THE GOLDFIELDS.

Auckland Star, Volume XLIV, Issue 83, 8 April 1913, Page 6

THE GOLDFIELDS.

MINE MANAGERS' REPORTS. $Mj New Sylvia.—The reef at No. 2. level has • been picked up through the break, and- IB of fair value, and about 3ift In width. In the rise at No. 3 level the reef Is 3ft ! wide and well mineralised. Flvo stopes are being worked, with good-looking quartz to each and gold is seen occasionally. The reef in the stopes at the Intermediate level averages sft, and' Is heavily mineralised. One stope is going on the No. 1 reef at tlie , battery level, with 3ft or quartz. The low level Is in good country, Hauraki Reefs. —'The general dirt should crush woll. No. 1 reef, at the; battery level, shows 3ft of quartz. Tho low level Is In good country. 'Wi Haurakl Reefs.—Sixteen pounds ot picked stone are on hand, and the general manager states that the general ore saved should crush well. At the old No. 2 level, the reef Is beginning to make good, rock again. A rise has been started up under the run of gold got In the old No. 2 level. During the week some strong gold was seen In the quartz broken. From the main stopes a //;■ lair amount of crushing dirt was got, also a little picked stone. Occidental. —In the stope over No. 6 level the ore broken has shown dabs of gold, and should turn out good general ore. In tua ' south face. No. C level; the face is a strong body of ore, and some of that broken showed gold freely. A few pieces of picked stone were selected. The stopes above No. 5 level are yielding good ore, and strong * gold is showing in the back. In the flinty crosscut a milder class of country appears to be coming in, and several quartz leaders are crossing the face. Golden Belt.—The crosscut in the wall o{ the Perseverance reef has passed through - somp nice stringers. A little water, la . ■ mnklng* ': Old Hanraki. —Three stopes In the Beaward block, 400 ft level, are in progress. The reef Is up to 61n, and three pounds ot picked [Stone were got- Two stopes art being worked In the north block. The reef is up to 4in, and has yielded seven pounds of good picked stone. The pro-, spectlng crosscut at the 400 ft level is in good country. . Y;.Y» Monowal.—The reef north at "No. 2 level has been mixed with mullock; therefore the values iave been lower, the average la/. There Is every appearance now of the mullock cutting, out, and on Friday some riice looking mullock was making In the face. Quartz stringers have been met with in the crosscut into the "langlng-wall at No. 4 ;; B Saxon.—When the lining of the ladderway compartment in the shaft Is completed, a start will be made to crosscut south to Intersect the Cardigan lodes at No. , level. Dominion.—The deviation drive in the low, level is in 22ft. The country Is hard to bore, :;';.■ but shoots weU. .' V ' . V ■■', '/: Waiotahi. —Repairs have been effected to the head gear of the diamond drill machine, , and boring has been started from the.bottom of the shaft. - ;- : ■' ■ •'" 'V Kurnnul.—The face of the Magazine drive is penetrating ground in which quartz stringers are met with. The surface drive Is in 21ft. The class of country is excellent. ■;-. SAXON G.M. COMPANY. ; '"■ ' -rl The adjourned annual meeting of shareholders in the Saxon G.M. Company waf held to-day at Mr. J. B. Sheath's offlee. Imperial Buildings. Mr. C. Hudson presided. The directors* report stated that'the policy'with''regard to deep' level developments of the property, as. set out In tho directors' circular dated January 31 last, is ; being given effect to, and the installing of the ventilating plant should be complete! within a few weeks,, when a start will be made on the crosscut from the bottom of.'-" the shaft at No. 7 level to cut the Junction' of the Nos. 1 nnd 2 Cardigan reefs. The retiring directors, Messrs. J. C. Smith and H. .1. Edmiston, offered themselves for reelection. The statement of accounts showed wages paid £560 6/6,"'directors' fees £33, rents, rates." etc., £312 4/7, surveys £11 il/. 0 requisites £010 10/1, salaries £58, general ex- % peases £60 0/3, legal expenses £19 15/, contractors' £22 3/4, leaving cash balance £18i 5/4. .' .■ -m