MINING NEWS.

Auckland Star, Volume LXV, Issue 17, 20 January 1934, Page 4

MINING NEWS.

SKIPPERS, LTD. SHIPMENT OF STEEL PLATES. The steamer Cornwall, at present at BlulT. is unloading there a. consignment of nearly 300 tons of steel plate sections an<l attachments for erection on the claims of a new gold mining enterprise which will work the bed of the Sliotover River. It is t.be intention of Skippers. Ltd.. to work the Rbotover River at a distance of about 20 miles from Quoensfown. first deviating the river bed in sections of 2(KX)ft at a time by means of diversion tunnels and sectional steel fluming. and then by bndraulically elevating the sand anrl gravel composing tbe river wash. The enterprise will call for a capital expenditure estimated at over £3".000. the cost of 281 tons of steel plates alone being JXiTTS, while the bolts cost £61(5. Tbe cost of tbe erection of the nine dams will be £1800. BLACKWATER MINES. Tbe report of Blaekwater Mines, Ltd. (Reefton). for December, with November figures in parentheses, is as follows:— Crushed. 3000 tons of ore (4155 tons), yielding 18ff) fine ounces of gold, valued at £8214 (£11.151), at £0 an ounce. Working costs were £5470 (£Tki7), leaving a working profit of £2735 (£5374). Development expenditure was £H3." (£788), and capital expenditure £1511 (£3000). COMPANY YIELDS. Paddy's Point Gold Mining Cornnany, Lim'ted.—A paddock was completed on Wednesday for a return of 560z. This paddock. which Is a little under an acre, was started on December 10. Holdfields Dredging Company. Limited (Sliotover), reports a return of 220z 4dwt for 300 hours' dredging during the fortnight ended January 10. The wash-up of the King Solomon Deep Lead Mine (Gore) for the week was 120oz lldwt. MINE MANAGERS' REPORTS. Golden Dawn.—Report for two weel-s ending January 13:—No. 4 level: Drive north on No. 1 reef extended 17 feet, total 135 feet, reef averaging 10 Miches wide, values still low. Drive north on No-. 3 reef from crosscut east has been driven 28 feet total 36 feet. The reef averages IS inches wide. No. 3 level : Drive north on No. 1 reef eastwall brrrncb at north winze extended 12 feet, total 32 feet, reef averaging 10 inches wide of very good value. A crosscut east from r«ee of this drive has been driven six feet, total six feet, to cut the footwall branch reef found at the intermediate level. Intermediate level: Drive north from crosscut east on footwall branch reef driven 14 feet, total 22 feet. Reef averages two feet wide, ore of very good value. Drive south from crosscut east on footw,il! branch reef driven six feet, total nine feet Reef averages two fe»t wide. No. 2 level : Rise on No. 1 reef north extended six feet, total 14 feet, reef ISin wide. Stoping—No. 3 level: On No. 1 reef north aveffiping 12in wide. Magazine reef averaging 10 inches wide. No. 3 reef north averaging 18 Inches ivide. i No. 2 level: 1 reef and eastwall branch reef averaging 20 inches wide. The pump In main shaft is aijll working very I well and easily keeping tjje water town.