MINING NEWS
WAIHI BEEFS-GIGANTIC.
nf? """"Wr of the Waihl BeefsGigantic Oonsolidat-ion, Ltd., in his icnorl for tho weekending' May 107 says-"W« have now driven north 50 feet in lino of reef at 300 feet.icvel, and at that ill tance we are putting.-a cut through the ore body to test width and valuos We have driven this cut 10 feet, and havo quartz for that distance, which is now carrying more favourable minerals and samples, ate being taken for assay : also the country rock encasing reef in' face is showing more mineral that previously When the cut penetrates to footwall ol «TB*'!iu\ J .invaia. v> drlvo on that siac in oraer to more Tapidly pick up any loon or Jnnctaon reefs on west side. The water in bottom of shaft docs not trouble us except on occasions of very heavy roin' when ve. have" to bole a small quantity; We run as long as three weeks without baling, and this means, e, saving in coal, MOUNT LYELL PHOFTTS. ' ' Melbourne, May 13 Tho Mount Lyeil Company's half-yearly report shows a profit of £110,500. A dividend of 2s. iper share has been declared
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https://paperspast.natlib.govt.nz/newspapers/DOM19160515.2.62.5
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Dominion, Volume 9, Issue 2771, 15 May 1916, Page 8
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190MINING NEWS Dominion, Volume 9, Issue 2771, 15 May 1916, Page 8
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