MINING.

Waikato Times, Volume XXX, Issue 2483, 9 June 1888, Page 3

MINING.

Thk Waihi G. M. Co.—Mr E. M. Corbett, who, beside acting as engineer to tho Waihi Gold Mining Company, was appointed to act in the same capacity for tha Jubilee Gold Mining Company, has received a letter from MrE. Kersey Cooper from London concerning the floating of the rnine, which ' hai recently boon followed by a cablegram through Reuter's agency. This states that the mine has been duly floated, and that £000 has been placed to the credit of Mr Corbett, at the Bank of New South Wales, Thames, instructing that gentleman to immediately proceed with the erection of tho battery. As Mr K. K. Cooper will be out this month, Md Corbett has decided to await hia arrival before taking any steps as to the plant. This plant, when erected, will be ablo to treat tho ore for the low

-rice of 4s per ton, or less than one dwt. to the; ton. The dirt, as far as it has been sampled, is worth at least lodwts., while some very rich ore exists in the gully, which forms the chief portion of the mine. Thus with the Mariposa, Maroroa, the Waitekauri Companies mine, and the.SaXon, all of which are likely to be Inrgely worked- by foreign capital, there seems no sort of doubt that Waitekauri will shortly advance " by leaps and bounds." Mr J. W. Walker is getting on rapidly at Waihi. The Dart machinery (42 tons) is nearly all on the ground, the bailer, or rather a section of it, being taken out on Saturday last by-a splendid team of eight hoifses. It is not expected that the machinery will be in place before next spring. There are already 30 men working on the mine, and before long possibly over 100 will bo put on ; indeed, with a plant capable of putting 500 tons of ore through weekly, a larger staff even than that will be necessary. Cleaning Up.— McKennan and Co., tributers, Waihi, Martha Company, cleaned up on Saturday for llSoz for six weeks' riin.

Reduction' Works.—lt seems now to be definitely settled that tho Parkes process of ore-treatment will have its first trial in this colony at Te Aroha. The smelting works to be erected will be situated at the foot of the hill at Tui Creek, the Company having acquired water-rights there. As the operations will for a time be, necessarily, of an experimental nature, it is not proposed to commence on a large way at once. The furnace, however, will be capable of running through six or seven tons daily, a quantity sufficient to prove the merits of the process and its suitability for the treatment of the ores found in this neighbourhood. At the Champion Company's mine, in connection with which the plant is to be erected, a large quantity of stuff now lies roady to be operated on, and communication between the mine and the reduction works will bs effected by means of an <urial tramway, the wire for which is now here. It is to be feared that great difficulty will be experienced in getting tho heavier portions of the gear .to the mine, as the hill road is now in a wretched state.