Latest Mining News.

Waihi Daily Telegraph, Volume IV, Issue 1113, 7 October 1904, Page 2

Latest Mining News.

WAIHI EXTENDED MINE

ASSAY RESULTS By Tfllofiraph.-Presu Association. ACOKMND. tilir. (lit) Tub results of the usiv.iy of samples from tho ro( in the drive of the Waihi Extended mine was £1 iy 3 , No 2 Famplti, taken 'nil the winze in tho fooiwall scctiom gavo an assay value of X2 18'. M.

GOLD-BEARING STONE AT OPOTIKI

A PROMISING OUTLOOK

Tho wildest rumours (<nys the Opotiki Guarian) have been in circulation in Opotiki in regard to tho ieportod lidding ot gold near Tancatua, and a careful inquiry into tho mailer discloses ihc following fact?. Tho scene of tho dircovciy is un the Waimana Gorge Road, soma Ihrco miles from Tancatua, whore, during the process of widening tho road, the outcrop was discovered, All that has yet boon found are some dozen leadors, winch, on being crushed and panned out, showed a distinct colour of the precious metal, de' cidedly more than a more trace, which is the utmost that has previously been found in tho district.

Tho outcrop is located on Messrs Phil* lips and Fortune's property, who, between them, own some 000 acres', and who, to maid' their position a thoroughly sound one, have gone to tlio trouble of tilting out it prospecting license. Ihe leaders are encased in it good diss of country, from a mining point of viow, but of a'different class to lhat found in tho Haurnlu mines.

Some of the stone was sent up to Wailii to be tested and gave it result of about 10s per ton, but tho best parti of the samph's had previously been liken way, so there is a prospect of higher yields from tlio next lot, which is to be ral.en up for further tests within a Uvi diys by Mr. Fortune.

Tho stone gives sufficiently good propoets to warrant further development and Mr. Fortune, on behalf of Messrs Peebles, Phil ips and himself, who nro ilia orineipnls in the matter, fcoes tip to Auckland to form it syndicate and luvo tho find thoroughly prospected and tested. The services of a qualified prospector will be obtaiucd and ellirts mtido to locate the rocf, if such exists.

Tho parties interested are by no means over sanguine, but repeated erushings of dil'leront samples gave a uniformly good colour. Mr A. l'oeblcs, who holds a firstclass mine manager' 3 certificate, and has hud many years' experience in mining, speaks hopefully of tho find, but 11s an old hand, k not wishful to over nstim* ate Iho valuo of the discovery, or unduly boom it. Tho leadors found are more in pockets such as are often to bo met with in gold-bearing country, but Mr Peebles states the country surrounding them is of quite a different class to anything met with at tho Thames. For the sako of tho district, if only in regard to further prospocting work,'it is to bo hoped that success, even if it bo but comparatively moderate, will be the outcomo of the nutter.

AU6RLARB SHREMBRE7.

To-day's Noon Call

Mr. ft. G. Macky, sharebrokor, reports tho Auckland Stock Exchange quotations at noon to-day as follow :

SALES Kurttnui, Is 3d, Is U Caledonian, Is lid Moanataiari, 2s lid, 3s Albumin, Is lid, Is lOd Hauraki, cont, Is 8d

SKLLKRS'^

Kui'anui, h -Id' Caledonian, Is 7d Mahara, cimt. Cd Eclipse, 61d Moanataiari, os 2d Monowai, 8d Una, fid ■ Saxon, 7Ad Alburnia"ls lOd Coronation, 7d Crown, 4s 4d Ooldeu Bolt, paid up, Bs, cont,, 2s 8d Komata, 2s 6d Pridfl of Waihi, Is 4f| Tairua, 2s lid Wnihi, i'fj I<)j Boach, (id Consolidated, Is fld Extondod, 8s Od Juuetiona,'COs South, 6.} d Waitekauri, 2s 9d Bunker's Hill, h 10d Froehold, ud, Harbour, 6d Haurnki, paid 2s sd, con. hßd ' Oak, Is 9d

lIUYRBS Kuramii, Is Id Caledonian, h<U\ Mnhnrn, cont. 4d Eclipse, >Hd Moanataiari, 2s lid Monowiu, 6d Una, 3d Saxon, 6d Alburnia, h 9d Coronation, n.ld Crown, lis (id Golden Bolt paid, 2s 10d. con 2o 6d Komata, 2s 'id Mariiloto. 2s (id I'i'ide' of Waihi, Is Id T«inm,2s6d Waihi, £s l7s Beach, 5d Coosolidfltf-d, Is 2d Extended, 8s 3d Junction, 48s 6d HoutliH, -Id Wnilckinri, 2s 4d Bunkers Hill, Is 6d Freehold, i\& Harbour, 4d rlawaki, paid 2e. con. la 5d Oaks, con, 1b 4d