THE NORTHERN GOLDFIELDS.

Evening Post, Volume LXIV, Issue 47, 23 August 1902, Page 4 (Supplement)

THE NORTHERN GOLDFIELDS.

Tairua Broken Hills has declared its fourth 3d dividend. The manager reports that during July the low level was advanced 80ft, the ore coming to grass being of a highly-payable qtality. A distance of 500 ft now intervenes between the south face and the furthest point northward. A contract has been let to sink a winze upon the reef to 80ft below the low level, and 25ft have been sunk. The ore from here is of good payable quality, improving as the winze goes down. The workable backs from tho Bottom of the winte will be 725 ft. Stoping has proceeded satisfactorily in the low and intermediate levels. Thewimto on the Night Lode is down 56ft, in ort of a payable quality. The manager con cludos his report by stating that tho ore broken out from the low level duriny the past week is the richest general dirt he has ever seen. The last return is £2420 from 500 tons.

Recent developments at the Te PukrGold Reefs Company are of a most en oouraging nature. The adits have a/! been retirrtbered, and the mine put thoroughly in order At the intermedia*level tho new drive to the north prov • the reaf to keep its immense si».e, behi. over 60ft through. The whole of tl' quartz is of th» best quality and eqiui! to the best in the upper levels, s thuadding enormously to the value of tl».e ore in view. From samples taken from the reef lately by the Hon. Willim,, Kelly, M.L.C., assays of £43 16s and £32 2s 6d were obtained, and a samp' 1 from the tipbead went over £13 to tl'< ton. Sub-inspector Ryan's report 0; recent development works is very sn. guine of large bullion results as sixas a battery is at work on tha ree\ which he describes as a second Waihi. For a week past Mr, E. J. Dunne, Australian geologist and expeit, 1 * has been engaged thoioughly inspecting and teeing the value of the reef, and it is understood his report is eminently satisfactory, and that Australian capital will Be at once available to develop the property and erect the requisite machine^ . Recent developments have instilled fre-li life into the field, and a number of holdings have been applied for and prospecting started on Beveral of the outside claims.

In the Kuranui, Thames, an 18m lo.i* has been cut in the top of the rise fro>» the tunnel level and in the footwull t f the reef the rise is going vp t As the new lode appears to be moro uprk' 111 1 than the other it is likely that the two may make into one going' upwards, when a strong body of ore would .ikely be availaoie for working on. The new-* Unlc has a very promising appearance, and u>i it is coming in contact with theonebeinrisen on the prospect of meeting wit ft a rut. of gold ia considered hy the mtit>ager to be very good. In a circular to shareholders, the Wttihi directors mnke the following' somewhat equivocal statement of their experience of the contract system. They state that "for some time past it had been the wish o! the management to extend tbe contract sjstem at the mine worl«. Th;* system was believed to be of advantar* to the industrious miner and to tho coin pany, and would expedite the work • but while it was better all round it a 11. pearcd to cause a temporary intonvemence, inasmuch us it would be more difficult to« regulate the- amount 0! each monthly return. The contractors had to send to -the mill a fixed qiinntit* ea\U month and the quality of ore miiiet) h\ the contractors not being uniform won a] necessarily cause a variance ia the value of the monthly return*."