THE GOLDFIELDS.

Auckland Star, Volume XXXVIII, Issue 164, 11 July 1907, Page 2

THE GOLDFIELDS.

WAIHI.

CBy Telegraph.—Own Correspondent.) - WAIHI, Wednesday. 2vo. 4 level having been advanced to a point underneath, the winze sunk from No. 3 level, a commencement has been made to rise up to meet the winze. Connection should be effected before the end of the week. The lode at present is looking very well and should develop to the satisfaction of all, when the bulk of the ore is operated upon.

MOUNT - ZEEHAN G.M. COMPANY. LIMITED.

The statutory meeting of this company ■was held yesterday evening at the offices, Palmerston Buildings, and was well attended. Mr W. E. Cayley-Alexander presided.

The report of the directors referred to having secured an option from the Complex Ore Refining Process, Limited, for the Mount Zeehan gold mine, situated at Waiosno, in view of the favourable reports made on it by Mr Charles E. Storie, Mr Burgoyne Owen, and Mr W. E. Cay-ley-Alexander, who has demonstrated that he can successfully deal with the ore by the Complex Ore Refining Process. About 400 tons of ore from No. 2 reef has been broken out in the past and is estimated to be worth from £4 to £G per ton. Since the property has been taken over, other reefs have been discovered carrying good value, one of the most important of these being a reef 30 feet wide on the outcrop, a sample of -which, sent to the Thames School of Mines, yielded £1 12/ per ton. From the other reefs values have been obtained from £1/11/3 upwards, one assay yielding as high as £35 14/ per ton. A good water-race and machine site have been secured and the purchase of tbe property completed.

The total number of shares allotted at the 17th June, 1907, is 74,000, 24,000 shares, fully paid-up, have been allotted to the vendors in payment for the Mount Zeehan Special Quartz claim, together with, water-rights and machine site, contiguous to the claim, and for the right to use the Complex Ore Refining Process. Fifty thousand shares have been allotted on the footing that they are paidup in cash, namely: on application, 6d per share: on allotment, 6d per share; and tbe balance as required (of not more _____ 3d per share) at intervals of not less than one month.

The total amount of cash received by the company in respect of the said seventy-four thousand shares that have been allotted is £2469. The receipts total £2629, and the payments were as foll ows: —Preliminary "expenses, £301 5/S: commission and services, £421 7/3; mine development, £149 9/6; office furniture, £15 3/; Complex Ore Refining Process 1 , Ltd., £1250; cash in bank and hand, £491 14/7; total, £2629. The directors' report was received, and Mr Cartwright, the mine manager, explained at length the satisfactory developments which have recently taken place on the mine. The following gentlemen were elected directors for the ensuing y ear: —Messrs Alexander, Sugg-ate, Winstone, Handley, Culpan, F. Grant Johnson, A. T. Firth, B. Owen, Angus Gordon. Mr Albert Edward Burcher was re-elect-ed as secretary. .

DRAINAGE .DISPUTE.

OLD KAPANGA G.M. CO. V. SOUTH KAPANGA G-M. CO. (By Telegraph.—Own Correspondent.) COROMANDEL, this day. An Important drainage case was heard before Mr. R. S. Bush, S.M., last _ve_ing. This was a claim to recover £37S 0/11, ciaimed to be a reasonable contribution towards the cost of pumping and draining the water from the Old Kapauga mine, it being claimed (1) that the South Kapauga mine was benefited by such pumping, and (2) that the South Kapanga mine, by reason of its mode of working, added to the quantity of water to be pumped from the Old Kapanga. Messrs. T. Cotter and E. Miller appeared for the plaintiffs, and Messrs. C. K. Waiter and I. P. Burgess for the defendants.

Mr. Gotter, in his opening remarks, said the case was the first of its kind in the colony, and the result would be of the utmost importance At the close of the plaintiff's case, Mr. Cotter intimated that the second part of the- claim would be struck out, leaving t_e case to rest on the benefit done to the defendants' mine by the pumping operations.

For the defence Mr. Walker admitted ttie lowering of tlie water in Scotty's shaft on the defendants' ground, buT contended that as all the defendant company's present workings were confined to an adit level aboev the natural water level, they derived no benefit from the unwavering.

After a lengthy argument as to the meaning of the word benefit in section 249 of the Mining Act, the Warden reserved his decision until August 20 next.

MINE MANAGERS' REPORTS.

May Queen Extended.—The drive on the Rocky Point reef west is in 115 ft, and the rise is up lift. In addition to this, the north-west branch leader has been opened up 15ft back, and this has been carried forward parallel with the face. In carrying out these operations a little gold has been seen, but not sufficient to make the ore payable. A test parcel of eight loads has been treated for a return of 3oz 6dwt of melted gold value £S IS/_. Hansen's winze on No. 3 level lies about 200 ft west of the Rocky Poiut face, and around this winze a considerable amount of gold was obtained down to some 25ft, when water became too heavy for hand work, and sinking was suspend-

cd. The manager is now clearing the wiiize to test the value of the ore in tho bottom, it iu-v-ng been drained by pumping ope___io_s. A few days' work will decide the value of the ore going down, and it can then be decided' whether it .ls advisable to continue driving west on the Rocky Point face at the low level. In the drive off the rise on the Adelaide west "ranch, in the low level, the break has been cut through, and the han S ingwaJ pSetrated 10ft. "The leader is strong knA has been heaved several feet. No __ts yet been broken from the hangingwall.