MINING SUMMARY.

Auckland Star, Volume XXXIV, Issue 215, 9 September 1903, Page 6

MINING SUMMARY.

The gold returns for the past threb* weeks are satisfactory, not only as,&', gards the total, which exceeds but also because the Talisman Consoij."' dated Company's yield is a record one, 1 leaving a profit of over £2000 for tk. month after paying costs, of mine de§ velopment. Another pleasing featuii is the return to the list of bullion pro,; ducers of the Hauraki mine, which.H| now- being worked by a local company. The first crushing is a satisfactory one of over £1500, and shows tie ore to '■■ty: of high value. Since the crushing sct-S eral hauls picked stone have been reported from this mine, and as Leggc's lode has been picked tip on tho othjr side of where it was cut off by a break there is reason to hope that the Hsiuraki has again entered on an en of pro- , jsperity. The adjoining mines, the (Bivikj ker's Hill and Hauraki Freeholds, are 0. so producing small parcels of - picked ?■ stone, so that mining looks brighter at Coromandel than it has don/ for soma!' years past. Another old mine, the -\!- . burnia, at the Thames, ia once raurs ;■ producing gold. This property has Ijqfltf; purchased by a local syndicate that,lus; also secured the Moanataiari mine, with'! •the object of extending the tunnel in j that property so.as. to open up the Aki burnia some hundreds of feet below pre. '! sent workings. The May Queen Kx|| tended mine is also on goLd, and the Majj Queen has just secured connection I tween levels which will supply ample)' ; ventilation and enable the Cardigan No.-' 2 reef to be worked. The main inteiv est at Thames. just now, however, is centred in the project for boring totefc j -the deep levels. A number of bores aij about to be put down various companies, and the result should be to settle definitely whether the lower stratum is - such as warrants the expenditure reqiii-i site to sink existing shafts to 1000 oi! more feet. Within the next week or two boring should be' in full swing as contracts have been let for the work, and the necessary plant is expected ti> arrive almost any. day. At Waihi, liorv ing has demonstrated that what is re* ported as a. payable lode exists in ttik Grand Junction. property at a deptH considerably below the present deepesfcv workings in the Waihi mine. Taking the dip of the: lode into consideration, and the angle of the bore, together uitN the distance of reef matter penetrated, ; it is estimated that the reef located fol fully 90ft thick, and assays of the cores'! brought up give very satisfactory results. As an' outcome of this development, boring is to be undertaken in adjoining properties. The Waihi Company paid 2/6 per share dividend on tbft . Ist of September,. and the return ifal August was over £51,000. Themadmpf cry for a larger pumping plant has been . conveyed to this mine, and .when this is got to work the further sinking of th\ shaft Will be resumed. I. (Continued on Page 7.) = !