MINES.

Te Aroha News, Volume I, Issue 14, 8 September 1883, Page 2

MINES.

Prkmieu G. M. Co. —The manager still continues to drive on No. 2 reef, the quartz coming 1 to hand showing gold freely. The contractors for building the hopper are making good progress. Colonist (t. M. < o. — Kvur.y week show.s an improvement in this mine. The stone I broken out of the whiz • wiU^eomp.ire favorably with anything on the field. An immense body oi cru-hingdiit is in sight ready to be forwarded to the battery. Weuahiro G. M. Co. —very little work is being (tone in this mine, everything being no.irly ready for forwarding quartz to the batter}'. Eureka G. M. Co. —The manager is pushing ahead as fast as possible with the ribO. Nice patches of gold can be seen at every bieaking* down Waitoki. —Have ri-ien about 12ft from No. 1 level, and started a leading stope. They are now engaged timbering the ground. More men will b« employed next week, in order to bo ready for crushing by the end of the month. The reef is about sft thick, and gold can bo seen every breaking down. Nicw Pind G. M. Co. —Six men are employed logging up the Arizon \ shaft, sind finishing the shoot at the bottom of the shaft ; these works will be finished next week. A commencement his been in nh driving to intersect the reef near the Diamond Gully boundary. Goldkn Hill G. M. Co.—The trial parcel of three tons forwarded to the Thames lust week, has been crushed at the j llerald Battery, and gave the satisfactory '•eturn of 6ozs 3dwts of melted gold worth i£2 17s 6d per ounce. This company was formed with Mr MaODonald Scott as" legal - manager, placing some hundred and fittv pounds to tlvir credit for working expenses. Since formation the directors have acquired the old Bonanza ground, making a good sized mine. We understand the picked same taken out the other day still lies at the legal manager's office, and will be crushed by the Bank shortly. Mr Madden hw been appointed mine manager. Ciiancjk G. AI. Co.—The manager, Mr hi. Golds worthy, has started prospecting under very favounble circumstances. Lucky Hit G. M. Co.--The manager, Mr Gribble, reports having discovered h new leader in theco npiny's grouHd, rvnning in a south-westerly direction. Gold can be seen showing fresly in the stone.

The Last Find Licensed Holding has b«en successfully floated by Mr McD.Scol. No particulars have as yet come to hand regarding names of directors, &c. A meeting of the shareholders in the Wellington and Leo Licensed Holding was held at Walker's Hotel last Monday -Ifivening. p Comesky, Esq in the ijUnir.

The ►hnroholder-MVR'iJved 1 to amalgamate the two licences ami form a Company to be culled the Wellington Gold Mining Coiupimy, with a tapitil of twenty five thousand shares of one- pound each 19,500. HhareH to be distributed amongut theslrai'eholdcrain the proportion of 650 shares to- a full share, thebilanoe 5500 to he . reserved j£pr, the be.nefit and future working- of the ground. Muswin C. S. Stafford' and James Lavo-y -v^r 1 ) appointed local directors. Mr W. O'Sullivan wan appointed legal manager. A mej»tj?s| «»i" the rfharoholders in the VYelcui'itTatui Wolcoiue Nol Licenced Holding was held at W.ilker's Hotel la^t Monday everting, P: Ooinisky Esq. in the chair. It wan agreed to form the above licensed hnldingß into a company of •20,000 fill jre", with a capital of £20,000, li+'tcen thoitsand shires to be distributed amoßgst the RWreholderbin the pi'oportion ot live hundred per share, the balance of five thousand to bt* reserved for future working of Company ,a ground. Messrs Stafford and; Lavery were appointed local directo-rs t and Mr W. O'S*illivan was appointed at legal manager