MINING NEWS.

Auckland Star, Volume LXV, Issue 173, 24 July 1934, Page 13

MINING NEWS.

OLD "TRY FLUKE" MINE. (From Our Own Correspondent.) MERCUKY BAT, this.day. The old "Try Fluke" mine at Kuaotunu gome forty years ago produced over £100,000 worth of gold before falling in. Recently an old resident of Kaoa'tunu and his eon leased the property ror tne purpose of once again winning the precious metal. They succeeded In delving through the tunnel to the 600 ft level, where it was found that the workings are as good as they wereback in those early days, with the exception that all the timbers had .rotted, away. An effort is to be made to secure capital to reopen the workings, which are situated about 8 to 9 miles from Whitlanga. YIELDS OF COMPANIES. Talisman Dubbo (Karangahake).—The treatment of 391 wet tons, equal to 32J dry tons of ore, at the Golden Dawn battery gave an actual realisation, on 85 per cent extraction, of £168. • Gillespie's Beach (South Westland). — Last week, 350z fldwt for 1271 hours. Okarito (South Westland). —Last week, 30oz lldwt for 124 hours. Mataki (Murchison). —Last week, 2Coz for 122 hours. GOLDFIELDS DREDGING. The- first annual report of the Goldfields Dredging Company, Limited, which is operating on the Shotover Kiver. shows a loss of 1931, out of which, the directors state, allowance must be made for the cost incurred to date in shifting the dredge to the Big Beach claim,. The dredge entered the gorge on June 1 and travelled 66 chains to July It is expected that it will toe through the gorge and on the company's claim early in August. . Dredging operations were carried on from Little Tucker Beach to the gorge from August 7, 1933, onward.; A, total of 1225.300 cubic yards dredging yielded 547 Ounces of gold, which was in. excess of the amount expected, owing to the fact that a considerable portion was through old tailings and ground which had been; previously dredged by former companies The proceeds of gold won were £3G84 against expenses, £5623. Stock, representing spare parts for the dredge nt cost, amounts to £1192 The paid capital of the company is £30,000. . v REPORTS OF MANAGERS. Golden Dawn (Owharoa). —On the intermediate level, the drive south on eastwnll branch from" east crosscut extended 23ft, reef 12in,- £7 17/3 a ton: No. 3 level: Crosscut west from drive north from winze on No 3 reef has holed through to. winze on No' 1 reef, so greatly improving ventilation on ; workings -on -both" 'Nos.- T and' 3" reefs. Drive north on No. 3 reef irom winze extended 23ft; reef here is-small and mixed with country. Farmer's level has been cleaned out a further. 55ft, .making from entrance. Stoping on No. 3 level: On No 3 reef norti) and south from winze, average width 15in, £Tl4/6 aJon. On No. 3 reef, north blocks I4in wide, £4 17/6; on eastwall branch north of winze,. 12in, xll 18/6: on castwall branch north and south of' crosscut from stopes, 14in, £14 UfO On intermediate, level ,on eastwall branch north and south of crosscut,; 20in, Saddle Goldmines (Coroman.del).— Driving on No 1 level has been continued a further 40ft. A leader of 3in width was" intersected | and showed good gold..ln the. stone. The , country, after cutting the leader,.continues to be hard, and for the most part la stand-! Ing,.welt ■..