MINING NEWS.

Dominion, Volume 2, Issue 526, 5 June 1909, Page 7

MINING NEWS.

BLACEWATBE MINES! OUTPUT AND : "■;,.;. ~ : \;--EESEEVES. ■.■'■-..■ '"■■■■ ■ ■

(by TKJtottirn—rums issociatios^

W Bi-'w ! " • Reefton, June 4. . Theßlackwater mines were inspeoted.yester. day by the "Inangab.ua Times' 5 special reporter. The-reef has been driven on.for 3000 feet, afld is from three to ten feet wide. Tho depth, h&V been'.proved to 450 feet for th« whole length .of the reef, and it is going down strong underfoot,, which augers well for its .permanency.-It is calculated that ore to last three years at least, is in , sight over ■' No. 3 level alone. It is intended to carry out further sinking immediately, so that similar-quan-■tiHes-ef ore reserves shall always bo maintained ahead of mill requirements. -The property is equipped with.Bo head of stampers, and the rednotion works are stated to be the most complete; and r modern:, gold-saving : plant in the Dominion. .The present output will be largely jnoreased directly the- tube mill is completed. The present.mpnthly, output is valued at .equal to lldwt. or «s. per ton.. The working expenses ;are roughly. 3Jdwt. ■ or 14s. per ton leaving a net profit of £{000 per month.

'■■■'[:■ :''->: : :r\:■" '■ ' d ? edg ?ng; ; ■■■•'"■;.^,.■■■'■■ vA : (•! ;1.: : -''i.- ''ili : 'S- '' i June 4.> Roxburgh, 61oi Bdwt.; Masteton, 51oz. 7dwt,; Mystery Flat 46w. Bdwt.; Electrio No. 2- 31oz. fidwt.-j.Kopn' Itai )v 24o;i. sdwt.; Electric No. 1 220z. ■ 18dwt.j New Eoxburgh Jubilee, 21oz. sdwt.; Waikaia, 18oz. lidwt;;, Chicago, ,14oz. 2dwt.; Central Charlton, 13oz. Bdwt; South Waikaia,: 12oa 14dwt.^/->M.'.;■•'•: : "-:..~'i :':'■■>.' : : .\ ,-■■ ■■ '

STOCK EXCHANGE,

,>(BI MMraRAfH—ritESS AS.IOCIATIOM.) > : ■■.'"■■■ .-V.:-'-' , - • dunedin, June 4. Stock Exchange sales:—Waihi Grand Junction,; £&. 65.; Talisman Consolidated; £2 12s. l}d., ,£2 12s. Ijd.; Waihi: Extended, 6a. 6d.: Sales are reported of Eoxburgh Amalgamated (contrib), 65." '.;'-';-,.V'-"; ■■/.,,. '

AUCKLAND' STOCK EXCHANGE.

. " -.."■ (»T TItEQEApn—PUiaS »83OClATlbS.i ' • ■ ' : ■' : Auckland, June 4. -vA fair tone prevailed upon the share market to-day. In the investment line Bank of New Zealands were done at £S 2s. 6d., with sellers at 4s. and buyers iat Js. New Zealand Insurances sold at 77s\, late sellers closing at 78S. 6d., and buyers at- ?X 3d.' In miscellaneous stocks Auckland : Tramways (ordinary , ) changed hands at 21s. Sd. . In mining lines Talismans were disposed at 535.; sellers quoted 53s and buyers :525. 9d. Waihis sold at from it 3s- 6d. to <£9 35., with sellers atBs. ana buyers at £9 2s. 6d, Waihi Grand Junctions changed hands at from 465. : 3d. to 4es,-to 45e.-9d.-to 465. to-455.-9d-to 465. to'4ss; 6d. to 46si to 455; 9d. to 465. to 455. 9d. to 46s to 45s adj with late sellers at 455. 9d. and buyers at 45s 3d.. Waihi Grand Junction'op tions were dene at 205.. 3d. ...... .. ■