MINING NEWS.

Auckland Star, Volume LXIV, Issue 302, 22 December 1933, Page 8

MINING NEWS.

AOTEAROA COMPANY. The report of the Aotearoa Gold Prospecting Company, Limited, Christchurch, states ' that several claims were investigated, two ; being dealt with—the Bell Hooper claim at ; Cornwell and an area adjoining it. The profit for the year wos £2033, and the directors had decided to declare a dividend of iSO ] per cent, absorbing £2000. and to pay it by < transferring to. shareholders one share in Bell Hooper for every two held in the com- ' pany. OPERATIONS AT WAIHI. ' (By Telegraph.—Own Correspondent.) < WAIHI, Thursday. ! The following information has been cabled ! to the London office of the Waiui Gold Min- 1 ing Company, Limited:— ( No. 3 Level.—North branch of Martha , lode: At 118 ft west we have crosscut to the north 47ft and to the sout'j 25ft, in country ' rock. Cross-cutting is stopped. No. 4 Level.—Martha lode, north branch: Driving east the next 28ft assays 38/3 a ton. The lode is about 2ft wide. No. 5 Level.—North branch, Martha lode: Driving west the next 20ft is ore of good grade. The lode is about lift wide. Martha lode: Driving west the next 20ft assavs 30/3 a ton, and the next 14ft 7,/9 a ton. We are now cross-cutting to the north at 350 ft. No. 12 Level.—Royal lode: Driving east the next 26ft assays 7/6 a ton. Grand Junction. No. 0 Level.—The southeast crosscut at 70ft west was stopped at 73ft in. and we have now commenced driving west on the lode cut at 20ft in. We are also extending the main south-east prospect- ' ing crosscut, which is now out 336 ft. i 1 YEILDS OF COMPANY. 1 1 Golden Dawn.—For the- twelve working days ended December 16 22S tons of ore ] were treated for a return of £319, exclusive of premium and exchange. In addition 101 tons of outside ore were treated. I \