MINING NEWS.

Auckland Star, Volume LXX, Issue 128, 2 June 1939, Page 4

MINING NEWS.

MARTHA COMPANY'S REPORT. (By Telegraph.—Own Correspondents WAIHI. Thursday. The followinjr Information has been cabled to the London office of tne Marthn C,o\\ Mioins Company (Waihi). Limited:— No. .". Level. K Rranch Lode.—At Sifr Past of th» Lovert South crosscut a crosscur was driven south-east, and at ISft it intersected a mixture of quartz and country Ift wide. The nssny value is 20/8 a ton. We have commenced driving east on this. Xo. 4 Level. I Lode.—Driving- east the next lf»ft assays 16/6 a ton. Drivlna west the next LMift assay? 16/ a ton. These values, are based on a stoning width of 4ft. The vein in each direction is small and of flood v%lue. but will not pay to stope. No. r, Level. North Branch of Martha Lode.—The drive west of ihe sniift crosscut was extended a total of 2S<tft. At l!:;:'.ft met disturbed country. Winze at Jrtoft c.ntiMrtnl r<i rise anil firs; lift wii-llin-iicli illfturbed country and next 4ft NEW RIVER DIVIDEND. Th- dir.Mf..rs of the N.'\v River G<-ld I»r.'d-.'itisr Cnmnany. Limt-d iWe s t Coast) l'.nv declared „ dividend of iu a "■:•..' :iMe <'n June 0. I MANAGER'S REPORT. Sylvia Mine (Tnraru Creek» —The re liiyins <.f No. 4 level with sfel rails a dis tance .if KiiiOft to the shaft site bus now been sa r i>faWu r ily completed at a cost Well within the eusiiippr's estillltite. The launder work cm surface acainst infiltration is ir hn.nl, and th«. ne<essary timber for work is <>n r!n< crniinl. Preparations are now in hand for the excavation of thf sliiift cliiiinher preparatory to the sinking "I Hie fhilfl. Tiie air pipe along No. 4 level is m course of removal for necessary repairs. YIELDS OF COMPANIES. OkarlM Died"! us (South Westlaiuli — "7oz in 130 ln>iir?;. Mos»y Creek Dredge.—Wash-up : 370z l-.ilwt. r,.::is yards. 122" hours.