Latest Mining News

Waihi Daily Telegraph, Volume IV, Issue 1056, 2 August 1904, Page 2

Latest Mining News

WAIHI GRAND JUNCTION. STEADY PROGRESS. Tm; sinking of the witizo in (ho Waihi Grand Junction Gold Company's mine is being steadily proceeded with. The drive on the reef in tho No. 2 level is also being steadily advanced through firm country) intermixed with quartz find impregnated with mineral. The lodo at the present point in tho drive is not defined, having dropped out a few feet buck when it was a width of 2ft. Gin. The appearance of the (ace of tho drive is considered favourable, and tho lodo at any moment may re* appear, At tho anglo at which the drive is being advauced it is within 70 or 80 foet of the dividing boundary of the Junotiou and Extended,

WAIHI EXTENDED MINE CONTINUATION OP THE REEF SPLENDID LOOKING BODY OF . ORE The re-appearance of the reof, wins' 1 had been penetrated for 11 foot 6 inches, in tho Waihi Extended rnino has created' intense local interest, At the point whero it was disclosed, after passing through a clay head of n few inohes, in thickness, it presents a well defiuod wall of quartz, superior in appearance to that which was first intersected, In fact it is th 9 opinion of thoso who have soon it, and who 'are able to speak authoritatively, that the development is equal in importance to that of tho Grand Junction mine. In referring to the dis* covery, a mining onginorr of wide export* once staled to a ropresontativo of our paper that the intersection of suoh a large body of ore at tho present level was more than surprising, and tho possibilities of I tho future of tho mine were incalculable. It was a splendid thing for Waihi, as it had proved undoubtedly that tho Colossal reef system of tho Waihi Company's mino lived far beyond the boundary limit of tho worklfamous mine, To a further;* inquiry tho gontleuian rouiarkod thiUo\flW though the discovery bad been a reef H but a few foot in width, it would have bed! of tho greatest value to Waihi, for thS roason that that would have been stiflieiont proof that extension of the Waihi mino's lodes existed a considerable distance from the paront lodo comparatively near] tho surface. Tho reef has now beon peno-' ] tratod about (our feet from tho point whore tho clay band was passed through, making j tho total width of tho lodo 14 feet 6 inches! j VISIT OF DIRBCTOB8: INSPEOY j TION OF BEEF, 1 This afternoon Mr. J. J, Craig iohoi J man of directors ol the Waihi Extended Goldminiiig Company), Colonel Holgatel D.U. McDonald and W Bailey (director! I arrived in Waihi. The visitors put up ati the Central Hotel, f rom wh ' ■ after taking Inn,. p foC6ed J| to tho Extended mine. Here thevl wore joined by Messrs. Williams J (manager of the Waihi Mine), S. Draffin 1 and M F. Haasard (surveyer). Under tho guidance of Mr, Johns, mine manager they doscanded tho shaft in order to view and exomino thereof. Tho party asoend-' ed in tho cage altera kpso of nearly three I quarters ol an hour. The reof has been penetrated about 15 feet 6 inches, tho last few feet being a splendid body of quartz. Ono of the directors (Mr, Bailey) ' on arrival a! thosurfaee said he was great. 1 ly impressed with the size and appear,-J ance of tho reef. PEGGING OOT CLAIMS \ . T , ho °" tcome "f Hie recent devokW mtheWailu Extended mine, and tho lator news that the reef is still being penetrated with no sign of thefootwall, has caused more than ordinary interest ii the future proepeots of mining in

Waihi, The iniportatico and value of such a largo ore body being discovered has been recognised in a practical manner, inasmuch as a largo nurabc of claims outside the boundary of the Extended property have been peggod off, and will be applied for at the next Bitting of tho Warden's Court. The areas applied for rary from 20 aoros up to 100 acres, Wo learn that about / twelve applications have already been lodged with the local mining registrar, and wo hour also that more aro liltoly to follow. Thorb is little doubt [hat tho applicants have sound reasons for tukfcg up mining areas m tho locality. The provions pogging of mining areas was a mythical affair as compared to the present operations. In those days claims wcro pegged and applied for purely as tho roBul't of a wild and ungovevnablo mining boom, ■' It was atimo when" wild cats" and every other "cat" were being boomed in a manner in which the speculative publio lost their heads. Wo aro not looking for a repetition of such a deplorable stato of things, nor do wo for ono moment anticipate anything of tho kiwi The claims that have so far been pegged includo those which had previously been taken up and subsequently abandoned. Tho names of somo will be familiar to many os our readers, such as tho Flower f Waihi, Waihi Main Lend, Waihi Montr nient, otc. EXCITEMENT IN AUCKLAND (Siwiil to tlio Daily TF.i,r.GWH.) Abokunii, thii da* Tho striking of (he reef in tho Extnmki is tho main .topic of conversation at tho Exchange. Yesterday quite a state of excitement existed whon it became known that tho reef had a«ain been touched. At the noon call the Exchange wa3 crowded, the scene being reminiscent of ths boom times,