MINING NEWS.

Auckland Star, Volume LXVII, Issue 172, 22 July 1936, Page 4

MINING NEWS.

ALOHA LIQUIDATION. FINAL DIVIDENDS. An announcement that Aloha Central shareholders will receive a iirst and linal dividend of 4/3 a share, and Aloha Syndicate holders £0 4/3 a share, marks the last ot these stocks. Tin* distributions are payable forthwith, and the legal manager, Mr. .T. If. Roxburgh, states in a circular to shareholders that witii tliese payments the existence of the companies is automatically terminated. Aloha Syndicate £10 shares during the I'iji gold boom la«t year touched £050. Shares in Aloha Central, an offshoot, reached S.IO. A second offshoot, Aloha Alluvials, was floated in Mav, 103") and the £3 shares touched £17. Aloha Alluvials, which has already been wound up. returned £3 13/0 ;l share of unexpended money on the linal distribution. 1 lie payments now announced represent an ';ssr. c^ t( \, or . I * 7 "' Aloha Syndicate and tiOO ill Aloha Central.

YIELDS OF COMPANIES. M'aipapa Beach (Southland). —lloz for week ended July 11. r • V ;'. t ,:l k l i (Murchison).—Last week, -luoz lor jjj hours and 01*00 yards. MOUNT LYELL QUARTER. Tll ,°. ? Io " nt L J' f ' u Mining and Railway <~0., Ltd. (J asmania), reports the following pioduetion lor the quarter ended .Time 30. with figures for tlie previous quarter ended -M;iicli ol in parentheses :—Ore treated bv mill 107,304 (103,317) tons; concentrate's produced, 1_,411 (11,050) tons; total ore r,3.VJ) Urns, containing .stMii (_731) tons ol copper, 23,842 f" ,> (nil of"goW. 0f SUVUt ' a " d 1047 (1362) "ounces

mining investments payment.

A dividend of 10 per cent lias been i ocoin mended by New Zealand Miniii" Investments, Ltd. (Cliristeliiireli). The Inst payment.of 15 per cent in shares of the Su^'im lUi; Co " LUI - milde -

ELECTROLYTIC ZINC OUTPUT,

P oducl on ol the Electrolytic Zinc ComJ. (.Melbourne and Tasmania) for the our weeks ended July 1 compares as follows Willi the lour weeks ended May 27: Zinc, 0801 (.>431) tons, of which used at M-n. (■ (So ' t l ons , : silver-lead product, -oh (I.jO) tons of lead and 37.000 (lit; 000) ounces ot silver The West Coast mines hgurcs were:—„ 333 (4143) tons zinc concentrates and 1018 (SolJ tons lead concent rates.

MINE MANAGERS' REPORTS.

lnlisman Dubiio (Karnngnlinke), for roriod Knded July 11.—Dubbo level: A winze was sunk 2<>ft from the north end ot the stopes at 150 ft above the level. This winze holed through to the rise, which was put up ftom the level at 440 ft north. On the west wall of the winze a vein of quartz Sin wide and on the east wall another vein 7in wide, both of very good values, were cut. These two veins are separated by 3',ft of country rock. Stopes: Ore broken "in "i®, st°Pe* from 270 ft to 440 ft north at li4ft above the level save very good assav \alue for width of 15in. Ore from the stopes off the 440 ft north rise averaged very good values for width of 23in Ore from the slopes 51ft above level from 035 ft north to GSOt't north averaged good values for width of Kiin. Talisman No. 1 levellhe winze at 140 ft south of the main rise was sunk lott, total 42ft below level Assays from 27ft to 39ft averaged good values lor width of 24in. Talisman No. - eye : lhe drive soutih advanced ISft total i7!)ft. Assays from 7(>oft to 770 ft averaged good values for width of 27in. r rom 770 ft to 777 ft very good values for average width 45in. The lode in tiie face of drive at 770 ft south Is sft wide, giviiv very good values.

Mount Lyell (Tasmania), for Fortnight Ended July S.—North Mount Lyell : Tons extracted, 4010, Iloyal Tharsis: Tons extracted. 2420. West Lyell : Tons cxliacted. 1.1.719. Prince Lyell : Tons extracted. 1210. Lyell Com stock : Tons extracted. 3.>80. Xo. 8 level north drive to 12ft through ore. Main shaft sunk to 22ft below Xo. 8 level through porphvrv. Reduction works: Furnace in blast for "full period: 8709 tons refinery anodes produced for current year. Concentrator: Mill operated 330 hours itnd treated 29.238 tons °re, producing 22;»9 tons concentrates. ( opper refinery: Tank house in operation throughout the fortnight, 500 tons cathode copper being produced for the period. Total for current year. 10.030 tons.