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MINING.

REEFIOX MIXIXG INDUSTRY. I Considerable interest has been awakened ! in mining circles as a result of the inti- ! mct-ion that the Government have dedckd to provide £IO,OOO in connection with the fieri atloa of Boatman's Consolidated Geld Mins. The Consolidated represent * group of mines close to the town of Reefton. end comprise tho famous Wekonu. Fiery Cross. Just in Time, Hopeful, and Homeward Bound. These properties all adjoin each other, and have been worked down to a vertical depth of hftjji. From the quartz retf that runs north and south through these areas £522,000 of gold has been 'obtained, paying dividends amounting to £200,000. This remit was obtained by a rough and reedy battery treatment. without the aid of cyanide. The stone taken out of the mine averaged‘£B 0s Ed to the ton. which constitutes a record for a district which has produced eight millions of gold. The mines of tho Reofton, six ia number, have produced great results by the method of deep sinking. The miniJmim depth of the Keefton mines is 3,200 ft, and the maximum 2,10,i!t. It is proposed to sink the shaft another 500;t. and open up other levels. Good payable quartz exists at the bottom of tho 500 it level. After tho most exhaustive tests tho Government have decided to riib-idise the proposed company to the extent of £10.009, provided tie rmbirt subscribe £15.000. A company is now being ilnated in Dunedin for that purpose.

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https://paperspast.natlib.govt.nz/newspapers/ESD19150122.2.39

Bibliographic details

MINING., Issue 15707, 22 January 1915

Word Count
241

MINING. Issue 15707, 22 January 1915

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