MINING NEWS.

Auckland Star, Volume LXVI, Issue 170, 20 July 1935, Page 21

MINING NEWS.

barrytown dredging.

Barrytown Gold Dredging, p. (Grevmoutli), has been placed on the official Tis" «f the Christchurch Stock Exchange. The company has a capital of !,.'s7so in 125,000 ordinary shares of £1 each and 75,000 deferred shares of 1/ each. Ordinary shares are paid to 10/ each. MANAGERS' REPORTS. Golden Dawn. —Report for fortnight endin" July 13: —Development —No. o level. Crosscuf east from face "f f 've soutii on No 1 reef from winze driven l_ft. me crosscut is being put in to the Magazine reef, where rich ore was got in the main No. 3 level and stopes above Dnve north on No. 1 reef advanced 51ft. The reef is still carrying a good wall and little water is coming out of tlie face. Ihe country rock is of a splendid class for carrying reefs, being interlaced with mineral seams. Bottom intermediate level: Drive south on No 1 reef advanced 22ft iroin W pass Reef 2ft 6in wide £2 2/11 per ton. Drive south on eastwall branch of No 3 reef driven 29ft. Reef -ft wide, £l"s/6 per ton. Drive south on reef going into westwall driven 20ft. The reef J iere averages 2ft wide, but is split into three branches, all the branches carrying good value, £1S 1/S per ton. Stoping—No. 3 level: On No. 3 reef north of winze, ism wide, £5 2/4 per ton. On No. 1 reef north and south of winze, 14in. £5 19/6 per ton. Underhand stope on eastwall branch reef north of No. 1 winze, lOin. FlO 10/8 per ton Bottom intermediate level: On No. 1 reef south. 3ft wide, £4 9/2 per ton. On eastwall branch of No. 3 reef south, 2ft wide £2 10/10 per ton. On westwall branch reef, 4ft wide, £S 9/4 per ton.