair quant'lty of gold was seen through the quartz saved for treatment. Tho quartz ehowine in tlie i\o. 3 face continued small, ana as there are now indications -which joint r .° I 1mJ . aln reef having been left in tho footwall for the past 20ft., work, is in hand to pick. it up again. In tho Wynyardton workings sinking the .winze was in hand llk ely-lopking reef, continues in thn -r ft '' t going cast on tho reef, country and quartz continue good. Crushing has been proceeding at the battery since last Monday. '
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Dominion, Volume 9, Issue 2762, 4 May 1916, Page 8
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339MINING NEWS Dominion, Volume 9, Issue 2762, 4 May 1916, Page 8
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