MINING NEWS.

Dominion, Volume 3, Issue 750, 24 February 1910, Page 9

MINING NEWS.

WELLINGTON SEAEE MAEKET . . Business in mining "shares was on the quiet side' yesterday! : A ; few coverinc sales of Old Hauraki Tvcre made, and tlie general, belie! is that these shares tj'Jl'-bo lower. The day's "sales were as under:— , N.Z. Crown, 45. ; 9d. (third call). . Old, Hauralti, ss. Id,,' ss. (second call) Ai. iOd., 4s'. 10(1., 4s. lOd. (third call). . ,: Sa'xon, Is. 7d. (third.call);" .Waihi, £9 IBs. (first call). . ; Walhi Grand- Junction, 325. ; 6d. . (flrstcall). ' ! ■' Waitangi, 2s. (third call). ' QUOTATIONS.. ' / , '■ ' Buyers. 1 Boilerß. . Sales.' ~ , : • £ s.d.. £s. d. £s. d. Kuranui-.Oalodon'n : 0 1 : - 7 . . ■■ May, Queen ■ - 0 4 6 : -Kaoriland .............. 0 0 6 ' o,'o 7 - — N.Z. Grown 0 4 8 .0 411 0-4 9. New Sylvia , 0 3 8. — . , ■-r Old Hauraki 0"4 9 0 410 0 410 ;.. -0 1 6 0 1.7 0 1' 7 Tairua Broken Hills ■ — 0 1'.2 ■ Talisman 210 9 . — '. Waihi.. ~...... 917 6 919 0 ; - \Vaihi Reefs :0: 7; 6 0 8 0., — Walhi G'd Junct'n -, 112.6 1-12...6-. Waitangi 0 110 ' 0 2.2 0 2 0 Blackwater '....,18-6, 1 9 .3 ■ Boss Goldflclds ■;.. • 090, ' . —- Con.' .Goldfields. ... 1:1 .6 ~1.2 0. . - , 'The Weilington Stobk- Bxchanga received the following wire yesterday:—"Managenicnt. Ross Goldfields reports .drive at sixth level'disclosed, and-.pumps working well." .The Wellington Stock Exchange'will closo. at 1 p.m. to-morrow on • account of . "tho visit of Lord Eitchenor. . - , , i :. AUCKLAND. .. • . |..<By : TelegraDh.-TPress Association.) • Auckland, .February 23., ■ The following business :was done at the. afternoon call, to-day:— •• : ; -, ,-. - -; ;' New Sylvia, 3s. 10d.',,, . ■ : Occidental, lid.", , , 'Old' Albhrnia' : (don.),'ls. 4d. ' Saxon,- Is. :3d;" .'- : Consolidated Goldfields.- .225., 22a. '3d.. Old. Hauraki, "65.,-,45. 'lid.,> 4b. lOd., 4b.- 9d.',' 4s. Ed., 4s. 7d., 4s. Bd.. . Tairua Broken Hills, Is. . r. - Talisman' Consolidated, ,61s. <1. . Waihi, 2015.. " " - ' Waihi Extended,' 3s. 'Sd.-' 1 . -' ' Waihi Grand' Junction, 325;-9d. " • ; Auckland -Gas,-, 3115." 6d, •

• : v SHARES AND DEBENTURES. | " By Telegraph—Press Association—Gobyrieht; *; y .. • London,' February 22. . Bfthk :of,.Australasia^shareß are ..quoted' at: Buyers, £112 10s.; sellers,'£ll3'loa. }•, New Zealand Loan and; Mercantile debentures,-. : £96.> : ' . - ' / ; y ; v ••'iv. v: '*V'i ■ vTAJDISMAW.' ; It'; is o'fficiallylannouhced •, that*. tbe ; Talis-manymanagem6iit-,lias.;now, .driven >about one .hundred .foot; oh; the;',new., Bhoot' .of. oro.at -No. : 13.south.' t . f The'reef has .varied; from two to Bil "fdet, .in widthj and is all of high-grade 'ore,' although naturally thoro aro variations ' in the. values. - The facd-is now'in 'abou't '4.feet"of ore,.which,; though not quit©', as high grade as'it-was; (furthor back . in :, .tho drive, l is a till .a long way over the -average .of the mine. Gross* cuts are being gradually, put out in this part - of, the', mine tor-the. westward,' jrith a-' view.,at"' both : N0..-. 13 r and,-12 lovcls - of locating parallel pre; bodies, >il:i any, and,; .although nothing' of payable, nature. : has been discovered' go far; indications, aro; certainly, such" as to warrant' further devolopmorit' work ■in 'this direction'; ;',The. three winze's, Nos* 5,,' 8,,, and .12, sunk .in the -Bonanza, seotion .from-No.. 13 level, have all reached water, 1 and -a ■ pump 'is ■ being installed in No.'l 2' with'. a view to carrying off,the pressure'of tfat«r at;the: bottom, of the; Talisman shaft. This, when in position; i should ; enablo- the ■work, .. of sinking the shaft to : '.the level .to bo, rosumcd., .In ,N6. 6;winze.:which, iq.being. Bt&rtcd 100 feot' north of 'No.;' 5 winze, at the northern end of 'the llonanza' scotion, good: ore has been so far',carried : down of an>;avcragO'.'width of . about. 3 feot.-'Drivr ing ;in '.-the.. Woodstock • section at No., -12 •is: being pushed on with very erratic,,.re-, suits, many ■; faults .having, dislocated this reef considerably.'' "In' this part of 1 the mine, ■ however,-.tho old Woodstock Oom■pany dida considerable amountof storing overhead,' and :the 'drive 'at Ko. 12' level is now in practically unexplored country.

V:' .; MINE MANAGERS' KEPORT9. . ■ Dixon's Consolldated -In thQ drivo south the reof still looks well, and when breaking down j in the* early ' part ,'of: the week a-' few : pounds of picked ."stone ■ were obtained. ' -The winze :on the -main reef, hadattaincd a total depth of . 27ft. The, reef is carrying good minerals and' bearinsr. a very, promising ip'pearanco.-'j

• Kur'ahui.—ln' .'the' Eureka section ol tho Blytlie low level quartz stringers are .seen running parallel with the'drivq. -At the orosscut west, the -reef .- was. stripped-jancl the'quartz taken'-.down': and t-paddockea.'; The lootwaU- and- hangingwall portions, of: the- reef-are, now- soparated-, by .about-3it.' of 'country,- andj-'haye: every 'annearanco; of being two: separate.reefs; At'the- stopo west the BmaUot- leader ,on . hanging-' wall was giving-good minorallseu dirtilast week.' i' ■ :, ' • ''. "-1"; : 'i •,

'■ Kuranui Caledonian. —At the .cross.leader, a start has been made: to drive, south from, tho top. of. the rise; which is. {Oftabove Graham's/level; '- So..far the cross leader has its Bize, but has, not improved'. in value. A' second stope t has : been . driven 'on. the ( .focitwall: loader' 16ft. over'where tho gold was seen in ,the leader wlion driving No.' l: stope.: but asthe- leader has: ; pinohcd* .rather small-..and has not improved: in "value, the. manager; hab *. suspended operations ,oni- it tor tho present and started: to prospect n. rather, promising -Binl leader; that was< intersected in Kelly's crosscut; about 20ft. south of the'. Moanataiari tunnel.

Now Success.—The., intermediate level.; above No. 2 level has been extonded '4ft; going north. '.The'leader is still imnrovihg.; It was .showing strong': colours of nold /when.' broken:down.' Strong eolours of <old ' are "visible about; 10ft; alontt- tho back of tho 'rise. In No.' 1 level there is a leader. .running east ; and " carrying;: good prospects of gold.: ■ This haa been :driven on a distance of.,7ft, . Daldy'B leader has' boon : stopped for tho present, - but will be ■started again shortly. ■ s,v'.';' 7 .'

Watchman^—A' start, was mado.to drive', ,on; .the .hangingwall 'bf :the big 'reef in a westerly direction, and' the face -advanced 12ft.. through a'nice :body: of auartz.:-.'Al--though, of a harder: description to - that in tbo-.eastern face; "some -mineral of a good; 'class-:,togcthor with, sulphides., was seen freely,..:,'

. Now Waitaia.—Driving ; has been continued for-,the' week on" .the side' of. the blow/at No.is level.v The Btono,-is show-" -ing small'dabs' of gold. The;cleaninz' up of 62.tons crushed took'place' on Saturday; and to-day this was melted for a' return of 49ioz. -of plato -gold. - 'The contractors .for:'the-low level have-driven: 15ft. for tho week, making. a total, distance of 357 ft;

'Handsworth TJnited;— I The loading : stopo south from the winzo at the low level is timbered up for 30ft.. A' fiat auartz formation is dipping into it, and disturbed tho lead, but it : is clear of this in ; the bock of tho, stope. ... Yery^igood .progress has been made 'with the .cleaning up of the No. 3- lrene -level, ,the -lino ; being , laid up to t.he face, and. little more remains to be done, to put'this -in: good working order.; . ' •■: • ..

• Missouri Mines,-Limited*—The'country .is still oxcellent andesite, heavily • chirr/sod with' minerals. The, reef opened out to a strong body of .ore,-while'the quartz very kindly, • carrying excellent 'class minerals and seams of.sulphido.' The footwall portion of the reef shows • a T .fair prospect of gold by . dish and mortor tests; The hangingwall' portion shows gold, but' is not- as-'encouraging - as the • footwall. The reef has every appearance of : increasing in size, as the level-is advanced. ':

• Mountain'King.—North at-the intermcdiato level-the. country is still excellent andesite. . The reef, has. overy, appearance of a' strong body of. ore.Tho reef will be' taken down early, noxt ; week.- 1 Stoping south, the reef ' is slightly, disturbed, 'owing to the change :in the country, the -andesito lying : on ; top ;'of..the -slate. -.Another stope : will; reach the/ andesite country, where the reef wilbbecome a compact body of ore again, and at this point the reef carried; good values;in'.'the. rise! - Stoping norths, the reef Btill shows colours- 1 of cold when .taken down. • •

"Slaughter weok at' the' D.1.0.". acnongst the aggregation -. of "left-overs" from' tho recent sale is the Bubje'ot of an advertise-ment-in., another column.' ■• •* :■ Tenders are invited by Mr.'P. o..'Fiddy, Lowe. Street, Gisborno, (liquidator in the Civil Servico and' Oltizenß' Co-op. Bakery,Limited,. for .the purchaso of the plant,, stooki in trai'.o, and goodwill of the business now being carried on. by, tho above society-its.'a going conccrn. Full particulars are-advertised.; Sinco tho" removal of -Mr.. H; D.' Bell's house from its sito on Golder's Hill many inquiries "have been made 1 in' estate -oircles: as .'to: whether this'' dcsirablo ' rosldonlial property - would eomo into-the market.. This question is now settled" as tho ownbrs have instructed. Ifessrs. . W. H. -Turnbull' and Co. to sell tho land by public, auction on Friday, ifareh 11. It, has been' divided Into four: sections, each with ; a frontage of about .forty; feot.Perfect views ( arc commanded by-oach : sootion,*ahd the situa•tion can fiafely be described as olio of the' sunniest in Thorndon.' A feature of tho auction will bo tho announcement of the upset priceß of each-lot befora 1 tho eale.' Full partioulars may bo obtained from' the auctl'oncoro.