OUR MINES.

Thames Star, Volume XV, Issue 4840, 14 July 1884, Page 2

OUR MINES.

NEW PKINCE IMPERIAL,

Shares wore firmer on Saturday and today, Jbeing ,quoted, in. Auckland as high as 3Qs>: The cause will be found; in the following repori; 'from-the manager; in which he mentions that a new gold-bearing leader has been discovered at No. 5 level, and that some 'specimens were secured on Saturday from the leading stope at No. 6 : ~" No." 6, level: Western drive on No. 2, lead is now in 25ft. The hard rock which showed on the footwaH in the early part of tie week has now disappeared. The lead in the face^at present is stronger ifean it has been since; driving was started,-and although^nb\ pieked4|stpne or specimens have beeri; obtained, dabs of gold^a'rejbeeti seen every breaking down right up to' the face. The leading stope over this drive was commenced yesterday, and a portion of the lead, over where the gold was got in the drive, ta,ken down to-day, from which ; ; 15lbs of very fair' specimens were obtained. The eastern drive is in about loft; there is no great improvement in the lead yet, it still being very •8mall.; No. 5 level: The south prospecting crosscut has been at a standstill the greater part of the week on account ok the air being very light. The men which were employed here were started to drive north at the break to intersect the hangingwall lead, which ought to go through No. 2 lead at this point. A small leader, about three inches thick, has been met with, from which Bibs of very goocl stone bias been gotjbutlpannot say yet whether this is the banging'wall lead or merely a portion of. the No. <% which.was missed in the drive. The eastern stopes on No. 2 lead are looking rather better this- week, the lead bemg more corapaot. No. 4 level: The ••■quartz- comiDg= .to hand from-the stopes oii;, Nos, 1 j^.nd 2 lode* has been shaping much better'this week, and a few,, pounds of picked stone have been obtained from the stopes on . the hangingwfttt branch; Stpping on No. l.reef, at No. 3, proceeding a's usual;.—Gr. S. iOlaee." >

MOANAfAIRI- ' The manager reports that the trial lot of 7 tons from the large reejr,>\in'-.-the,; Waitemata crosscufc gave oijly :If ozs amalgam, equal to, 2dwts gold per ton. Mottled country has conic in on the northeast side of the crosscut, and the manager has changed the oourse of the latter so as to pierce the unfavorable strata as quickly as possible. There is no change to report in the other workings.

• .:; K^EANXTI HtLL,4 i : The wbrkings^on the;- No; 9 reef in' Kolly's section have been stopped, and the men removed to the Albion 80ft leveL Here driving has been started on- the No. 2 reef, which will be foilovred to its junction with the Long Drive No; 1 lode, when the latter will be driven on to the slide, on the top of which the manager is hopeful of discovering payable dirfe.

MARTHA EXTENDED (WAIHI.) The manager, Mr J. Moore, to-day brought dowh 1670^3 retorted gold, redisced on melting to 16fijzs, the result of the past five weeks' run with3o stampers. The amount of dirt crushed was large, considerably orer 600 tons, bu.t the yield is a payable one. The manager has popped the surface works on account of the wet weather. The low level in the Martha, 80ft. below the intermediate, is being pushed ahead to teat the reef. This should open up a large payable block, though there is still an abundance of payable quarts in sight,