MINING.

Press, Volume LXIX, Issue 20917, 26 July 1933, Page 11

MINING.

GEOPHYSICAL SURVEY WORK. 1 INSTANCES OF SUCCESS AT ) CROMWELL. '.IV.ESS ASKOCUIJO* ■IT.LTJiT.SU .) WELLINGTON. July 25. "For the first time in New Zealanc in the case of gold, though it has beer c made use of in the case of oil, a geophysical, survey has been undertaken," said Mr A. H. Kin bell, Under-Secre-ly . tary Cor Alines, who returned yesterIs day from a tour of the gold-mining activities in the south. He said a geophysical survey party had been busily 4, engaged making a survey of Cromwell I. Flat. A substantial portion of the work hac W; been completed and a cross section f illustrating the position so far had beer. ) prepared, together with a plan of the survey, the preparation of which is alsc jj in hand. The work is lv'.ghly scientific : ; and specialised. In two instances the |» soundness of geophysical survey work !■'* already carried out has been confirmed by mining operations, which lends encouragement to the belief of many jjersons that a lead does exist across the i Cromwell Flat. I The result of the survey, it i.< ! claimed, will enable those engaged in j mining activities ~o to plan their work that they will be able to reach this lead without incurring unnecessary expenditure in tunnelling in a direction which may be at a wrong angle. -S Mr Kimbell says the extent to which the pegging out of claims has taken place would be hard for anyone who ; has not visited the area to appreciate. •■* A plan of the flat looks like a reproduction of Joseph's coat, or a crazy quilt, every inch being pegged out by somebody, while, above the flat, the Clutha, Hawen, and Cardrona livers, as well as the terraces, arc pegged out for 30 miles. Up to the present the Minister for Minos has consented to only a small proportion of the very large number of applications which have been made to the Warden's Court for prospecting licenses. He has. when consenting to thof-e already granted, imposed conditions so as to confine the prospecting operations to tunnelling, shafting, and boring, so as to protect the surface of the land as much as possible, and applicants in all cases have agreed in writing to allow the Government 5 per cent, of all gold won by the licensees, such moneys to be i- credited to the Consolidated Fund. it I THE FOUR X CLAIM. 0 II SALE REPORTED AT £l.'>,ooo. [THE FREBS Special Semce.] DUNEDIN, July 25. It is reported from Cromwell that Mr William Bell has disposed of his Four X claim on the Hat for £15,000. This claim is situated on the banks of the Kawarau river, above the claim held by Ounce. Ltd.. and Mr Bell recently penetrated into some very likely looking wash. A further report states that an area of about 200 acres on the Kawarau river held by Mr William Murray, one - of the vendors of the Bell-Kilgour . company's claim, is under offer to a promoting company for the sum of r £40,000. i s £ BELL HOOPER COMPANY. 1 t j The mine manager's report for the [ week ending July 22 is as follows: Mining operations are still confined to development work. The main face was extended 18 feet. No. 1 cross drive was driven to 67 feet. The midway cross drive was extended to 57 feet. The south-east drive was driven to 35 feet and the wash gradually rose to the back of the drive. Before proceeding further with this drive we intend to get up on the wash bottom and prospect out in a north-wc direction. No. 2 Tunnel—Two men extended the prospecting drive off the top of the rise to 23 feet. I, 5 MOUNT ISA PRODUCTION. For the week ending July 15, the - Mount Isa mine management reports e the treatment of 16,746 tons of crude; s ore, for a production of 1028 tons of' 0 lead-bullion. For the same period the / lailings to the coast totalled 924 tons. " PRICE OF GOLD IN AUSTRALIA. The price fixed by the Common-1 wealth Bank for gold lodged at the J mint from July 10 to July 14 is at the rate of £7 12s 3d an ounce fine. Pay- j ment is made according to assay value 14 days after the gold is lodged at the mint. I ; GOLDEN DAWN COMPANY. ' The superintendent reports that in 1 No. 3 level south in east cross-cut a , reef two feet wide has been intersected, heading towards Farmer's old ' workings and looking well. 1 HIDES AND SKINS. i FIRM TONE OF MARKET [ MAINTAINED. J [THE PRESS Special Service] [ AUCKLAND, July 25. , The firm tone in the hide market was maintained at the fortnightly ; auction held by the Auckland brokers. l Most lines sold at late rates, but some I of the best grades showed a slight improvement. Dried sheepskins were t easier by about Id per lb, and salted , sorto also sold at slightly lower values. ' The extent of the appreciation in the , hide and skin market is seen when ; the present prices for old hides, about ; 6.1 d to 6i per lb, are compared with ' the 3§d to 4d paid at this time last 1 year. Similarly cow hides have adj vanced from 2Jd per lb to 3d per lb. 1 The rise in sheepskins has been even ! more marked, and Is equivalent to - about 100 per cent, in some grades. PRICE OF GOLD. ' (UNITED t'RESS ARSorIATIo:) —tl ELECTWC TELEGRAPH— COI'YRII/HT.) LONDON, July 24. Gold <a fine ounce) is quoted as fol-

I j i PRICE OF SILVER. BRMIKIJ UITICI.U. V.'IKXLESS.I | I RUGBY, July 24. Silver <pence an ouncei is quoted - July 22. July 24. Furv-ti-rl .. 18 1-16 18 5-l(i Spot .. 17 15-16 13 7-Jfi

lows: — j: s. d. July 24 . . 6 3 (5 July 20 . . 6 4 (J July 19 ..644 July 18 . . G 4 5 .J July 17 . . 6 4 ,'5 July 15 ..634 July 13 .641 July 12 . 6 4 U