MINING NEWS.

Dominion, Volume 3, Issue 672, 24 November 1909, Page 10

MINING NEWS.

. ' WELLINGTON MINING MARKET.' The .market - displayed a fair amount of activity yesterday, and Grand Junction shares recoived a good deal o£ attention. Talismans were inclined to droop, while Consolidated Goldflelds wore-firm at 16s,- .The day's Bales were, as under;— ■ • Kuranui Caledonian, Is. 3Jd. (first call). Saxon,. Is. 2d. (second call), Is. 3d. (third call). •Talisman, £2 95., £2 Bs. 6d. (first call). Waihi Extended, -Is. (first call). . .Waihi Grand Junction, 30s. 3d. (first call), 385., 38s. 3d. (second call). 38s. 3d.. 38s. Gd. (third call). Consolidated Goldflelds, 16s. (first call), 16s, (third call).. Ross Goldflelds. !os. Od. (second call).

■;'■■'■ >• ; QDOTATIONS; 1 : : -■;•;-;'■'• .-.-';;' The latest quotations, with last recorded sale's, .were as under:— .-.,.'■■.- -. . . .--.';'. '."■'',■ '• ' Buyers. Sellers. Sales. ■■■■•■■■■• £s. d. £s. d. £s. d. Dominion ~.„... — 0 0 4 '—, • Kuranui ......................... o 06 .000 ■■-.—. Kuranui,.Caledonian ... — 0 13 0 13j May.Queen' 0 311 0 4 1■" —' Maorlland ....;.;„.. ;..,., 0 0 7 0 0 9 ' — N.Z. Crown .........;... 0 5 5' 0 5<7 — New Sylvia- 0 5 0 0 5 1 —'• IteUanco : ; — 0 0 4 — 5ax0n:....... 013 013 0 13 Tairua Broken-Hills ... — 0 1 3 — Tairua Golden Hills ... 0 5 0 — . ■ ■— • Talisman 2 e 0 29 0 2 B'6. Waihi ..:.-...:...-.-...-.... 9IS 0" 917 0 ■ —■ • Waihi Consolidated ... 0 4 0 0 4 3 — Waihi Extended 0 4 0 ■ — 0 4 0 Waihi Grand Junction 118 6 118 8 . 118 6 Waitangi ; 0 3 3 0 3 5 — Blackwatcr ;... ...,:.. 1 3 0 — -—:■' Con. Ooldflelds. .......;... 0 16'0 016 .6 . 016 0 Progres3 .; 012 0 "012 0- - Itoss Goldfields 010 6 010 9 010 9 •<> " ; ..';'' ;• STOCK. EXCHANGE. ' ; -, ■ '< (By Telegraph-Press Association.) Auckland, November 23. 1 The following was the business done on the Stock Exchange this morning :— Kuranui Caledonian, Is. 2d., Is. Id. .May Queen, 4s. Sylvia, ss. 2d. Old Alburnian Is. 6d. , Saxon. Is. 3d.- ~',''- -.•■;'■•■;■'■-■■ Watchman, 2a. - •...-■ Tairua, Broken Hills, Is. 3d. . , ■ . Crown, Jis. 4d. ;'• Talisman, 495, '.Maoriland, BJd. Waihi. £9 17s. 6d. .Golden Belt (paid), Mild.: .:'■, \; ■ Grand Junction, 38s. 9d. The following Bales were reported at the afternoon call:— Bendigo, 5d." : Kuranui Caledonian, Is. Id. Monowai, Is. 6d. ■■*■'. «• Now Sylvia, 6s. -,-.-.. Point Russell, 5Jd. Saxon, Is. 3d. ■ ■ -■ Victoria, lid.• - . . Blackwatcr, 225. 6d. '„ , Consolidated Goldflelds, 16a.'-3d. New' Zealand Crown,' 6s. sd; ->. -.■■''■ Golden Belt (paid), lOd. ... Golden Belt (con.),'-'6d..i: ;'. - ; - Talisman Consolidated,.. 49s,''3di- ' Waihi. 1975.'6 d.-' . : •.....: ■-■.'•""■-. ' Waihi' Extended;.''-4V'.•'••-•■■•';■■■'■',. •'.-■ Waihi Grand' Junctions, 395, '•.' Northern steaitf (paid); 12s. v . ... Duriedin, November 23. Stock Exchange sales:— Mantihcrikia; ■ 8s: 9d. Kieo and Shine, 385.. 'Waihi Grand.Junction,.3Bs. 6d., 385.3d. ' Talisman Consolidated (forward delivery), 60s. 3d.. Balcs:reporte'd:— . Waihi Grand Junction, 38s. 6d. Golden Bed,- -14s.- - ' Koputai, 255." ': ' .-'i- - Consolidated .Goldfields, 163., 155.: 9d. . Eoss Goldflelds, Us. , : -

;;... .„' ','■ Mountain King.—At a meeting of tho directors of the liountaiu King Gold Mining Co., held on November 15, it was decided'to-at once proceed with tho. erection ot a battery and cyanide plant.''...•! The'.. whole work, has been put' in the hands of Mr. F; Brown, the well-known battery builder, and he expects ..to start operations next week. It ia expected: that the plant will bo working, order. in'. four months. i.-: ■ ' '.TftihiaV' Golden Hills. The low level' crosscut . is in 618 ft. The country is inoro bloclty. Bhould the downward trend of No. lreef from .No. 5 lovel have but little underlie, as indicated, from the ijinze si'.ii!; from tho latter level, i.he inajsr portion of t ! level can be considered completed. No. J level: Above this level stoping is in progress, with a limited number of men, tho ore brolen being of a. remunerative character. As soon as crashing commences a large staff of mon can be employed in" the blocks abovo No. 3 and (No. 2'level, now. available* for stoping, 1 operations. In the south drive ten.men only arc employed, rendering progress slow; tho footwall of-the'lode looks promising. ' : Waihi •Extended —The S.E.-.'orosscnt is in 477 ft. from thojsbaft. The country was fairly soft, buti is now'.much firmer. .The men have now started to open out on the footwall section) of, No. 1 lode. The Btone broken is heavily mineralised, and of a very promising appearance, -Drives will be' opened out 'uorth^and"south. ''.No. I drivo.'is 333 ft., and another' 40ft.: 1 shpuld: jet ■ under No. 5 winze,'which is now.down/97ft.,:0n '4ft. ! of stone. This : ia 1 ' apparently ,a different run tb;'that whicn'has been followed. ~,. ;■■ ' Kapowai.-rThero .is - iharkcd change,' -and . tho manager thinks Iho'lodo has been mot with: No gold has bpen seen, but the country is simi lar to that''surrounding the'lode formation at • N0..2 level. .There are a good, many mineralised seams;'and a well-defined wall'is showing, which • corrosprnds with-the.dip in.-the upper workings. • There Ms .a heavy.How of";water, which will require to be allowed (Mo to drain off. ~'•;; ;. stope at "■ TJ6. l'l6v'el"eas't 1 has"b'een"adVa'riced'l2ft..,and tho •■ atopresent .looks .much' better-than in the one.immediately below.. -A start has been made to construct the buobeta for tho aerial trams. . . '

Tairua. Leadß.—The main-crosscut h still in' ,very. promising country. Some nice lookinß Quartz ...and;? mineral, veins.-'have been* '.passed through. Work -was commenced on Monday to intersect tlio main level, and a nico lookins reef formation is ''now'.'beini: passed through,' . from : whiclua-'small' prospect can be obtained to the dish. . '•'..••■