WAIHI.

Te Aroha News, Volume III, Issue 155, 22 May 1886, Page 7

WAIHI.

Silverton. — The manager is now confining his attention to timbering up to the winze in the low level. The reef at the junction of the level, and the winze appears to be very rich. Mr Moore has some 60 or SOlbs stone picked From the general heap of dirt which although he is careful not to designate specimen, or picked stone, should be worth from its appearance, from 2 and 3 Iwts to the lb Some 28 tons diit have been won altogether, but the manager has received no instructions from his directors as to crushing, or otherwise treating the quartz. Union.— Hands are at present engaged in excavating a laige paddock for the reception of the quartz. Nil Djsp-iranlum. — Low Ipv.jl is in about 250 feet, hard on to Rosemont boundary, two or three leaders have been met with and the Rosemont reef is daily looked for, country tLikey, an 1 troublesome. Yellow Jacket. — Lockwoo ] and party tapped their reef la?t week. They «re now widening the face of the drive on the reef with a view oi ascertaining its lay. Prospects remarkably goo 1. Amaranth.— The reef struck last week looks very promising, carrying a nice brown quartz plentifully streaked witli blue, with occasional colours Rosemont. — The tunnel through the Union ground U now pretty well into sandstone. Martha Extended. — A mullocky quartz is coming fiom the upper workings. A tunnel is being driven northward from the bottom of the winze in the lower workings, and the reef looks well. Twenty head of stampers at work, plenty of water on hand, and a show for good average return on. the plates. Chance Licensed Holding (Waibi).--A meeting of the shareholders of the Chance Licensed Holding was held on a recent date at the office of Mr R. Me Donald Scott, Insurance Buildings, when it was resolved to form the holding into a company, to be called the Kimberley Gold Mining Company (Limited) under the Mining Companies Act 1872, in 20,800 shares, with ft nominal capital of £10,400 of 10s each, nil paid up, the company commencing with £100 cash <o start with. Mr j. Morpeth occupied the chair. The following appointments were made : Messrs James Macky jun, W. Atkinson, A. Garrick, J. B. Morpeth, and John Heath to be directors ; Mr R. McDonald Scott to be manager of the company; Mr T. A. Menzies to be auditor, and the Bank of New Zealand to be company's bankers. The list of registration nas been issued.