MINING.

Auckland Star, Volume LVIII, Issue 47, 25 February 1927, Page 4

MINING.

KING SOLOMON MINE. THE HEADQUARTERS QUESTION. DUXEDIX, Thursday. Dissatisfaction exists in Gore and Dunedin with regard to the affairs of the King Solomon Mining Company. The property is situated at Waikaia, near Gore, and although it is stated that a large portion of the share capital is held in the South the directorate is located in Auckland, which a section of the shareholders consider is too far from the seat of operations. At a meeting of Dunedin shareholders it was agreed that the Auckland directors be asked to resign and a new directorate formed at Gore. WAIHI RETURN. (By Telegraph.—Own Correspondent.! WAIHI. this day. The following information has been cabled to London: —For the period ending February 12. 17.127 tons of orf were crushed for a result of 5707 line ounces of gold and 21.861 fine ounces of silver. ' This includes 2050 tons won from the j Waihi Grand Junction area yielding 549 fine ounces gold and 1304 fine ounces of silver. No. 0 level. Edward cross lode, next 41ft is of little or no value, and driving lis suspended. No. 10 level, lode at 273 ft in shark crosscut, next 18ft driving ; west, is of little or no value. No. 15 level. Euv.-ard lode, driving south. next 33ft assays l/'J per ton. No. 1, diamond drill hole, next 21ft is a mixture of quartz, and country of little or no value. Ilauraki Mines.—The manager rtports that the boiler has been tested, and steam is being got up. The npw beam and balance box is connected to the main rod. and the' pump is ready to start. The liighpressure cylinder is being connected with the pumping engine and condenser, and will be ready for a trial run in a day or two. The bailing tanks are nearly finished, and a start is being made to get the new winding ropes in position, so that turwatering operations Trill soon. be started.