THE GOLDFIELDR

Auckland Star, Volume XXXIX, Issue 177, 25 July 1908, Page 7

THE GOLDFIELDR

WAIHI RETUKN. £ 70,269 FROM 29,430 TONS. A" , ., OTHER DIVIDEND DECLARED. Hie directors of the Waihi G.M. Company have declared another dividend, payable on the Ist September next. This makes the 42nd dividend declared by this company, and as the amount is 4/- per share, it means the distribution of £99,181. This brings the total dividends up to £3,186^65. The return from the Waihi mine for the four weeks ended July 11th was £70.269, the outcome of the treatment of 29,430 tons of ore. Owing to one of the elevators breaking down, the tonnage put through was affected to the extent of nearly a thousand tons. The annual report of the company shows that, as usual, the estimates of the value of the bullion won during 1907 were of a conservative nature, the actual total received being £ 878,485, as against the estimate of £875,000. The returns arc appended:—

MINE MANAGERS , KEPOKTS. Njratinwa:—Th e ' ow level Is now In 445 ft. from tlio mnln crosscut. There is firm jiiid weli-mlncrnllspil country In the face. At this poiut a crosscut is being put through the lodo, and this is now Bft. through a welldefined body of ore, showing au excellent class of bright minerals favourable for making good values at any time.

TnrtKtro:—The adit level (Preecp's Point) Is now !)7ft. from the ctamber. The mnnaser state 3 that the machinery is now complete, and Riving Rood rr>sults. Tbe pump has a capacity of 4000 pallons per hour. Two shifts have now been put on sinking the shafts, ant! by the end of next week will cut a chamber at 70ft. below the collar, and comnnaCT crosscirttinc for the Bremner reef. Driving seaward will nlso bo started.

Wal'hl Extended:—Tim face a' the intermediate level Is now in OOrt. from tbe w'nzc. Tht- lf>dp continues* stronc. and quartz is being lfft In hoMi sides of the drive, with a little mlner.il chowinp in plarcs. Tile reef Is Btlll bearing into the Rxtrnderl jrround, ami appears to he more vertical than back In the winze. M«n hnre been staited to hole ttirqutrh from the main drive to the hantrinirwnll drive nt No. 4 level. About 30ft. of driving should brine No. 4 level to tbo stone •ajrain. The shaft Is now .down !>Sft. below the level named. The hand of stone here Is about tho same size, and the country is still dry.

Lnnlpvn'B AijOmony.—Another three tons of first class ore have been selected during the week. The ore botly In , the sontli-enst level is lft thick, and good ore is alßo eorninjr to hand from the stope in the north level. Samples of the ore are to be shown in the Now Zealand Industries' Exhibition.

Champion.—Tl:o battery level has passed tbroujrh the bar of hard conntry. The values continue about the same, and are mostly cnntniuotl in the seams of soft matter between the beads of country rock. The amount of silica in the stone Iβ increasing as the drive proceeds northwards. At tbe creek level the rise is now connected through to the outcrop workings. Tbe values obtained during the process of rising have exceeded expectations. In the northern areas the winze is being sunk on the trench workings iv the Champion north block, nnd Is now down ISft without rea chine solid conntry. There nre also two men employed tracing n cross-reef running throug-h the Champion Consols.

To July 31, 1890 £13,028 July 31, 1890, to Dec. 31, 1801 36.45S In 1892, 18,207 tons 46,219 In 1803, 19.S05 tons 64,3-15 In 1894, 24,304 tons 83.0S3 In 1895, 33,G70 tons 120,335 In 1896, 34,410 tons 135,150 In 1897, 40, Z6* tons 14-1,041 In 1808, 77,929 tons 200,494 In 1S99, 102.3S1 tons 302.525 In 1000, 112,012 tons 317,902 In 1901, 159.325 tons 401,205 In 1902, 179.4S5 tons 521,574 In 1903 231,323 tons 658,393 In 1904, 259,978 tons 683,882 In 1905, 20S.531 tons 728,521 In mOO, 328.R6G tons 837,927 In 1907, 356,974 tons 878,4So Total £0,290,113 January 25. 1908, 25,133 tons 60.241 February 21. 29.837 tons ' 63,809 March 21, 31.888 tons 71,851) April 18, 30,173 tons 70,283 May 1C. 30.847 tons 70,890 .Tnne 13, 31,300 tpns 71.271 July 11, 29,430 ttes 70.2BU Total to date £0,773,777 Total dividends, etc., to Sept., 190S £3,1S6,5G5