MINING NEWS.

Press, Volume XLVII, Issue 7524, 14 April 1890, Page 6

MINING NEWS.

EBEPTON, AprU 13. The foUotdng are v tnelArtery returns for the past treeJci— v * V ; < United Alpine, 2140z of amalgam from 160 tons stone; Scotia, 5020z amalgam fromS6 tons (cleaning up) rNo. 2 South Dark, 4Ooz amalgam from 20 tons; Inglewood, 920z amalgam from 60 tone -, Progress, 210oz amalgam for the week; Globe, 2500z amalgam from 174 t»ns. Scotia—Toe mine manager reports :— " Since my last report we have finished taking out the stone, and hare now commenced to drive into the foot wall of the winze about 45ft below the main level, but there is no change so far as we have driven. We are also trying in the furthest north winze for stone, but I have not got much work done in it up to the present time, so I cannot say much about it. There is no change whereTO are prospecting near the north boundary. The drive is now 86ft into the hill, and we may come upon a reef at any time." InangahuaLow Level—The newly found reef has pinched out, but we are driving on a good track towards the point where the prospectors' reef is expected to be cut in. Golden Lead—A few hands are still engaged 'in driving towards the O.K. boundary, and during the week crossed some rich veins of stone. Nothing has yet been arranged relative to a second trial crushing. The result of the parcel of stuff sent to Auckland for treatment-gives a yield equal to 23s per ton weight, which is regarded as very satisfactory. Scotia—The splendid return of nearly 202 of gold per ton "places the Company in a good prominent position, liquidating all liaoilities, and leaving something in hand to carry on prospecting. (jiobe—On Friday night a tree fell across the race, causing a detention of ten hoKis at the battery. Bat for this the amalgam return, good a3 it is, could have been considerably increased. . Progress —The returns are not quite so good this week, which is accounted for by the fact that in order to keep a large number o£ twenty-five stampers supplied, stone from the poorer end of the block has to be seat down, wlich reduces the average of the good quality quartz. As soon, however, as the stopes get further advanced it will be easy to keep the mill going exclusively on the richer scone. United Alpiuts—-The battery returns are a little weaker this week, but the manager wired last night reporting an improvement showing. Inkerman —The mine tianager reports— "The w.nzj has been sunk 9ftfor the week, the total depth being U4it below No. 1 le«el. The stone in the north end of the winze is 4ft 6in vwide. In the south end she hae pinched to 10ft, but is again widening out. The stone all through shows good gold. The contractor started yesterday to drive No. 2 level. I shall have the fla?; sheets laid down and cages in the shaft by Tuesday. There are 122 tons stone to j pass from the winze." ! The Brokers' Association report on Saturday as follows :—" Business for the past week has been chiefly confined to certain stocks, and consequently a number of lines in which there is usually soinetuiog doing have remained comparatively neglected. There has been an ample rainfall, and this will help to greatly facilitate steady crushing; whi c in the other mines not so tar advanced good headway is being made with the dift-erent worke required to allow of proper development. The result of the trial crashing of five tons of auriferous stuff from the,. Golden Lead property, recently made at Auckland, has just been received and cannot be regarded as anything short of satisfactory and payable when all the surrounding conditions peculiar to the Merrijigs district are taken into account.,'''' A little more, systematic prospecting in the quarter will help to *convey a better idea of the vast extent of material which is lying there only requiring the means for transport and crushing on "a large scale: Globe have had some business at up'to 203. The return for the week is highly satisfactory and the mine looking well. ; There Is more of ;a ibuying tendency..,; Inkerman > have had steady buyers all the week at fair price?, and parcels changed hands at up to 22s 6d with very few shares offering* * Progress have been quiet and remain stationary in price. Fiery Cross should soon come into notice again. Crushing has been resumed and the mine is looking well. Big Biver remain in steady demand at up to 3s 3d, and any parcels offered find buyers. Bendigo are easier; and some Cumberland sold at about 9d, and. Golden Lead at 2s. Lyell Creek were wanted at low rates; sellers asked 7d. Merrijigs sold at 83, and Hercules could have been placed at Is 2i. Keward and Besoiution were both wanted at low pticea. "Supreme got a little easier, and offered at 3s. Crushing has been commenced, but until the "plates are thoroughly, cured and a quantity of mixed stone got out of the way a fair average cannot very well be arrived at. Stone is coming to grass freely. Scotia had some business at 2s 3d and 23 4d, but the market is very flat for the stock. They completed crushing a parcel of stone at the Drake Battery, last night, but the return is not. in yet. United Alpine had a father quiet week, but with steady payable returns, such as those now coming frdm the battery, there should be an active demand. Wealth of Nations have been stationary. Midday prices:—Argus 7d to Bd, Big Hiver 3s 2d to 3s 4d, Bendigo 6d to 7d, Cumberland 9d to lOd, Golden Lead 29 to 2s 3d, Globe 19s 6d to 20s, Inkerman 22s 3d to 22s 9d, Lyell Creek 5d to, 7d, Merrijigs 8d to 9d, Hercules la 2d to Is 6d, National 6d to 7d, O.K. Is 8d to is 9d, Progress 26s to 275, Besoiution 7d to 9d, Supreme 2s lOd to 3s, Scotia 2s 2d to 2s 4d, United Alpine 26s 6d to 27a, United Italy 6dto7d."