MINING.

Auckland Star, Volume LXIII, Issue 290, 8 December 1932, Page 4

MINING.

DIVIDENDS PAYABLE. CLACK WATER AND CONSOLIDATED. The secretarv of the Auckland Stock Exchange, Mr. W. M. Barton, has received Iho following telegram : — "Dividends have been declared by Blackwater Mines, Limited, interim 1/, and Consolidated Goldfields in respect of this year, 6d per share." On .Tilly 27 a dividend of 1/6 per £1 share was paid by Blackwater Mines, Limited, in respect of the year ended December 31. On the same date an interim dividend of Od per 4/ share was paid to shareholders in Consolidated Goldfields. With the 6d per share still to he paid the dividend rate for the full year will be approximately 30 per cent. Both are tax free and payable in British currency. Transfer books will be closed from December 14 to December 30 and warrants will be posted on December 31.

THE GOLCONDA MINES.

BORED INTO QUARTZ. The undermentioned telegram was received from the mine manager to-day :— "North end bored into quartz showlne, colours of gold.*' ACTIVITY AT THAMES. 'By Telegraph.—Special to " Star.") THAMES, '.his day. Considerable activity has been evinced by promoters of various mining projects at the Thames lately. The energies of those responsible appear to be meeting with reward, for many loads of ore have been treated at the School of Mines battery, in many instances showing good returns. Kuranui Hill excavations have unearthed two small leaders showing nice colours and dabs. Gold prospecting by Walker, Wright and Walker on the foreshore, near Bnrko Street wharf, met with encouraging resultß. Two other low grade propositions are about to be launched in the near future. Altogether quite nil optimistic feeling prevails among mining men at the Thames.

AUSTRALIAN PRICE OF GOLD. The price fixed by the Commonwealth Bank for gold, including jewellery, lodeed at the Melbourne Mint, for the week ended November 25. was at the rate of approximately £7 5/9 per standard ounce (22 carats), equal to a premium of 87.21 per cent. Payment is made according to tlie assay value of the gold. The price is 3/11 higher on the week. The price per ounce fine is £7 19/. a rise of 4/4 on the week. The Commonwealth Bank's price for sovereigns, at head office, Sydney, was 30/6, an increase of 1/. NEW ENTERPRISES. (From Onr Own Correspondent.) WELLINGTON, this day. Mr. <3. W. Thomson, mining engineer, of Dunedln, who returned by the Marama today from a business visit to Australia, said he had been fortunate in interesting an influential group of mining people in various projects, and arrangements had been niaiie for experts of Australian companies to visit New Zealand with a view to co-operating in the development of several of these large mining projects. "In my opinion the co-operation of these Australian interests will mean a big thing in the development of new mining areas for this country, as undoubtedly Australia todav is in the forefront as regards the handling of large mining ventures, added Mr. Thomson. MINE MANAGERS' REPORTS. Golden Dawn. —The report for two weeks ending December 3: —No. 3 Level: Stoping has been carried on in five blocks on No. 1 reef, with machines working three shifts. The reef here averages 2ft Cin wide, and the ore broken is of very fair value. Stoping has also been carried on in three blocks on No. 3 reef, with machines working three shifts. The reef here averages 2ft 6in wide and the ore of good value. Ihe leading stope in the north block has been completed to face of drive north, and the main level timber passes, etc., are very near completed, making a stoping block of 17oft long from north end of main stopes. reef here is improving in size and value In the second stope the reef averages 4ft wide and the ore of good value. No. 2 Level : Stoping has Ueen carried on above this level on No. 1 reef, and the main level timber passes, etc., are being put in to form No. 2 level. The reef here averages 3ft 6in wide and the ore broken of fair value. Filling of the stopes from main rise to surface Is still being carried on.

Alexander Mines.—The report for the month of November: —No. 3 North Drive: The main drive north has been driven to 435 ft from the crosscut. The country passed through has been good, but showing no stone of any consequence. A crosscut has also been put out east 16ft in country rock. The crosscut west on the fault plane has been continued to 29ft, occasional boulders of stone being cut here. No. 4 North Drive: This drive has been driven 33ft, making a total from crosscut of 122 ft. Stone from 3in to Sin in width came in at lllft from crosscut and is still showing in the face. The stone stands almost vertical and looks promising for makintr into a larger body of ore as driving proceeds. A crosscut lias been driven east from this level 21ft. The country is fair, but no defined hanging wall has been met wltli. rrespecting was carried on at Mullocky Creek and a fair amount of ore discovered, carrying gold, but not of sufficient value to be payable. Stoping has been carried on as usual, the faces showing very little cnange.

Gold Returns.—The battery duripg the period crushed 455 tons of ore, for a return of 3700z lldwts of melted gold. The cyanide plant treated 330 tons of sands for a yield of 115oz 15dwts of bullion. The total estimated value of these returns is £1845 (exclusive of premium o sale of gold abroad and premium on exchange). Long Trail.—The report for the week ending December 3 At the 100 ft level the east drive on the reef was advanced from 13ft to 19ft; the hanging wall portion has dipped below the floor of the drive. Samples of ore taken at intervals and tested by the dish show good prospects of gold in both the loose dirt and in the hard sulphides. The drive from No. 2 winze towards No. 1 winze >ias been advanced from Bft to 17ft where the faulted portion of rh» lode has been located in the footwall. Samples of ore showed good coarse gold in th > dish. The low level drive on No. 3 leader was advanced from 22ft to 31ft; the ore mined carried very fair prospects.