THE RED QUEEN.

Thames Star, Volume VII, Issue 2025, 1 July 1875, Page 2

THE RED QUEEN.

It is not long since the above company's mine was referred to in these columns, and nothing has, do facto, occurred since then to call for a further or special reference to it;- but the shares hare bean quoted on 'Change; and : some of the uninitiated hare been.known to enquh*e during the past few days, " what is bringing Bed Queens into the market? " Considering the locale of the mine tliere need not be any astonishment at shares attracting a little attention, but the" circumstances of the Company at the "present time are somewhat peculiar. The capital having been (jailed up to a. shilling, there is nothing to look to as, the company; at present exists but what the mine may produce; in fact, just prior to the last crushing but one, matters had •.reached a crisis—the crushing must pay, or the work nmst -stop.. /The crushing did pay expenses; and since that time another lot — composed ,of 'picked j stuff— was treated with a successful result; end the mine of late has improved generally, or perhaps it would be more accurate to say that the twoleaders on the 290 feet level Lave improved. There is another circumstance, however! in connection with this mine, which calls for congratulation, and to.which; in all probability, is to be attributed the fact that Red Queen shares have of late made their appparanpe amongst the quotations of the Thames Stock and Mining Association. The Cure Company are driving on a reef towards the Ited Queen boundary which, so far, has given very promising prospects, and there is no reason to doubtr'tbat the reef will maintain its character to the limit of the Cure area in the direction of the Red Queen ground. If this assumption proves to be correct as operations are continued by the Cure Company, the Eed Queen will be in possession of a reef which has been tried up to thoir boundary line and found valuable. It fortunately happens that in following up the course of the leader on the bottom level of the Eed Queen mine, Mr McCade, the manager, is driving towards the reef in question, and the expense consequent on the performance of deadwork is thus rendered unnecessary. .'. ../■•,.., i