THE SHAREMARKET.

Auckland Star, Volume XLI, Issue 97, 25 April 1910, Page 2

THE SHAREMARKET.

.""., v 31ESE MAKAGEKS , JRE^OBXS. Kapanga^— The main pnmps. are now h> Hist-dass-Vorkins order_,doym_ to No. 4 -level. The manager hopes to get the water out of Xo. 5 level in about two weeis. '. L /Oak.—The lods in the western 'leading .drive off the winze has diminished ' in size, put a little gold can be seen. The (manager considers. that the large putty • fiat lode which came in from the hanging- ' disturbed;* the lode-, and ■ it was pro- ! bably dne to it that lie reef could not be ' located In the deep No. 7'level in the posi- -( •tion -where it shonld have traversed. Col- ■ -ours of gold-are seen-in a three-inch leade: above the road level. Kot more than 10ft of driving was previously done on this leader, ' but in a parallel one eome'vears ago over I £1000 worth of gold was got ' : Thames!— Tie Cambria" reef is stm the ,J?Ptt_?s:Wth of thedrive, bnt there Is no im- t j>rovemen£ The cross reef still loots well, hut no cold has been seen. ilay Queen Extended.—The crosscut south is in nice mineralised sandstone. The flow I -of-water has . _ j Tictoria.—At No. 1 level the qaarts l Uroken shows gold, but no etone was se-1" cored. .A crosscut had been started in the I fobtwaU -of these -workings to prove the country between' the lead and llarriner's No. lr At No. 3 level tie Victoria reef has been broEeh down in the rise, bnt ;-ja) valnes were seen. The winze below tSo. 3 level-Is _doToi_. 66ft _ A±_ that point -_ old workings were met with. The reef -•struct on the reef wBl nodonbt V function between the bottom of the winze ; ' - and-Xo. 4,level, and has been worked from i ' eobuVKo. 4 level np about 40ft. Some sftx>Z country- ihe triro reefs, where.lhe : " : vrtnze through. At present'a- stope , being -taken; over- che J>ack of -the worg- i Sags, fcntso far no got ias been broken, j .-xUu-snaL—The Blyth low level ie aloug ,- ISSItto tbe face, and 62ft from the crossent I . . «ver the shalf leader. The .sonth drive is - along 49ft from the shaft lode. The leader is-mating-in-size towards tie floor of tite :«tive.-aiid"i3n'w showing a good wall on . }£*_• nansingwall iside. In the - rise south ..gse-SEartzis of - rabblj- nature. In the etope south gooa mmeral-ore is seen In the good ,Je? os Pects are got by pan- : tarter "is & wide in the ' -3i?^ T^ at iSe-gffir level, and stUl car- ' Mineral, heads are : -^^.t^L 13 ■■ b S?e turned into an: inter-' \. is 4in wide, and . -'^nr^^v^^^ ,3 ? o£ S° ld wllen broken ' "°' Etope - ;fc ■ setting .towards I *!^.3 o &S a ?V:2o* Ja- No. 4 stope. The manager hopes.io.^jold,to a few more -Sif? ■» ,?>oay - oi stooe two' reet m

formation is now making into more solid Quartz. Golden Belt.—An intermedhfte hae been started "at the No. level from the north end or the stopei This is prodacing payable ore. Another crosscut hasbeefl started in the haiigingwaH to reach the. reef rej ported some weeks ago. Crashing has started with 10 head.

I Old HaurakL—The new reef at the 400 ft ' level has been up to 4ft in *idth, But is now about 2ft in thickness. It still carries favourable minerals. Work on the Green » Harp reef has been suspended for the prei sent. No. 2 rise, to get the point where ; cold was seenred In the level, has been ex- , tended 4ft, leaving about Bft to reach the ' desired position. The new reef at the '-. 300 ft level is np to 6in in width. A few 1 pieces of picked stone irere secured on the , 22nd. At the intermediate drive SOlbs of ' picked stone were got as -wired; and since '. then another five ponnds. were got Gold is showing In the rise. The goldfbearlng portion of the reef is from 2 to 6in In width. The drive at the 220 ft level should, in an- : other 6 or Bft, reach the point where the reef should be met with. The country Is favourable for gold. Old Alburnla. —The reef in the Intermediate from the rise is a nice body of Btone, two feet in width. It appears likely to increase in eize. At No. 6 level the rock is easier for driving. Mt. "Welcome. —Each breaking-flown in the leading etope the reef shows strong blotches of gold, and fair general dirt is also being got. The intermediate drive is In 50ft. Reliance. —The reef is about three feet in width, and carries favouraTile indications for gold. KM. Kirl Consolidated.—The - leveJ -is- In CT4ft from the crosscut The'inain" cross-1 cut is still very bara to drill, but ebootsl fairly well. The distance from the flatsheet to the face of the drive Is iß6ft Talma Golden low level is in 1022 ft. The ground still maintains its favourable character. At the north end of No. 3 level, the No?. 1 lode is well defined, the last assa? being of a payable nature. Crushing operations were resumed on the 14th inst, the results being very much more satisfactory, and it is anticipated that no more serious delays will occur. Karangahake.—At the Taukani level, the Hoyal reef has been extended sft during the ■week, making a total distance from the crosscut left The reef is about the same size as last wei-i composed mostly of black flinty quartz. The drive at Soss' level has been extended 13ft for the week, the ribs of quartz have all come together, and the reef has made a fine compact body of atone 5 feet in width. Some of the stone looks fairly well. Pride of Tofcatea.—Work at present Is confined to stoplog No. 2 block on the crosslode over the low level. Two faces are in progress, but work -is slow, owing to the hard nature of the ground. A better c'ass of mineral is being met With, while tee lode chows improved dish prospects, which should lead to picked stone at any time.

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