MINING MATTERS.

Thames Advertiser, Volume VII, Issue 1830, 3 June 1874, Page 3

MINING MATTERS.

Inverness Tbibote.—A. parcel of stuff weighing 62ozs 6dwts after melting, was lodged ia the Bank of New Zealand yesterday, as the result of a crushing of 49 tons of stone just completed at the Prince Alfred battery. The stuff was put through for Schofleldand parly, tributers of the Inverness Company, and was taken out from, the same lode and close to the same place from which the recent crushing for Catran and party, No. 2 tributers of the same mine, was taken. The return is a good payable one, and is per fectly satisfactory to the tributers.

Black Anobl.—The trial crushing for. the Black Angel Company at the Tramway battery, was brought to a somewhat unsatisfactory conclusion after ten hours run. The stuff was not shaping well, but the crushing was stopped in consequence of the difficulty of getting the quartz into the mill, the Manukau stuff having crowded up the machinehouse finally engaged the whole force of the mill. The stuff which now remains in tho paddock will have to be carted to some other mill before it is treated. /.At the Manukau battery the general crushing is going on well upon stuff from the slopes on the brown reef above the 116feet level, which is shaping up fo<* a good payable return, but it is not intended to' have a general: cleaning up until next week, when crushing will be completed, At present the manager is engaged opening up an erensivo block of ground against the Whau boundary. Here there is a lode varying from 6 inches to 3 feet, in which there is a little gold visible, and it is likely to pay very, handsomely. Point Russell Tkibcns. — Another crushing for Teasdale and party, tributers of the Point .Russell mirte was commenced yesterday at the Prince Alfred battery with a force of ten head of stampers, There is altogether a pretty large parcel of quartz to put through. Some of it consist!) of trial lots, but the principal portion is. from the same lode which produced the recent good crushings, and there is reason to anticipate a line average return from the whole crushing. Toooy.—\ trial parcel of stuff from this mine was commenced yesterday at the Prince Alfred battery with 6 head of stampers. The stuff appears to be prettv fair in quality, but what it may be worih can only be shown by the result of the cleaning up.

Sons of Frerdoh.— There was a find of gold in the 90-fee't level of the Sons of Freedom yesterday which created a slight sensation. The reef at' this level has for some _ time past been # rather broken, but its course was being driven on in order to communicate with a small winze sunk at the boundary of the Black Angel mine, through which the water is to be carried from the Black Angel mine. When near the boundary tho reef came together, forming a nic» compact body, and it was out of this that the specimons which came to hand yesterday were taken. The find may prove a very important one, for although this gold is close against the boundary in the 90-feet-level, it is'evident that it is a portion of the Black' Angel shot of gold which is dipping dnto the oompariy's mine, and they will have it to a much greater extent in the next level. The reef in the face at present is from two to three feet in thickness.

Albubnia.—Cleaning up for the Alburnia Company has been postponed until to-day, but retorting will take place this evening at both mills. Yesterday there were 2) head of stampers at work for the company at the Ballarat and Clunes battery and the full force of the company's own mill was employed, although not fully in consequence of scarcity of water. Although the crushing has been very much broken there will doubtless be a very handsome return to hand this evening. ExcHiNGK.—ln the main cross-cut ofthe Excuango mine, which is being driven towards the Crown Prince lodeo, the manager has had hard ground for the greater portion of the distance. The drive is now in better than 370 feet, but within the last few days there has been a very marked improvement. The red hard country which has hitherto prevailed has_ given place to nice kindly country in which auriferous loles might be looked for. One lode, which U a foot thick, and shows a little gold, has already been intersected,- but has not been driven on. The lode is evidently not one of the Crown Prince reefs, for according to the surveys made there is still a good distance to drive before either of those are reached, it is therefore in all likelihood a parallel lode. The quartz composing it is of a kindly description. Lincoln Castle.—At present th.> manager of this mine is engaged hiking out a trial crushing from the lode near the surface in which gold was recently found. It is a hanging-wall leader of good size, about a foot thick, and shown a little gold where it is at present being worked on, at a depth of 60 feet from the surface. The cross-cut which is being driven into tho spur opposite the Mid lleStar is still continued. It has cut through one leader at a length of 40 feet from the mouth, but this does not show any gold, and the drivo is continued to intersect other lodes which are still ahead.

Old Whatj.—ln this mine the new level has reached & length of about 23 feet on the course of the hanging-wall reef, and as the distance is now too great for pitching the stuff back to the winze, tho manager has commenced to timber up the drire to lay a road. The drive is, however, being continued, and the indications yesterday were considered very favourable. There was a quantity of ruby silver and mundio showing in the faoe. Tho cross-cut has notyet intersected the main reef, but tho right-hand branch lode has now assumed the position of an independent reef, ani the quarts in it looks well. In faofc the quarts on all hands looks well, fyitttarc wao gold staging \tuGy<ta

MEETING OP SHAREHOLDERS.

Nonpareil Gold Mining Company. —An extraordinary general meeting of shareholders of the Nonpareil Gold Mining Company was held at the Mechanics' Institute yesterday. There was a large attendance, 157 shareholders, representing 3,532 shares being present in person or by proxy. Mr B. Binney was called to the chair. The object of the meeting was to authorise the increase in the oonr Eany's capital by the issue of new shares, ut prior to the meeting being constituted the subject of amalgamation with Waitemata Uold Mining Company was discussed.—The legal manager stated that since the adjournment of the last meeting the Waitemata Company had opened a correspondence with the Non-, pareil directors relative to amalgamation. He read the correspondence, from which it appeared that the Nonpareil directors offered to propose to their shareholders; that the Waitemata Company should in the new company receive 6,581 shares, that being the number .of shares in that company's mine; These terms were accepted by the Waitemata directors, bat as there was., a ; feeling amongst the Nonpareil shareholders regarding the terms, it was left to the meeting to amend the proposition, but they suggested that 881 additional shares should be allotted to the Nonpareil shareholders, making the shares in that; manner an equal division between the two companies. A good deal of discussion then ensued regarding the term*'. Mr Tyler, in a lengthy exhaustive address, contended that the basis of amalgamation should be the market value of the mines, estimating the Nonpareil 5,700 shares at 6s 9d . and the Waitemata 4,026 at fa 6d, ■ these being.the last quotations. After a good' deal of desultory conversation the extraordinary meeting was constituted, with Mr E. Binney in the chair, and the Chairman said ho would take a show of hands as to the advisability of amalgamation. There was a unanimous vote in its favour.-Mr Tyler then moyecl the following motion, which was seconded by' Mr Melhose:—" That this meeting will .consent to amalgamation with; the | Waitemata Gold Mining Company on the following terms: -Ist. That a company shall be formed under the Joint Stock Companies' Act, 1860, to be called the Old Nonpareil Gold Mining Company (limited), having a capital to be balled up of £9,726, divided into 9,726 ihares of £1 each; that of those shares 4,026 be allotted to the Waitemata .Gold Mining Company on that company lawfully transferring all its property to, the new company, and the remaining 5,700 to be allotted to the Nonpareil Gold Mining Company on that company legally transferring all its property to the new company. 2nd. That four directors of the N onpareil G. \f .C. and three directors of the Waitemata G.M.C. shall be subscribers to the memorandum of association of the new company. 3rd. That the' office of the Waitemata G.M.C. be tranferred to the office of the Nonpareil G.MC. upon the acceptance of those terms, and that the manager of the Nonpareil Compa'ny be appointed manager of the new company. That upon the formation of the new company and the lawful transfer of the respective properties to the new company, extraordinary meetings of both companies ■ shall be called for the purpose of voluntarily winding up. And that the directors of the Waitemata G..VJ.C. shall, before 2 o'clock oo Tuesday next, accept or reject the above terms. The motion was curried, and on the motion of Mr Tyler, the extraordinary meeting was adjourned for a week. A vote of thanks to the Chairman terminated the proceedings.}