Mining1 News.

Lake County Press, Issue 697, 27 February 1896, Page 2

Mining 1 News.

The Tipperary Company’s Battery, Macetown, commenced crushing on Monday last. Messers Smiley and Foord are doing good work with their tunnelling contract at the Crystal Mine, Upper Shotover. We also learn that thn last wash-up at this mine was very satisfactory. The brothers Robertson, who made a sensational rise in Cardrona seven years ago, and who settled on a farm near Lawrence, have sold all their property.. They intend to again try their luck at gold mining, but intend to go to West Australia. I wish them every success.—Dunstan Times correspondent.

The Sew Hoy 00. obtained 64ozs retorted gold for the week.. The Waihi Company, Auckland, have washed up for the period between Jan. 3rd and Feb. Bth for a total return of £13,545. It has been unanimously resolved to wind up the Sandhills Gold Mining Company. The Clutha River is now running between sft and 6ft above its ordinary winter level.

Mr Daniel, a mining expert a*- Grey- • mouth, received advice on Friday that the Alexandra and Golden Grown (Nos. 1 and 2) quartz mining properties had. been disposed of to clients in England, who have provided £15,000 working capital to develop the properties.. They adjoin the Big River ground: Mr Pbynfcon, S.M., gave judgment at Invercargill in a case in which the Golden Site Mining Company sued Walker Smith, of Auckland, for calls due. Defendant held proprietary shares and contributing shares. The former are of the value of 20s 15s of which are considered paid up, but the company made a call on them to relieve the burden of the contributory shareholders. The defence was that they had no power to do so until the contributory shares were also paid up to 15s. Regarding his liability on the contributing shares, the defenoe was that, having been previously sued and the amount of the claim not having been paid within the time limited by the Mining Companies Act 1894, the shares were forfeited, and the forfeiture could not bo waived by the company. Tiife magistrate held that che defendant

was within his rights, ami the plaintiff accepted a nonsuit, ieave toappeal was granted. In the Inangahua mining enter* prises last year 29,0510z of gold wereobtained, and the dividends paid aggregated £20,287. Th; Beaumont correspondent of theDunstaa Times reports that theGolden Gate dredge is on very good gold now. It has averaged for the last month 80oz per week. The directors have declared a dividend of 8s per share. Another two months’ run. like the above will recoup the lucky shareholders and put back in their pockets all that they have spent on the dredge.. The Tuapcka dredge is averaging from, 15oz to 20oz per week. The Clyde paper states that Hyde and party’s dredgo is now working steadily, and washed up 13oz last week, for a week’s work.

Up to Ist January over £10T;000> worth of gold was taken out of theGreat Boulder mine since crushing started in August last. Tho latest crushing of 120 tons yielded 94 ounces; of gold. A new find is reported-eight miles north of Kilkenny by the M‘Guinness party, who were prospecting near a boulder outcrop and struck stone studded with gold. They dollied ; out 70 ounces in a very short time.-. There is plenty of water and grass in. the vicinity. Owing to a block on the railway Ooolgardie’s food supply is becoming short and a famine is feared..

N.S.W. Minister of Mines has decided to offer a reward of. .£IOOO forthe discovery of payable good at depth of 2000 feet or over., Mr Sew Hoy is one of the most enterprising men in this part of thecolony, and it is gratifying to hear, that his pluck, and energy have met: with success. At his extensive siccing claim at Nokomai no'expense has; been spared to exploit the ground.andthe latest improvement there is the fitting up of a complete plant for electric lighting. Mr Eostlethwaite, the* eminent electrical engineer of Dunedin,. has visited the Nokomai to establish• the installation, and the work of putting up the plant is now in progress.. It is always gratifying to hear of the ■ success of undertakings inaugurated by men of energy and enterprise of thestamp of Sew Hoy, more especiallywhen such works do so much good in providing labor for such a large number of men, paiticularly at the present time when work generally is so scarce*. —Waimea Plains Review.