MINING AND DREDGING

Evening Post, Issue 122, 26 May 1933, Page 10

MINING AND DREDGING

REPORTS AND SALES

• Golden Dawn, Ltd., reports to the Wellington Stock Exchange that for the 12 working days to May 20, 385 tons were treated for £763 gold, valued at £4 per oz. On No. 3 level the drive north on No. 3 reef has been driven 21ft, total 355 ft; that north on branch reef off No. 3 reef at north end of stopes'loft, total 10ft; and that south on No. 3 reef from south end of south stopes 7ft, total 31ft. The reefs average 12, 14, and'lo inches respectively. Stopiug has been carried on in two blocks on No. 1 reef, and in three blocks on No. 3 reef with machines working three shifts. The reefs average 2ft 6in and 2ft respectively, and the ore broken is of very fair value. On No. 2 level 'stopirig is being carried on in one block on No. 1 reef. The reef here averages 2ft 6in wide, and the ore broken is of fair value. Central Shotover has advised the Dunedin Stock Exchange that a call of 3d;per share, payable July 1, has been made. Lawson's Flat, near Kumara, is expected to commence operations in about a fortnight. A'dredging claim in" the district is also in hand, and a co-operative mining claim to be worked on the drag-line ami elevator principle. By August it is expected that 50 men will have found employment on these works. Nokomai Gold Mining Co., Ltd., reports that the excavator is steadily digging on gold-bearing wash 60ft below ground level. Ample water available, steady progress made; three shifts being worked. It is anticipated that the estimated area of not less than a quarter-acre bottom will be washed up at the end of the month. At present excavator is digging at an average of .170 yards per hour. ' Sales of mining and dredging shares this week have been reported as under: —Waihi, 225, 21s lOd; Waihi Grand Junction, cum div., 4s id, 4s 2d, 4s, 3s lid, 3s lOd; Alexander Mines (13s 6d paid), 10s 3d, 9s 7d, 9s lOd, '9s 8d; Blackwater, 21s lid, 225; Big River, Is sd, Is 6d, Is 5%d; Central Shotover, 10% d, lid; Consolidated Goldfields, 9s 7%d, 10s, 9s lid, 10s, 10s Id, 10s 6d; Crown Mines, Is Id; Freshford Is 3d, Is 2%d, Is 2d; Gillespie's Beach, Is sd, Is 5%d, Is 6d; Golconda, 6d, 9d, 9%d; Kildare, 2s Id; King Solomon, Is 8d; Lawson's Flat (lOd paid), Is 5%d, Is 6d, Is 7dMntaki, Is 8d;- Nokomai, 4s 9%d, 4s fld 4s lid, ss, 5s Id, 4s lid, ss, 4s 10% d, 4s lid; Okarito, cum'div., 11s, 10s lOd 11s, 11s 3d, 11s 4di lls-3d, 11s 2d; Wai-tahu,-6s ll%d, 7s, 6s 9d, 7s. Unofficial List.—Bell-Hooper, 10% d, lid ll%d; Snowy River, 2s 7d.