Latest Mining News

Waihi Daily Telegraph, Volume IV, Issue 1063, 10 August 1904, Page 3

Latest Mining News

WAIHI EXTENDED MINE

PROMISING FUTURE Sinck reaching tlio footwall of the roof at n width of It) fcot, work in tlto face of the drive has been continued, but up tho present no appreciable advancement has been made. The footwali of the reef is repor-i ted to contain good sulphide ore, and much interest is beiiif» manifested in tho probable valuo of tin reof at this point. Taking as«cntovion the footwall of tho reefs in the Wiihi mine, and tho appearanco of tho lode in tho Extended mine at this point, a good essay may be rcnsonablj expcolcd. The theory advanced by some of our local mining men is that the reof is an extension of tho big Martlm lode, and not tho reef that is being tra; versed in tho Grand Junction mine, and that tho lattor reef may bo picked up a little distance ahead of thopresent drive in the Extended. This idea is based on tho fact that the courso of tho reef in qnostion in the Junction mine rung at a wider angle. Tho future prospects of tho Extended are yery promising indeed,

PROFITABLE MINING OF LOW GRADE ORE, In a papor contributed to tho Mining and Engineering Review (San Francisco) by Mr John W. Gray, raining engineer, on the production of gold in 1008, lie gives tho following particulars of cost of mining, milling, cyaniding, etc., at some lo\v r grado mines in Utah, Alaska, and Mexico, Mr Gray states: "At the Mercury mines, Utah, n yield of 3-8-ldol was credited lo ore treated at a cost of $2 95; assay value, ss*os. In South Dakota,- at the Iloinestakc, the yield per ton wag 53 , 02, imd cost and Alaska, al| the AlaskaTreadwell, the yield was S2'2o, and cost ftl-25). The item of expense of (he two mines laßtmentioned aro of sullicier.l interest to give in detail, as being actual results obtained from work on a yery large scnlo indeed at two greal producing siul disiinctivc[y low-grade mines, Homestakk Mink 5 Mining 2*o-1 Milling 040 , Cyaniding 0-29 Tramming OOH Water 0 OS Taxes O 05 Interest 002 ' Gonoral 0.1, r i Total y.15 Auska-Theamvhm Mine ? Mining 09022 Milling 0.16 M Snip. Espouse ... O'MB7 General 0.0008 S'in Fnineiscc Ollice 000!)o London OHico ... o*ool7 Paris OHico ~ O'OOOil Const, England 000'JG Now Const, ... 0 0-15-1 Total 1,2856 AUCKLAND SfIMEMMKET.

To-day's Iloon Call. Lr. fi. G. Macky, sharcbrokor, reports tiio Auckland Htock Exchange quotations at noon 10-day as follow SALES Komatft, '2s od Prido of Wailii, la 7d Extended, 9 s !3d, 9s ■ld, 9s SKtiIKKS Kiminui, 4d Caledonian, Id Eelipso, y 1 Albumin, 9d Crown, lis Oil Golden Bolt, cont., '2s ild Koinata, 2s Oil Pride of Wailii, Is 7(1 Talisman, us Wailii, £5 19a Wailii Boacli, 4d Consolidated, la 7d Extciided, 9s Junctions, uOs Wnitekauti, lis Bunkers, Is (id Freehold, 6d Ilauraki paid u|) la (id, cont. lid niivwiKurniiui, iid Caledonian, ii l Eclipse, tid Crown, os lOd Golden Bell, '2s 7d Koma'n, 2s Id Pride of Wailii, Is fid Talisman, 4s lOd Wnilii, £,) l]s Wailii Beach, .')d Consolidated Ji 3d 3'j.viended, Hi 10d Junctions, 47* Wnitekinni, '2s yd Bunkers Is iid Four in Hand, 13d Freehold, 3d Ilauraki paid up Is M. cont lid