MINING.

Auckland Star, Volume LXII, Issue 281, 27 November 1931, Page 4

MINING.

TIN DREDGING RETURNS. In the first linlf of November the Rawang tin dredge handled 100.000 cubic yards for a return of 20 tons of tin oxide. Kuala Kampar put through 100,000 cubic yards for 17 tons. WAIHI CRUSHING RETURNS. (By Telegraph.—Own Correspondent.) <• WAIHI, Thursday. The following information lias been cabled to the London office of the Waihi Gold Mining Company :— For the period ended November 14, comprising 21 working days, .16,831 tons of ore were crushed for a result of 5590 tine ounces of gold, and 37,790 fine ounces of silver. This includes ~515 tons mined from the Grand Junction area, which yielded 007 fine ounces of gold and SSSS fine ounces of silver. No. 10 Intermediate level in Grand■ Junction area.—Lode situated at 103 ft in junction No. 1 shaft north-west crosscut: We have resumed driving west, and the next 35ft assays 42/ per ton. The lode is about 4ft wide.

GOLDEN TERRACE EXTENDED,

(By Telegraph.—Press Association.) IN VE RCA KG ILL, Th ursday. The Golden Terrace Extended Gold Dredging Company (Central Otago) reports a wasli-up of 50oz 4dwt for 177 hours' dredging.

MAHAKIPAWA GOLDFIELDS, LTD

Advice has been received from the mine manager that he is now working four faces, of which two are in good gold wash, and lie expects to have another face working also in good wash within the next day or so., The No. 7 East crosscut has been further extended, and gold has again been found, the drive being out now 90ft from the main drive. With the substantial sum to be received from the premium on gold sold to date and the moneys on deposit the reserve funds of the company are ample to meet all contingencies.

GOLDEN POINT MINE

The first annual meeting of Golden Point Gold and Scheelite Company was held in Christcliurch on Thursday. The annual report referred to the mining operations for the two months, during which 2030z lUdwt of smelted gold and l-ooz of gold in the concentrates had been secured for 41 days worked. The first bar of gold sold realised £5 7/3 per oz. The directors had decided to install additional plant, and to meet this charge and meet remaining liabilities it had been decided to ask shareholders to subscribe the balance of unissued capital of £3000 in 00.000 S per cent cumulative preference shares. The balance-sheet showed a debit to profit and loss of £505 14/. At a special meeting it was proposed that £3000 of unissued capital be issued as preference 1/ shares, bearing 8 per cent interest. It was proposed as an amendment that the board Issue debentures up to £5000 in denominations of £5. bearing interest at the rate of 8 per cent. The amendment was carried unanimously. LATENT REPORT. The following information lias been received by the secretary of the Golden Point Mine from the mine manager: "Have intercepted the reef in the drive off new rise in No. -1 crosscut, width 3ft. The values are up to the average." 1