MINING NEWS.

Dominion, Volume 3, Issue 662, 12 November 1909, Page 10

MINING NEWS.

■'.; WELLINGTON MINING MAKKET.' . A-fair bnsinoas wiis done yesterday considering, the dull state of the market. • Waihi Grand Junctions dropped to 425. notwithstandine • tho announcement of ; ah excellent •'■' return.' • ' The sales, yesterday were as under:— ; ; ; . . Saxon, Is. 7d; (second call). ' ■ Talißman, ; £Zl2s'. id. (second call), £2 123; 6d, £i IZsT 6d. f (third call). ~ , •■■:■..- • • :•'•Waihi, £9 17.' 6d.. £9 17s. 6di' (flret call);' ■' i 1 Waibi Consolidatol, 4s.Hd; (second, call).. ;: ■ ; Waltangi, 3s. 7d. (first call); Js, 7Jd. (third call). .;Progro6s, 12s. 6d. (first call). 12a. JA.i (second ■;■ Eosj.-.eolWeldi,. 11j, : .J4.( ait Cflrjst call), 12*.

; ■.'.'"". '.'..; ' : "> QooTATibW "•''"'."'■'".'■ j x'': The latest ; quotatlona,.vritW last recorded bMoi. were-aa ■under:—..,..,'.!.., ■-,■■'■ ■• '■ '■ ~.:■: •* •■ ; •,-;■■>•■'■■■:-.•■:■ ■;.. ■■ Buyers. .; Scllcre.' i Bale'i;' • .:■.','.'•, ■•'.■.'.;-. ■■■..•:. --JKs.d; ~£,e. d. iifc'd.Dixon • Consolidated .'.....- o>o B''o.o 10 — . Dominion '.V.........„.-•' 0 0 '5 ' '—'-.' Goldon^Bclt-...;•......;,-„•■.. 10- o'l' : 2'T .'-"• Kuranui Caledonian- ..;'—■■• 0 1-8 I ;—'' : : Majr..Qucen;-<...;:;.;;;...;-:..:.'0''.4: i a;--.'o 4 .'4 ! '-'.?*; Mountain King;'....'..■..»■■—. -0 I' 3' . —'■" N.Z. \Orown.: ..■..'.....'..........■0. s'lo -' — -i • —"■ Jew 5yiTia. , ..;.:...-..;.;.,,:...,.0-;4ll .Vo-.S l 2! •-'■",• Joyal; Oak :......:....■.■.;,...,.:■. oi.a 0 t-tl" "-': : ?axon' .v.:::.......: ...,,.r. 0.1? 6' .0 1- 8, 01-7 Tairna.Brokon Hillc ;..-..0:1 '3 •O.IMI -.-■— '■ Ta1i5man'■■..;............,........ 3 212 2 12'6' tangiaro ■;..'.■.....'...;.■. ..:i'..'...'0 0 : 2 0 0' 3'■..■■ :—'.'. Waihi , / ....;:....:.:...,..,..,, . . 918 0j'..9 17.»6 .Waihi'Consolidated'.-...v..r l - — r-0 4 8 ■ 0-48 Wnihi Extended : o. 4 V :;.8 : -.O 410 .. ■■ '-iWaihi,Grand Junction... — '■'> • '.i-.l j ■•"-■' — •■< Waiotahi, :...:..,..-.:.:...<:.. ,'o/5'.4> -:~l:.:- ■:-■"■ Waitanisi:.'..:...-.;.;..:.,:; i . i ;.;..'0-'5 , 7'.. 0;-3 8 .0.371 natohman ■;■.,.;.■„:...;-;;., i. \...»- Q.-210 ,'.■■ —.• . Con.lOoldnelds,'.:./......... 016 10 ■' -0 17 £ ' - •Jrpgresß- :....:,.,:.-..;.:'.-.;.-. i ,-.:(|.i2> o-y 0 12 fi\v 0 12, 6 Boss Goldflolds-'..:...........'. ;■,-'.—•,. ■ 012 ; 8.:i..0:i2i 0 ''■V/'-.y.Vv-Ai-STOok/EXOHANGE; , - , .'!- ,, -'•'■;;' '■■ •■■•;. i^elccraph-Presa'iAssociatSon.)' , . '/ '■'-.■','■''■■■„'■'- .'■' ' Auckland, November U: ] ■jrhe;.following business:-.was-'done oa'-tho Eronange . 10-day :— ■: . ; ■i■• : ■■■ :■ ~;: i . ■.■■■■■: • Alburnla (con.), Iβ. Bd. .'•' . , : -.-.-C'l'-".,. . .■Saxon; Us.- 7d,- ' '. ■ ■*,:■,■■:.:<■*&'-■■■>'•■■; -...Victoria,:'.ls. 1a: •' ■"■■■■' : --: :<,['■■ ! ■■'-.:■ ■ Weiotahi,'.ss.;'>-5d., ; ss.'. 6d. -.-■ ' -.'A ! ,r -■ Eose,-13s.- ■ •■-;.;■ ■.'-■' '■. '■'•■ :-::V'j';: : - . ■■ ' Prbcress,vi33..3d.'. •■'■■'-■".■''■'."■.'■ '-">, : '' •' Hauralji,. 2s. ■;■ .- . :, '. . '-. \ ■ ■.'.■. i Royal-Oak.fcon.), ls.:Ud. to Is. 8d.,--■ -'■ /..' ... Orovrn,- 6s. to ss. lid. ■: .i ■.'.■.•.■: • ■ .Grand Junction, 435. 6d,- to 9d.' ' • - ;: . ■ :.Waitara; 9Jd/ ■ ■'• *■ '■' ' j-New Zealand -Insurance, 755. ■■'■'. I. ' ' ■ 'The following business wag done .at this afternoon' call:— ■ . ■ • ■■• ■ .i'i ■ : Halcyon,.. 3Jd. ■■ • •'■ -■- ''- --.. .'■■'■.' '. ■. .' ■■'.■■. '. .'■ ■7 ■ Kuranui, Is. 7d. " , - ,■ ='■■. ■:. '■'?■■.■ ,-. ■■.- .' May Qneen, 4s. 3d. ■ ■' ; : ,' .'! ,,; ■■''.' \ New: llonowai, Iβ. lid. " ■■'•'■] '■■ : New' Sylvia, 55.. ■ ■" ' ■ - ■'..'.' Old Alburnia (con.), Is. Bd. '. ■• Saxon, Iβ.. 6d. ■ . ■ '. .'' '■ Scandinavian, 2d. '• • : " ; ■'■' : Victoria, Is. Cd. ' .'■•• '" '■'■ '. Waiotahi, ss. 5d., sg. 6d. ' • ■ '' ■ Waitangi Consolidated,-3s. 7d'.'■ • '' Consolidated Goldflelds, 17b. ■ ■'■"'.' '■'<■.• ' Ross-G6ldfie!dsi'.;i2e. Ud,. . ..'.. j- ';. t Welconip,.2d. o ':'■:,..' '.' ,| ■ '■ New .Zealand 1 Orown, is;' "'. ■■"' T ""i ■ ''■ Golden-Belt; (paid), la. id.' ' '■ ■ " , ■/■'.!•. ' Goldea;Be!t'(con.),,Bd;'- .-■■ ; -. ■;■ ■ "■•;. ; MaoHland, 9d.•-. ■•■■ -:■-■ ■'..■ i. ■ Tairua Broken Hill,-15. , .2d.•• '< ■■ ■ ■■: Talisman Consolidated,'s2s. 9d . "S'■ • ' Waihi.Consolidated, 4ij. 6d. '■•' ; ' '.' _ . '.TCaihi Grand Jnnctions",' 425. 3d.-, 425. 6(1. ■ ' ,Waihi Grand Junction option, 20s!- ' ■ i" . '■■ HaD'daworth, lid. ' . ■'■■ - -. ' ' : , Mountain.Kinr (con.),, lid., IOJd. i ■ , : Now.• Zealand Insurance', 755, i'. , ':' '■ : Auckland Gas (new),-, 255.' 6d. -. -

; •:■ ■■ ■••' y-' : ' •■';, Diinodln,. November 11; Stook; Exchange Bales:— : ••':■■ j- ..-■'■■' ■ Goldeji Bed,- 15s 1 . (three parcels), i '■'• ■-.'•'. Kurauui;Galedonian, Iβ: 4d., Is. 6d. ' ,>Waihi. Extended;-4b. lid., (two oarccls). '• ■ Waihi,. Grand; Junction, 44a. 6a., W, 425., 6d. 42s:'6d'., 41b. ,9d.i .-. '-.-.. . ' fl - ■.--.■' Standard. Insurance,' 225. 6d. ' "Eeported-sales:— -.' ■••. ■.■.-,'< ~'.:'.' - : . :■. Talisman Consolidated; 525., ■ 52a. 3d. V-- - ■'• ..Westpprt'-00a1,;65. 3d.',■ ' '..' ■ ■•'■■' .'i'r

• ; -;.' '■■''/ .EEPO£tED : ..GOIiD FIND. ~;■ (By Teleßraph.-Speoial;Correspo'naent.) '';' '♦-■■'■■. ■'•■■";•■■ '~■ :> Auckland, November : It .is; reported that ; gold has, beW discovered at.'Paparoa, near. Maungaturoto. ! Further prosjtecting. is said; to.'be in progress, and claims are, being .■ pegged out. The discoverers of . the gold' have ■ not'. , disclosed;- the; locality I of .:the find.. ■ •■':,:;:;.'. : :r; ..'..■■■... j "■.'. ... v -;., : WAIHi; GBAND: JUNCTION EETUEN. .1.,' :•■'•"• (By Tolccraph.rVVrin Aaieolation.) -: ■ \Y..Auckland, November 11;.' The result.of the crushing at thd wiihi Grand Junction; Company's ; mine: for'the past' month ;WaS,: very,, satisfactory, .as, 35 -stampers, running for' 24 days; treated 472!,.t0n5' o! Core, whitii : yielded .bullion svalued! at £10,160.', lii addition, another. ,£lo2fr .15a. 'was obtained iroih the slag accumulation. • .. •■ ;•• .;•• ; .'• ■■-~'

■;.-. '-■' -;^{./;■ '• i 'HINING. NOTES, ■],- ;■ •' ..';;•.' Wai6lihJ. ; rStpping , 'on;the , 'dr'ppper above tjie' No/5' level 'is.producing.fair crushing' dirt.. Cure, reef::■ The' ftfth ; stopo' has. been,'carried weetiof the rise; for, a distance'.of.4Jft.',,ana go.od colours' .of.-/epld. are seen in" the euarta broken. Interjncdiatei.leyel: ■ The • drivo cast from'fee .rise, on the "junction of,the, main reef and hahgiscwaU leaderMs: in-, 16ft... Good colours 'of "gold hxii ■been, seen in the • main.-.reef, .and also" in th'e hangingwall ..leader.'•■''. No. 4;leveli. The, second elope, on the, hangingwall leader has, beon carried west, from tue rise for a distance, of 44ft. Opod.';dabß'.'of ;Kpld are .'frequentlyrseen, aqd durinsi the' ■week , ,61b'.' of,'picked', stone '.were obtained. : • <,The ■ Bccond < . etope • cast . from ; the; crpssct(l;.h!iß also'; been 'in proKTQss, , ■ and hoe been carried in: this direction fo"r a distinco of 113 ft.. Good, crushing..dirt is coming to: hand, There ia no'w'abpnt Mft. between the two.Jaees. Driving: on the quart* met Mih. in; the fpotwall of. tho hangingwall leador is beinp; continued. The;quartz met with liere, willprpbdbly prove to bo thehangingwaHportipnr'ofithe'main reef. : Tatagiard.—Opcratiops have been' oontinucd on ,the >'Golden ;Bhor,ereof Jthroueli;'geod < andejito country. The drivo :.is now; in a; Mtal, , .distance of, 506 ft ., -from the: crctesctet:-,.-. The !re*f- in-tho , face; is .about ;15iri.'in thiclnieee, ehowirig the. right class of bright", mineral! andj good prospects of gqld-.by crußhing..the,: ore. ; A has■; been made to drive.' on' tho' leader from the' Golden, Shore reef to" Rot undorae&tti !' where Bpld; was'. obtained. - - Operations have bcen\resnmedon',thc/npw. reef, in the . Smithy low >level; and.the drivo is' in a total distance of 256ft.:.fr0m.-the The' ted is .still a; bit. mullocky,; lmt .is..• sTiowinu \signs of Improvement, in the fuce.,. Prospects ot\ gold have been obtained;.' "' ■;". -.., . .--.<; -, ; Mabrilahd.—Thadriyenorth'oh the Young.New Zealand, reef-has -been, extended ■'&' total of 40ft.' Thcmineralised poitioD continues to showstronE dabs, and :cblonrs of gold fovery breaking down. The(;south drive has-been extended a total of 37ft.; The mir.or.alised portion of tKe reef on the-fodtwaU. continues ,to.,.shpw a Httle ■ gold.' The\ south".: arive; has been, extended .for the weeka -total of .lift. , -Mineralised 'stone •" is now makinp in tho Jfootwall. •.' At. the bMiery Nor 2 vat and two,sump.i fill be-cqmp'.ljtea , next week, and when No. 1 vat hae beoh taken up'the mill ,-wffl-be' r'eady , to .start-.crushing.').'.