KAPAI VERMONT CRUSHING.

Auckland Star, Volume XXVII, Issue 108, 9 May 1896, Page 5

KAPAI VERMONT CRUSHING.

The manager telegraphed to • day '•— ii Malted 3700z of gold fcom 308 tons of ore. nlnoc started on ore from the low level *.(.»■'This crushing,- although smaller JhVnthe last, is still very satisfactory when nisborno in mind tbab tho battery was Sped for several days, and that ore^of Srsrade w»8 put through this month fbe pwiou. return waa .473« from 530 tosf.

MARITANA.

• Further particnlarß with repard to the offer made to place this property on the London market show that the tarras are of t very labiifactory character as local sharekoldsrs are to receive 60,000 paid up sharefi n the new company end £5,000 cash, equal L about U6d per share. The offer made ioclndes the payment of £100 per month for the option from the Ist of June, for foar months, subject-, to the reports of lleisrs Argall and Por.d being of a satisfactory character.

SHERIDAN AND ROYAL. The following paragraph appeared in the Thames 'Star :'—" There was quite a run on the above companies' shares yesterday, due to lereral genuine offers having been made for tho respective properties. There j 8 no denying the facb thab the Sheridan property is one well worthy of developneot, and to advance their prasenb low level forward to fibe lode system it is e«Bentialto have a fair amount of capital to carry oat toeworkscoDtemplated. Alargeamount ofgold has been won from the works on the surface levels, and in moßt instances some ,«ry rich apecimen ore has been obtained from time to time. Gold has baen carried down on the main reef to the deepest^ point iaiho mine, where ib was compulsory to discontinue ginking owinff to the heavy infl« of water, the reef boing fully 6ft in ijiicknflis with gold freely seen at each 'breaking.'. This aud other lodea traversing the company's area are all worthy of KteDsire development. In addifcioa to Ihii, the company possess a splendidly qniped battory, with a magnificent water light), and, when the present low level tmueuS intersects the lodes, the tire can be ctrted to the company's mill at a very low cost, being connected with a splendid na&d&mized road.