MINING

Evening Star, Issue 17194, 8 November 1919, Page 2

MINING

The return from the Kapitea dredge for the fortnightly period ended Saturday, Ist, was 60.^,02. WAIHI. The Waihi Gold Mining Company have declared another dividend (the 106 th) of Is per share. This will absorb £24,795, and will bring the total amount- paid by iho company iu dividends, etc., to £5,177,294. WAIHI GRAND JUNCTION.

Th latest developments in the Grand Junction mi no are tnccuragjiitr as far as the future of the mine is concerned.

In the drive east on the Mary Lode, which is well into the recently-acju ; red Waihi Extended Company's area, a riso has I;een put up 40ft over the- back of No. 5 level. For the first 30i't risen: the avarago width, has been close on sft. with a value of £3 12b lid per ton. with neither wall showing in the wiiiz-e. On the Empire Lode, from No. 8 level, the No. 8 wiir/,3 3wis been sunk to a depth of 29ft, and from 13ft down to 31ft the average width Las been rather over 3£t, Iho lode behijj worth £2 Us 9d, with no wails in sight. Tho latter development, goes to show ■thct satisfactory ore values continue to iivo ae greater depth is attained.

OLD WAIHI STARS. Applications were made at the Warden's Court for prospecting licenses in connection with; tour claims in the vicinity of the Waihi Beach, known as the, Old Waihi •Stars, Nos. 1, 2, 3, and 4, compassing a total area of 400 acres. The application viae lodged by a syndicate outside the district-, m the 'feme- of Mr Percy Pan!, of Marlon, a well-known shc«p_-farmer. It is stated that ho has associated with him in the venture several others who ;i«n prepared lx> espioit the area.. it is understood the syndicate intend prospecting by m&ans of ft tunnel. WAIHI GRAND JUNCTION. The following information has been cabled to the London office of the Waihi Grand .[unction' Gold Company:—No'. 8 Level—George lode: The west drive has been advanced to 65ft. From 55ft to 60ft the average width is 57in, and tho -average value 19s 4d a ton. Empire lode -. Winze No. 8 ha/? been sunk to 29ft. From loft to 21 ft the average width is 37in, and the average value £2 14s 9d a ton. Xo. 5 Level—Mary lode, east drive: At 360 ft we have risen 40ft. For the first 30ft the average width is 65in, and the average value £3 12s lid a ton. The main north-west crosscut has been advanced to 1,148 ft. COPPER DISCOVERY IN WESTERN AUSTRALIA. A huge, deposit of copper has been discovered in the wilds of Western Australia, 37 rniies west of Mundi Windy telegraph station. It is distent from Meekat-harra 300 miles. The Inspector of Mines at Cue, having visited the locality, reports thnt the hill is qI schistose formation, 200 ft hi*h, and 400 yds long. Alonjg the strike of the formation copper was found in two caves 150 ft from the bottom, crossing the lode. Ono cava shows 4ft of carbonate of copper, and the other 2ft. The assays will probably average 30 per cent. In the outcrop above the caves a little copper shows reins of higher value, from which samples up to 50 per cent. i could be picked. The lode runs northj east-, underlying easterly ats aa angle of I 60deg. On the other side of the hill cop- '■- per shows in small veins, which the inspector thinks belongs to a parallel lode. No work has been done. The lode could be cheaply treated by driving 40ft from the hill bottom, and then driving 30ft on the lode, thus giving 150 ft of backs. Timber is scarce. The ore would require to be hand-picked to a high grade average to bear the cost of transport to the coast. Spinifex-clad hills of sugar-loaf shape lie within three miles radius, with ! granite and coarse greenstone showing on the flats.