MINING NEWS.

Dominion, Volume 3, Issue 666, 17 November 1909, Page 10

MINING NEWS.

WELLINGTON MINING MABKET. , There was active speculation yesterday .in Vr'aihi Grand Junction shares, which changed hands at £1 17a. td £1 18s.'; no fewer than, eleven transactions being recorded.- Progress and Koss Goldfields shares-were -also in' fair demand. The sales recorded yesterday were'.as under:—. May Queen, 4sl .(third, ca11).,-, . Tairua Broken Hillß, Is.-3d. (second call). :•". : Waihi Grand .Junction, 375.; 375.. 375.. (first' call), 375. 6d., 375. 6d. (second caU!;'-375. '3d., 37a. 6d„ 375. 9d., <385., 38s. (third call). , Waitangi, 35.. 7d (first' call).. Progress, 12's. ljd. ;(third :'caU).-\ " : I- ' Boss Goldfields,. lis;,. : lls.; 3d., Us. (first call). ,' , 'QUOTATIONS.. . The latest quotations, with" laßt recorded sales, were as under:— -' • • . Buyers., Sellers; Sales. • £s. d.' £s,d;\ i£ a. d." Dominion — O iO 5'- — \ Golden Belt 0, l ri .o/ o>l"2'. ■ Kuranui ■■■■'■■ 00 7 00 10 iCuranui Caledonian 0. 1i.7y... : May Queen 0-4 0 0 4»0 Maoriland ' 5 0-0-9.--.0 010, — ijMountain King ■> - —; 0 13 ■.....■ — , N.Z. Crown ...... . 0• 5,■ 9- - 0,6 0 — New Sylvia .» — / .0.5,1 ■ — ■ Eeliance • •; :0-'. 6, 4f, Saxon .........i...... 0 13-.-0-14 ... Tairua Broken Hills ..: 0-1 .3,1-O'. l 4-. -0 1-: 3 Talisman , 2 9 0 '2 10 0 — Waihi - iV.9,16 6-. : - . Waihi Consolidated ...• 0..-3.-0... 0 3 ~.8 Waihi Extended ...— , 0 4 2.,..,.. — ... i Waihi Grand Juhctionj;l 18/0 Al.lß 3\,-'l.lß-.o'. Waitangi 0."'3 6 -"0 3 7' " 0 3 7.' Watchman'. 1 —. 0 2 4 — Con. Goldfields - 015 9 016 6 — Progress 012 0 012 3 012 1J Boss' Goldfields 010 9 .0 11 0 011 0 , STOCK EXCHANGE (By: , Teleeraph— Press . Association.) : J.,-.-: .Auckland, November 16 ,v ' Business at this morning's call of the Exchange included:— . May Queen, 4s. Id. Sylvia, ss. Waiotahi, ss; ' Waitangi Consolidated, 3s. 6d. Kawanga, 6d., ' , Crowh;-63"., •.' ' : Golden Belt (paid), la. Id. Maoriland, 9a. : . : Tairua Broken /Hills, Ib. 3d. .Talisman, 525. Waihi, 198s. , Grand .Junction, 375. 3d., 375. 6d. .' ! Northern Steam . (paid), , 12si Id. The following business was done at the afternoon'.call to-do-v:— , .- . Dixon's Consolidated (con.), 9Jd. -May Queen, 35.. 9d„ 3s. IQd. ' .New Sylvia, 4s. lid. ... , , Waiotahi, 4s. 9d., 4s. lOd. Kaponga, 6d. -■ , Eoyal Oak (con.). Is. sd. ■ : .: !.| , Golden Belt (paid)', Is.- 2d., Is. Id. ,''Golden Belt (con.), Bd.. ; v ■ ■■ Maoriland, Bd. ' ■ Tairna Golden Hills, ss. 6d. . Talisman Consolidated, 60s. Waihi, 198s. Waihi"Beach,-7d. . , , Waihi Extended, 4s„ ,4s. Id., 4s. 2d. ' ' Waihi Grand-Junction, 395.': 3d.,-385. ; 6d., 385.-9 d.. •395." 395. .63." ■ . .

Duntdin, November 15. . Stock Exchanges sales:— Golden Bed, 16s. TVaihi Grand Junotion, 365. 9d.; ,365. 9d., 365. 9d., 38s. ■ (four-> parcels). - ■ ■ .v • ' • Eeported 'sales:—.' • ' -Waihi Grand Junction, 575. 6d„. 375. 6d. ' Eising Sun, 375. 6d. : : MTILBEEFOEOB EBEFS;'WESTLAND. ' IB J Telegraph—Press Association.! ■ ■ 'Hokitika, November 16. • Owing' to the mutilation of a.'telegram re-' ceivcd in Hokitika from Wellington,. a wrong figure occurred in a Press Association telegram .dispatched from here on Saturday night in: •connection with the formation of a company 'to,, work Fidde's asd Baucke's ■ claims in the AVilberforce. Talley. It was stated that a'large Bample of-the -ore assayed by the Mines Department'gave a result of £4 19s. per ton. This should have read £44, 19s. , 4d. , MINING NOTES. _;i. Waihi Grand Junction.—The report for the jfour weeks ended October 2 shows that at No. 3 winze, No. 4 level, the value of No. 4 lode.on ithe footwall. in L the winze was £1 6s. 7d. In !No. 4 winze, it was 39in. wide, and worth £2 < 16s. Sd.; per. ton. , In . No. 6. winze,-'■ tho , MatJha lode is worth'loa. 9d. per ton. In the drive feast, No.-6 lode',- .0, from 180 ft.,' is a - mixture of . quartz and country rock, and as now only .Tock is showing, this drive has been stopped.;. ;A crosscut in the; north wall," nine "feet beyond tho lode formation, only showed country rock. ■In No. J winze, oii No. 6 lode, C, west, the value .of the ore is: £5 18s. Bd. per ton, and in No. 2 jWinzo £2.'25. lid.' 1 This winze will be carried down vertically' until-the -footwall: is reached, 'which will then be,followed. In No. 61 lode, 0 east, No. 7 winze, the value of ore is £2 Is. lid. ..per ton.;-. At No. 5 level, the Martha lode east and west lis of low grade. In the drive east on No. 4 .lode, at the same level, .the ore ,is rworth £1 15s. 2d. per ton: In' No. 8 rise, .No. 4 lode east, the width of the;ore carried-was 22in.' '.'and the value £3. In the drive west; on'the :same' lodei the-value' was £2 45.,8 d..-. In:-the drive west; on No.' 4'lode, crosscut, south. at 174 ft., the, first four, feet was country rook, and the. next seven ore .worth- £3 95.;. and .the last: -three feet 1 again-"country rock. ,-A ■ portion of :the new plant, consisting of 2 tube mills and .eight concentrating tables, is now running, and. the erection-of two more is well'-under' way. '-. -. ' 1 Eising' Sun.—The: contractors' have 'driven 11 feet during the week, making a total of 564 ft. The country is .. still very difficult, and the flow of water hafe increased theroby, slightly retarding progress. 1 . Point Bussell—'The rise is now''up 80ft. The 1 lode and country are , much the 6ame as at last report,, no gold being seen. The stone is heavily charged with mineral of flrst-olass I description. i Kirikiri- Consolidated'nines.—ln the leading stope the leader is from 4'to Sin. in size. Tho quartz is of a rubble formation, and- is will .mineralised. The country has become' firmer, ana is to all appearance of a firsTrclass description for meeting with good. ore. In the second stope, which lias been extended Bft., tho leader IB more defined. The ouartz-shows very good mineral. The country has also- becomo firmer: Iho stope which is being, brought, forward from IJ 10 ,8 „ al ?"F The leader showing JLl ma J 1, .£ ut . well . a e,flncd, and from the appeartime stone-gold may bo met with at any

■Imperial, Empire: .lode ■ HTGrnfTCB ' about 18in., and the quartz broken is favourable for gold, carrying good minerals. Bright mineral Beams arc traversing the country encasing the ■ Monowai-Pour; hundred bags of ore havo been, forwarded to the Thames, 20 of them welshing : sftonfr: 27|owt: 'The''ore is of-fnfr nual ty. All work, in tho nine is confined o breaking .out ore in . the rise at No. .4; .level. top'idTol Is in 152 ft: loivintf 36ft.' to:.dyiTe;to reaofi'th« main- Met' v