OUR MINES.

Thames Star, Volume XII, Issue 4009, 3 November 1881, Page 2

OUR MINES.

CALEDONIAN.

This mine has attracted a * deal of attention lately, owing to tne favourable ' indications met with in the ea&trdrive at - No 1. level, and shareholder?-!^" ft"Uare long been on the tip-toe-of "expectation. Notwithstanding the good indications met with, the scrip remained;.,afc'-a low figure, and up to yesterday they were only worth 8s 6d each. The news j reached'" the " Corner," however, that the manager had at last come upon something good, ~ and the scrip speedily rose to-lls, at which price there were" no sellers. It appears that during the past two - or three days the body of quartz which • was discovered on the hanging- '■ wall of the No. 2 reef has gradu- '" ally assumed a more definite formation, ? and is now quite distinct from No. 2 reef .. and about 3 feet thick; In breaking it down yesterday, about 151bs of fair picked ' ' stone were obtained, and it was this,that caused the scrip to rise. • The reef. J,w«»'. * again broken down last night, and'aboqt ' 20108 more stone similar to that obtained earlier in the day was the result. W,e were favoured with a view of the stone' this morning. The gold in it is well dis- _' tributed and seems pretty free from, minerals. This reef does not contain nearly so much raineial as Vi itsj larger neighbour, nor is it so hard",-.-.'Jfte manager now feels sareu..tiuuL. this body of stone is the No. 1 'rje^f, and not, as he first supposed, a catroxUhe No. 2. At present the reef is lyiflg very. ilat. At the time of my visit this morning gold < was showing iv the face. The quartz is being taken to the surface as broken down, and from its appearance should pay well to crush. There is a large, block of ground to work out here, both reefs ' standing almost intact to the- surraco. Good progress is being made in cleaning • out the old rise on the hanging, wall of , No. 2 reef. • v " '' HOPEFUL. „ : '■■ *'- The manager reports:— N : o*- 1 Reader is ' still looking very well. In addition to the . 401 bs from Saturday's breaking cdowny,!. ■ " obtained 181bs of good- picked atone. There is gold showing ahead on.tfce'floor., ": I have not seen a better class of country in the mine than that in which-I am getting the gold, and to all appearances it may be expected to hold down to the No*. 3 tunnel. I nave one man driving the surface drive in Luck's All. I have inter- - • sected the main lode, but where'cut' through it is rather small. I intend to push the drive up to Luck's AH leader, as - it was from it Joy and party got the last of the gold. There is a great portion of it unworked. I purpose to crush next week. There will be about twenty tons. —E. House. KUBANUI HILL. A late report of the manager says :•— " Junction Shotover level: Goodprogress is being made; driving both ways on this leader and stoping with the same prospects [ mentioned in last report; drive is now iq *

a distance of SO feet, and good prospects all the distance. The block under the present can easily be got at as soon as what is already in hand ia thoroughly opened up and proved. Poverty, Charleston : No change to report from here, with the exception that the footwall portion of the lode is becoming more mineralised, and the quartz changed on footwall from here. Reef still continues small on aocount of hardness of the ground, although the quartz has a nice appearance, and some of it will be mineralised. The contractors are making very poor progress, the ground being so tight, and they are in a j good working crowd. Battery: Will j Start during the week to put through the j accumulated quartz for the company and > tributers.—Thos. Cbawfobd." i OLD GOLDEN CALF. This company cleaned up to day, after four week's run at the battery, for the capital return of 90oz lOdwts gold, the produce of 70 loads general dirt. The small quantity put through is owing to the stamps at the battery being required for other parties; at times only 5 head of stamps were going on this company's .GOLD RETURNS. Radical (Owharoa).—Thorns and party, tributera in the above mine, have crushed a parcel of quartz at the Smile of Fortune battery for the return of 45ozs lOdwts gold. Moanataibi. —Gordon and party have banked 22ozs gold.