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MINING.

There was no sitting of the local Stock Exchange to-day (St. Andrew's Day}. The master of the Bed Jacks dredge reports a return of 15oz Idwt for 76 hours The weekly return from the Boss Goldfields was as followsV>oz 1-dwt from 1,152 trucks.” The value of this return is about £196. . The manager of tho Watchman mine, Thames, reports that lurthcr Xorfc was driven in thp crosscut to intersect the Windfall reef The country was interlaced with quartz stringers, and* little water was coming away Tht? quartz in the slopes on the Middle Parallel reef looked well, was heavily charged with sulphide, and showed gold north drive at the low level. New Waitaia mine, Kuaotunu, was extended 10ft last week. Tho reef wai 15in wide, with nice streaks of fine gold showing through the ora. The crosscut off No. 2 rise was driven a total distance of 35ft from the hangingwall of the rise, when what appeared to be the foot wall was met with. Tho last Bft was in reef formation. A crosscut east was started in tho low level, 100 ft south of the main crosscut, and was in 6ft, Indications were favorable for meeting with the ore body. The following cablegram has been sent to the head office of the Waihi Grand Junction Gold Co., Ltd., London;—" Are now crushing at tho rate of 418 tons per. 24 hours; the extraction is £1 11s. No. 7 level. Royal lode: Crosscut has been advanced 22ft; have so far not reached footwall; appearances are very good. Assays have not been completed.

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https://paperspast.natlib.govt.nz/newspapers/ESD19141130.2.53

Bibliographic details

MINING., Issue 15663, 30 November 1914

Word Count
263

MINING. Issue 15663, 30 November 1914

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