THE GOLDFIELDS.

Auckland Star, Volume XXXIV, Issue 304, 22 December 1903, Page 5

THE GOLDFIELDS.

TALISMAN CONSOLIDATED. A meeting of local shareholders in the Talisman Consolidated G.M. Company was held yesterday afternoon in •the room of the Auckland Stock Exchange. It was decided to appoint a. deputation to wait upon Mr Hoover, a director of the company, at present in, Auckland, and lay before him the desire of New Zealand shareholders to be furnished with fuller information regarding operations in the mines, and also tlie financial position of the company. NEW SHERIDAN. The statutory meeting of shareholders in the New Sheridan G.M. Company convened to-day at Mr W. Nichol's office, lapsed for want of a quorum. The accounts showed receipts £793, and the expenditure showed a credit balance of £399 4/10. The cash paid to vendors of the property was £300. The liabilities total £667 19/10, made up as follows: Balance due vendors, £300; sundry creditors, £59 2/4; and balance, £308 17/6; and the assets are, cash balance £399 4/10, and balance due on allotment money £26.8 15/.

MINE MANAGER'S REPORTS.

Bunker's Hill.—No. 2 and Nβ. 3 stopes are being continued, and an Improved class of ore has come to hand as a result of the past week's operations. Blotches of gold were freely seen in the quartz broken out, and 101b of picked stone were secured. The mine will be closed for the holidays, and operations are to be resumed on the first Monday in the New Year.

Waiai Extended.—The drive has been advanced 18 feet during the past week. The country rock, which contains mineral seams, looks of a good description. Heads, or soft seams, ara occasionally met with crossing the face at an angle. When such are touched it would look as if something of importance was coming in, especially where thoro are gritty quartz in them.

May Queen Extended.—The rise on the reef oas-t has been extended six feet during the week, and the quartz broken down, and a few strong colours of gold were seen in the stone. In No. S stope east the reef is about 10 inches in width, and showed strong colours of gold. The reef in the stope west is a strong body of stone IS inches in thickness, and carries promising mineral indications.