MINING NEWS.

Dominion, Volume 4, Issue 972, 12 November 1910, Page 13

MINING NEWS.

■ WELLINGTON SHAKE JIABKET. Waihi shares experienced a stronK advance yesterday on reports tliat a reef, had been struck in new ground. Waihis sold on Thursday at £5 18s., and yesterday they realised £6 55., an improvement of 76. in twenty-four hours. Waihi Grand Junctions were also slightly firmer. The sales recorded were as'under;— New Sylvia, 3s. lOd. (third call). Txilisraan, 535. 6d. (second call). Waihi, £6 le., £6 3s. (first call); £6 4s. (second call); £6 4s. 6d., £6 55., £6 55., £6 4s. 6d. (third call). > Waihi Grand Junction, 325. 3d. (second ca.ll); 325. 3d., 31s. 3d. (third call). Consolidated Goldfields, 20s. 3d. (third call). Rose Goldfields, 2s. Bd., 2s. 9d. (first call). The quotations and last sales were as under Buyers. Sellers. Sales. £s. d. £s. d. £s. d. Ivuranul — 0 0 6 — Kuranui Oaled'n ... 0 1 3 0 1 6 — May Queen 0 3 3 0 3 6 — New Sylvia 039 03 10 03 10 Saxon 0 13 0 16 - Talisman 213 3 213 9 213 6 Talisman (new) ... — 115 6 — Waihi 6 4 0 6 4 6 6 4 6 Waihi G'd. June. ... 112 0 112 3 112 3 Waitangi 0 17 0 19 — Watchman 0 211 0 3 3 — Bremnc-r's 0.0 9 — — Con. Goldfields - 10 3 10 3 Progress 013 0 014 3 — Rose Goldfields 0 2 7 0 2 9 0 2 9 STOCK EXCHANGE. (By 'Telegraph.—Press Association.) Aucklandi November 11. - Business done on 'Change to-day:—. May Queen, 3s. 4d. Sylvia, 3s. 9d. Waiotahi, 3s. 2d. Crown, 4s. 4d. Golden Bell (paid), 5Jd.; ditto (eon.), 4id. Ttiirua Broken Hills, 13. 2d. £2 12s. 6d. Waihi, £6 ss. to £6 6s> • Grand Junction, £1 12b, 6d. Mountain King, 7£d. National B&nk, £5 17s. 3d. The following business was dofco at the 3.15 p.m. coll to-day:— Bonanza, Sd. Consolidated Goldfields, £1 Os. 3d. Golden Belt (con.), sd. r Waihi, £6 6f1., £6 75., £6 7s. 6d.. £6 6a. Waihi Grand Junction, £1 12s. 6d„ £1 12s. 9d.. Handsworth, 6d. New Sylvia, 3s. lid. 1 Waiotahi, 3s. 2d. Westport Coal, £6 123.. Dunedln, November 11. Stock Exchange sales;— Watchman,'3s. 2d., 3s. 2d. Wflihi, £6 35.. £6 55., £6 ss. 3d. Sales reported:— Waihi. Grnr.d Junction, £1 12s. Mopgiel Woollen, £3 ICa. National Insurance, £1 14s. National Bank, £5 i6s. THE WAIHI COMPANY* A NEW REEF STRUCK. (By Telegraph.—Press Association,) Auckland, November 11. Following upon the drop in Waihi sharee yerterrtay an improvement set in to-day, soles being made at tho third call up to £6 Bs. There have been persistent rumours about .to-day that a new reef has been cut into four feet, and shows mineral for that distance, but nothing of an authoritative nature has transpired regarding it. The Waihi correspondent of the "Star" v wired this afternoon:—"An o.re body ha's been struck in the south-east crosscut at No. 9 level of the Waihi Company's mine, which is beine put in to intersect the Union nnd Systom reefs." .

Tho Waihi Gold Mining Company's return for t-li© four-weekly period ended October 29 is £68.293 from 35,733 tons, making the total obtained from-the mine to date, £8,952,514. The Waihi correspondent of the ."Herald"' telegraphed to-nisht:—The prospecting of the crosscnt is being advanced in a southeasterly direction, with a view to exploiting the large area of. virgin country in the section, of the "Waihi Goldmining Company's property at No. 9 plan. A new make of ouartz lias been pierced at a depth of iOOOft, 8o far about seven or eight feet of nice-looking mineral ore has been expoeed with only one wa-U to hand,, and, from its appearance, should givo "eatißfactory. values. Further development will be necessary to determine the importance of the discovery, but it may be said.jfoeanwhile, that the exposure of a lode in this section of the mine is crtreTneiy gratifying, and points to the possibilities ahead in the hitherto unexplored- :of the companv's large area, which consists of close on 800 acres, and upon which no work lias been done for, many years. Almost concurrent with tlie discovery of the new reef, a further ninke of ounrtz has been met with on tho Edward lode beyond what ftpreared, to be the wall at the 1000 ft. level. Tho oro here also looks well,, but more will have to be done befote anything definite can be said concerning the importance of the development. DREDGING. ißy Telegraph.—Press Association.! DUnedin, November 11, Dredging returns:—Koputai. 38oz. ldwt; Central Charlton, 220z.; Lady Roxburgh, 15oz. 4dwt.; Masterton, Most. 16dWfc.; Waikaia, Boz. 3dwt.;, Mystery Flat, Boz. 2dwt.