THE GOLDFIELDS.

Auckland Star, Volume XXXVIII, Issue 170, 18 July 1907, Page 2

THE GOLDFIELDS.

l_ SHAREMARKET. A good deal of husiness was done in mining shares on the Exchange to-day. Very free sales were made of Talisman Consolidated shares from 43/3 to 43/6, and YVaiotahi sold at 14/3 and 14/. l'ainia Broken Hill shares advanced in price, e.hJp> being made from 4/10 to 5/, after which a good sized parcel changed at 4/11. Waitaniii shares failed to mainwin the sharp advance of yesterday. Afu?r reaching 4/6, the market opened today with sales at 3/10. but later transactions took place at 3/G. X.Z. Crown bharcs were slightly firmer., being sold at 7 '. but Waihi's changed hands down to 175/. A transaction took place in Grand Junction at 40/. Investment stocks showed little change. Auckland Trams, ordinary issue, changed hands at 24/8, and D.S.C. shares at 6/3. WATOT4HT, In a memo, to the secretary, the manager stated yesterday afternoon: — " We have seJected ten pounds of picked stone from the sth stope above Xo. 6 J°rei on the main reei. There is no more showing just now." MINE MAXAGERS' REPORTS. Rising Sou.—The crosscut into the hansInicwali from the bottom of the winze tvs Imjcu esrend.Hl a distance of 6 feet for t!-.e week. Two sarin.* men started to feinK" nil ;ii:" from the surfiiits to the 'aw level, to couaeci at a point about 23 feet north of the v fl uze, af-cording to survey.

ilav Queen iJiieoded.—Titere are strong daJs colours of gold in the bcitorn o£ Hansen's winze, and th? lode is 8 to 10 iD-_v.es in uidth. The weather i≤ too stormy QQd wet to commence the new intermediate level to-day, as intedded. All hands are therefore oi-iiig put at tile 3bore winze. The a--p is smved acd, from present appearance, shoold crush well. Tie pump ■will be lfcfc iv position until water necessitates it being drawn, and. should the or? in Hajisea'j winze continue to improve. ii will bo an easy matter to hold water Onv.-n at depth required (about 50 feet), to ic-s! the lode iv Hansen's winze, by faing piirup at that depth and working it at, say, on;- thift pc • Car.

Waihi Gladstoue.—The crosscut leas been extpndiid ~ fH't, maJdng a total lengtn of L'4"J feet from the shaft. N\> reef has met with. A o-ltrch leader was ent

sit '.MO feet bearing north and south, with £ dip of 1 in if to the east- Another leader of the same size and vertical in direction was cut at 246 feet. The ore is of siiiilar to other leaders we have intersected In this crosscut, and should cirry s'lUiiar values. The contractors have iKMii in good brr.-aking ground during tlie week, and it is hoped that better progress ■svili bt made if the cuiintry remains as it is.

Waitai'gi.—Thi- assay results of three samples of ore taken from the last body of Quirtz cut through in the low level crosscut aie as follow: —No. 1, general sample from a sviiitu of 2 feet oa. the east side of the crosscut, gold. loz. 2dwt.; silver, l-k>z. 3dwt. 2t>grs.. value per ton, £6 V-. >."o. :;. genera! samp'o from a width of 4 feet on west =;-cie of crosscut. Gol-d. lOdwt. 2OgES.: silver, Sozs. Odwt. iigrs.. value per ton. £3 0/C No. 3. sample- containing large of copper pyiites. Gold. 3<±wt. 6jrrs.: silver, 602 6dwt lOgrs., value per ton. £1 5/10. The samples were taken from the last boily of quaxiz out through in the k>w If-vo-1 crosscut. A start was made to open out the leader on the west side of ttte c-r>isicut. an<i kas wired). 15-tb. 01 picked stone weie selected. Tqp:-r is now about 6 inches of quartz and rubble. The manager i=. of orioion that the reef formation just pr.ss.ed through is the maiu reef, wiiich has srrjigaiened up between No. 2 and the low level. There appears to be a large percent-t-c" of copper pyrites in Uie hansingwall