MINING NEWS.

Auckland Star, Volume 55, Issue 94, 21 April 1924, Page 6

MINING NEWS.

Zeeband Ci.usolJ.i.i.ed. — L'nder date of the 14th i.isc;mt. the superintendent reports as to low: The i!ri\e on the Xo. 3 branch reef has bceu extended 4 feet for the week, leaving about 11 feet further to drive to rea.-h its junction nith the No. 3 reef. The reef has not been broken down for the week. The road anU crossings damaged by the recent Jlood have been repaired and the of the material for plant erection is beiug conveyed to the site. J. our-in-Hand. — The half-yearly report of the directors of the Four-in-Mand Gold -liiiing Co. states that since starting operations the shift has been mostly engaged ou surface undertakings. In the surface level 47ft have been driven on the Talnni reef to the north of the former company's workings. Gold was seen regularly in the quartz, and _, few pounds of picked stone were _elecC.il. An intermediate level was extended 148 ft at 80 feet below the surface level. At 97 feet the hanging wall of the Talnni reef was cut, and driven on 83 feet south, and _S feet north. A few colours of gold were seen 'occasionally .by washing the quartz. As the reef is driven on further south the manager states there is every chance of payable ore being met with. Another level was started a little over SO feet below the Intermediate crosscut, and has been driven __!) feet. At 175 feet the lainui reef was cut, and a few colours or gold were seen. The statement ot accounts showed total receipts £J2_;_ 15/.' The expenditure left a cash balance of £62 l/li> at the end of February. The amount received from calls wa_ £743 13/ The expenditure was: Wages £14!>7 12 0 supplies £203 16/7 general charges, rent and brokerage £1142 16/11, plant £__S 2/11. and payments on account of vendors £010 4/3. <_lenis!_. Mine.— The manager reports that the _«o. _\ level crosscut has been advanced eastward 29ft, making its total length _-'_.t. The crosscut entered a belt of decomposed andesitc, which breaks more easily than heretofore. Within the U-.st 33ft of driving the cleavage of the country has a stronc inclination to the eastward. Projecting this dip forward leads one to the conclusion that there may still be a considerable 'distance to drive before iutersectiua the lode. The report of the directors of the Rising Sua G.M. Co., after referring -to the worn done during the year, adds:—"We are glad that the mine is now producing ore and bullion." The manager's report states that No. 1 reef In Nos. 1, 2. 3. and _ blocks, looked at from a revenue point of view, have a great milling quantity awaiting the miner's pick. Taking these blocks there s an average width of IS inches, and at latest tests this is worth £5 per ton. The statement of accounts showed profit and '-°-!_- a f. , f -' now . : ~ jUece * pts ' b - v bullion, sold, _oo_ 16/8; call paid on forfeited shares, £103 _/*>; rent, £7 3/. balance, £-037 S/I. On the other side the balance at the 31st of March. 1023. was. £6113 if: interests, flies 10/; general . charges. £117.. 16/10; mine £604 4/3; mine wages, £1004 l_./7.