GOLDMINING

Grey River Argus, 20 October 1936, Page 6

GOLDMINING

CHAIN OF MINES, LTD. The company’s manager reports as under for the week ending Sth October, 1936. The Sunbeam Lode is a true fissure lode and I traced it for over one mile. It is intersected by several lodes of lesser antiquity, also by an intrusive; the intrusive has had the effect of leaching part of the gold and silver content from the ore, at, or near the surface, and of replacing both metals back in the ore by secondary enrichment at lower horizons. I see no reasons why the Sunbeam Lode should not carry pay ore over the greater part of its entire length, the auriferous country can be observed at sea-level, thus the conditions necessary for still greater enrichment as loner horizons are reached are very marked indeed. Facsimile evidence is to be seen at many places on the Hauraki and Ohinemuri goldfields, where many million pounds worth of gold has been won. In view of excellent geological features existing at Sunbeam Mine, I have the utmost faith in the Sunbeam Lode, this lode is quite as true a fissure as is the main lode of Blackwater Mine, Reefton, only the Sunbeam Lode is of bettor value and of larger dimensions, and more extensive latterally. BIG RIVER GOLD MINES LIMITED The report for the week ending 12th October, 1936, stated:— Ventilation airways between Nos 3 and 4 Levels have been repaired. Also airways between Nos. 2 and 3 Levels are under repair. No. 4 Level Centre Stope: The reef has split, one branch running into the hang wall, which has reduced the supply of stone for the period. South Stope: This stope has been carried along for full distance of run of stone, and filling in the worked ground preparatory to starting a new stope is well under way. No. 5 Level: 20 feet driven for the week, making the total distance 182 feet. 17 tons of quartz have been delivered to the storage bins. MAORI GULLY DREDGE. About a dozen shareholders of Maori Gully G.D. Coy., on Saturday, attended « meeting convened by Messrs Burns and Costigan, at the Lyceum Hall, for the purpose of discussing the working of the dredge -and claim, and borings. Mr Broadfoot was elected to the chair. Mr W. Burns said that the returns were about one quarter of what they should be, if the bore values are correct. He considered the Government should be asked to have an independent check of the bore values made. This would prove whether they were Wrong in their contention that the bottom' was not being properly cleaned. The best gold, he said, was in the bottom four feet of wash. If the bottom were not thoroughly cleaned, more than half of the gold would be lost./

He did not say any dredge got all of the gold, but one should come nearer than this one did to the results of the borings. The dredge in 16 months, won £2O 000 worth of gold (at £7 10s per ounce), the returns averaging 40 ozs. weekly. Of the £20,000, there had been paid in div'dends £4,000. It had thus eost £16,000 to run the dredge, less what was the reserve. It was at the poor end of the claim, according to bores, that the best gold had been won,. The present position of the dredge was upon ground where the bores gave an average of Is Gd per eubic yard, whereas the dredge return there was only two pence half-penny per yard. He considered there was something in this discrepancy that required to be rectified. Mr T. Costigan said that M r Burns, while not selling one share of his holding. had bought shares at Is 7Jd, such had been his faith in the area, he also had met the cost of calling this meet ing in the hope that shareholders would do something towards having a check of the bore values made by an independent Government drilling crew. The meeting, which did not take any further action, concluded with a vote of thanks to the chair, ADDISON’S FLAT RETURN. WESTPORT, October 19. The Addison’s Filat sluicing claim return for the fortnight ending loth inst., was 30 ozs. 10 dwls., for 34 shifts. Quotations are: Okarito —. ss; Worksop Is Sd, Is 9d; White’s Electric Bd, 10d; Moonlight Old. Is 3d; Maori Gully Gid, 7-ld; Mossv Creek Is 3d, Is 4d; 'Mount Lyell £1 'l2s 74. £1 12s Sd; New River Gid, 71d; Skippers 3Jd. 4Jd; Brian Boru 4d. sd; Consolidated 15s, —; Gillespie’s Is sd, Is Gd; Lawson 's Flat 2Jd, 43d; Alexander —. 18s 6d; Alexander (15s paid) 15s Id, 17s; Argo Gold Is 9d, Is loci; Barrytown —, £1 9s; Big River Is lOd. Is llld; Blackwater £1 10s, £1 13s 6d.