MINING.

Auckland Star, Volume LXIII, Issue 226, 23 September 1932, Page 4

MINING.

Talisman Dubbo.—Mine manager's report for week ending September 17: The drive at No. 1 Talisman level has been exk-nded 12 feet for the week, making a total distance of 327 feet. A good class of country, carrying a number of quartz stringers, is being passed through. A small sulphide leader was- cut which shows a fair tail of gold in the dish. NORTH BROKEN HILL. A cable received to-day states that the crosscuts on the 2150 level at North Broken Hill have boen extended in ore of average grade to 17ft from the footwalls of the lode. The face is still in ore. THE TUAPEKA CEMENT. A recently discovered prospectus of the Great Extended Gold Alining Company, Ltd. (Blue Spur), dated 1883. In Riving information regarding the value of the cement deposit at Blue Spur, states that in a court assessment in connection with an action between the Extended Company and Messrs. French and Co., the value was set down at 12/0 per cubic vard. But the most interesting feature of the prospectus lies in the authentic figures quoted regarding the gold return up to September, 1883, from a limited area of some 14 acres. This was. shown to be 31,4070z, which, at the then value of £3 15/ per ounce, represented a gross value of £118,115; and, of course, at that time much gold still remained to be won from the same area. In view of the fact that a company is at present being formed to work the cement deposit at Wetherstones, which it is claimed Is uniform in value with that of Blue Spur, it is interesting to note that the basis of calculation adopted In connection with this area is a value of 13/ per cubic yard, the value of gold being set down at £4 per ounce. AUSTRALIAN PRICE OF GOLD.

The price fixed by the Commonwealth Bank for gold, including jewellery, lodged at the Melbourne Mint, for the week ended September 9, was at the rate of approximately £6 13/10 a standard ounce (22 carat), equal to a premium of 71.58 per cent. Payment is made according to the assay value of the gold. The price is 9d an ounce lower than that ruling during the previous week. The price an ounce line is £7 6/, being lOd an ounce lower. The Commonwealth Bank's price for sovereigns, at head ollice, remains at 33/0. NOKOMAI COMPANY. Work in connection with the erection of ■flie drag-line excavator tower on the jNokomai Gold Mining Company's claim Is proceeding rapidly. All the heavy girders used in the construction have been safely transported from Bluff to the scene of operations, and a gang is now engaged in repairing the water races, which will be inspected on Monday by Mr. G. W. Thomson, consulting engineer to the company, before the final work is put in hand. It is expected that the power plant will be installed by the end of October or the beginning of November, and it is hoped that it will be possible to give the excavator a try out by the end of November or in the first week of December.