MINING.

Lyttelton Times, Volume XCVII, Issue 11225, 24 March 1897, Page 6

MINING.

THE FIND IN THE GEE AT BOULDEE MINE. [Per Press Association.] PEETH, March 23. The gold from the rich development in the Great Boulder Mine closely resembles retorted samples, and all is worth four guineas an ounce. The part of the mine from which it was taken had not been worked for many months though it was known to be rich. Tho surrounding ore is high-grade schist, and the bulk is so spongy that it falls to pieces if roughly handled. The vein is going down, but none of it is so astonishingly rich as where first struck. AUCKLAND, March 23. The following business was done on the

.At a meeting of shareholders in the Alpine Fluke Gold-mining Company the directors were empowered to sell the property on such terms as they think fit._ ' Tho Waihi Silvevton Company has intersected the Silver-ton lodes. The option hold by the Austral-African syndicate over tho Grafton property has been relinquished, and the <£2ooo deposit orfeited. Considerable attention is now .being paid, to mining prospects at Great Barrier Island. Recently a leading expert, visited the-field at the instance of one of the best known - Anglo-New. Zealand financiers, and - reported most favourably upon it. Some of tho smaller seams in the properties visited, in fact, were very rich. It is currently reported that during the present week the sum of dS3OOO was paid to a Great Barrier settler for apart share of his interest, he also retaining a considerable share interest in the mining company to he.formed. Good stone from Aotea and lona have also been brought to Auckland recently, while for tho latter property, at any rate, several offers have been received.

share market: — Sales. Sailers. Buyers. Eoynl Is 2d s. U. 1 i S. d. 1 2 Iona Is 3d 1 5 1 3 WaiUi Extended 1 0 B 0 Si Karaka Uueon,.. 0 -I 0 3}