THE GOLDFIELDS.

New Zealand Herald, Volume XVIII, Issue 6253, 1 December 1881, Page 5

THE GOLDFIELDS.

Old Caledonian. — The following telegrams were received at the company's office yesterday :—"7ol>. v s. good p.Ujked stone; looking better going up.—T. B. Hicks." "Another haul of 1001!>3. picked stone, making 1701bs. this morning.—T. B. HicKd." [FIWM OVu OW" COESjesrONDESTS.] Th> Wednesday. Old Calp.W ia-- t . — Yesterday a further breaking down <~f t'-.o Sode at No. 1 level took place and produced between 60 and 701ba. of fair picked stone. During the night, however, another breaking down took place, from which over 20UUw. of good picked stone were obtained, whiie along the back of I the Stopcs a fair show of gold was left. The break in the lode met with in the drive is still showing in the stopes, but there are indications of its cutting out and allowing the quartz to maintei;.. aiontinuois course eastward. From ihe break westward the stopes are from 15 to 20 feet long and it is from here that th; picked stone iias been obtained. Going upwards the lods appears to bo 1 making much stronger a;id more compact. The quartz is very iiwvily ininereilised. The gold ia mostly confined to a vein of darker mineral, which runs aloivj tl.e footwall for at ,ut half the length of tli? stope, and thon heaves over to the hangiugwall. Westward the lode appears to be lengthening out over the large No. 2 lode, which lies on the footwall, and the gold is making in this direction also. In the drive, which is now some distance eastward of the break, the lode has once more assumed a compact form. There i;i now about two feot oi quartz showing in the face. This is v,-eil mineralised, and ia also heavily with antimony, but what iis of ::.e .cer importance good colours of the pt -?a < us metal have been seen in the stou";. Aite.aotußr the lode here has * very prom:t> ig itripciin-.nce. The country through whicii it is'runmng is of an excellent description, and the right character for carrying gold-bearing quartz. The indications throughout t:.v: workings at this point are certainly very and warrant the supposition that a run of uold of considerable extent will be met with here. Cokomandel, Wednesday. Stanley-—The first crushiu-- <?f 1C teisoi g..\t!7.i Etu-Tc.-.d af< -•. )\t".. :,f t ;-.: Aed i-!.•?-■ \ •fUB c'.'.'ai:. i viD :ifi>s j \ resultt-J in sue wr, ,/ra:.;'ying iot'.rrn of 25ozs. o: gold. Wi:.rK will be resun e.:'. vith vir/rnr a:;d .'.nothc} lot 1-kvi out immcdiaiely. Ei.ue Petkr.—Cα!: ::he rotf \:\ sl.a low level yesterday and obtained a few lbs. of very good picked stone. This will give them a block of about tifty feet by several hundreds to stope o>it. [BY TELEGRAPH —OWS CORRESPONDSKT.] Thames, Wednesday evening. Caledonian.—The breaking down last night produced over 2001bs. of good picked stone, (jold is still showing along the back of the stope. The lode in the face of the drive has a very promising appearance, and colours of gold hove been seen in the quartz from here. Sharemarkkt.—Sales : Caledonian, ISs 9d to 21s. Sellers : Caledonian, 21s ; Waitekauri Extended, Is; Young Colonial, 7s 6d. Buyers : Waitekauri Extended, 10d. The following mine managers' reports came to hand yesterday : — three pluces, aud <lrivinj proceeded wicli. Progress, howev.r, is slow, the reef getting liurdiir «3 wu proceed, and shall require to use powjer J tliinn. howover, this is the best course to pursue, jut 1 li lvo every ami Thrush Companies are working, au I slumlil it prove pavablc. the spot cli. ,:e.n to commeiK-c clr.viiij; will give us plenty of to work on.—\V. H. FkankSuccess (Goromasdel).-Sin=e I last wrote to yon the stopes. The ground has been more broken this come in.' The main level going south, which is a distance of 40 feet, is improving in app arance, the reef looks well, carrying prospe. ta .:{ lo :<st gold. In the low level there is nothing fresh to report.— I'etek Kkid. Union (Tiki).—ln the low level thons is a flnolookiog reef in the face, about two feet «iJo. solid stone, but I have seen no gold In it a- yet. It will take about twenty feet driving to cut th"; cross reef. This reef never looked better for earryin.- g.itil than it does in the face ftt present; every bre.ikrn down lam expecting to get go.d in the stone, it is carrying such fine-looking mineral. In the upper lev.;. lam down about Sftvcn fei'.t with the winze. At the junction of the cross reef I have seen a little gol.l in a f.w atone on the main reef, but nut much to speak about; yet at the junction of the cross reef going down it is carrying a iitile gold, but I am not down i!eep enough with the winze to get underneath the sh .t ol gold close to the junction. In the uppor i>oni>n of the ground, where 1 had a man nn ihe reef, I have opened out on the reef each β-ile of the creek about seven or eig.it foet There in a linereef about, fifteen inches wide, but I have seen no gold in the stone yet. 1 have knocked off three men to-day for awhile until I get better prospo.-ts. I hive about fifteen tons of general stuff iu the paddock whicii ought to pay well for crushing, as I wai very careful not to have any stutf except wLat was carrying gold. I also about two hun wed pounds of specimens and picked stone, including wlut you have in Auckland. Ido not think Blaqkmore's stiff will be finished befoie Christmas. If you Wniitcd to crush anywhere clso 1 think it w.mld be advisable lo crush tons of stulf from the crow' reef, where the best of the gold v.";ii! j/O?,.—Thoß. CAftS.ol-L-

OLD CALEDONIAN GOLD-MIMING -I'ANY Rr:iual meeting o; the Oi<l CMe.ioni.in Con., ■ >yeas held alVi.rii-jn.-', --\t the office "f tii2 scorctiiry, Nc-w 3..\i;..iu, li>.>v.r:uice Euilui.'frt. Mr. C. J. :itiurr, ->*.-uj'iMil the ohnir. Tbe following report wa» submitted to the ahirehoWicrs : — In presenting their n>st report, the diroctors would remind :harrbol lers mat in May, J.VJ the Caledonian Gold-mining Ooiipany, Limited. ,:iid oxpen led all their available aipit.il in prospecting works and i,-i purchissing the mine and plant from the mortgagees, the Thames Uounty Council, and it bourne neco3sary to re-form the company with larg-r capital, to carry on mining operations. The present comp my was then formed with a cap talof *12 UUO, ioil the property was taken over from the olti compauy. since 'iat 'ime 220 tone of quartz '.live beou crush id for a return of 12Soz-!. of gold, valuod .it £.j3S i:< 2 ( 1, and the percentage from tributers yiilUon £SM'> 16* !xl. The company has been at considerable cipenso, which has necessitated the calls made. In carr; in,' on ej. :ansive prospecting works, and contributing heavily to the Hauraki Pumping Company, in addition to which another stoppage of the bin pninphavin.; taken uluue. your directors feel it necessary to purchase, on l-a'ialf of the compiny, an eighth interest, in the plant. Pumping is now carried on by the various companies interested under the title of the llaur,iki Pumping and Drainage t.'ompauy (Limited). The accompanying report from the mine manner will inform shareholder* of the works completed and in progress, and the directors have great ple.isure in twin/ able to congratulate them on the improved value of thu mine owing to the recent important nnd in the Mo. 1 level in the Otago portion of the property, and there is every reason 10 oxpect a brighter future for tha company. The Red Queen Company's property has oeun purchased by this company for 30) shares, and it is considered a very desirable ad.lltioo to the mine. The balance-sheet will give all information as to tho financial position of the company. In ucc rdanoe with tlie regulations of the company, i.ll tho directors retire from olUee, but being eligible offer themeoives for reelection Tha ."Secretary read «. detuiled reperfc from Mr. T. B. Hickn, tho mine manager, and the balMicesheet. The statement of accounts showed the receipts, from the month of May, 1880, to tho close of Ootober last, were £4565 V 3* Id, which included a bank overdraft of f6.il) ;Ja 2.1 ; hiiil the expenditure, £4 10s cash in liiind, to £5525 Wi 3d, tho dirl'ereiico being represented by a bank overdraft of £660 3* 2<J. Th« Chairman, in a brief speech, reviewed the histury and progress of the company sinca ita re-formation, ;tn<l stated that 1701bs. of picked stone were now in hniul. Hβ conolurted by moving tiie adoption of tho report and balance-sheet, uml the motion, being seconded by Mr. J. M. Lennox, wua carried unanimoualy. Mr. Joxliu l Jiicksnn moved, nnd Mr. Slater sucondeil, " That the directors for the ensuing year b« Messrs. O. J. Stone, C. B. Stone, G. H. Lav.rs, J. M. Leunox, and Dr. Campbell." Tho motion was carried unanimously. Mr. J. AVaymouth waa re-appointed auditor.