MINING.

Lyttelton Times, Volume CV, Issue 12428, 18 February 1901, Page 2

MINING.

THE fBULOSR JUNCTION RETURN. [Pes Pbess Association.] "WEST-PORT. Feb. 17. : The (Buller Junction dredge justified the an-, ticipations of its friends by its splendid Yield of 420 z for ita second week's work. ': THE GREY RIVER RETURN. / [Per Press Association.] GREYMOUTH, Feb. 17. The following dredging returns are report-" ed:— Grey River—o.Boz for 122 'hours. : Only touched bottom on Thursday last; previously not dredging on bottom. LEVIATHAN AND REEVES' PROPEIETAiRY RETURNS. [Per Press Association.] CHREYIMOUTH, 'Feb. 17. Buller Junction—l2oz for 15S hours. Leviathan--1220z of amalgam will yield between 48oz and 50oz of gold. Reeves' Proprietary—7oz ISdwt for the week. The Nelson Creek is expected to yield.9ooz. It reports to Dunedin. Dobson No. 11. also reports to Dunedin. Waxpuna is still under going repairs. The New River dredge has shifted into new ground. DUNEDIN, Feb.. 17. The following dredging - returns are reported:—Earnacleugh lloz lOdwt 3gr, Manuhirikia 6Uoz 'lsdwt., J-unction Electric 58oz, Empire 490 z 9&wt 15gr, Waimumu 490 z 9dwt logr, Hartley and Riley 41oz ISdwt, Golden Beach 38oz Gdwt 21gr, New Alexandra. 330 z lGdwt 9gr, Gold Queen 320 z sdwt, Clyde S2oz, Alexandra Eureka 31oz, Electric 30oz, Enterprise 11. 28oz lldwt'l2gr, Golden Treasure 250 z Bdwt, ilolyneux Hydraulic 240 z 4dwt 15gr, Success 230 z Gdwt 10gr, Waimumu Queen 21oz lidwt 16gr, Otago 21oz, Waimumu Central 20oz, Olrig 18oz gdwt 2gr, Waimumu Extended 17oz -Idwt, Charlton Creek 17oz, Inch Valley 16oz ,7dwt, Unity 16oz, Chicago 14oz 3dwt 3gr, Enterprise •IT 12oz 17dwt, Golden Link 12oz, Lawrence ■ lOoz 15dwt, Gabriel 10oz'14d"wt logr, Inchholm 9oa 19dwt 14gr, Morning ;Star 9oz-Sdwt,. Golden Bend'Boz sdwt. - -. -' -= •" I DUNEDIN STOCK EXCHANGE. [Per Press Association.]. DUNEDIN, Feb. 16.,; | Sales on the-Dunedin Stock Exchange:—' Aiding* 7s 3d, Buller Junction 65,6 d, 6s. 9d and 6s 7*d, Claughesey Freehold Is discount ' ■and.9d discount, Dobson No. 2 265, Electric 625, Ettrick 2s discount, Eairdowa 3d, Ford'-s Creek 12s Gd, Garibaldi Is discount, Golden River 5s 9d, Grand Junction 75,, Grey River 555, Irich'hohne 7s, Ka-waxau Bridge 10s, Majestic 29s 9d, 295, 295, 29s 6d, 29s 9d and 30s, Merrimac 395, Nelson Creek 765, 75s and 745, Now Alexandra 17s, 16s 6d, lGs 3d, 14s, 16s 4d and 169 4Jd, Orwell's Creek ,3s 6d, Pactolus 36s 6d, Pactolus No. S 2s '6d, .Trafalgar lis, Victory 12s 6d and 12s 3d, Waimumu 23s 6d, Waipuna 23s and 24» 9d, Watterson's Consols 2s. CANTERBURY STOCK EXOHANGE. ■';■■ ■-, The :foUowuig are.Saturday's', quotations" -of; the 'Stock pf' .Canterbury :r-Sales~-Bu'ller,'JundtrionfW : M p ;-Al, sellers 26s pd; ■ Buller p'j'Ford's'Greek,. buyers 12s pd,' sellers lis pd; Great 'Wood- . Stock, sellers Is dis;' Gre'enston<> <seller3 3s p; ' Greenstone-Creek, buyers .303 6d'pd/. sellers' 32s 6d pd-; Grey River, sellers 55s pd,; Grey River.,No. 2, sellers. ss-,6d p; Grey River-Ex--tended, sellers Is p; Hartley, and Riley,-sellers 140 s pd; Hokitika Extended, sellers Is p; Maori Gully, sellers Is p; Maori King, buyers 2s p; .Nelson Creek, buyers 76s pd: New River, Boilers 10s 6d pd; Pactolus No.'2, sellers 2s 9d p; Pactolus No. 3, sellers Is p; Perry's Re? ward, sellers Is p; Reeves' Proprietary, sellers 22s 6d pd; Reefton United, sellers 2s Gd p; Waipuria Creek, seller* par. PROSPECTING NEW GROUND. ;■ , The " Greymouth Star!' states that'a party of prospectors ".subsidised .by- Government have 'commenced to drive _a long, tunnel into -the, terrace'on the north'side of the Greenstone Creek, between the old Bung Tuck workings and CaiUpfiny'sl dredge. The object is to prove the existence or. otherwise of gold in 1 the terrace and flats. It certainly is v/eil worth a trial, as gold has ibeen obtained ' in highly payable •;quantities' in' all the 'creeks',, having their'sources..in the/'beltr-of .counitry -. lying--, 'between;. -the;-; Greenatoiiev.Creek -and-ihe ;Ne-w River,; : and.;C^pe^Ter/«ce^Camfii... " routs'Track, and Mar.s4en.Jload,"yetln.6"Jena ,"sp • far has "been able''to .tifac.e.Jhe..." exisfe'n.ce of' payable goldl within those is a district more worthy of systematic prospecting than another it is that. Several efforts ■have from, time to time been made to discover

ihx w&ereaboutts «£ the run/iihaf all who koo^r 1 the. district 'consider esi&B' ihefe, . but; ; they; iiave all proved unavailing, "!r' : : ';'v TH<E■ GREY . The 'Grey; River return : .6£ |<«; 12&' 'hours?; , •work> was- more than was expected toy the "ma- 1 .jority ©f West Coast shareholders, as the dredge Las not been touching*'bottom Jew■ some .time.: On Friday the buckets scraped; : jbottbm; for a. ■while at 24ft. Work has Ibeen considerably de-' flayed (by buried timber, but thff'dredgemastei: expects to work tihrough the' obstruction by "Wednesday. About .2Gft is the : 'dr°cigeVlitsiti,;.-.'- ,\ and the ground passed over lately has'; been:; very irregular, parts of the higb:; reef 'hiving.'. ibeen. passed over where there were':br£y>twio! feet of wash. Up stream the ground shb'a'.a; more. The. best and heaviest of the "gold: lies ::' in about 'two feet or tihree ifeet cf cii: : :'.--, the river bottom.. The directors intend: to; ;.:': work &1I the ground,,possible willh the;'present;- :■ i ladder, and iien.to feng-tfnen the'ladder;"fitii ; '•,' ,: j ascertaining the depth of the ground-.. After tb.il V 1 the claim wii.l be systematically worked 'irbnr the lower end up stream.. .~~ , : :"; The Grey River Extended claim is : ib\be . extensively bored. Three large: bores will 'be; : sunk. . '. The timber for the tables of ;ihe ; Greenstone- "" Junction dredge has arrived at •the, ckiin, to- v gether wi-th^he-steam pipes. Tlte. enlargemeai:. of the dam is about ompleted..' ; The directors of the '■Ue/riat!iaii • F'rceiblfi Gold Dredging Company ;<have'decided-tb call for tenders for felling 53- acres' -bf iusfi", -tact, to "-at once'proceed'with-the conitructabn of a "dredge. •."•■'■' " ■"■'};'"'■'"; ...'"'•/- '-'■':■-•■■■■■.-';'■"' A dredge <mll be put on. a olaim recently taken up in Humphrey's Gulleyl - The New River dredge has: b<«a shifted up- ■ stream, and work will be comnenced on the 1 upper part;of the claim to-day. ' , :: : :: The Big- Kapitea and Little Kapitea Crecka . have been' proclaimed water-courses, for 'carry-;;'. • iiig tailings, and mining debris.:,; The Grey Consolidated dredge: pontoons will be launched in about -a fortnight.; -They'cri; now finished, and' measure 6-lft by 30ft.: -The machinery, which* lias'lbeen constructed; -'ia:;■».,. Victoria, is being-put on t!he ground, and ten*; ders have been called for its erection.;: The contractor, for the Golden' JSanneri pontoons, Mr Dillon, is making.excellent headway,.. -and 'the work is already htlf done. No dim--culty is amticipated in thelaunching, 1 and the dredge should-be at work in -contract time,.: This claim, adjoins, the.'Waipuna. The Waipuna,: dredge is .undergoing repairs. The rough bottom -has worn awy, the '.corner ; timbers of the bows, < and plati-u 'of iron, are being put on for protection. >■ The dredge will be relaunched as soon as-a fresh cornea down the river; ' - •'."'•''' The Great Lead dredge; pontoons jire still :' lying -on the bank m.the.Upper Grey;Valley.• The contractor completed, tlhe pbkoons sev«al months ago } '. but- some diffictiiiy ; - has arises. \ : about the launching, and meanwaile-the shareholders'are anxiously awaiting rjsul'ts. The Keystone Boring Syndicate are; at,present engaged on the ShsaiidoiA claims, on Tucker Flat'. ' , V;> The annual statement of : the. Great: Green-stone-Gold Dredging Company: shows.;, that on • Dec. 31, 1900, there were 133 Eharehold&rs, as against 137 at registration,-and tihft'-a'rtears ; ;. "of calls totals' £451 Ss. Gold obtained:for:the year 3dwt 15gra; expenditure, £221:193, 2d;;.. balance at bank, £276 16s'10d. Y■ ; <\ ;; '■ -j \ '- A prospecting ' shaft „is, being,, sunk; on: the Settlement Track - between the Maori: •-Pbist'-:-; Track and the right-%and 'branch: ;of,ihe Three-, mile Creek. .- ~ ' ",--„ : \i A - : ' : ' The Kumar* Long Tunnel Gold M«ung Company paid £6OO in dividenc.3 • during the past year, making a total of ££sso amce-.tha '! registration of the company in the year>:.lSS3. . No calls have been 'made -bind?, dividends have'' been regularly pa id-during.the pass ten years, with the ■ exception of/1895, when the company was pu'tting in a n«w chan- ' '•''■' "■•'-".-, ' V - ; ' •'-, ■ J :.'■" ; The directors of the. Grey Hiver Estenaed Company have postponed the acceptance d tenders for the machinery for the' dredge until the reiult c r f, boring' operation on. the; -olaaral, " is known. Three bores are .to bs put down at , ; once. ,' ■ -.,'.,'. . The Perry's Reward dredge pontoon* wiM be ready io r launching in three weeks' time. - The:'following is from the "iEnes Eeecrd":l —" It has become -evident to' all the/dredge ;; companies .that their. machinery,'.is.,tpo lighfi ; .V and improperly .proportioned, and that there iS , a great expense in making' repairs,;;as .the dredges inmost- cases, are a long distance from any railroad/ In view of this and many otbetf facts, it is evident that thbre is 'a necessity, for . improvements, in -elevator, bucket dredge machinery.": - ~ .'- ■-■ ;'-.■'.- ' - f[:'