MINING NEWS.

Auckland Star, Volume LVIII, Issue 43, 21 February 1927, Page 4

MINING NEWS.

LUCKY SHOT. A: the morning call today on 'Change sal. .- of contributing shares in the Lucky Sh.t <J.M. Company were made from ' to 2/7. The latter figure was a drop of 1 on the highest point touched on Saturday morni! g. At the noon call buyers offered 2,>. and sellers asked 2. Jc MINE MANAGERS' REPORTS. The Majestic-—The south drive is now along 22Clft from the main crosscut. A crosscut has put out eastward for 26ft to expose a formation which appeared in that direction. A crosscut has now been started to prove the westward section of the United reef, which should bo in hand during the ensuing week. The reef will then be kept in hand and followed to a point corresponding with the payable ore exposed in the United section, where, judging from the nature of the country, a continuation of this ore should be forthcoming. Obinemuri.—The mauag'-r reports pro. gross for the fortnight ending February L.' : No. 3 level, north section : The drive northward "ii the Camoola has been extended l'.ifr. making a total oi 2'«Sft from the Silversrreain crosscut. This work is now approaching a similar belt of country to that existing on th- (Jt'een and Julia parallel reefs. The last round of holes exposed blotches of sulphides in the quartz, which appear to be making for the full widtli of the drive. The reef here is evidently a large l»ody. and. generally, is of a very encouraging nature. South section : The south drive is along 2C."ift from No. 0 crosscut, or a total of 217nft from the Silverstream crosscut. A fine body of sulphide ore is being carried with this drive worth about l«z gold per ton. No. 1 rise : This rise, which is being put up to connect with No. 2 level, has reached 50ft in height, the full width being worth ]oz 6dwt gold per ton. A winze will lie sunk from No. 2 level to connect with the rise, which will provide ventilation and facilities for *iening up this block for milling. Alburnia.— The manager reports that the western crosscut is cow out 23ft Thcountry h> re is of a good description for a reef to exist in. "n the hacgingwall in.rti..n of the Orlando reef in this drive thquartz broken is of a splendid description. The crossr-ut heading towards the Sons of | Freedom reef is now out to a distance of | P'l't through a blue metal bar. The inter- | mediate U\t] .-■■ award from tho top o' the j rUe i- .'.riven a total distance of 2'.<ft. A few .-olmirs of g"ld have be. n seen in the | ore broken, and the country Kick is all that can be desired. Th- drive going i.orth on the hangingwall portion of the Orlando I reef has beer, extended a further 10ft. leav- • ins approximately 1U or l.'ft to intersect ■ th- Star of tin South re< f according to surv. y.