THE GOLDFIELDS.

Auckland Star, Volume XLIII, Issue 140, 12 June 1912, Page 6

THE GOLDFIELDS.

HANDSWORTH DNTTED. _ The manager telegraphed this morn in S :— "loibs of specimens—still shemins.* OLD HAURAKL from the block at the 300 ft. lwd»° M This makes 701'bs. in three days, f TAbISMAX. The following is tli,. complete tcvf of the cable revived from [he B<S of DirectoM of the Talisman Consolidated.—Report ami balance-sheet will be circulated on June S; the annual meeting will be held June 18. Accounts show gross profits of £134 OGI and net profit of £120,531 after allow , ing for'taxes and depreciation. Amount of dividends paid. £110,898, after in eluding balance last year it l ea^3 £23,834 to be carried forward Ma , chraory and plant now stands at i, 6.000 after adding £13,741 expended on new plant during the year and writling off for depreciation £6533 f rom share premium and .£11.208 from profit and Ins?. Cash balance £36,030- j n "^!: ~ts' , £ f![ UU4; h " lV >°* transit, *83U3; debtors, £039; creditors X J OO S. HAIRAKI HEEPP. Mining Company, expresses regret ih£l developments liave nut beeu as snccessful as was anticipated. As connection has no* been made with .the aOOft level, from wliieh splendid results were got in the past, tit ST2E fu?Sxl more -""-**«*«*»•*.4 Hauraki North reef, and a promising block of ground SOft In length has been opened nb for stoping. Three stopea lave been carried along, but the reef has not produced, mucn crushing dirt or picked stone. In oroor. to prove whether tire gold has a downward trend, a winze hns been sfarted. During the last 00ft nf driving in this level no gold has been seen, although indications are favourable. fp to the present nearly all the gold wnn came from (iolconda reef, vt the llaiirakl end of the 400 ft ievel a rise was started near the break, and -an intermediate drive put in for 40ft The reef at times showed over 4ft in width, and some of the coarsest, strongest gold seen In till portion of the mine was noticed. In the rise to connect with No. ."! level the reef is lft Bin wide, and more gold was seen In the stone. MINE MANAGERS- REPORTS. MoanatalarL—Tin- subsidiary crosscut at the WOOft level is hi 'JOeft According to the surveyor's deductions, the last reef should be niet with 40ft ahead. Rising Sun.—The iow level tunnel is along ini)2ft. The country continues favourable, and the last 300 ft of driving is th» best passed through. A quartz leader 3ln wide, which crossed the line of the tunnel at a long angle, and struck off into the western Wall, has been cut through. This leader is encased in blocky andesite .country, and the ore has a promising appear* a nee, and shows no nice prospects of free gold by mortar test.