NEWS FROM THE MINES

Sun (Auckland), Volume 1, Issue 18, 12 April 1927, Page 2

NEWS FROM THE MINES

Mount Welcome.—During the past fortnight work has been directed to test below No. 2 level. Opening out south from Barker’s winze, at water level, viz. 20ft below level, a few feet exposed the run of gold anticipated, proving that the run we have been working of late, to be a distinct lead from the one which was followed down the winze. So far about 3h cwt of fairly good stone has been obtained, and although we are forced to leave gold under foot on account of water, we still have to stope up to the level with good gold showing. We still had gold with us up in the stopes above No. 2, but owing to working from the winze, it was necessary to hang up this part of the mine for the present. When I can spare labour there is another portion of No. 2 level being tested, which I hope to report on favourably during the coming week. Altogether the mine looks favourable for the future, as recent indications would further point to good gold-bearing country being met with working the low level.

Alexander, Reefton.—No. 2 level. North. This level was driven a distance of 13ft, making 123 ft. The country passed through has been averaging sft 6in in width, and is carrying good values. The returns for March show that 1950 z of smelted gold were obtained by crushing 95 tons of ore, and 250 z lldwt of bullion from 70 tons of sand treated. The total value was £864. .

Nonpareil.—“ Since my last report we have discontinued driving on the Shamrock Reef and have started on the Liverpool Boys Reef. This reef came up to the Shamrock split up into several leaders. We have driven Bft and met with three breaks. Since getting through the last break the reef is coming together again and is making up into a nice body of ore. Well mineralised. The country has improved and is of a firm nature and lively. A very short distance should put us under where gold was got a few vears ago, through a leader coming into the reef. Work was discontinued here owing to water. The mine is closing for the Easter holidays and reopens on the Wednesday after.’’

Golden Age.—“ The winze has been sunk a further distance of sft. There is no change in this face since my, last report. Two men made a start on the 4th to clean out the cross-cut and lay tramlines. This has been completed for a distance of 50ft. At this point the level has come together and will require timbering. When this work is completed, we will have a survey made so that we can select a course to intersect the Lucky Shot reef system which runs into this property.’’ Lucky Shot. — “No. 1 reef: A distam v 7ft has been driven for the week. It s.m maintains its width of 10ft, and s: • strong colours of gold when broken d No. 2 reef has been stripped for ; tance of Bft and will be broken next week. The reef in hanging \ No. 2 reef will be referred to i future as No. 3 reef. This is a strong body of stone and no signs of hanging wall. We put in a hole 6ft and passed through several ribs of quartz. We intend cutting right through at this point to get the hanging wall. No quartz was broken from this reef for the past week.” NEW COMPANIES THREE REGISTERED YESTERDAY Yesterday one private company and two public companies were registered in Auckland. .Details are as follow: B. C. Taylor, Limited, private, grain, seed, and fertiliser merchants, etc. Capital: £1,500, in £1 shares. Subscribers: B. C. Taylor. 1,498 shares; Ruby Taylor and C. E. Taylor, one share each. Fishermen’s Co-operative, Limited, public, fishermen, trawlers, etc. Capital: £3,000, in £1 shares. Subscribers: W. H. Penno, G. F. Fisher, J. G. Smith, A. McCarthy, G. A. McMillan, H. Jensen, T. H. Wilson, W. A. Reddish and R. Huxley, fishermen, of Thames, 100 shares each. The Finance Corporation of New Zealand, Limited, public, mortgage, finance and loan company, etc. Capital: £50,000, in £1 shares. Subscribers: F. Pickery, 1,000 shares; W. M. Cann, C. L. McDiarmid. D. Andrews and A. G. Bond, of Hamilton, 500 shares each; P. S. McNally and D. N. Chalmers, of Hamilton, 300 shares each; T. L. Hames and J. H. Money, Hamilton, 200 shares each; H. Wiggins, Hamilton, 150 shares.