RENOWN COLLIERIES

Sun (Auckland), Volume III, Issue 764, 10 September 1929, Page 13

RENOWN COLLIERIES

A SATISFACTORY POSITION A considerable improvement in the company's financial position was recorded at the fourth annual meeting of Renown Collieries, Ltd., last evening. Mr. H. R. Mackenzie presided. The chairman stated that shareholders had every reason to be satisfied with the first year’s workings at the mine, especially when it was shown that a profit had been made after making liberal allowance for depreciation, bad debts, and ail other usual charges. The mine had only -been worked since February. The company’s output for the year had j been over 57,000 tons, and had now risen to 450 tons daily, which, Mr. Mackenzie said, was quite good for the short time the mine had been working. By May next year they would be in a position to put out over 650 tons daily. Most of the company's troubles were over, the tram- i line had consolidated, and the directors [ knew what was required to complete | everything in connection with the mine. . The chairman expressed confidence in j 44ie company paying off the past losses of £9,000 and paying a dividend on the J preference issue next year. The retiring directors, Messrs. Mac- j kenzie and M. M. Marler, were re-elected, i

MINING NEWS LUCKY SHOT.—The manager reports: “The rise for the second stope above No.. 2 winze is up 7ft by 10ft long. The reef is 2ft wide and a splendid class of country is showing on both walls. Gold is showing freely in the ore broken out. The work of getting the intermediate level ready is progressing satisfactorily, and another few shifts we will be ready for opening up on this block.” OCCIDENTAL MINE.—The manager reports: During the week we have been engaged in placing timbers in position in the leading stope south-west of shaft. The reef in this scope will average about 4ft in thickness composed of veins of quartz averaging from lft down to 2in in width and interlaced with country rock. The quartz looks kindly .and carried excellent mineral, indication for gold being seen at any time. In the stope northeast of the shaft, the stockwork formaation will average about 6ft wide of quartz veins and country rock intermixed, which is sorted out for battery treatment. During the week colours and dabs of gold were to be seen in the quartz broken. ALBURN I A. —The manager reports: “Drive north on the main Orlando lode from the'crosscut at the winze has been extended 51't, a total of 390 ft. The reef here still averages 3ft wide and is a strong heavily mineralised body, carrying blend, antimony and silica. Colours of gold are still seen in the ore. The country rock on both walls is of a splendid class for making gold. No. 2 winze on the hanging wall branch of the Orlando lode tinder the No. 2 rise has been sunk Oft, a total of 10ft. The reef here still averages 3ft Gin wide and is a strong body of stone, carrying nice bright mineral blend and silica. Colours of gold are also seen in the ore. In the Whau level the drive north on the dropper oft the Sons of Freedom reef from the crosscut east has been driven 4ft, a total of oft. The reef here that was in stringers last week is all coming toegther, and in j the face the reef is loin wide and is im- 1 proving every loot of driving. The quartz when broken looks very well, and should] make gold at any time. The country ! rock on both walls is of a splendid class i and is interlaced with quartz stringers, ] flihties and mineral veins. The pros- ] pects here are encouraging, as the reef is 1 improving as we get away from the break ; at crosscut. We have very nearly 400 ft j from here to the main break at this ] level, and there is no work clone here. | There are also other leaders in this un- 1 worked block that are well worth doing' j WAIOMO SULPHIDE.—The manager reports: in the No. 3 level the No. 2 rise has been extended 2Sft and connected with No. 2 level in 150 ft. A stoning block is available north and south of this rise. The No. 2 level has been reconditioned from its entrance to No. 2 rise. The No. 1 winze has been retimbered, and the stopes at the intermediate level 45ft above the No. 3 level are accessible. High grade milling ore is exposed here. The equipment of the 1 new suction gas plant and air compressor has been completed and 3,300 ft of piping] ranging from six inches to four inches j have connected this plant with the mine, i The north drive on the main reef will be resumed on the 10th inst. and stoping j at No. 3 level, and at the intermediate level will be commenced during the ensuing week. The aerial tramway con- • nection between the mine and mill will be commenced immediately. At the millthe work of installing the oil flotation plant is in hand and upon the completion 01* the aerial tramway, in six weeks, milling will be commenced.

OH IN EM URL—The maiVager reports: In the No. 4 level the drive south on the Camoo’.a lode is 306 ft from the No. 1 winze and 230 ft north of the random of the main crosscut at No. 3 level. The crosscut to intersect the Julia reef has been driven 7tft. The objective should he reached in four weeks. At No. 3 level this reef produced high grade ore. The drive on the Silver Queen reef has been resumed upon a vein of high grade hessite ore. In No. 3 level the drive south has been extended. 30ft, a total distance of 356 ft from the main rise. The foot wall portion of the Camoola reef has just been met with, and the next few feet of driving will disclose its value. Tt is hoped to have the installation suffi- 1 cientiy advanced to enable the machinery for milling to be set in motion during the I v.e*:'.: ending 21st inst. It is anticipated that crushing will be commenced . the week following. SUPERFLUOUS HAIR destroyed by RUSMA " (Regd). Signed, stamped, guaranteed cure. £5 12s 6d. j —Florence Hullen. C.M.D.. 7 Courtenay Place. "Wellington. Send stamped ■ addressed envelope for particulars.