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MINING SUMMARY.

The return of gold banked since last summary —over 6000oza—is far 1 in excess of the results obtained for some months past, and one would naturally expect that it would hare an enlivening effect upon things in general, but this has not been the case, the complaint of " dull times " being universal. The cause of this is, however, apparent, for if the return of the Imperial was deducted from the month's total, it would.be a very small one, the yields of the other companies, with one or two exceptions, not being as good as we would like to see. The gold thus being mostly obtained from one mine, has not such a good effect as it would have were it more evenly distributed. A total of £7700 has been paid, in dividends for the month. In the sharemarket there is very little change; most local stocks have suffered a slight reduction, and the amount of business has been limited. The Imperial and Deep Level Cross companies have both started winzes below No. 5 level, and the prospects met with here will undoubtedly have a considerable effect upon the field. New Prince Imperial: During last month no less than 28cwt. of specimens were bagged from the western stopes on No. 2 reef above No. 5 level, which with 737 loads of general dirt gave the fine return of 32890Z8 gold. Out of this the directors declared a dividend of 8s per share, and were enabled to carry forward £2000 to the general fund. The stopes on No. 2 reef above No. 5 level continue to look well, and over 7cwt. of specimens have already come to hand, while from the shows of gold leftx>ther good hauls will be bagged before the end of the month. At No. 4 level the Mariner's reef is in hand for fully 320 .feet, and is yielding an average of 4 feet wide of good crushing dirt for that length. A winze has just been commenced at No. 5 level, t alongside _the break, to prove the ground below, and it is not improbable that when the new winding engine is placed in position at the end of the month, sinking the main shaft will be resumed. Deep Level Cross; The good return of 368ozsgold, from 300lbs specimens and 237 loads general' dirt, has been banked for the month. The whole of this was taken from No. 5 level, where the two branches of the crossreef and the two branches of the No. 2 reef are still being worked, and are yielding good general dirt, with occasional parcels of specimens. A wipze hap just been started on the

footwall branch of the crossreef, and another on the hangingwall branch of No. 2 reef, at No. 5 level. The latter will be put down to connect with the 640 ft. level, and will have to be sunk over 210 feet. The reef has not yet been out at the 640 ft. level, but the drive is in favorable country, and the lode may come to hand any day.. Queen of Beauty: The turbine easily keeps the mine dry with the single pump lift, which is a great saving. The work going on at present is chiefly pros* pecting. The drive seaward at the 670 ft level is in good country, and the reef is three feet wide, and well mneralised, though showing no gold. The stopes northward of the shaft are yielding payable dirt, and the run of auriferous ground seems to be dipping hill ward, so the manager recommends the directors to push on the northward drive. At No. 8 level good progress is being made with the crosscut for the Bird»in*Hand reef in I favorable country, but there is a longdistance to drive yet. Work has been started on the tributers' leader at this level. Mariner : The only work in progress is a winze on a cross-leader at No. 3 level. It is down now 40ft, and the leader, which averages about a foot in width, has shown gold each breaking, and produced a few lbs of specimens. London: The trial crushing from the winze on No. 1 reef at No. 3 level gave the very satisfactory return of 2ozs per load. The winze is now being sunk on the hangingwall of the reef, and a little gold is seen in some small stringers. The drive on the No. 2 reef has been put in fully 100 ft, the reef averaging about 10 inches in width, and showing colors of gold for the last 80ft. The trial crushing, however, did not prove payable, so stoping has been stopped. The manager is now cleaning out an old drive on No. 2 reef at No. 4 level, and this drive will be extended so as to open up the ground below the workings at No. 3 level. The distance to drive is over 300 ft. Queen of England: The contractors have driven up to the beach slide at No. 3 level, but the quartz not beiug payable, work has been stopped. Thames Golden Crown: The good result of 1.150zs gold from 60 tons of quartz has been banked for the month. This was won chiefly from small leaders at the 100 ft level, and the manager hopes to be able to open up some good blocks, as there is plenty of ground unworked on the leaders in question. In the seaward drive at the 170 feet level the reef is three feet wide, and showing colors of gold. Caledonian : 134 loads; quartz from the Bed Queen cross-leader gave the payable return of 1540zs gold, and remunerative dirt is now coming to hand from above No. 1 level. The winze to No. 2 level carried payable ground the whole distance, and a drive is now being put in to connect with it. A long distance, over 300 ft, Las to be driven, but good progress is being made. Waiotahi: The* payable ireturn of 2840zs 14 dwts gold from 198 tons dirt has been banked for the month. Moanatairi : Only a small staff of hands are employed, and consequently the quantity of dirt obtained is not large, but it is of payable grade. Fair results are also being got by tribute parties, 20 of whom are at work. Kuranui Hill: The trials from the prospecting shaft, and also from No. 9 reef, proved very poor, but the manager is vigorously prospecting in likely places, so something payable should be met with before long.—Moanatairi Creek : In this district the Alburnia and Beuben Parr companies are working, but neither are on payable dirt.—•Waiotahi Creek: The chief mine in this district is the Bright Smile. Last week the manager banked 4460zs of gold, for which the small amount of 65 loads general dirt and 4751bs specimens were treated. This is the return for 2J months' work, but is highly satisfactory. The directors have declared a 6d dividend, absorbing £500. Payable dirt is coming to hand, though no specimens have been bagged so far. The Extended and New Columbia companies 1 are opening up their ground. A new j; venture named the Moanatairi Extended has been successfully floated, and work is to be started in real earnest shortly. A winding and pumping plant has been ordered, and is to be supplied for the moderate, price of £1400. The Darwin Company, recently started, is sinking a shaft in good country. They will probably put it down 200 ft before opening out. Both these companies should meet with payable gold, as excellent results were formerly obtained at the creek level, but the workings could not be carried lower on account of the water. —Karaka Creek: The reef cut in the 180 ft level chamber of the Seymour is being driven on northward, and carries good minerals, but has shown no gold yet. The crosscut for the Lucknow reef is in over 70 feet, but the lode has not yet come to hand, though'it may be cut any day. The Rocky Point is pushing on the low level, and the Adelaide proprietors are taking out payable dirt., —Hape Creek : The Dart crosscut to intersect No. 2reefatthe 230 ft. level is in 150 feet, and another 30 feet should see the lode in hand. A little gold was seen in driving upon No. 1 reef, but this work has been stopped for the present, and the men are taking out a crushing from the specimen leader by underhand stoping it from the level above. The Hobion and Magnolia companies, whose ground is situated between the two lasl mentioned creeks, have been repairing old levels with the object of testing the reefs at greater depths.—Otunui District: The 12-head battery erected by the New Eureka G-.M.Co. was opened on August 28th, and is a fine serviceable plant. It is distant abont three-quarters of a mile from the field, but as the road will soon be in good order, the company are calling for tenders for the conveyance of 100 tons quartz to it, and also intend to open up their mine more thoroughly. Other companies and claims are also ready to forward dirt to the mill. The field will now have a fair test, and we have no doubt it will prove payable. The Upper Country districts are still looking well, and it is confidently expected that rich results will be obtained from the Te Aroha mines in a month or two, when the tramway connecting the mines with the battery is finished, All the tests put through so far have given excellent returns, and new discoveries are con' stantly being made. A large and productive field should be opened up here within the next twelve months. Karangahake: The 20-head battery has started work. The mines continue to look well, and only need crushing power to enable them to give ,payable returns. Waihi: The Martha Extended company are crushing payable, though low grade, c}irt. Waitekauri: A number of tributers are working here, and are doing pretty well. Kiely and party recently obtained 2140zs from* 80 tons. Owharoa : The Smile of Fortune and tributers are steadily peg» ging pway, but; no returns have come to hand from .ibjfa district lately.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/THS18830908.2.26

Bibliographic details
Ngā taipitopito pukapuka

Thames Star, Volume XIV, Issue 4580, 8 September 1883, Page 4

Word count
Tapeke kupu
1,702

MINING SUMMARY. Thames Star, Volume XIV, Issue 4580, 8 September 1883, Page 4

MINING SUMMARY. Thames Star, Volume XIV, Issue 4580, 8 September 1883, Page 4

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