THE GOLDPIELDS.

Auckland Star, Volume XXXV, Issue 206, 29 August 1904, Page 2

THE GOLDPIELDS.

HAURAKI FREEHOLD. Shares in the Hauraki Freehold G.M. ' Co. changed hands to-day at 5/. Subsequently this afternoon a rather encouraging report was received from the manager, in which he states that as a result of stoping operations conducted on Anderson's leader, ore of a good grade is being obtained from stopes 1, 2, 3, and 4. The ore body will average six inches in thickness, and a little stone lit for the bag is occasionally secured. Pasing for a No. 5 sto-pe will t>e undertaken this week. An improved class of country is being penetrated in the extension of the drive on this reef. The disturbed country reported last week has been left behind. Th# quartz is making strong again,, looks promising, and the indications generally are favourable. The crosscut to intersect the reef has been advanced a distance of 10 feet without any material change in the country to report. BUNKER'S TTTT.L, The manager reports that timbering the winze on the 4-inch leader is proceeding satisfactorily. The distance sunk for the week was 10 feet, making a total of 73 feet. When breaking down the leader on Saturday, colours of gold were seen, but no picked stone came to hand. The leader is broken up into two portions, but from the indications the manager thinks it should be together again in another 3 to 4 feet. The country is well mineralised, and favourable for gold. MINERAL BELT COPPER CO. (By I'elegraph.— Own Correspondent) The Mineral Belt Copper Company struck a lode in the No. 6 level of the United lode, Aniseed Valley, where the company has been driving for the last six months. As prospecting operations give an estimated minimum of forty thousand tons of ore in sight, probably smelting works will be erected to treat the ore. [Aniseed Valley is some miles out of Nelson, in the midst of the huge mineral belt which encircles the province. Copper has been known to exist there, and several companies attempted to work it, the most noticeable being that the earliest venture at Dun Mountain, which, after the expenditure of a large amount of capital, after all proved a failure owing to the drop in the price of copper at that time. The ever-increasing demand for copper, owing to the marvellous developments of electricity, has, since these days, considerable improved the price of that metal, so that there is a better chance of working with a fair margin of profit now.] (Continued on Page 8»7