A GENERAL REVIVAL.
' : "(FROM QOR OWNf CORftES^ONpENT;)
■ ';■'''•■' .: -' Thames, Tuesday. ;. Therels a general revival:in .miningmftt*. ters throughout the disbricb.vatid. the year upon which we have just .entered promises, to be one of prosperity.; Amongst the out- ; side centres, Waiomo is claiming mpslj attention, and the Mpnowai and BrokenHill mines should become bullion-producers of.some importance ab an early dabe. The reduction plant now being erected for the former. Company, is rapidly approaching completion, and should ,be in operation upon ore from, the mine at am early date.' Assays show thab the ore is of. a. highly remunerative grade/ and there seems little room for/doubb that the shareholders will be/ suitably: rewarded for their enterprise. The Broken Hill, has been formed into a, company,of 55,000 shares of Ss each, nil paid up/ Parcels of, pre are to be 1 taken out from three different parts of the mine for treatment at tho ThamoHi School of Mines' experimental plonti and judging/ by the excellent .results, obtained /from the numerous assays that haVe already been made, tho ore should yield well. The assays average about £10-per ton, and the reef is from 4 toT2, feet thick/ /, Ab the. Thames propet'the Outlook isals? most" encouraging. The/May Queen in particular- promises well, and operations are being watched With ft: good deal of • interest.' -. ■;: - '■;■■-,« : ' , . The sharemarkeb isbrieker- than ib has been for/months past, and there is a general inclination to invest in mining. ~■, '
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Bibliographic details
Auckland Star, Volume XXVI, Issue 7, 9 January 1895, Page 4
Word Count
235A GENERAL REVIVAL. Auckland Star, Volume XXVI, Issue 7, 9 January 1895, Page 4
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