GOLD MINING

Grey River Argus, 6 December 1932, Page 2

GOLD MINING

ALEXANDER MINES. No 6 Dividend of 1/- per share which represents a distribution of '-3,750 to shareholders free otf income tax. has been declared and is payable <»n \\ »‘dnt‘sday, December 21. Trans ier books (-lose from December 17 to -T, both (lays inclusive. This makes a total distribution of six dividends of I/- each declared during the current year, which represents £22,500 distributed to shareholders free of income h’eport for month of November.—No. .> North Drive.—The main drive north has been driven to 435 licet from the crosscut. The country pass ed through has been good but showing no stone of any consequence. A crosscut has also bee n put out east 16 ieet in country rock. The crosscut west on the fault plane has been continued to 29 feet, occasional boulders of stone being c ut here. No. 4 North Drive. This drivp has been driven 33 feet making a total from crosscut of 122 licet. Stone from 3 to 8 inches in width; came in at 11 feet from cross cut and is still showing in the face. 1 he stone stands almost vertical and looks promising for making into a larger body of ore. as driving proceeds, A crosscut has been driven east from this level 21 feet. The country is fair, but no defined hanging wall has been met with. Prospecting.—Prospecting was carried on at Mullocky Creek and a fair amount cif ore discovered, carry ing gold, but not of sufficient value to be payable Stoping.—Stoping has b<en carried on as usual, the faces showing very little change. Gold Returns. —The battery during the period crushed 4;>5 tons of ore, for a return of 370 ozs 11 dwts of melted gold. The ryanid e plant treated 330 tons of sands for a yio M o/f 115 ozs 15 dwts of bill lion. The total estimated value o*t* these returns is £1845 (exclusive of premium on salp of gold abroad and premium on exchange). BIG RIVER GOLD MINES. Report for November.—No. 3 Level: South Drive off Main East Levi at 197 feet from Shaft.—Extended ll f ft,« total 50ft. Drive is now being carried in along the continuation of the lode track intersected on the south side of the fault at. 33ft from the main level. Lode track is well defined, and carries a little quartz which gives prospects oif fine gold. Rise above South Drive off Main East. Level at 197 ft from Shaft: A rise was commenced on the lode in the South Drive, at a point 8 feet in from the Main East Level, and advanced 24ft, including a out or stop to the not th of sft. The stone in the lower part of the rise had a width o'f 2ft, and gave fair prospects of gold; but towards top of rise pinched to a f--w inches and rising was temporarily suspended. North-east Branch Drive off Main East Level: This drive is being put in to pick up the downward continuation of Henderson’s block above No. 2 adit, and also the northerly continuation of the lode being driven on in the South Drive oft" Atain East Level at 197 ft ’from shaft. Favourable looking slate and sand stone country is being passed through. North-cast Crosscut off Northwest Branch Drive at point 115 ft from shaft (Jon-'s’s Reef) —Extended 8 feet, total 13 feet. Nothing of value was met with am] driving was suspended. Rise above North-west Branch at 108 feet from Shaft: A rise was commenced on th<» lode formation pass'd through in thp Northwest Branch Drive and was advanced 9 feet, including a short crosscut to the westward at 20 feet up to test the footwall of the lode forma tion. What appears to bp an old prospecting drive, or stope, was met with at 5 feet from rise The plans do not, indicate that any work was previously done in this direction, and a little fur ther work is necessary to determine the j situation at this point. OKARITO RETURN. DUNEDIN. December 5. Okarito return for the week: 34cz Gdwt for 107 working hours.