GOLDMINING

Grey River Argus, 14 September 1937, Page 2

GOLDMINING

BIG RIVER. The report for the period ending 9th September states: — Centre Stope.—ln the north face the stone has been faulted and is broken up with the reef track. In the south end on the hanging wall branch there is about 2ft Gin of stone showing overhead and in the face. South Block Intermediate Stope. — This stone is opening up well and the hanging wall slice is coming over to join up with the footwall branch. No. 5 Level South Block—This stope has been carried along to the end and while filling opened up 18 inches of stone in the south face on which we have started driving. Centre Stope.— The stone, which is in stringers and boulders, is carring fair values. North West Cross-Cut.—This was advanced to 41 feet through mixed reef track carrying some small stringers of quartz. Driving was then resumed in the north face, and within 18 inches, struck a reef t rack running at nearly right angles to the drive. At present there is 2ft Gin of stone showing overhead and some fine gold can be seen. Water.—Owing to the dry weather the dams became empty, and we have had to pump water for the mine plant. Battery.—Owing to the shortage of water battery stopped crushing on Thursday, the 2nd September. 72t tons of stone were delivered to the surface bins. MATAKI. AUCKLAND, September 13. The Mataki dredge return for the week ended the 12th. instant, was 27 ounces for 129 hours work, and 9,000 yards.

OKARITO. Okarito wash-up was 54 oz 3 dwt for 116 hours. WAIPAPA BEACH. The future operations of the Waipapa Beach Gold Dredging Company, Ltd., are causing concern. The highly payable ground is now very limited. In the opinion of the managingdirector, the payable ground the dredge can work will not last more than eight or ten weeks. Waipapa Beach wash-up was 8 oz 14 dwt for 133 hours. QUOTATIONS. Argo Gold —, Is lid; Barrytown 245, —; Big River —, Is sd; Mount Lyell 42s Id, 42s 4d; Worksop Extended lOd, Is 6d; Mount Morgan Ils, 11s Id; Grey River (6s 3d paid) 7s 3d, 7s 7d; Arahura (10s paid) —, 16s 6d.