OUR MINES.

Thames Star, Volume XII, Issue 3770, 27 January 1881, Page 2

OUR MINES.

GOLD RETURNS

The following are this day's returns :— Caledonian (Paltridge's tr), 26ozs lOdwts ; Kuranui Hill (Trebiloock's tr), sozs > l6dwts; Do. (Jury and party), , 75zs 18dwts.

:. WAIHI PLAINS. ; The "party who have pegged out 15 men's ground at Waihi on the reef referred to in our columrs some days ago have had 6 bags of quartz crushed at'the Owharoa battery. To-day the result- was melted at the Bank of New Zealand, and gave an ounce of gold. This is a fair payable return, and when the road is made to the claim and quartz can be brought to the battery at a cheap rate, the claim will pay very good. wageß. We shall not be surprised if other claims are marked* out in the locality. •;'

OWHARA.O ' The correspondent of the Miner writes as f6ilow£;'%r" I. was over at Owharoa on ■Friday, ahji "w«nt through the various .claims. -There-are-five or six parties at work—in all abouii ,thirty men. Despite alj that has been said about the exodus from Te'dfroha, Tonly notice about three Te Arohans in the. crowd. Moat of them have been prospecting at the'-Ajroha for months, and there are not more than a dozen Thantes and Coromandel men. Campbell and party the Radical tributers, have undoubtedly the best show. Their leader'is six iiVehes, but I did not have a good.chance bf-.seeing what it was like, as the 'men" "^were engaged in stripping during my* visit. The tributers state the dirt is <?plen'did, and reckon that the parftel.they bai^S paddocked will yield 15 or 20ozs.per ton. Sandy f horns and party of the Golden Hill, Radical, are sinking a "shaft on the lead, and are obtaining-good prospects. James Liddel ■jmd party have the* ground next above, and are starting a tunnel to cut the lode. ' The great drawback of the country as a goldfield is'itS'kathess, necessitating either very- long drives or sinking to get backs. I would not recommend anyone to leave tbe-Aroba for this new field—at any rate until something more has been found."

UNION BEACH, COEOMANDEL. An meeting of the shareholder's of the Union Beach- Gold Mining Company was held yesterday afternoon in the large room of the Insurance Buildings, Captain Daldy presiding.—The following report from the directors was read :— " Your directors, seeing that they cannot make the mine pay its expenses without further calls on the shareholders, and th^ new discoveries of gold in other parts of the province having had the effect of drawing away the tributers, have thought it their duty to consult you before incurring fresh -liabilities. They now submit a- statement of accounts to the 25th inst.,'and mine manager's report for your information and guidance.—W. C. Daldy, Chairman, January 26th, 1881."— The Chairman thought the meeting would approve of the course which, the directors had seen fit to take. They had gone on , prospecting since the date, of the annual meeting, but recently their five or six tribute parties had left them, and they were thus.left to bear the whole expense of .the pumping from old workings. The real question now was one of money— ' whether they should continue it, and, if go.fiif what direction, They knew where t£& gold was *.?' c found, but further - Sinking .would be necessary in ordjer to reach it.—ln answer to Mr John Geddes. the Chairman said the gold was to be found in the; 1:80 feet level.—The Secretary said that, there were 250 paid-up shares in the company, and 7030 shares on which calls had been paid up. There was 16s 6d per share yet due on 7000 shares, representing, therefore, something over £5000.—Mr Woollams spoke in favor of continued operations. He made a recent'inspection of the mine, and had every hope of a successful future for it.—The Chairman remarked that for' tbe last six months £1800 worth of gold bad been taken out of the mine.—Mr Woollams advocated the further sinking of the 'shaft from the 180 feet level.— After some further discussion it was unanimously resolved, on the motion of Mr John Geddes, seconded by Mr Sanderson, "That the -directors be authorised to continue working the mine, and to make the necessary calls until the annual meeting in Jnne next."—The meeting then dissolved.