QUICKSILVER BONDS.

Auckland Star, Volume XLI, Issue 70, 23 March 1910, Page 6

QUICKSILVER BONDS.

WAIHL this day. Recently Mr. Poland wrote on behalf of A Macfcaytovm syndicate to the Minister of Mines urging that the time for production of quicksilver to enable the bonus to be secured be extended for one year. The Minister has notified Mr. Poland that the extension has been approved. The extension for a year is a big concession, and if the Mackaytowo find turns out genuine it means the payment of £1666 13/4 by the Government. The bonus payable is fourpence per pound on the production of the first IGO.OOOIb of retorted quicksilver. MINE MANAGERS' REPORTS. New Sylvia.—in the north face at the low level, the reef shows a width of 4ft, composed chiefly of paie quartz, niised with, pug and occasional patches of mineralised ore. Assays from the full width show rather low values, but Lie mineral portion is nmcl better, and there are strong, indica.tioas of improvement as the drive adj •raaees. Three shifts hays been placed, in J order to advance this face more rapidly I tmrtrds Quinn's reef, from which rich or* I was won from the upper level. I'hoonlx and Tairua Dreadnought. I are now breaking into a large flinty robbly \ l formation, with plenty of iron pyrites show- j 1 ins. The- total distance of the tnnnel is | Rising Sun.—The level is in 780 ft. The j country teas improved lor. wording during I tae last three days. Tainra Monan-ii.At No. 2 level, driving north, and south en Xo. S reef is being con•onned, the ore broken for the full distance Shows good values; Che reef still maintains its size. The drive north on No. 2 reef has been extended a further distance of tift. The reef averages about lft in width, and the ore broken shows ..good dish prospects. Monnt Zeehan. —Splendid ore is still beins obtained from the winze, and is richer in appearance than any yet obtained. Breaking down to-day showed more gold, than usual, and some could have been classed as picked stone. The -vriaze ?s now down ISWt, with every indipa-rion and promise of rich I stone being: obtained as frtin; proceeds, : Doides the assurance at a rich block of i ground betas opened up. j Karangahake. —The drive north on the I reef is in a distance of 25Jt from the cross--1 cut. The country is good, and the reef I maintains its size, of about 2ft. At Boss , ■ level, the drive on the reef 2ttft underneath ' tie winze has been extended Sft ior the J ■α-iwk. The quartz is looEirg better. Two I shifts will be put on in the drive next week, !bo that if the rich stone passed through lin sinking the winse is capping south, it iiijould be struck in three <>- four weeks' am! , . Glamorgan.—The cotmtrj In the new low levfl is easier, and on Thursday, the 17tn, iat a distance of ISO feet from the entrance, I a body of <inartx was met with on the south . sidp near the floor of dri<t. It apparently : lias a dip of 50 degrees, aai to- date has been : 7P>iPtr?.ted about 2Tt Gin, and with quarts ' stiil ahead. There are bin.? stains well disI seminated through large blocks of quarts.