The Future Mining in N.Z.

Te Aroha News, Volume XIV, Issue 2070, 20 January 1898, Page 2

The Future Mining in N.Z.

Mr H. A. GoßnaNj interYiewed in London, says with regard to A revival in mining here: thatf it will follow on results, ahomng that a percentage of mines floated are going to achieve success—a success that will—he confidently expect in some cases rival that of Waihi. Qf the number of mines floated in London ones will, he fears, form but a proportion. On the subject of fteep sinking Mr Gordon furnishes some interesting reading, He says t ‘ Where gold has been found at any depth in a mine it is possible to look to the deep levels with considerable confidence* but excellent surface indications afford but poor evidence that the stone will carry gold at lower levels' , The occurrence of the precious metal in New Zealand is much the same as throughout Australia. After carrying the gold down to a considerable cLpth it may entirely disappear, and several hundred feet of barren country be passed, through before again coming on it, At Bendigo, Lansells is an excellent example of this. The stone oarried gold down to 750 feet, when it entirely petered out, and was not come on again till a depth of 1,500 was reaheed. It has since beeu carried with a slight break at :2,Qopft to over aMepth ol’ 3,OQ(h In New Zealand similar examples are to be found in the Kapanga, which from 500 to 900 feet passed through {almost barren -country, and is now on gold with shaft dowj4 v l,oQo feet, also in the old Rrihoa£ Imperial at the Thames, after which good gold had been taken out close .to .the surface barren country was met, with and the claim eventually sold for about £3OO ; the new company after sinking 200 feet came on sufficiently rich stone to pay £67,OoQ:ih dividends, rihe MayQueen, also at the: Thames, did very well on top, but had to go down a cbnsidejable distance before striking it rich again, and after were hampered OWing to difficulty of drainage, so that the second zone is now nearly all underfoot. might quote Jhe Keep it also* where the gold was carried down to 500 feet,"and then sinking through 250 feet of Unprofitable country had to be prosecuted before again coming on the gold. ‘ The gold for the most part in New Zealand occurs; in shoots and .zones, and* one may strike it rich at any time*’