MINING NEWS.

Auckland Star, Volume LXVIII, Issue 300, 18 December 1937, Page 4

MINING NEWS.

SYLVIA MINES (THAMES). ( DIAMOND DRILLING. The secretary of the Sylvia Gold, Stiver and Base Metal Mines supplies the following information :— "After some delay In drilling, owing to the necessity of obtaining casing from Melbourne, in order to make C bore safe to a distance of 300 ft as then bored, boring was resumed last weelc. after the hole hajl been cased to a depth of 240 ft. . :,T; 00(I P r °ffress Is now being made with drillins, the boTe, as at December 16. heindown to a depth of 3-lOft. Excellent corcs are now hems obtained, owing to the firmer nature of the country as increasing dentil is heins reached. The rock pierced by the drill continues to be of a favourable nature being still heavily mineralised."

TALISMAN DUBBO. NEW ISSUE OF £2905. An offer of 11,620 contributing shares or ;•/ each is made to shareholders in lahsman Dubbo Gold Mines, Ltd., who are to have the rigfct to take one ot the new snares for every five shares held The new issue represents £2!M>.-,. and will raise £17 41»° n iv6 y S Bubscribe( l capital to The directors state that a further £lf,r,(t is required to complete the new crushing I T1.,1 W ° I',"" ,he lirst three months. ?hi ba ' anc ® ( ? f £13-10 is needed to meet w-ffif ° . lar ß. e .development plan. et-nfJi *u e + a i to niinin K operations, it Is death of th tn V n , K to . the lon »' »>«>••»■ »<"> \r -vi r- tb ®. ,at e mine manager. .Mr. \V. of' Rhff^°h a th< T t,>m P orar y supervision of shift bosses and the erratic nature of the reef in No. 2 level, the companvs mining has not been as profitable as in previous years. The nj mine manage" "• J - McConachie, is now installed. RETURNS OF COMPANIES. yardTrn%l°W S C ° aSt) ~ 7OOZ from 12 - 000 Ti SV °*\ Coart).—Return for yards in 221 hours. 341 ° Z fr ° m S4 ' 000 Maori Gully (West Coast).—There was no wash-up this week owing to a broken bottom tumbler shaft. The dredge has re-n-'ir? 6 !?' " . the flnal was b-up of the vear \*ill be made on Thursday and r !S.OW e !varts aSt) ~ 49 ' HZ for 128 hours

Mataki Junction. — Return *>r hf. r 16 ; 460z smelted K «ld for 1-3 hours and 21,000 yards dredged.