MINING.

Te Aroha News, Volume XI, Issue 1742, 25 May 1895, Page 2

MINING.

WAIHI EXTENDED LEASE The syndicate for the working 1 of. the 100 acres taken up as the Waihi Ex> tended, to the north of the Grand Junction, and over-lapping a portion of the original Martha claim at Waihi, is, we are informed by Mr Greenwood, so far completed that 'a meeting of those who have taken up shares is to be held same time next week, with a view to forming a. company to work the property, v Mr Greenwood states ; hat the object in this instance is not to seek for, English capital unless it is offered, hut to form a company in New Zealand and Australia. Waihi Silverton.— The erection of this company’s new winding and pumping plant is proceeding very ' satisfactorily, and Mr Craig, of Auckland, the contractor for the delivery of . the machinery, etc., on the company's property, undoubtedly deserves commendation for the expedition made in carrying out his contract, despite exceeding bad roads. The pumping and the xyhole of the winding machinery have now been conveyed to their destination, where great activity is also being displayed in putting together the Various pieces as they arrive ; in fact, so vigorously 1 ave the construction of tho works been pushed ahead by the manager,’ Mr H. H. Adams, that the erection of the pumping machinery has been-completed, and as soon as the brick work, etc., is thoroughly dried and can stand the heat a fire Will be lighted and pumping commenced. It is, therefore, expected that in about' a fortnight’s time the .shaft'will be freed from water, , and operations .resumed in the mine. Mr J. A. Pond, ifianaging director of the Silverton Company, this week" paid a visit to the new works in company with Mr Fenwick, manager, for Messrs' T. and Morrin Go; , of Auckland, and expressed himself highly satisfied with the progress of things generally. . A dividend of 2s per share has beon declared in the Waihi - Gold Mining Company, which will be payable to shareholders on the 11th prox. KARANGIHAKE' ' Extraordinary meetings of the shareholders in the New Bonanza and Talisman Goidminiug Gompanies was hold on Thursday to consider and adopt the terms of amalgamation suggested between the companies. The terms have been mutually Agreed upon by the directors, of the companies, the basis being the amalgamation on the market value of.the shares. It was also intended to include the Marmion and Golden Treasure Companies on similar terms, so as to make a good compact block of over 100 acres; but the r.wq latter companies have not yet signified their acceptance of the terms.;

. PROSPECTING IN THE UREWERA \, ' COUNTRY : . ; It is improbable that the G >vi rimont will, grant any prospecting lie-, ease in tho Urewera Country, until the Government are. in a positioii to deal with the country as goldfield. ’