MINING NEWS.

Te Aroha News, Volume VI, Issue 322, 5 December 1888, Page 5

MINING NEWS.

Thames, ISov. 30. NtiW Alburnia. — Operations in this Company's mine are progressing satisfactorily under the management of Mr Thos. Gilmour. The block of ground now openec up r on the reef appeal's to be payable, although I up to the present the best gold has been obtained in the drive. A third etope has been started, and the manager is of opinion that the quartz being broken out is payable. There are 601b of picked stone and about 16 loads of quarts in the paddock, which it is intended to at once forward to the battery, and in all probability crashing will be started noxt Monday morning. f.'AMHKiA.— -There is not much change to report in this mine. At No. 2 level the on!v work in progress is the carrying along of tho stopss on the hanging-wall leader, which shows gold pretty ireely, and it was horn here that almost the whole of the quartz; jn'-t ciushed was broken out. Good headway is being made with the intermediate drive on No. 1 leador between Nos. 3 and 4 levels, and the prosspects met with are encouraging. The leader is about 9in. inthickness,and shows colours of gold, while colours oi tho precious metal wore also seen to-day in some stringers on the footwall. The only work being done on No. 6 leader is a leading stope over the intermediate between Nos. 3 and 4 levels, but there is no change to i*eport from heie. Colour& of gold are seen distributed through the quartz when breaking down the leader, and the .stone is of a kindiy description. IJnio*. Gold Mining Company. — The annual general meeting of the Union Gold Mining Company was to have been held at noon to-day, but lapsed for want of a quorum.

Thames, Dec. 1. Tkem'ox. — The country is still hard in r,he shatfc. S.\xoi«.— Satisfactory headway is being 1 made with the drive at No. 5 level, although the sandstono is somewhat tight. Crushing is shaping payably, otherwise there is no change to report in the mine.

PARKBS FURNACE. A gentleman who has just arrived here from Paeroa informs me that in consequence ot a mishap, the Parkes iurnace at Karangahake has been shut down for an indefinite period. He states that refining of the bullion on hand will be begun in a day or two. Woodstock G.M. Co. — The annual general meeting of shaieholders in this mine wa& held yesteiday afternoon in Mr D. G. MacDonneL's office, New Zealand lusuiance Buildings. Mr William Come, Chairman of Ditectors, presided. The annual report of the dhectors was read by Mr MacDonnell. In itthe diiectors staled that tho Company's financial petition was most satisfactory, more especially as the liabilities of last year, amounting to j.261 9s lid, had been cleared off, and the Company had now to its credit, exclusive of \alue of mine and plant, a sum of £116 lGs 6d, against which there was only a liability of £28 13s. It would be aitso gratifying to know that the hen held by Mr Chambers for £3,000 on the nuuo and plant had been cleat ed otl, and that the Company now stood I'k-arof all linbiliMfy with the ox-eption of V2S 15*. The balance-sheet was also read. In moving the adoption ot the report and balance sheet, the Chaiim.ui said they needed no remark or much explanation. Though in some res>peels the doings for the year had not been so satisfactory as they could have wished, yet in others they were eminently so. They had got rid of a large indebtedness, which at thai, time last year had been owing, and had now a balance in hand, and coul> therefore reasonably congratulate (hi ulsclvO' upun impioved ptoToe dinicr.lty that hud met them all along in legard to the i eduction of oies still (tiffed, but he believed that they were on tne verge of the dineo\ety of some satisfactory process for the treatment of the oreThe following i ethnic; diiectors were re, elected : — Mts&rs W. Come, W. S. Wilson. B. D. Tonks, nnd J. A. Pond. Mr H. Gcurio was le-appoinle'l auditor.

CdKOHI.AJ.DIiL, 1. lluy.\l Oak. — For the \inat week there has been little of impoitanue to repot I lroni i tho mine, owing to the rise oeiog lengthened and timbered up. This is nosy completed, and afresh bfcaiE rnadetosbiip the reef. The east end of the ri^e was about two feet, but ha* now come to the u«ual thickness, and we'd delined throughout, showing gold along the run, also loo&e prospects in the we-.t end of the rise going up, which ib good indication of the run oxtending. During the week tht> tiibuters have j^ot about 211b picked sfcone trotn what is called No. 2 leef, near the surface. — Pjetkk Hkii>, manager. Blknueim, Dec. 1.

A further inspection of the Wafcamonga field leads to tbe belief that it is not a payable diggings