MINING NEWS. MINING AT REEFTON. SUCCESSFUL COMPANIES.

Te Aroha News, Volume VII, Issue 390, 3 August 1889, Page 5

MINING NEWS. MINING AT REEFTON. SUCCESSFUL COMPANIES.

Reeftox, July 31. The Inker man Company to-day declared a dividend of sixpence per share, making: a total dividend this month of £5,150. The County Council gets over -€1,000 from gold duty from the ironths production.' The ICeep-It-Dark Mining Company have also declared their one hundredth monthly dividend of Is 6d. The total dividends \ixU\ have been £J03,666, equal to £5 3s 2d per share. The cash capital subscribed by the original shareholders was £2,625, equal to 2=s 7ld per share. The total cold pioduced from this mine has been 56,3750z. ot melted gold, from 101,896 tons of quartz crushed.

Thames, July 31. S.\xon\ — From a survey just made the manager finds that the winze from No. 4 level haa to be «unk a further depth of 8 feet to reach 2\o. 5 level, while the drive at the low level has to be extended another 6 or 7 feet to meet this winze. The slopes are producingquartzof the usual payable grade. In the stopes between Xos. 3 and 4 levels on the hangingwall reef a new leader has been struck striking off into the wall. It is eight inches in thickness and shows gold, with a tew pounds picked stone occasionally saved. Clcaning-up and retorting for the fortnight has been completed for a yield of 301oz. retorted gold, which was afterwards melted into a bar ot 2920z 4d\vb., from 353 loads general quarts and 25 loads picked stone.

Lone Haxd. — Excellent progress is being made by the contractors with the extension of the low level tunnel, and a splendid description of sandstone country is being penetrated. Colours of gold are frequently seen in the quartz coming to hand from the Manchester section ot the mine, while some of the stone is also impregnated with excellent minerals. Crushing is proceediug ac Bull's battery, and will be finished in a day or two. Black Jack (Kuatuua). — It is understood that the trial crushing from Thompson's claim has yielded over loz. gold to the ton, but the exact; return is not yet ascertainable.

New Air Comi'Rcssok. — As briefly mentioned in a telegram in yesterday's issue, the Saxon Company have imported from the Rand Drill and Rackarock Company, Melbourne,;one of their well-known air compressors and two rock drills for u&e iti bhe mine. The plant consists of one of Rand's improved air compressors, one of Rand's "Little Giant" drills with the necessary fittings, and also one of what is known as the " Slogger " drills and fixings. Ib is the intention of the mine manager, Mr T. A.^Dunlop, to have the plant — which will be driven by water — erected as boon as possible, as one of the drills will be utilised for extending the No. 5 level dri\e hillward upon the course of the lode, while the other will most likely be required at an early date in connection with the putting in of a low level, as soon as the necessary bteps have been taken to reduce the water to enable the work to be undertaken. Cambria. — Colours of gold were seen when breaking down the leader on the intermediate drive westward. Gold was seen freely when breaking down No. 7 leader. A crushing- of 24 loads of quartz and 9of tailings has been completed for the return of 440z and soz respectively retorted gold. New Alburnia. — During the week a few pounds of picked stone were obtained from uhe Sons of Freedom reef, and the reef, where now being woiked westward, is of a favourable appearance, and shows some nice mineral.

Caledonian. — At INo. 2 level the chive ■on Brown's leader has been advanced 7 feet. The country is rather tight and the reef is nearly 3 feet thick, about one-half of which contains excellent mineral. The whole of this leef is being sent to the battery at present. Driving back from here the main reef has been broken down a further distance of 9 feet both in this and the leading stope. The reet is about 2 feet 6 inches thick, showing" nice mineral all through. In the drive below the intermediate level a rise has been started on the junction of cross leader and Xo. 1 reef. This is up 8 feet and a leading stope back to the big winze is in hand; the reef is 2 feet thick and looks \ery well. No. 1 level has been repaiiod a distance of 80 feet.