Mining News.

Lake County Press, Issue 701, 26 March 1896, Page 2

Mining News.

A deposit of £2OOO has just been paid down by a Home company for the Talisman Mine, Auckland. Sew Hoy returns—B7oz 2dwt. The results still continue good. By the flooding of the shaft of the New Chum mine at Mount Magnet W.A, three men-namecl Campbell, Cook and Daniels were drowned. Owing to heavy rains the water came down the gully like a wave. The mining syndicate which Mr Ziman has formed to work mines in New Zealand, has a capital of nearly a quarter of a million. In includes one of the Rothschilds, Baron Hirsch, a number of prominent Anglo-Austra-lian merchants and several Wellington capitalists. Mr Ziman is due here in three weeks, bringing with him six or seven mining experts. The properties acquired by the syndicate are to be •worked vigorously on the very latest principles. A board of management has been formed in London, and a board of advice will be set up in Wellington. The Dunstan Times hears that the Victoria dredge working on the Molyneux Hydraulic Company’s claim last week obtained 16oz for a week’s work.— •Mr W. Thnyers (of Alexandra) and Mr J. M’Lean are the successful tenderers for leasing the Molyneux Hydraulic Company’s claim and water on tribute.—The Excelsior claim, Bald Hill Flat, is reporter! to be working remarkably well—in .fact, better than it has at any time since it was opened, and the result of the recent washing from this claim (5830z 6dwt from 28£ tons) seems to bear out what is said about it. The gold is being gradually traced into very solid country, and the quality seems to improve as it goes down. White’s reef is also looking well at the present time, a very fair shoot of stone being opened out just now. There is no doubt that reefing on the Old Man Range is in its infancy, and it is on the cards that fresh reefs will be opened at an early date. The Round Hill Mining Company has now some 81 men at work racecutting, etc., and their wages bill for one month reaches £sso.—Western Star. *