MINING NEWS.

Auckland Star, Volume XLIV, Issue 107, 6 May 1913, Page 7

MINING NEWS.

WAIHI MINE. KLSE IX SHAKES. PAVABLK ORE LOWEST LEVE4,. I Another advance took place in Waihi "shares at the first call, sales.being made from 35/0 to 36/6. . The following cfiblegvam has been dispatched .to London:—"No. 10 level, j Royal, lode west of No. ■> shaft: Cross; I cut. lift driven (214ft-225ft), 14/ per I ton. Empire lode west: Crosscut at 444 ft; south section of lode last 3tt I (15ft-18ft). 34/G per toa: Bft driven to 1 the west. £2 4/ per ton. The total depth of No. 2 shaft U 1222 ft. The total depth of No. 4 shaft is 1245 ft. At 1236 ft havo met a lode: first. 3ft, £ 1 2/per ton; the course of the lode is 33 degrees (true) underlying west, the dip of the vein on-e in three." This is of iniporta.Tice, because it shows tilt , existence of pavablc ore in the lowest, I level.

ROSS GOLDFIELDS.

The manager wired to-day: '"Tapped the Casaiiis workings by bore 10 o'clock thie morning. Distance above the back of the drive about i»Q feet. A fair stream of water is tfunniiig from the bore. Cannot state yet. whether workiDgs contain any great quantity of water. Plant work.itig satisfactorily."; -~.;.'" >,•■_:..: ..v- -~

LONDON.

. ' (Received 10.2S a.m.). LONDON, May 8. yrflowinft were the closing , , rates on the .Stock Exchange io-day:— . Wailil. buyers, :«/; sellers, 37/ G. Orand Junction, buyers. 16/9: sellers, 17/0. Tatisnuan. buyers, 35/; sellers 40/.

SOPTItER-N JIARKKTS. • niTinSTriirßCll. this" day. rct'orforl on tlf Kri-hnnirf (n-lnv are: National' Bank; £4 IO.'C: Waihi, IV 16/10.