GOLD MINING.
TALISMAN CONSOLIDATED MINE A SOURCE OF WEALTH. ■ (Press Association.) WELLINGTON, May 7. In connection with the Talisman Consolidated mine, it is understood information has been received to the effect that after providing for the six shillings already paid in dividends for the last financial year, there will be left at least £IOO,OOO reserve in cash and bullion in transit after payment of all liabilities of the company except this new plant. This is an increase of about £20,000 upon the reserve at the end of the previous financial year. The new power and treatment plant, it is stated, should not cost more than £25,000 which, when paid for, would leave about £BO,OOO still in reserve. After a considerable amount of experimenting, Air Stans(ield, the manager of the mine, has, it is understood, solved the problem of the treatment of the refractory sulphide ores met with in tile No. 13 level. Hence, it is stated, there will be no necessity to ship any more picked stone to England for treatment. The first instalment of the new power -plant arrived at the mine last Alonday. The site had -been prepared and early in July it is expected there will ho a resumption of de--1 velopment work in the southern portion of the thirteenth level.
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Bibliographic details
Gisborne Times, Volume XXVI, Issue 2185, 8 May 1908, Page 2
Word Count
214GOLD MINING. Gisborne Times, Volume XXVI, Issue 2185, 8 May 1908, Page 2
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