THE GOLDFIELDS.

Auckland Star, Volume XLIII, Issue 58, 7 March 1912, Page 2

THE GOLDFIELDS.

TALISMAN CONSOLIDATED. SOME HIGH ASSAYS. The report for the period ending January 13th, 1912, states: At No. 12 level N'u. 14 rise is up 124 feet; width of reef 4 feet; values low. The values from stopes off No. 12 rise average £5 .19/1. yo. 13 level: South drive is along 1629 feet; width of reef 5 feet: value? low. No. 12 winze is down 212 feet, width of reef 33 inches; values average £l7 16/3. The north drive off No. 6 winze is along 15)7 feet; width of reef 42 inches; values average £7 11/6. Stoping: The values from stopes off No. 12 rise average £1 16/3; from stopes off No. 15 rise average £ll 10/; from stopes off No. 16 rise average £2 7/9. WAIHI. The corrected returns from the Waihi mine for the year 1911 are announced in the official quarterly report just issued to shareholders. This shows the customary increase upon the estimates at this end, due to the difference between the market price of silver in London. The returns lor the year to September show an increase of £3.105. bringing t!ie total outp.it up to £9,851.349, out of which £4,393,843 15/8 ■ has been distributed in dividends.

MINE MANAGERS' RETORTS. Talma Mines. The rise on the H'.ucher reef Is up 40 feet. The ground Is n"W tighter, but as the prospects show a slight improvement, (he manager considers that a funlKr exf.cnsrinn of tbe rise I" advisable for at least 20 feet. In the S.F.. prospecting tunnel the face Is hard, but looks favourable for gold. Another .TO feet of driving should cut a formation which gives prospects on the stir/ace. Knrnnol. -The Magazine tunnel has been | repaired for 3ff7 feet, and a start made to push the drive ahead to nil various known reefs. Wain! Kx tended. No. li level is along i'O feet. A four inch hand of stone was cut. The north-west reef Ls still split up. No. <i wlnno Is down :*\ feet below -\o. 5 level. The reef is making more solid towards tI"M footwnll, lint some country risk If still I showing in the hanging-vail. I Waihi IJrand Junction. The report for | the period ending 27th January states tiiat[ No. 2 pule. No. 2 winze, was sunk » further 15ft. making total depth -V.ft. :il which point it holed into rise from No. 5 level. No. 5 level: The crosscut on the , (leortre lode at depth of 55ft, showing the full width of reef at this point to be 1.12111. worth 10/. No. G level: Irno1 r no northwest crosscut Is along lOKfl from the shaP. At 125 ft n reef was cut. The average value from 125 ft to lr.lft was (after resampling) worth 10/1(1 per ton: the next IOCt tlr.l-IKTI is thorough highly slllclned country rock, mixed wiib small stringers of quartz. This section Is very open, au<l appears to have been slightly disturbed. From 167 ft to 19SU tbe level jmssed through crushed and dlstcrl>ed country containing a few seams of barren quartz. The east drive on the Dominion lode 1= along lrtoft, nil produced 2<Kl tons of milling ore from ;i width of 4:iln The crosscut at ifift east was extended I lift into hanglngwnll; country disclosing cnly a few stringers. From ST.ft east to the present face the lode tins reversed Its dip (north-west Instead of sontbenst). nud Is irregular and narrow, being :;(Mn wide la fa«-e. assaying i'l ' '■*■ A winze at 45ft east of the chamber has been sunk 10ft. The reef appears to be vertlcal and mixed wilh country. 4'Jiii assaying 12/0. The winze at 15fl west of the cluiuiber whs sunk 21ft. producing 4?. tons of ore- the footwall but Dot bniigingwail exposed: 421n assaying £4 '.l 1. The Republic hide in the east drive shows :iu average width of Kiln, assaying £2 1" !>. At r*.ft the lode B plh into stringers In the west drive this lode produced 260 tons muling "re worth 25/ per lon for width oT Win. The Empire lode, east drive ffootWßU leader) is 50m wide, assaying i-1 12/6 per ton The crosscut at 90fl exposed both walls, showing a total width of 22ft. worth £1 15/10 p>r ton. Tnc Rinptre lod*. i»»t Hrlve ffoot.wall). prodnced 216 tons of ore fiWn assaying £« 16' a The crosscut at 125 ft was put In 21f1. prodxroed 2T. torn, of ore ami shows width of reef to be laMn worth £4 ■>/« This erossetjt is being advani ed to rut the bands of quart* met with between the Uepnhllc lode and footwall of Empire In main crosscut.