GOLD MINING

Grey River Argus, 25 May 1935, Page 2

GOLD MINING

Yesterday’s quotations were:—Okarito — 5s 9d; Skippers —, 2d; Stafford lid; Waihi £2, £2 Os’lid; White’s Electric —. 4jd; \Vorksop 2s "d, 2s 9«l; Goldfields —, 4d; King Solomon —, 4s 2d; Lawson’s Elat 4d, sd: Maerewheniia id, l}d; Mahakipawa Sid, 9d; Maori Gully Is Sd, Is 9d; Mossy Creek 2s 4-1 2s 51.1; Nevis Diesel IJ.J lid; Alexander (15s paid) 14s, 15s; Argo Goal Is ;i;d Is sd; Big River 2s 4.1 d. 2.- sd; Blackwater £1 11s 6d, £1 13s ;i.| ; Briar Born 2d ( 4d; Bundi Dredge 18s !»d. —; Gillesp e s Is 4d. —; Golden Sands 23d, 3s 3d. Gold is quoted in London a«t £7 Is lie per ounce. The Secretary of fh<> Law.-’on's Flat <e>l,| Sluicing Company, Liniitedi. reports a wash up on May 21st produced l-toz. of retorted gold, as the resu’t of the equivalent o f approximately 12 full working days. Big River Gold Alines Limited re|"'r: for week ending 23rd \l:.y says: \o. 4 ?\orth Drive.—Advanced five fed. Total distance 62 feet. The stone in the face has reached the back of he level and is 4 feat wide. The vein appears to he taking :i more westerly turning. Gold is visible in he s'.ono. Stope.— Billing in progress. Rise -15 feet up. —The stone l as risen above the level. No. 4 South D ive.— Advanced 7 feet A fault line vis nwt and followed for 5 fe<q when a showing of stone 1 foo' wide appear'd. ’Gold was seen in the stone. This development is likely to urovc of eon sideralde importance. Alain shaft.— Thi< job i s progressing very satisfac-t<-’i!\. Battery.— It Iris been imposdlde io work two shifts daily owing to shortage of stone.