Business Gossip

Sun (Auckland), Volume 1, Issue 60, 2 June 1927, Page 2

Business Gossip

New Company Registered.— One new private company was registered in Auckland yesterday. Details are:— Brook. Heugh, Ltd. Objects: To acquire the business of merchant and indent and general commission agent carried on by John Brook, etc. Capital: £1,500, in £1 shares. Subscribers: W. J. Potter, J. Brook and H. B. V. Heugh, 500 shares each. Maoriland Mining Prospects. The outlook for Maoriland Consolidated Gold Mining Company, Limited, shareholders is particularly promising, and they have no reason to fear that they have put their money into a losing venture. said the chairman of directors Mr. G. C. Munns. at the annual meeting of the company held yesterday. Making every allowance for the uncertainties of mining, he stated, the directors hoped for encouraging developments in the near future. Messrs. G. C. Munns and W. Jennings were re-elected to the directorate, and Mr. J. McD. Coleman was re-elected auditor.

MINING NEWS

GOLDEN AGE.—The maiiagei wired this morning: Collected 51b picked stone from leader in footwall of main reef. MOANATAIARI.—The manager reports: Shooting down the roof of the drive on the seaward end from No. 2

winze to the face of the drive, and the shooting out of the reef in the footwall to the face of the drive, so as to put in the main drive timbers, have been effected. This work is almost completed and the timbers placed in position. The reef here averages 6ft. wide, but is split into three branches. The hanging wall branch averages 2ft. wide and is a nice body of heavily mineralised stone. From this were obtained a few nice dabs of

gold. The centre branch, which averages 2ft. to 3ft. wide, is mullock interlaced -with quartz stringers and dHca veins. In the quartz stringers a i** colours of gold were seen. The footwa.l branch, which averages 2ft. wide, i? a mixture of hard pug with fine quartz all through and carries a fair amount of minerals. A start has also been made driving hillward on the reef. The reel here is about sft., and by appearance is making into a more compact body stone. The quartz carries nice mineral and a little blend and silica.