THE GOLDFIELDS.

Auckland Star, Volume XXXIX, Issue 66, 17 March 1908, Page 5

THE GOLDFIELDS.

STOCK EXCHANGE. The Auckland Stock Exchange wa_i closed to-day owing to it being a bank holiday. At the late call yesterday, Old Hauraki shares sold for 2/1, and Talisman Consolidateds at 52/-. Waihi shares again advanced, being sold up to £9 8/-. Waihi Extendeds recovered a little of the recent drop, changing hands at 3/6. In standard lines a transaction took place in Auckland Gas at £ 14 14A

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May Queen Extended.—ln the new intermediate level, 21 feet have been driven e:ist on the quartz corresponding with :!ia Rocky Point reef. Strong dabs and colour* of gold were carried for 20 feet, wheu a cross head was met with, which improved the quality of the quarts, some few pieces being classed as fair picked stone, and the manager expects further improvement as the drive is extended. The main portion of the reef is of a soft or broken nature, but makes gold whenever it is Intersected with mineral veins. The manager adds: "We have without doubt struck a good channel of gold-bearing country. Iv this part of the mine we may expect to obtain payable ore In any vein met with, and I am of opinion we shall meet with reefs and leaders hitherto unworked in driving east towards the Adelaide reef." The manager also states that the reef in the bottom of Hansen's winze is 18 to 20 inches in width, and very strong in favourable minerals. Victoria.—ln the winze below No. 2 level, the lead carries a good class of mineral, but no gold was seen last breaking down. In the drive east of the crosscut, the lead shows a few colours of gold. Four stopes are in hand east and west of the rise. Iv the west stopes colours of gold are freely seen in the quartz. Scandinavian.—ln the drive north on Lowrie's reef there appears a change coming In, and the reef is making a little water. The winze on the Black reef is down 7 feet. The reef has widened out, and the prospects are much better. An assay taken for the full length of the winze gives a value of £9 17/ per ton. Temple Bar.—ln the drive going east the country continues good, and is of a favourable description. The rise is up G feet; the reef is about IS inches wide, and heavily charged with mineral. Prospecting this week has been confined to a cross leader from which encouraging prospects can be got by pounding. Waiotahi.—ln the drive east at No. 6 level, the reef cut in the crosscut is about 4ft in width, but is of a mulocky character. The No. 2 rise on the footwall dropper is up a distance of 33ft., the reef here being about 3ft in width, and the quartz of a kindly nature. Cure reef: The eighth stope has been carried west of the rise for «a distance of left-, the reef here feeing ryboM 2ft !n width, and it has shown datjj and colours of /rpkL No. 5 level* Btojping on the main reef under the No. 4 rfe«s is in progress, *nd good dabs and colours of gold have been saan in the foo wfll pg*>tion. Th* leading stope on the ttfrpjflh above this level has been carried east\'S the rise tas a «Jstance of #tft, the ree2 being 12in la iridth. No. 4 level: The stopes on the main reef west of the No. i winze are in progress as usual, and are yielding gocU crashing dirt. No. 3 level: Stoping out the block on the Imperial City reef is, in hand, and good dabs and colours of gold have been seen In the quartz broken.