MINIKG NEWS. RICH GOLD SPECIMENS. A SPLENDID SHOW. RISE IN MINING SHARES.

Te Aroha News, Volume VI, Issue 354, 27 March 1889, Page 5

MINIKG NEWS. RICH GOLD SPECIMENS. A SPLENDID SHOW. RISE IN MINING SHARES.

Auckland, March 22. During yesterday and to-day there was on view at Mr R. McDonald Scobt.'s office, in the New Zealand insurance Buildings, a splendid lot of extremely rich auriferous ore from theLoneHand Mine, Thames, which has jtist been amalgamated with the City of Manchester mine, a company now working both. The quartz specimens are of good size, and each have a rich belt of gold from 1 to 1A inch as in width running through it. Some of the specimens heve been estimated to be worth five ounces to the pound. The stones were obtained from a breaking-down on the main reef in the Lone Hand, at the foot of the Karaka Creek, at some 60 to 70 feet below the surface. It is intended by the mine manager to sink a winze immediately beneath the patch whore the rich find was made, so as to strike what is expected to be still richer country. The quaiterly specimens will most likely be treated with the general crushing of ore at the Thames shortly. Yesterday they were inspected eagerly by a large number of people, and as a consequence Lone Hand shares were much in demand, buyers freely offering 7s 6d per share. Further news from the mine is looked for with great interest. Cambria. — The legal manger of the Cambria Mine yesterday received the following telegram from the mine manager: — "Cut leader in crosscut No. 4 level. Dabs and colours of gold visible through stone." In consequence of this report share* rose, and yesterday there were buyers at 3s 3d. Saxon. — Yesterday the mine manager wired :—"ln: — "In stripping reef at No. 3, another three-feet reef was met showing colours of gold. This is decidedly the m tin reet." This promising report caused a rise in shares from 7s to 10s.

Thames, March 23. Cassel's Extraction Company. — About 30 tons of material machine! y, era., arrived at Paeroa to-day per Kotuku for the Caasell Gold Extractio Company, who aro erecting: their machinery at the Crown Mine, Karan^ahake. There are about 100,000 feet of timber yet to arrive, and another 80 tons of material. Tho plant will be a ye y extensive one, and operations will commence about the Ist of July next. Saxox. — Another body of quartz was met with in the drive at No. o level yesterday, which the manager is convinced is the main reef. It is a well-detined body of stone, 3fb. in bhk-kness, and colours of gold have been seen in the quartz A start will at once be made to drive upon it to get underneath, the winze being sunk from No. 4 level. Warden's Court. — The only business of Auckland interest transacted at the Warden'^ Court yesterday was the granting of the Orlando licenced hoi liner, Moanatairi Creek, to W. H. Potts, and a water race to D. G. MacDonnell. The plaint J. W Walker v. J, A. Pond, for the forfeituie of a water race at Waihi, was adjourned until 4th April. The Newbery-Vautin t Process. — I am informed, upon highly reliable authority, that the New Zealand Gold Ex ti action Company (Newbery - Vautin process). Limited, have decided to. extend theii operations to the trea'menb of aryen tiferous ores. Suitable machinery for thi> purpose is at present on its way out from England, ai.d should arrive in Auckland at an ea ly date. New Aloanatairt.— The main leader in the winze at the Cambria No. 3 level was broken down yeste-day, when colours of gold were seen in it, and also in the stringei on the hangingwall. Saxon. — Fit teen pounds picked stone have been obtained from the sth etope on the hanging wall leader over No. 2 level. Coromandel, this day. Royal Oak. — Tne mine manager reports : — The reef was again broken down to-<iay, but it did not show up to expectation although there were good indications anrl a fine body of stone, about nine inches in thickness. At present the appearance ol the lode shows every indication of gold making at any moment. The ttibuters are working on three separate cross leads from No. 2. At the last breaking-down of the new reef about ten pounds of poor picked stone were obtained. This reef is well-defined, carrying good walls.