MINING.

Auckland Star, Volume LXIV, Issue 30, 6 February 1933, Page 4

MINING.

ALEXANDER MINES. The seventh dividend of 1/ a share on all shares has been declared by the directors of Alexander Mines, Limited, Reefton. The distribution represents a sum of £3750 and la free of income tax. Payment will be made on February 27. The company paid its first dividend, 1/ a share, on January 16, 1932, and during the 12 months distributed £22,500 in five further similar dividends. The forthcoming payment will be the first in 1933. The nominal capital of the company Is £75,000, In £1 shares, 29.000 fully paid and 40,000 paid up to 13/6. The total paid capital is approximately £60,000. The secretary of the Auckland Stock Exchange has received the following particulars from the Alexander Mines, Ltd., clean-up for January :—Four hundred and twenty-one tons of ore were crushed, for 2430z 12dwt of melted gold. Cyanide: Two hundred and seventy-two tons of sand were treated for 960z Odwt of bullion. Estimated value £1277, exclusive of premium on sale of gold abroad and premium on exchange. WEATHERSTONES COMPANY. Boring operations in connection with the tests which are being carried out at the present time to determine the depth of the cement deposit at Wotherstones and for the purpose of securing general information regarding the angle at which it dips Into the flat have been progressing satisfactorily. A depth of slightly over 360 ft has now been reached, and it is anticipated that It may be necessary to continue the bore to a depth of 500 ft before the bottom of the cement is reached. An indication of the fact that the cement is gold-bearing throughout is contained in the fact that washings of the core of the bore have revealed slight traces of gold. No attempt to calculate the return per cubic yard at the various depths has yet been made, but when the bore has been completed the amount of gold recovered will be compared with the cubic content of the core displaced during boring operations, and by this means it will be possible to obtain a fairly accurate estimate of the value of the cement from top to bottom. Specifications for the main incline shaift, by means of which it is proposed to work the deposit, are being prepared, and it is intended to call tenders for the work before the, end of this month. OKARITO RETURN. DUNBDIN. this diy. The Okarlto gold dredging return Is 78oz 2dwt for 118 hours. GOLDEN DAWN CRUSHING RETURNS. For the twelve working days ended January 28, 384 tone of ore were treated foe a return ot, SIM grid, whiei at £4 per ox.