MINING NEWS.

Lake County Press, Issue 2393, 14 September 1911, Page 5

MINING NEWS.

Mining operations are in full swing at the Shamrock Company’s claim, Arrow River.- 1 * Work has not yet been resumed at the Arrow Falls, but no doubt a start will be made within the next week or two. No news is yet to hand regarding the Macetown reefs. A rich discovery of gold and silver ores has been made in the Ghilcotin country, Canada. There is a stampede to the field throughout British Columbia.

It is reported that a rich find of diamonds has been made near Loch, Victoria. Gold and silver exist on the same lease.

Dredging returns: Golden Bed, 440z; Electric No. 1, 41oz ; Rise and Shine, No. 1,870z : Rising Sun, 340z ; Otago, Sloz; Sandy Point, BOoz ; Hartley and Riley, 290z ; Mastertou, 28oz; Karaunui, 260z ; Central Charlton, 20oz.

The latest assays from the new find at Blackwater South, West Coast, go from loz 19dwt to 2oz 12grs from the outcrop The find is stated to be the verv best ever known in the district. The Blackwater Mines, Ltd, inspected the property with a view of making an offer. Great interest is being taken in the discovery The reef is Bft Sin wide, and has been uncovered for five chains, broadening towards the north. Patterson and Company at Maori Gully, near Reefton, report splendid assays from the property. One went 6oz to the ton. All the surrounding country has now been pegged off. Accommodation in Reefton is very inadequate. Every house and shop in the town and environs is occupied, and newcomers cannot find houses.

The half-yearly meeting of shareholders in the Cromwell Gold Mines Development Company was held at Melbourne on August 28. Sir Henry Weedou presided. The chairman stated that the low-level tunnel from Specimen Gully was in 466 ft, and was reaching an interesting stage, as some of the lines of reefs, such as the Lucknow find Guano, might be intersected within a short distance, though the tunnel still had a long way to go before the Cromwell reef would be reached The whole of the plant was driven by water power, and the tunnel would enable any ore bodies to be worked and treated at" a mLimum of cost. The cjuntry ihrough which the tunnel was being advanced was hard, and progress was consequently slow. As a compensation, however, there would be no after expense for timbering. The report and balance sheet were adopted. A resolution was passed authorising the directors to issue the 5000 reserve shares, with the proviso that the scrip should be offered in the first place to shareholders only at £1 per share. Since the meeting work has continued satisfactorily at the tunnel, the length driven up to the end of August being 507 ft. The country being penetrated is favorable for reefs.