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MINING.

River height this morning, 6ft; weather mild. On Wednesday last the Keystone borer, operating at Main Gully, Naseby, had got down to a depth of 120 ft in the second bore attempted. The first bore had to be abandoned owing to encountering a large stone through which it was impossible to drive the pipes. The secretary of the Nokomai Hydraulic Sluicing Company reports that at No. 1 sinking was commenced on the 13th inst., and the paddock was bottomed on a good seam of wash on the 16th inst. Owing to the shortness of water work has been carried on at a disadvantage. At No. 2 an additional soz 3dwt was obtained from the jet. Removal of plant was finished on the 17th inst., and sluicing was to be resumed on the 19th inst. At No. 3 satisfactory progress had .been made considering the depth of the ground. The dredge-master of the Masterton Company, writing under date April 18, states that he has had a fair run this week, changing buckets and rollers occasioning the principal stoppages. There has been an improvement in the wash, and the bottom is at present rising, carrying better wash. A good run for the week is reported from the Punt dredge, the master getting over 8f chains. The bottom is changing a good deal, hard clay being in most of the cut. The wash is'tight, and hard on the machinery. ' Prospects improved a little at the beginning of the week. The top corner, it is feared, will give trouble. The depth is 4ft to 6ft below water. The master intends stopping on Monday for repairs to the screen, the top tumbler, save-all, ladder, lifting geaT, etc. The master; of the Lady Roxburgh dredge-reports, for the week ended 17th inst:—"We resumed dredging on Wednesday afternoon, after stoppage of three and a-half days. The paddock was practically full of silt, and we were barely able to get the face opened at the week end. All parts of the machinery are running well, but some of the buckets are becoming much worn." Messrs Thompson and party, prospectors, in Manawatu Gorge, have discovered a lead of silver, which assays at £2 per ton. The party have pegged off 150 acres, and are forming a company in Masterton. . J The Waikaia dredge-master reports a fair week's dredging, better wash show"}S « s h f rounded in towards the line of the breaking of the terrace gold. The face is .&£ chains wide, with varying depths from 12ft to 24ft. The bottom is ot red=clay, excepting a small portion of the last terrace. The gold is of aheaw 6am pie. The R; se am j t; h ; ne Q 1 dred(r< , work r e^, 4 ft ahead last week- The cut was 500 ft wide and from 42ft to 48ft deep, the bottom consisted of various clave and some coal. Prospects in the west 'corner were very good, and fair in the remainder of the face. No. 2 dredge made Bft ahead on a. cut of 520 ft, with a depth varying from 38 tto 48ft. The coal bottom on the west side continued, but there was a slight improvement in the other part of the cut, where there was a few feet of wash, which would probably widen

THE SHARE MARKET. DUNEDIN EXCHANGE. Quotations : Alexandra Eureka—Sel 3/. Alexandra Lead—Sel 2/9. Blackwater (paid)— Buy 2/ Golden Bed—Buy 7/. sel 9/. Hartley and Rilev—Buy 17'6 sel 91 '6 Manuherikia-Sel 13/. ' ' A Mystery Flat—Sel 32/6. Xo Town Creek—But 11/6 Rise and Shine—Buy 31/3,'sel 32/6 Rising Sun—Buv 31/. Sailor's Bend—Sel 12/6. Talisman. Consolidated-Buy 48/. sel 48/6 Waini Grand Junction— Sel 31/6 ' ' Rational Bank of X.Z.-Buy 105/9. Bank of New Zealand— Buv 174/ ' Uestport Coal Co.—Buy 127/- '" vl' S™B C ?->„ Ud - ' £ 47/6. • nf- Po £™ Cement-Buy 39/9. sel 41/ Otago Daily Times '-Buv 415/ ' '' Sharland and Co. (pref.)-Buv 19/. D.I.C. (ord.)—Bnv 4/9 N.Z. Paper Mills-Sel 22/3

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD19090421.2.34

Bibliographic details

Evening Star, Issue 14039, 21 April 1909, Page 6

Word Count
650

MINING. Evening Star, Issue 14039, 21 April 1909, Page 6

MINING. Evening Star, Issue 14039, 21 April 1909, Page 6