MINING NEWS. Grahamstown, Thursday.

Daily Southern Cross, Volume XXVII, Issue 4401, 22 September 1871, Page 3

MINING NEWS. Grahamstown, Thursday.

Nonpareil. — The further the development of this mine on the bottom level is proceeded with, the better are the prospects met with of rich and permanent yields. A large section of country retioulated with golden quartz veins has been opened up, and I am of opinion that, if the company could command cheap crushing power, every square yard of this country would pay to put through the batteries. As the level is opened now four leaders are exposed, eacK of them richly gold-bearing, and between two and three feet in thickness. They are confined to a strip of country of say from forty to fifty feet wide, and are, I think, simply parts of a main lode which, although broken where now in hand, will make into one solid body of stone as it runs deeper. Two of the leaders are parallel to each other, and strike and dip into the Central Italy mine ; Ihe third diverges a little and is heading for the Italian mine, but dips towards the Central. The fourth is a cross vein. The three first have been considerably opened up, and are being both followed and stoped with excellent results, as is shown by the tables of the machine and the daily takes of specimens. No. 3 leader is termed the mam lode, and is being followed towards the Waiteraata mine as well aa the other way. Towards the Waitemata it makes large and shows gold, and also throws off many small branches to the north-west, and these branches are assumed to be payable. Taking it altogether it is a queer piece of country to work, and will tax the skill of the mining manager. If circumstances were favourable to the process, taking the ground out on a face would be the better course to pursue. I am very sanguine that the Nonpareil mine will shortly occupy a very high position in the market, and for a long time to come be a fruitful source of profit to shareholders. All Nations.— First-rate stone was met with last night in the main lode on the bottom level towards the Junction boundary. A lot of specimens have been taken out of the place. Mr. Hassen, the manager, is of opinion that he has struck the shot of gold which was cut close to the Junction boundary on the 200 - feet level, and there yielded rich stone. It appeared to come out of the Junction ground, and dipped sharply into the big block that is now commanded by the bottom or 280 ft. level. Waiotahi Company (Limited), late Waiotaiii Association. — The tribute cleaned-up yesterday, and retorted to-day, obtaining 121 .£oz, of gold, the proceeds of a fortnight's crushing with eight head of stamps. ~

CoROMANDEt, September 20. 38fOZ. of cleau retorted gold was seat up by Mr. Cadmau from the is il Desperandum Company's mine, Coromandel, to Mr. Wallis, the mine manager, being the result of a crushing of 18 tons of stuff from the leader lately cut in that mine. This is just twice as much as the stuff was expected to turn out ; and, from the size of the lode and the quantity of stuff that can be taken oat shortly, the mine will rank amongst the best on the field. — [A Correspondent.]

Aii extraordinary meeting of the shareholders of the Little Angel Goldmiuing Company is announced to'be held at Grahamstown, at half-past seven o'clock, on the lOch October, for the purpose of authorising the disposal of shares offl the compauy m its capital stock. A call of 3il. per share has been made in the Just-in-Time Goldniining Company, payable at the company's office on or before the 4th October,