MINING NEWS.

Dominion, Volume 3, Issue 752, 26 February 1910, Page 7

MINING NEWS.

'■':'/" WELLINGTON MAEKET.. ) ..Excellent business was Tecorded -at the two sittings of the Exchange yesterday.. Old Haurakls exhibited a further decline, sales bcins made at: 4s. 5d.'■ • Thcro is -an Impression . that theso shares', will. go a ■:ittlo lower before steadying.. Waihi shares touohed £10, which is about. the record price obtained for these shares. The-busi-ness recorded yesterday was as under:— May Queen; 4s. 2d.' (tot call)., / . ,i New Sylvia, 4s. Id; (first callj. ■'• ' .' -.Old'.Bauraki, 45. , Sid., 4s. 6d.,- 4b.. 5Jd. ;nrst call), 4s. 3d. (second call). . Waihi, £10 (first call). . ; •' ' Vaihi Beefs,;Bs. 6d. (second call). --' '.-'.-

■ Waihi Grand Junction, 325. 6d. (firat call), 325. 41a. (second call). .. . '■! -...-..-....

. Waitangi, :2s. Id. (first call). :■'■■; BlacKwater. Mines, 295. (first call): '' Consolidated Goltlflelds, 21b. 3d. (seconfl call). '•.' ■ .; '■■' : .■ -- .' : . ■ :■.

ltoss Goldfields, Bs. 6i.- (first call); Bs.'7id; (second call). :•■ -; . . • ■■;•'. .' ■':::.

'-..-. ■■-..' . ;-;' ■■: QUOTATIONS. ■':■'':-[}'.;■ ■-.'. ~,. ■ ••.'. ':. •-• ■; Buyers. Sellers. 1.-Salcs.' ,: ■■ •'.,.■;. ... .£ e.d. £ B.d. : £,8. d/ Komata. Ecefs .....; 0 0 4 6' 0 : 7-" Kurahui Caledon'n — 01 1 -".' '— Jfiy Queon ...: '0.4.2 0..4 3;.0 4 2' N.Z..Crown. ........._- 0' 410 0.5.0 - .-.- i Now Sylvia. ...'.:...._' . — 0 4 1 0 4 1 Old Hauraki:......;.. 0-4 2 044 04 3 Saion ;.»...._...;-... 0 16 o■■ 1 8 -..-: — TaUeman .; 2 9 6 210 6'-'. - ; ATaihi ....;..;............'9 19 0 —• 10 0 0 .Waihi Eecfs :.... 0 8 6 -—~086 ■Waihi.G'dJunct'n 112 3. 112 9-112 4J' Waitangi ....1.....;....- p. 0 2 3'"o 2 1 BlacUwater. ..:...:....: 1 8.0 '1 9 3-1-'9 0 Oon.Goldflblds ..:.; 110 1 1.6. 11 3 Boss Goldfieldß'.'... 0 8 30; 8"9 0 8-'7j

; : :..-;-.. STOOK , EXCHANGE.;, ~-. ,:'. '■■■:]-- .-••-•;•-AUCKLAND. / ''■;":' '• .-.'" (By Telegraph!— Press' Association.) ■'.'.- ■'■ ■'• ' - : Auckland,. .February .25. ■' , Business, done on tho .-.Stock Erclnngo this inorninß.' irioluded:—•,:V , !'.';'"'. ■ ■ '■ ' .-. .'.' ll ':-Waitanffi;--2a. ,:.;.- ,■',-•:;-..'' !,. ,'•'- 'if ? : iv!.;.'New Sylvia, Ms: 1d.,. 45.; :■■; "■'''■• : ;. -'rvi' -:.'Point'-BusecU;- , :4idi ■■.-:','■ ;-.■■>•.•-■■■:'■■'. Goldfields, 20s. 9d..- 215.-" : ," : ' .: Hauraki,;4s,;6d: to 4s;■■;-;: : .v :.-.; i."; :'i■■■:- ■■: - l May:-Queen,'te4d. .-■;>'. :;'•■;.;.■>-.:>:-:: Kapanga, 9Jd.'. ■ : ' : : :'. : ;-■ :, ;;. ■•• ; «Taifua 3s';:9d^ ; ;- '..Vi-* ! ;" Grand Jundtiori, , 325. 9d. '.■■■:" , -Vi - . ..-.-;■:'.-.:.' vWaihi, £10! ll;,6d. : : '' -<\-'- : > ■'■"■ : -! Waihi EeeJst Consolidated,-.. Ba. • 6d; / ■■' ■ jNew I Zealand , ; Paper,. 21s. ■ 6d. :< ?',; ■,'..:- 'The .following- business was done" at'the afternoon'cal! to-day:—: :: ■::■::;;-._,.''■, -'. '-New -Monowai, is.; lid.---r "<?'"■'■ '■ '■' > : :':v-:. •I Wditangi."' 25. : - ld.-'^.i , -.■■'•■:-':.' s ----.-.'.'.-'.:- -. ;•. :■''- ! ,i ■■: Oonsblidatea.Goldfields,- 215.- > - K 'r--' ;i-;'<"' '; Hauraki. .^Freehold;."^d.■'.-'-' : V.-.*--:'-'-iVOld'.'HanraM,.' 35.. lid., •. - &.'*-9d.'-i'"iv-.y> ; '•■•. ■••. .:Kapangai-9i1;.-:.; ■-"■:': '■'. .--.•■:,-:!' ■■ ■■.'■■ i'•:!:.'"•.,';:.'■. ■ Crown',; , se.i;)V.'''-'--.' - '" : -'--' -' ■■.'.■.-'■'.-.; >"='-.," : -' /'■'■; -'-ji 'iWaihii-^Ols^ed.- '. :--.'.'."-. :- -.:>j :.-r'Waihi'-.'Be'eff;Consolidated; Bai 6dl : ' ' '',! '.; Taranaki Petrplouui, /Bs.'' 6d. '-V > '•■ '■''■ ;'■:'.' ."! Northorii Steamsliip'tcon.),; 65.'5 d .: i: " ! '' :Newj, Zealand 21eV. 6di;' ; ;v jl' : ■:: ; '^ri ; : P;-^; ; ;; VDTOEDiNi;' 1 /';r'i ;"#',. ■;. £:;'

.... , ,■~ ■ : Dunedin, Januarj 25.. , Stockr -Exchange... sales :-Kise ;■ and ;■ , Sliine,. £i 4s.i- f Consolidated, 20s.' 6ij. - .-203.i 6d;;"■OW;-,Haurakii : 4s. .5d.;-"45.,;4d;;'4si ;| '3d ? 4s. 3d., .43... 2d:'; "Waihi' Grand.;JunctibnVi323. j ,3d.; i. Salos..-robortc'd:-Waihi. ! Graiid':JUnctiorii• 325: 9d.' :; t y^: : "r^: : r'i'' K :■"■•■<■ -.>■■-;■.■■ ■■ .•

.|-'.v'-'.^y-v'^..iVDißti6iNe/;?-'v'0.V:- ; ''.';V'j ; " i: v-Vf'vK-/>}•":: * v 'Diiiiidlnj'. January-."^.

.-■Dredging returns:—Jlasterton,:4Soz.'Bdwt.'; Koputal,..2Bp!!i , ;-10dwt.rEl<!ctrio.>II,'- : iißoz. 7dnt.;,. Manuterikia,V22oz.;:..Waikaia,'l96z.' Mfft.j.Mystery ■:Hat, : l7dz.\'ia\vti;-,Central Oharltbn,'Hoz, , ! Sputli-Walkala;.l3oz..34wt.i ■Chicago,. 9o«:'-;i3dwti-->.■•-••..-'.■^..-••pT.-'-.ii'rvv;.;-

..■;;. JUNE itANAGEE's'EEPORTS. F'/' '■ the drive on/the lead-west of ,ithe . break (the;: fpotwall branch) is in'ii good class of country." The quartz stripped and. broken dowii 'aver-; ages fon'r'."inoliea.Vo! heavi)y;."'mineralTs(i"d" strong..colours bt..goid.': Tlia. wlnso below'.this level is down'3s feet on tho hangingwall of the rcef, ; . and anotiic?-,four:-feot,-on,.tlie.fo.otwall, on-wlilch it irill.be:oontinued. .The stppos above No. i are turning ont'a' fair. crush- , ing oirt. in' theT-third and.fourth-.stapes; the -reef averages nine inches,, and-"oc-casional colours of "gold are' seen; ;.in' the' iiiii-stopo two branches are being worked; each producing.-oro .of fair, quality; ' Clot ouro. of gold tiro freely.'seen, -and about' tour pounds of; picked Btone wero selected' iro:n .the.ore broken.-,,..: ■-, ;■'•'• , ~, '

-s Itount-am-Kinj.—ln the ihtermediato level' .the- reef has'been;:takcriC;dowh to 'within' .a; few feet ibf;\ the- , face,',<and 'i 3 ;'.a-:nlce oompaqt ore, meafeorinE from' 0 -.to. 16 inches "in -width." There is'still' a' strong ■ of'.; water ■ coming • -frbm' ■ tab ■face:.: Tho reef; is. carrying good minerals and. shows,'colours :bl: gold when broken down;/. Stopingi"south•*'in■ this' section M , .tho mitie.;,thoro.-i8: hot much,stone'com-' ing. to hand_at':prcsont,,.owing', toi thereof being .disturbed, at /the junctiou' of - ; tho , andesito country. . Stoping'north: The ore , coming to hand shows strong, colour's of gold.. -.-,- Tho -.-plninbcrs - aro,--'stiU • :'cngae«d workingat-.-thoivats, and : the' ;carpentars I ereptinc. tho. framework fori'the stampers.'! HandswortK :! Traitcd.— off'the bo't-' tom'of tho.winse, at the, low, level is 'be- ,, ing continued. Vitt fairly;'" good ■ foaults, iabout"lSlb. of good'specimen'storio: beinfe obtained during' the week.- The , stono-is I rich, and-.should! yield ijoz.-.oi gold-to the !b. of stone.-. The-:loading.'atbpe- has noivattninoda dlßtanbo.of.ZO feet north of tho : winze.- In the Otama, section r a ','consider-'' :ablo.amount;:ofii work is "required -to' bo done; to_ open • ujt tho ; low' level, some'" 700' feet , in length. --'.Phe face can now be bco'h'' with a nice compact' lead showing in eooil country. - The fate must-.besvery close to- 1 tho ITandswprth so that should I ilse Otama lead: provo to be' distinct from i those-worked in;,the Handsworth grounfi, a . s .?^ s i-oouree mdjeates; thero.is'every possibility of gettiai:, : rich;ruhs-of gold from it ln'tho, present- workings, , 't'ue HandE- ; worth crosscuts iiot 'being driven past; the known leads. '■'■ •'!■:;■. ■-■ , .-,'.:■ •.-..- ■;■•■

■:■ .New Waitaia.-»urine the -last week the rise, was holed. uider. tno north end of tho oig.'6topo,at ; No. 6;level.: When- in proper, ivorkmg order., the manager to get a (juanuty of. good crushing- material i'roiri n.-titopiug: W ill: ; also be started off tnii rise>ouch of.'the,.slidp ; at. No.' 5 level.' .In tiie course of another week I.expect to bo able to and Kdcp ■" tlio Saucry.'. running • for some time: on' ,: orfe from thesp.places; ..Tile sands and slimes from :last' orushing should be treated anu the result' to hand this - week. The doiv level is ia 371 feet. \ :; : . -.:■,.■■ ' : ■"' ■ 'V

'■■ Komata.Beefs.—'.[ho miao'Buperintcndent royorts regarding; development' work for; tno four weeks-'ending lJocember 25 that at No. a level, No.'2 reef is 12.inches-wide,', and-.still'poori at: NoV 6 level, No. 2 reef' is li'feet wide, and.Svorth 12s. per tori; at'; So. *5 :level,'.-No.'" 2 reef,'in .the'winzo.'ia .4 feet wido, and. worth; 255. per-: ton;-and at No. 4.level the reef is 6.inches wide," and of poor.'grade.. Btopihff:'No.-:5 ld\tl, :: No. 2 reef,.first sft.' 6in., value; £2 per.ton;. No. 4,level, No. 1 reef/second' block,-.width 6ft., valued f £2 per ton; Thero ■is not. much ore left in this stope. At i<6; , J: level. No'.; 2roef:'first block' is'sii feet: in. width, and wortii £2por ton. This, blook' , is very consistent jin value. V. ■■■.•.-. -.-;.■.