ORION.

Auckland Star, Volume XXXI, Issue 68, 21 March 1900, Page 2

ORION.

An extraordinary meeting1 of shareholders in the Orion G.M. Co. was held yesterday afternoon in Mr S. H. Matthew's office, at which Mr T. Morrin presided. Resolutions were passed authorising the. directors to dispose o£ the property and rights of the. company upon such term" j?5 Blight b^ deemed advisable. OCCIDENTAL. The drive on the course of the Hague Smith reef is in. 290 ft. The country penetrated is improving as the drive is advanced, it being at present a good firm class of bloeky sandstone, intermixed with quartz and mineral veins. During1 the latter part of the week a small lead was intersected crossing- the drive at almost right angles, in which minerals of a very favourable character were seen. Mr Adams surveyed the reef on Friday, and it will take only about 100 ft of driving before intersecting the Duke and Prince of Wales' reefs, which gave such g-ood returns at the sm'face levels. WAIHI CONSOLIDATED. A joint meeting of shareholders in the Ohinenmri and Waihi Consolidated companies was held yesterday afternoon in the Brokers' Room, N.Z. Insurance Buildings. Mr J. If. Grey, who presided, moved that a company be formed under the Act of 1882 to be called the Waihi Consolidated G.M. Co. (Limited), with a capital of £37,500 in 150,000 shares at 5/ each, 100,000 shares to be issued to present shareholders as paid up to 1/ per share, for [ the purpose of acquiring the properties of the Ohinemuri Co. and Waihi Consolidated Syndicate. Mr Chapman ; seconded this motion, which was ! agreed to. and Messrs J. Grey, Chapman. L. D. Nathan, IT. A. Gordon, .7. ,T. Craig and .1. Thornes were elected directors.

HAUItAKI ASSOCIATED, COROMANDEL.

During- the past week payable ore has been coming- to hand from both the eastern and western sections of the footwall leader at the winze intermediate workings. A less amount of ore has been broken out the past week on account of some time being occupied in timbering-. Last month's operations resulted in two tons or ore being crushed for a return of 32OZS lOdwts retorted gold valued about £90. This is the result of four men's work for four weeks. The tributers in the No. 1 section are getting a little gold again; strong dabs showing through the stone.

ALPHA

The drive upon, the north course of the No. 5 reef in the Rainbow section has been in steady operation, ami continues to open up well. The lode has been taken out again to the width of. four feet, and on the whole the stono i shows marked improvement. The as- ' say value of the ore from wall to waJl. is £1 16s 6d per ton, which the I manager considers satisfactory, as it jis easy to mine. This lode should bb met with at a point 130 feet below by i the crosscut now being put in. In (the <\lpha section the crosscut from I No. 4 level is in 52G feet. The country I has the same characteristics as iu.Te-ao-mara.ma section of the Waitekauri mine. : NEW GOLCONDA. The rise is up twenty feet, and a new intermediate stope has been startrd. The reef looks very promising for gold. WATHI SOUTH. A distance of 146 feet has been driv, en for "the last seven working days. The country is more favourable for driving and still very dry.