MINING

Hokitika Guardian, 8 November 1932, Page 8

MINING

' KAWARAU COMPANY

SECOND DAM PROPOSED

DUNEDIN, November 4

Provided that a license is granted by the Warden’s Court, the construction of the new .dam at the confiutnce of the Kawarau and Arrow rivers t 0 further the project, of mining fho Kawarau will be under way by February next. When tue Kawarau Company made, ap plica-, tion . for ai licen.se, r , the warden ad--journpd the application for two flionths,' to enable a survey to be .made, and, ptfjecti.ons to be,-.lodged.' The surveys have now been completed, and several objection have. .been dealt with. - The survey disproved the validity of some i of the objections, and other objectors have agreed to their claims being settled,,.by^Arbitration,.,. The rehearing of the application is now set down for November 9th at Queenstpwn, and il license to construct the dam is .granted, only a shprt time will.elapsebefore the publication .of a prospectus inviting fresh capital. ■ ' . ,j-i ; jit is expected that ..-all: .going well construction will be commenced by February next,i lA The ;; dam ■ will probab'y cost £60,000. d'.hat, at least is the estimate. Thd existing dam . at ..Frankton Falls cost, -about £107,000, -a jsum exceeding the estimates, but it-jivas-.a strueturer erected also as a bridge.

SHOTOVER REEFS.

SOME RICH ASSAYS.

Mr G. W. Thompson,! (consulting en-‘ •igineer to the Sliotover Reefs Develop-,-imnt Company, Reports, that.-the de--yejlopment work a t the company’s properties at Skippers is proceeding satisfactorily. The wiiifccj which -is .be-' -ing put »down at -the* north*' w C.st end of Samsbnry’s Reef, revealing good quartz assays, as follows. - : —sft- down. ,42 n wider—l4dwt; 9ft down, 50in wid -_,2oz sdwt; 12ft -lawn,. 30in wide—- , 4oz l’3dw.t. ‘ x v.

; On the hillside' 500 ft.: above the tun-: nel two assays averaged lSdwt. 1 .At Wilson’s Reef, -which: is situated •Bbo,lit /three miles ‘ from Sainsbury l s i .; reef was -. struck-'at 20 ft on the. top drive. • The a ssays were:—2oft -jih Gjdwt 5: 25fb ’in 2-*dwt ;v 83ft in 7oz Kklvvt 9gr; 36ft in 2oz, 16dwt • -14 gr; «- in ,tbe .wall'’ . r ßidwt ;:;''average width of reef,’ lOin to’lSin. .'■ ■ w _-. ’’ - Development work is still proceeding to prove -the extent and value of the ore .. ■'. /■'“. BLACKWATER MINES. •a The- October, return .of. the Blackwater'mnines is-'as follows; : Crushed; 31i52 tons,- yielding 1882 fine opnceß l of ko'd,- valued at £7992 standard, yalue. Working expenses £5638. in addition the, furnace treated 71 tons concentrates for a return of 137 fine qpnces 'of i gold, valued at. £7992 sta.udi .owotkirig' -ejcp’enses ,'£l3s. W*4?k-j ing profit £5972, «vit!b''’go , .d' nt £5 .ififi per fine ‘ounce. Development expenditure £lOlO. 'Capital -.expenditure £629., Profit over all 'is £4333, . ?md, -totaf value; of ’ gold Tecovered is ..£11,611 with, gold at £5 iss 'per fine ounce. ?