THE GOLDFIELDS.

Auckland Star, Volume XL, Issue 123, 25 May 1909, Page 2

THE GOLDFIELDS.

THE ROMULUS PROPERTYJO BE PROSPECTED WITH LONDON CAPITAL. (By Telegraph.—Own Correspondent.) f WATHI, this day. . _' _Mr-G. Arnold,_a local mining investor, . "received a" Cable yesterday from hisLondon agent to the effect that next month money will be forthcoming to prospect the Romulus claim, Waihi. It is intended to hire the Government drill for that purpose. If such- operations prove satisfactory a Company' is prepared to advance £50,000 working capital to open up the property. This property is situated on what is termed "the strike" of the Waihi reef system, and comprises an area of 200 acres. TALISMAN CONSOLIDATED. '"'. '". DIVIDEND PAID. ■"':■' Shareholders in the Talisman Consolidated G.M. Company to-day received a dividend of 1/0 per share, which means the distribution of £22,500, and of that amount £16,974 will go to holders in this Dominion. The total paid in dividends now amounts to £29G,250. ''; TAIRUA LEADS. "tJ? Hie following telegram was posted on the Exchange to-day: "Hangingwall of the, big reef intersected. Eorwardin"eaniples." fi WATHI GRAND JUNCTION. j r The mine superintendent has cabled to London as follows:—"No. 5 level crosscut south. No. 4 lode driven 41 feet; i The last eight feet low grade. Apparent-1 ly have struck the footwall. No. 5 level crosscut north, driven lIS feet. Pace is showing quartz." a <By Telegraph.—Own Correspondent! j-' iWATHT, this day. The footwall of the Empire lode at No. 5 level in the Grand Junction mine has not yet been properly defined. This section is somewhat broken, and interspersed with country though still showing mineral ore. The lode is now. 41 feet wide. \. ANOTHER REEF INTERSECTED. g. !«■ WATHI, this day. Another reef has been intersected in No. 5 level of the Grand Junction mine in the crosscut on the opposite side of the shaft. It is composed of white quartz, but indications are that it is a strong body of ore and may improve. The identity of the reef is doubtful, v MINE MANAGERS' REPORTS. Watchman.— The No. 1 winze from the W ,'"/•' * ls down 87ft - Tne reef for the whole distance has been a large ore body :A\here cut through at, a depth of 50ft f™7%J° f be - 2 L oft in thicknes P s Forlhe ■ "7, t, sinking, five feet of the hangingwall has been carried down In the winze, and samples for assay have been regularly taken. The results from Thames School of Mines were as follows-—No 1 quartz from 'the footwall, £11 4/1 per ton; :\o. J, quartz from the hangingwall with black mineral (sliver sulphide) £6 4/2 dpiton. Generally, the reef has shown considerable improvement as depth is attained gold being seen freely at each breaking!