Latest mining News

Waihi Daily Telegraph, Volume IV, Issue 1057, 3 August 1904, Page 3

Latest mining News

WAIUI EXTENDED JUNE I BEEF DEVELOPMENT NO SIGN OF I'llE FOOT WALL SPLENDID PHOSPEOTS

Tin; reef id tlio Wailii Extended mine is still being cut into, and the face is first l l class in appearance Up till yesterday afternoon they had' penetrated tire lode | for a distance of 15 feet (i inches, the last' few feet being very good looking ore. Meanwhile the lode is being penetrated, and is looking, we understand better titan ever. As was published in our report of ibo mino yojlerdav (lie chairman, Mr J, J. (,'raig, and iliree duvc- I tors, Colonel Holgate and Messrs W.' Bailey and D. G, McDonald, paid misiiM f the uiino and examined the reel'. In il.o course of a chat with Mr Craig on the all absorbing subject—the reef development - that gentlemen staled bo was suprising y plcasel with what ho saw, They ha Ig. t a magnificent reof and tho prospects wuc splendid, The three other sdireelors wore equally an enthusiastic in their admiration of the reef. The lode ui tho time of their visit had been peno(rated for a little over 15 t'oet, Several small ciuivas bags containing ore from tho reef were taken away by tho directors to bo sampled in Auckland, The Chair" man of Directors also gave instructions to Mr, Johns to have an assay of tho ore mado at tho Wailii School of Mines. Mr, Craig and Colonel Holgate left again for Paerca tho samo afternoon, and j Messrs, D, G. McDonald and W, Bailey left by tho first coach this morning.

AUCKLAND SHAREbIARXE?, To-day's Noon Call. hv. it. G. Mack.v, slmrcbroker. reports tho Auckland Stock Exchange quotations at noon to-day as follow : SALIiS Crown, (is (is Id Pride of Waihi, Is Hi, 2s Id, Talisman, 4s 81 Consolidated, Is sd, Is (id Extended, lis (id, 12s8:1 lol2; Junction?, Jos Souths, 7!, d, l''rccliol;l,''U SELUUtS Kuranui, lid Caloilonia, dd Albumin, Oil Komala, 2s 'JJ Pride of Waihi, 2s i)d Star of Wailii, 2d Talisman, 4s .01 Wailii, iCO Ws Waihi Boach, 44 Consolidated, Is HI Extended, 12s Id Junctions, 4(is South, V,i Waitekauri, ils Bunkers, Is Freehold, fl.Jd Harbour View, Ol I'auraki, Is (id, llUVhlls Kuranui, 2d Caledonia, 2d Albumin, (id Komata, 2s 5 I Pride of Waihi, 21 Talisman, li (id Waihi, XTi 17s Wailii I.iiittcb, ;>d Cousoliiliilul Is ;"i,l Extended, 12s Junction*, -lJ)j lit South. Did Waitekauri, 2si)l Hunkers 11,1 Freohold, -l.jd Harbour View, 814 Ilnuraki, ptid Is,"