MINING.

Evening Star, Issue 14524, 28 November 1910, Page 6

MINING.

♦- A wash-up on the Island Blodc claim on Saturday jjroduced 1220z. This is really a progress return, being the result of the first wash-up from the bottom of the present paddock. There was no wash-up from tho Central Charlton dredge last week. Tho master, writing last Thursday, says:—Since shifting into cut 2 the ground is very shallow, alwut 7ft or Bft, and the clay very sticky. There is only about 6in of gravel, and this is poor, very little gold showing on tho mats. Tho dredge was working or. the west sido of the cut until yesterday, when it was shifted to tho eastern side of th? same cut, to feo if there was any improvement. The toj) tumbler shaft on the main ladder of the Golden Bed dredge broke on Saturday. A new one will be made as expeditiously as jiossible. It is announced from London that the Waihi Gold Mining Company have placed an order for six water turbines and governors, each to develop 1,500 U.p.. for their new power station ou the llora Ilora rapid 6, with Mefsts Jens Oiten-Boving and Co., of London. Tho Molyneux River was 7ft lin high at Alexandra this morning. The weathor was fine. RETURNS. Golden Bed : 430z ldwt, 128 hours. Karaunui : 21oz, days. Otago No. 1 : 21oz, week. Otago No'. 2: 14oz, week. NEW GOLD-BEARING LODE. Press Association—By TelegTaph—Copyrighf. PERTH, November 27. Messrs Colreavy Bros, report the discovery of a largo gold-bearing lode near Eunium. Tho stone which was dollied yielded from loz to 3oz per t0.".. RADIUM-BEARING LODE. Press Association—By Telegraph—Copyright ADELAIDE, November 27. Mr Douglas Mawson reports tho discovery of an extensive radium-bearing lode at GiHliuimutan.il. Ho considers that the prospects are very great. THE SHARE MARKET. DUNF.DIX EXCHANOE. There were no saic& made or reported this morning, ilio market was quiet. The morning quotations are a-> follow: —Dredging.— Blaekwater (cont.>—T.nv &V 6, so! 12/ r J. Hartley and Riley—Se.l 12/. Koputai—Buy 17/. Lidv Roxburgh (cont,)— Buy 1/. Rising Sun—Buy 42/, sol 45/. —Sluicing.— Ross Goldfields—Sel 2/10. Muddv Terrace—Sel 22/. Island" Block—Buy 6/, 'sel 7/6. —Quartz.— Barewooo! —Sel 7/6. Consolidated Goldfiolde—Buy 19/, sol 20/6. Slay Queen—Buy 3/5, sel 3/7. N.Z. Crown Mines—Buy 4/5, sel 4/10. New Sylvia—Buv 3/9, sel 5/11. Old Hauraki-Biiy 1/10, eel 2/. 'l'alJßmaii Consolidated —Buv 51/6, sel 52/3. ' Watchman —Buv ''>',, se.l 5/3. Waihi—Buy 119/6, sel 121/. Waihi Reefs Consolidated—Buy 2/8, sel 3/3. Waihi Grand Junction —Buy 51/, <;•:-! 31/3. Waiokihi—Buy 3,'2, sel 3/5. —lnvest inente.— National Bank of New Zealand—Bay 116/6. National Insurance Co.—Buy 34/. Standard Insurance Co. —Buy 26/, .sel 26/9. Union Steam Ship Co.—Buv 36/3. Westport Coal Co.—Buv 137/. sol 139/6. KZ. Coal and Oil—Sel 8/. Consolidated Dental—Buy 21/9. Milhum lAno and Content (JDI> —J3uy 39/6, sel 41/. Mosgiel Woollen Factory-—Buy 66/6. N.Z. raper Mills—Sel 23,/9.