MINING NEWS.

Press, Volume LIV, Issue 9882, 12 November 1897, Page 3

MINING NEWS.

The Chicago Gold Mining Syndicate, Tararu Creek, Thames, whose headquarters are in Christchurch, received a telegram on 19th October that a large body of quartz had been struck in their No. 2 drive at 143 feet from the surface, the reef being 4ft 6in wide and a splendid class of quartz. Two tons were broken out on 22nd October and treated at the May Queen extended battery, for a return of ooz 14:lwt smelted gold. On 9th November the following telegram was received :—" Cut second large body quartz, gold freely seen when breaking down ; assay being made at School of Mines, Thamts. On 10th November the following wire received:—"Assay quartz, School Mines, 78oz gold, 68oz silver, value £317 per ton." (PRESS ASSOCIATION TELEGRAM.) AUCKLAND, November 11. In the share market the following was the business done :—Sheridan Is 6d, sellers Is Bd, buyers Is 6d; Imperial Is Id, sellers Is 2d, buyers Is. The Crown mine during October crushed 1964 tons for bullion valued at £4232, an average of £2 3s Id per ton. A stormy meeting of shareholders in the Hauraki North was held to-day, with the object of ousting the present Board. On a show of hands a motion for removing the Board was carried. A poll was demanded, and the result is to be announced tomorrow.