TE AROHA SILVER ANDGODD MINING COMPANY LIMITED.

Te Aroha News, Volume VII, Issue 430, 21 December 1889, Page 2

TE AROHA SILVER ANDGODD MINING COMPANY LIMITED.

The half-yearly meeting- of shareholders in the Te Aroha Silver and Gold Mimas? Company, New Zealand, was heM on' November 29th at 39 Queen-stieet Mr. M. B. Jurnicsoh presiding. I Chairman,- in tnoving" the mloph'on of the .report and- b'llanco-sheet said that satin Factory results La.l bjen obtained in the treatment of ivfrnctory five*, under the man.i foment 9f My. Ho well, at Te Aroha. T/he otlier developments in tho mine had, howevor, been of a retrograde character. Tl)« body of rcfr.iotory but payable ore which w.is first exposed had notproyad of a pcrnninent character, un^

work had been suspended on it in different parts. The directors had under consideration a nlan' to open up the mine on-, a large scalp by mpansof a deep level crosscut and tiinriel/ This work would bo of great importance to the mining', industry of New Zealand, arid effort woui(l be made •to interest the Goverment in the undertaking. The bullion shipped to England up to November 8 amounted to 2,500 bars,' the value of which was L 6, 689 -is 5i1., being over 99 per cent of the assay value of the crude concentrates and ore smelted, Nearly the whole of the gold and silver contained in the bullion had been obtained from ores of the most refractory character which by ordinary methods of treatment would have been lo^-t. That fact along with the cost of treatment was so satisfactory that the directors would make a determined effort to prevent the closing of the works. The chairman of directors intended shortly to visit New Zealand with the view of inducing the Government to subsidise the costly work of driving the low level tunnel. The cost of treatment averaged Jess than 6s. per ton of crude ore treated The report and balance-sheet were adopted, and the meeting' then closed. — Melbourne Argus.