MINING.

Auckland Star, Volume LXIV, Issue 16, 20 January 1933, Page 4

MINING.

OPERATIONS AT WAIHI. j. ■ t (By Telegraph.—Own Correspondent.) : WAIHI, Thursday. The following. Information has been cabled to the London oflice of the Waihi Gold Mining Company, Limited: — In the No. 3 level of the Martha lod<\ west reef, situated at 90ft north in 140 ft west crosscut, wc have driven west a further 20ft, in ore worth 75/6 a ton. The width or the lode varies from 12ft to Oft. We have also driven east a further 18ft. The "average assay value is 75/0 a ton. The width of the reef varies from 4ft to i>ft. In No. 11 level, Royal lode, at 61ft down, the Lizard winze has been driven a further ,17ft east. The average ussny value is 64/3 a ton. Connection has been made to the Adder rise, and we are now opening a level at 80ft down. At the No. 11 level, 90ft sub-level, Empire lode, north section, commencing at the Mitchell winze, we have driven west 77ft, the average assay value being 48/9 a ton, the width of ore about 3ift. Stoping will be commenced from No. 12 level. In No. 12 level, driving west of the Cow crosscut, the next 21ft, the assays were 17/3 a ton.

MOUNT MORGAN LIVES AGAIN. A new era of prosperity for Mount Morgan Is indicated as a result of the propsoal of Mount Morgan, Ltd., to increase the capital of the company. The old machinery is to be reconditioned and added to, and when complete will be capable of treating 1000 tons a day. The increased price of gold and the added exchange have made it possible to treat ore that was previously of too low a value. The opinion is expressed that over 8,000,000 tons of ore are available The directors, who propose to offer a new issue at par (20/) to shareholders on the basis of one new share for every four shares held, are of the opinion, on the reports of experts, that at least 1& million tons of the main ore body is amenable to treatment on a profitable basis and they have decided to instal modern grinding plant and additional flotation cells capable of treating at least 500 tons per day. There is everv indication of a very long life for Mount Morgan, and the concern promises to be once again a very good paying proposition. If some of the old-time glory returns to this famous mine it will be a splendid thing for the State.

OKARITO. (By Telegraph.—Own Correspondent.) DUNE3DIN, this day. The report of the Okarlto Gold Dredging Company states that for four weeks from December 3 to December 31 last, the total gold won was IGOoz 4dwt. Total time worked was 334 hours; total nonworking time, 50 hours. The dredge was closed down for holidays on December 22. Total yardage treated, 22,000 (average of 66J cubic yards per hour); average value of ground (on basis of gold worth £4 ounce), 7d per cublic yard. MINE MANAGERS' REPORTS. Golden Dawn. —The mine report for two weeks ending January 14, 1933, is as follows:—No. 3 level: Stoping has been carried ou in two blocks on No. 1 reef with machines working three shifts. The reef here averages 2ft wide and the ore broken of fair value. No. 3 level: Stoping has been carried on in three blocks on No. 3 reef with machines working three shifts. The reef here averages 2ft wide and the ore broken is of very fair value. No. 2 level : Stoping has been carried on 111 two blocks with machines working three shifts. The reef here averages 2ft 61n wide and the ore broken of fair value. No. 2 level: Drive north on No. 3 reef from crosscuts east. A start has been made driving north here. The reef in the face Is loin wide and the ore of very good value. Filling of the stopes from surface is still being carried on.