MINING.

Lyttelton Times, Volume CXVII, Issue 17860, 5 August 1918, Page 7

MINING.

By Telegraph—Press Association—Copyright. Australian and N.Z. Cable Association. LONDON, August 2. Shares.—Waihi Junction, hnye-., ls , 6( j ) sellers 16s Cd; Talisman, buyers 10s, sellers 12s 6d (ex dividend).

August 8 Shares—Waihi Junction, 15s Od to 10s 9d

THE BLACKWATER FIELD, [Per Prkss Association*.]

GREYMOUTH, August 4

The Blackwator Extended Gold Mining Company, Limited and Turner's Syndicate wore to-day notified ihat the options irrnntod by them to Mr David Ziiuan on February 7. 1912, have been exercised by the North Blackwator Mines. Limited, a company formed by Mr Ziman to tako over the benoflt of _tneso and o her op ions over adi> . iug claims. Extensive prospecting and developmo t ope-nti.;ns have* bec-n carried <.ut on tb<-> claims affected during the last seven years under Mr Ziman's management. The sum of

/' 'OTO ha l - been csne dec! in such wait*, which include tho sinking of the deepest and largest shaft in tho Blackwater district to a depth of 1360 feet. This was done in record time (less ihan two years and a half), and notwithstanding? war conditions four valuab'o gold bearing reefs have been proved, and tho mine should soon be a record gold producer. The lofi'l syndicate wt'<" : "..v«i» to the extent of £23,000. It is solely due to the untemitting energy and resource of Mr David Ziman that this success has boon achieved. In view of the gold mining depression t'nt has existed dwrino' the last few years this a tninmcut fholtld bo viewed wfn ation by thoso interested in tho mining industry.

AUCKLAND GOLD RETURNS. The returns from the Auckland distr: mines for July totalled £53,509 10s Id. Cot pared with the yield for July. 1917, name

£61,512 10s 7d, this shows a decrease of .£'ioo2 Us 6d. Details of the past month’s returns mo:— fmraRMTTRT

£ 8. d. TVaihi Co., 16,148 tons 26,317 5 0 Talisman Co., 1030 tons . 13,086 3 1 Wailii Grand Junction Co., GC50 tons . 10,480 6 11 Waihi-Paeroa Co., 11,600 tons tailinsH . 2,000 0 0 Crown Mine tributors, 92 tons . 278 6 0 Ohmcmuri Co., 3 tons . 247 15 1 Totals Ohinemuri £53,309 16 1 THAMES. lVaiotahi Co., 19 tons 200 0 0 Total Auckland district, July . £53,509 16 1