THE GOLDFIELDS.

New Zealand Herald, Volume XIX, Issue 6565, 1 December 1882, Page 6

THE GOLDFIELDS.

[FROM 01TB OWN CORRESPONDENTS.] Thames, Thursday. Welcome. — A meeting of the Thames shareholders in this claim was held last night. It was decided that a company should he formed and named the "Em- . press," with a capital of 22,000 £1 shares, 2000 of which are to be reserved for the benefit of the company. It was :..lso decided that the number of directors should be seven —four to be elected in Auckland, and three ' for the Thames. The following were elected 1 tor the Thames: —Messrs. Praser, Wilson, J and Carp&uter. This claim, which is situated immediately behind the Mariner, stands in a very good locality, and should contain a good portion of the Mariner reef of the Prince Imperial. " Socthkrn- Cross.—The winze on tlio boundary of the Prince Imperial having 3 been sunk to the same depth as the No. 4 • level of that mine, the manager, Mr. Coutts, 1 has now commenced driving on the footwall ■ of the lode to meet the Prince drive, so that 1 communication should be effected about the end of this week, as only a few feet separate the two workings. Pkixce Imperial,.—Cleaning up and re--7 tortiug will take place on Saturday. A 3 return of over 25000z5. is expected. [BY TELEGRAPH. —OWN CORRESPONDENTS.] ! Coromandi'l, Thursday evening, t Jcst-in-Time.—The manager having at , last obtained a Taugye pump supply of water 5 to the battery, has made a start with 10 head. Everything is now in good working f order. The machinery works very smoothly. I About one hundred tons will be put through. 5 Good crushing material is still coming from 3 the stopes. ] lona.—The manager is busy cleaning out r the shaft, and expects to bottom in about a , week. The machinery works well. There is a large tlow of water from the old workings. . Bkacu.—The new manager, Mr. Clymo, took charge of the mine a few days ago. The directors intend to push on the work ) vigorously. . United.—Good payable stone is coming , to hand from the old Pacific leader. Hie t shareholders are very well pleased with the prospects. [ K.U'asca.—This claim lodged 2030z5. of ! gold from the general ■ clean up. The , manager is pushing on the work of opening , up the mine with extra hands. The show generally throughout the mine is very good. A strong company have taken up the adjoining ground, and intend to go vigorously to work to develope Scotty's reef in the deep ground. Success.—The manager is pushing up the . rise with all speed. More or less rich stone comes to hand every breaking down. In the . f tope the walls are much improved. A good . haul of specimens may be made at any moment. ; Bismarck.—The tributers appear to have got on a good run of gold near the Tokatea boundary. Some very rich specimens and a quantity of picked stone are to hand. Tokatea. — The manager ia pushing on the main level on the hangingwall of the reef. A rise is also going up from this level to the intermediate, which will open a block on the , reef which should pay well. Blackmokk'.s. —The manager reports a good show of gold iu the new reef discovered between the two flat ones. It will strike : into the big reef, where the rich gold was L'ot soma months ago. It is intended to (levelope this section, and something good is expected. 1 Mr. Robinson, late manager of the Tiki Battery, is anxious to know how much amalgam was obtained after working the creek below the battery. Tikrsan's— The manager reports cutting ' a like leader, showing good gold, cross--1 ing No. 2 reef. The country is first-class. In the lower level a fair show of gold is also coming to baud. The reef has been worked ' to the Tiki claim boundary, aud gold is still ' showing. Or.i> Calkl>.>nian. — The annual general meeting of shareholders was held on Thursday, Mr. J. M. Lennox in the chair. The directors in presenting their second report and balance-sheet, regret that the operations ■ of the company during the past year have not been so successful as anticipated. The . mine manager's report was read, r.nd described the works in detail. The balancesheet showed receipts from all sources, £3595 3s 8d; inducing £424 14s Id, for calls ; £237 193 4d from tributers, and £2372 7s Id from gold. The expenditure amounted to £3235 0s 6d, which, with £660 3s 2d, balanced the account. The mine manager concluded his report by saying that nearly all the trial lots crushed would pay, if the company had a 20-stamper battery connected with their engines now idle in the mine. The auditor expressed a wish that the mine manager should keep a detailed property account, showing the wear and tear and variation in value of machinery.— The Chairman, in moving the adoption of the report and balance-sheet, said there was still prospect of getting gold. It was desirable to have a 20-stamper battery, if it could be erected.—The Secretary, in reply to a question, said that the unpaid calls amounted to £401. According to the mine manager's report 397 tons of stuff realised 4170/.s. 17d\vts.—Mr. Keesicg asked what means were taken to get in their calls.—The Secretary said that notices of liability to forfeiture had been served.—The report and balance-sheet were adopted. Mr. C. J. Stone retired from tlie direction. I)r. Campbell also retired by rotation, but was eligible for re-election. Dr. Campbell aud Mr. John Brown were elected directors. Mr. Jolm Waymouth was re-elected auditor. — Mr. Keesing suggested that means should be taken to enforce the calls.—The Chairman said the directors would keep the suggestion in mind, and something would be done.—Mr. R. M. Scott thought, as the matter had beeu mentioned, it would be sullicient to leave the matter of calls in the hands of the directors. —The Chairman, in reply, said the recommendation of the mine manager, "rc 20 stampers," was, that it would save carting.—Mr. Lavcrs said three was a great deal of low grade stuff, yielding from 0 to S dwts. got out. If this were crushed, it would probably pay working expenses. The carting of this stuff would cost a good deal. — Mr. Scott and Mr. Brown said the expenses of crushing was very small, aud the existing battery was very near the mine, so that tlie cost for cart'ng would be very slight. Bkicht Smile.—The mine mmager under date 2Sth inst., reports as follows :—"Since my last report I have crushed "0 loads of quartz and 2301b5. specimens and picked stone for tlie good return of liilozs. lOdwts. melted gold, which is at the rate of sozs. to the load. Since I have taken charge of your mine I have driven !)0 feet on the reef at a cost of £1 2s per foot. I have opened up leetof new ground eastward of Ara. towards the Jamaica and Candlelight ground. This carried gold as far as I have driven. I i intend to keep tlie drive going ahead until I I come under McCabe's winze, for the richest gold that was got in those claims was got in the Jamaica. The block of ground now opened up will give as good returns as this crushing. 1 have proved part of the ground in the top level. I will get out crushings as ; quick as I can. I hope to be able to report I a haul of specimens very soon." ! Detached Squadisox (Cou r m an del). — > Tlie following letter, dated 27th November, has beeu received by Mr. M. S. Leers from Mr. Cuter lleid : —"I have again looked over your mine, and I find that prospccts of gold have been obtained close to the boundary, and the present course of the reef goes through about the place where I got prospects myself, aud the same class of gold has been got in the adjoining creek, which shows well for the continuance of the reef through your ground." New C--KBY. —A new mining venture is now on the market, and it has been received with very considerable favour. Some time ago Messrs. I'rescott, Snowden, and and party Coromandel, took up a portion of the old Golden Point claim, near the Kapanga, and named it the Sapphire. Mr. Thomas, the manager of tile Ivapanga, gave them, on liberal terms, the use of a dry shaft 200 feet in depth, from which to carry on their operations, and this shaft being within a short distance of the boundary, is in every way adapted for their purpose. Since then the shareholders have purchased the Corby claim and battery, making the total area , tip to 27 men's ground, or 9 acres. The battery is a good plant of 9 head of stampers , driven by water power. At the 170 feet level the well known Scotty's reef has been cut, and the shareholders expect to strike the shot of gold in the low level of the Corby workings. The claim and property is : floated in SO promoters' shares of £50 each, ; of which 30 shares will be devoted to developiuc the mine, the remaining 20 being ; taken by the present shareholders. It is : intended to form a company to work the mine 1 in 20,000 shares of £1 eacb, nil paid up, and I

to carry on operations from the shaft already referred to, and the low level workings of the Corby. Tiik New Zealand Land Porctkase Quartz-crushing and Mixing Company.— i The first annual meeting of this company was ; held on Wednesday evening last, in the r office of the secretary, New Zealand Insur- ■ ance Buildings. The Chairman, Mr. T. , Holder, read the following report : —"In : submitting their first report and balanceI sheet your directors are happy to congratui late the shareholders on the improved ! prospects of the company. The improve- | L ment referred to has been principally caused , by the splendid returns recently given by 3 the Success mine, a portion of the Success , mine being situate on the upper portion of 1 the company's laud. In consequence of the f rich find here referred to several applications have been made to the company for leases J adjoining the Success claim. The discovery ; of plumbago on the lower end of the comI pany's property has also undoubtedly very , considerably increased the value of the 1 entire block owned by the company. Ten t acres of the Taumatawahine Mock has been 5 leased to the Plumbago Company, and 3 should the operations of that company prove successful, there is no doubt that one of the - consequences of such success would be to k. greatly increase the value of the Land Purchase Company's property on the Taumatawahine block, as it is extreme!}' likely that the deposits of plumbago will be found I to extend over the whole of the lower [. portion of the Taumatawahine block. The q directors have likewise much pleasure in t, informing you that the dispute between ° the Success G.M. Co. and Mr. Ring has , been amicably settled, and that there is not n now likely to be any unpleasantness or litieatiim between our respective companies, t In accordance with the articles of assoeiaa tion Messrs. Thomas Holder and E. L. e Stodart retire from office, but, being eligible, > offer themselves for re-election." The balance-sheet, which showed that the exs penditure of the company had been £203 i. 3s, and left a small credit balance, was - adopted. Messrs. Holder and Stodart were re-elected directors, and Mr. J Waymouth U auditor. A vote of thanks to the directors u concluded the business.