MINING.

Lyttelton Times, Volume CV, Issue 12427, 16 February 1901, Page 2

MINING.

' [Per Press . Association.] AUCKLAND, Feb. 15. During January the Talisman Consolidated dealt with 728 tons of ore for a return of bullion valued at £IGG2. DUNEDIN, Feb. 15. The Hartley and Ri’ley return, for 'tihei week is -41 oz 13dwf, Inch Valley 16oz 7dwt, Gold Queen 320 z sdwt. DUNEDIN STOCK EXCHANGE... ' DUNEDIN, Feb. 13. Tho Dunedin Stock Exchange - reports;, the following sales: —Premiums—AMinga 7s 3d, Duller Junction os Gd, 6s, Daylight;.par, Grand Junction 7s, Gs ' 9d,~ Grey Rivet 4s 3d, Mosquito“7s[ 7a 3d, Pactolus 365, 30s Cd, Trafalgar 10s, Victory 12s, 12s 9d. Paid-up— Alpine Consols 41s, Dobson 11. '2ss, Gold Queen 325, 31s 6d, Golden Bed 245, Golden River ssf 9d, Hartley and Riley £G 18s, £6 19s, Junction Electric 31s, Kiaora. 10s, 10s 3d, Meg and Annie 745, 'Mokoia 275, Nelson Creek 745, 755,-73s 6d, 765, 70s' Gd, 775, New Alexandra 15s 3d, 15s 6d, 15s 9d, 16s, 17s Gd, 17s 7d, 17s Bd, 17s 9d, 0 tarn a 10 s, 9s 6d, 9s, Upper Magnetic 33s Gd, ‘Waimumu 295, Waipuna 24s 6d, °ss Sales at discount—Claughesy’a Freehold' 2s, Main Lead Hercules 3s 9d, Molyneux Koh-i-noor Is Gd. The Otago Exchange reports sales;—Premium —Maori King 2s Gd. Paid-up—Galvanic 36» ,3d, Halfway House 455. Equitable: —Premiums —Ahaura Is 4d, Orwell Creek 3s,' River Molyneux ss. Paid-up—Gibbs’ Beach 18s 3d, Cairamuir 355, Electric 53s Gd, 635, Electric Extended 52a Gd, Magnetic 31s.

CANTERBURY STOCK EXCHANGE. ■ V'he following are yesterday’s quotations-of the Stock Exchange of Canterbury: —Sales—BuMer junction, 6s p; Al, sellers 25s ■ pd; Aylmer Lead sellers 2s p; Bald Hill Flat, sellers 4s dis- Blue Duck, sellers 20s pd; Buller Junction, buyers os 9d p, sellers 7s p; Bignell’s No Town, sellers Is dis; Caledonia,, sellers 2s 6d p; Claughesey’a Freehold, sellers par; Coal Creek Flat, sellers part Commissjoners’ Flat, sellers Gd dis; Electric, sellers 55s pd; Excelsior, sellers par.; - Ford’s Creek, sellers 35s pd; Golden Beach, 25s pd; Golden Reward, sellers la p; Golden ■ Treasure, sellers ]oos pd; Greenstone, sellers 3s p; Greenstone Creek, sellers 32s Gd-pd; Grey River, sellers’ 55s pd; Grey River No. 2, sellers 6s p; Grey Hiver Extended, sellers parj Hartley and Riley, sellers. 140» pd; Kelly and Casey, buyers 30s pd; Maori King, sellers 2s 9cl p; Murchison, sellers Is p; Nelson Creek, sellers 75s nd: New River, sellers 11s Gd pd; Orwell Creek, sellers 3s lid p; .Pactolua No. 2, sellers 2s 9d p; Paotolus No. 3, sellers Gd p; Prince of Wales, sellers Gs Gd p; Red Jacks, buyers Is 9d p; Reeves’s Proprietary, .sellers 22s Gd pd; ... Ruby Creek, sellers 7s p; .Reefton United, sellers 3s p; Teremakau, sellers pat; Westland, sellers 3d dis; Waipmia Creek, sellers par. WEST COAST GOLD DEPOSITS. An Auckland gentleman, who has been visiting the West Coast, describes the district as follow* :—“ From the Karamea River in the north to the Ha-ast River in.the south of the West Coast of :h e Middle Island there 1 is a, stretch of 300 miles of alluvial deposit which has been proved, more or. less by former methods -to contain hold, and which hasyiejded .nearly £19,003,000 from 1857 lo cho ohd o£ .1899..'. ..Much.,.oi. the,ground .previously worked 'cah' be "gone' ‘Over again 1 and' worked at: •ii greater depth,, Gian was practicable -without the aid of a modem dredge, and it is known in many cases that I , good gold was left under

foot; but in the good old tin.*;?. i,b<7 l.watax. ’ . difficulty made it impossible to get down to.: any depth wiiefe: the hea vicr goitl should 'bo* found. Nowadays a dredge can easily workto. a.depth of 40ft belt tv the surface o( ilia water. The prevailing opinion .is drat- tire' West Coast claims' are -.richer thin ;those (if Otago, but at the same nine owing to the. wildness of the Country more difficulties ;wiU? b® encountered it: order-to win - the’ pi.ectsasi matal.” Tlte secretary of the Reeves’ Proprietary Gold-Dredging Company (Mr H. A. Bruce) received a telegram from the clredgrtiiost-er’- -IrKa last evening stating that he had iva-hed .up 7o:s 13dvvt for 99 hours’ dredging. A meeting, of the directors of, the Hokitika Gold Dredging Company was held yerUiday afternoon, at the office of the secretary (Mr it'.) Rollitt),. and Mr J. Tough was appointad' master of the -company's dredge. Heavy rains have fallen on the West Coast,and yesterday the weather was showery. Tha Grey River is as yet unaffected, butt if therein-continues-work will he interrupted on tiieGrey dredges. ‘ i "A Reeffcou syndicate has -taken "up- a Ursa area -at Napoleon Hill, near Onvc-il Creek.- with , the indention of, opening up a sluicing (? Ja: irs, ’ and has applied for eleven "miles'of water-race, from Lande’H's Crc-ek to the lop of NapoleonHill. • In 1872 Napoleon Hill -was vhe- centre-of. a “ rush,” and large quantities of gold were taken from this. famous ground. Up t’ll ihe present -time tunneCing has been carried onwith satisfactory results. About -seventy tons of machinery have aniv-.. ed at Greymouth for the -Orwell Creek dredge. Messrs' Slrcle-rman 'and Co., }he..contrac tors* • for Ghe- erection of . the machinery t. of tha - Erickson’s Reward dredge, have be-'n considerably delayed by the non-arrival cf machinery, but,a large quantity.is' expected to,arrive at the claim.in a ‘few days, ... The Maori Gully claim is being extensively bored, with a view" to the -letting of confrv.ou, for the' construction of -a dredge. ,The- ; claim , was one of the well-known spots 'in The" early-’ days, and some good gold has been obtaiircifrom the creek. . - - -, ' The'broker‘for the Riley’s Beach’ ComiMyhy; reporta 111 u-t the share list is neony ctil-1. -Theshares were -only placed on the mari.a,. oil Weclnckday. • ’ J The L'eviaihan Freehold Company, whose property adjoins that of the. Leviathan Company, has decided, to call for lenders for the construction -of a dredge, the prospecting of the ground Itaving warranted the step. Tlie c-ngi'.os for the W Consol^ dredge' a-rrive.d’ from England 'some time..ago,, and the contractors ’ar e - .making .good-.pro-’-press with the work of construction of thr dredge. The annual report and balance-sheet, have been issued,. and show that delivery _ot the dredge is to be given in.-fuijv, .at a pnea of £4600. The amount due. machinery :• ’•s £4IOO and on the'pontoons £Bod. . Twenty-nine new ' dredgeW will commence work this month iu New ana taiiiy j three more will start- .next, month. A Wert Coast- exchange-states that a party of gentlemen interested in the. Maori -Gudy Company visited the claim during the week, and all were most favourably impressed- with the lease The rumour circulated that- there was no extent of dredgable ground proved to be false, as 1 a ’ better dredging ground would be hard..to find.. The.prospects got from this claim are very encouraging.* -Tha foundry has the work of building the dredga in hand. , , ... ■ The Greenstone dredges will commence, operations in a- very short time. The Greenstone Creek is expected to be the first, and then the Greenstone Junction and Thiee-imla will follow. Only for the delay in arrival of machinery, work would have been further advanced. ' The secretary pf t)je Red Jack’s Gold Dredging Company (Air <3. ,S. Simpson) has received reports from the engineers, Messrs Cullen Bros., stating that good headway' is being made with the dredge.! '.The pontoon contractor, Mr‘M’Lu'skie, is engaged plankuig the-sid’a of the pontoon.- Some of-the machinery has! been delivered, and over 20 lons are. lying at/ Ngaliere. The* screen and elevator, complete, " have arrived at Greymouth, and have been forwarded, on to 'the claim. The cast-steel tumbler cheeks and , the manganese.: steel ( bucket pins will arrive.with the Banffshire 1 shortly. The Chinamen working the portion recently sold to the company, • will. give up possession on Monday-nest. They have been earning good wages there, and while eight were occupied -wheeling away the -top stuff, 'four were constantly ’ engaged washing -the' bottom, though gold is distributed throughout the dirt. The .properly is..considered one: of the best of its kind, on the coast, and 'West Coast exchanges--state -that -the company has a good future in ■ .-store.•