MINING.

Lake County Press, Issue 2137, 27 September 1906, Page 5

MINING.

The local syndicate to prospect tin- reef on the Crown Terrace have exhaussod the capital originally subscribed for the purpose. The prospects are, however, so encouraging that it has been decided to get together more capital to thoroughly prospect the ieef in sight. Already the old shareholders have taken up a large number of shires and the public have a chance now of also investing a feu- pounds in the undertaking. The Criffel Lead Coy, under the energetic manager Mr .McGregor, are having operations pushed on, and full advantage is being taken of tho spring weather. Work on the claim is now being carried on in three shifts, and doubtless before long the company will begin to reap a re waul for their investment" It is stated that the Qiepuki shale which was sent Home for the purposes of testing yielded over .'SO gallons to the ton ; but the quality of the product was pronounced inferior. The wax, etc., was found to be first-class, so that the experts at Home have corroborated the opinions formed from actual results when the works were in operation. The yield of oil was about two gallons less than from average Scottish shale. A discovery of carnofite has been made at Olary, on the Broken Hill rail way-line, about 257 miles from Adelaide Carnotite contains uranium-oxide, from which radium is obtained. An analysis has shown the carnotite found in Smith Australia to contain 28 per cent, of uraniumoxide and' from .10 to 20 per cent, of vanadic acid. Since the formation in 1880 of the Mount Morgan Cold-mining Company, Queensland, the mine has produced 3,00C,9GD0!! of gold, of the value of £12,121,777 : copper-precipitate to the t-alue of £<JO,M2 ; aril blister copper to the value of £25,500 : total value of ptoducts, £12,212,:577. Tho output of coal and lignite for the year 1005 was 1,585,750 tons, an increase over that of the preceding year (the highest then on record) of 47,018 tons. The total output to the .'slst December, 1905, was 21,701,4 L 0 tons. A diamond drill bore, put. down vertically in tho bottom of the 500 ft level of the Block 14 Mine, Broken Hill, New South Wales, has proved through 40ft of ore, averaging 17 per cent, lea,l, 11"/. silver, ami 17 per cent. /.inc. Dredging returns: Electric If O.'Jo/, sdwt, Masterton 40oy, I4dwt, Electric I 38oz lOlwt, Mystery Flat :»4oz Mdwt, Muddy Greek 3loss 17dwf, Perseverance II 200/, Ddvvt, Itura 21oz I7dwt, Central Charlton 21oz Odwt, Molyneux Knhinoor 10oz2dwt, Hartley and Itiley 15oz, Hes-sey'.-s 140/, 141 wt, Itiley's Beach Hoy. odwt, I Chicago lOox. 4dwt, Waiktua u<y/, 4dwt.

Tim W illii (‘('iii[) - iny Ifo iled I'T/Mi ) Inn .if mu for fnni wivk.-. tin l return luuti<, wnfili 'l’hii tnl.il return In d.iii is £~>, : dividimds p iid £2,277,**!)."».