MINING.

New Zealand Times, Volume XXX, Issue 4483, 2 August 1875, Page 3

MINING.

The result of the crushing by the Energetic Quartz Mining Company, Inangahua, for the month of June, was 6220z5. melted gold, a third dividend of 6s. per share being declared. THE THAMES GOLDFIEM)S. ' News from Tairua shows that the ground is being pegged out everywhere, and great efforts are being made to create a run on certain shares. The Thames Advertiser cautions people against undue excitement, a 3 the difficulty of getting machinery on the ground must make it take several months before any steady returns can come from the field. The first ordinary meeting of tho Tairua Company was held on July 4. The proceedings wore of a lively character. It was stated by the chairman that 1000 shares were held by the secretary in trust for the company. The secretary denied this. It is probable that a lawsuit will bo instituted to decide the ownership of tho disputed Bhares, the market value of which is nearly £4OOO. Tho gold returns for the week are over 2000 ounces.

'Die Tuirnu Company's crushing of two tons stuff from their shaft produced 300 ounces of amalgam. The crushing is expected to yield forty ounces of gold to the ton. Two tons five hundredweights of Tairua Company's stone yielded 88Jozs. of gold. Two trial lots from other retjfs in the claim yielded at the rata of 4ioza. and 9ozs. per ton. The produce of gold from the Queen of Beauty mine at the Thames during the past fifteen months amounted to a total value of £Sfl,Bo2, out of which £28,685 was paid in dividends.

The tribute party in the Old Inverness claim got 3970z5. Hdwts. gold melted from 30 tons of stono.

The new forty-stamper battery, erected by the Bright Smile Company at a cost of about £15,000, made a trial start on July 19. Every-

tiling worked smoothly. It commenced crushing for the Company on the 21st. News from Tairua continues to be favorable. New discoveries have been made in various parts of the fields. The roughness and inaccessibility of the country nearly caused the loss of the life of Walter Williamson, the pioneer of the Thames goldftelds, who was discovered half dead and unable to speak from cold and exposure, having been benighted. The Queen of Beauty has got 810ozs. lOdwts. for the fortnight. A dividend of probably £2OO per share will be declared. Ths reefs show no diminution in size or quality.