THE GOLDFIELDS.

New Zealand Herald, Volume XXII, Issue 7467, 24 October 1885, Page 5

THE GOLDFIELDS.

, » [from our own correspondent.] Thames, Friday. Cambria.— I can add but little to the mine manager's report. The second stope in the cross lode has almost been carried homo to the main reef; and here there is abundanoe of excellent mineral, with which gold is freely intermixed. The same show which was visible last week overhead remains. Rising for another stope will be commenced in a day or two. This stope is also being continued towards the face of the drive, with a slight addition to the show of gold. In the third stope eastward on the main reef, about 30 feet from the winze, from No. 2 level, is a splendid show of first-class mineral, and I should not be surprised if the next ntope disclosed specimens. This mineral cannot but furnish excellent crushing dirt. The western drive on the main reef has holed through to the Darwin cross-cut. Sinking the Darwin shaft will probably be commenoed to-morrow. The manager informs me that a handy rock-drill has been ordered, which is a step in the right direction. ! Golden Crown.— shaft lode in the face of the drive is now smaller, boing about 3 feet wide. Gold was seen in the hangingwall yesterday. A leading stope is being carried along fromthochamber,and oneißalsoproceeding about half-way to the face. Gold is seen in both places. About 125 feet remain to be driven to the Darwin boundary. A wide winze is being sunk on the leader near the Waiotahi boundary. The lode is about a foot wide, and colours of gold are always seen, a little pioked stone coming to hand occasionally. Rising on No. 5 reef is in progress at No. 3 level. The lode is mullocky and the quartz gritty, but colours of gold are seen. The crushing is payable. Mancka.ii.—Driving in the drive from the Waiotahi mine has been suspended this week. The stopes exhibit little alteration, gold being seen in breaking down. In the drive from the Golden Crowd a better class of country is coming in, Saxon.—The leader below No. 5 level is about a foot wide, and the only work going on is stoping. Excellent stone is abundant, and a little picked stone is obtained occasionally. Stoping is proceeding vigorously on No. 1 reef at No. 3 level, and here also colours of gold are seen. A rise is being put up in No. 2 leader at this level, and colours of gold are seen. Crushing is proceeding. Devon. —The eastern stope has been carried seven or eight feet over the crosscut, and the manager thinks the stopes will lengthen in this direction upwards. The reef generally averages from 18 inches to two feet in width, and colours of gold are seen. Two new stopes, one eastward and the other westward, are being started. Rising will be resumed next week. Albdrnia.— The No. 2 winze on the Success lode is down about 16 feet. The lode at present is four feet wide, but seems to be contracting again. Gold is seen freely, but little quartz worthy of being classed as picked stone is coming to hand as present. A winze will shortly be started on the Star of the South lode. Bright Smile. — Stoping is proceeding with the full force, six hands. Six faces are open, four south and two north. The leader shows gold at every breaking down, and twenty pounds of specimens were obtained from the second and fourth stopes yesterday. Eeueen Parr.—Stoping has been started in the winze, and twenty-six poundß of specimens were obtained to-day. Oriental (Otonui).—lt has been decided to crosscut for the Bonanza reef, known as No. 2, from which the tributers have obtained excellent returns, the last crushing being 115ozs. gold from 48 tons of quartz. It is estimated that 125 feet of driving should see the reef to hand. [BY telegraph.—own correspondent.] Thames, Friday evening. Sharemarket. —Cambria 25s 6d, sellers 2(5s 6d. buyers 25s tid; Manukau 2s Id, sellers 2s 3d ; Moanatairi Extended, sellers lOd ; Saxon, sellers lOd ; Devon 3a Id, sellers 'M ; Alburnia 3s 2d, 3a 3d, sellers 3s 6d, buyers 3a 2d ; Scott, buyers Is ; Crown 6s Sd, sellers 7a; Diamond Is 6d, sellers Is Sd, buyers la 6d ; Kenilworth 3s 9d, 3s 10d, sellers 4s. ROADS AT KARANGAHAKE. A meeting of directors in the various mines of the Karangahake district was convened to be held yesterday at noon, at the Chamber of Commerce, to consider the question of the formation of roads for the conveyance of quartz. There were present Mr. A. Porter (*.vho waß called to the chair), Messrs. R. Spratt, J. Jackson, Morpeth, G. Aickin, P. Comiskey, A. Kidd, W. S. Wilson, R. K. Davis, H. Shepherd, A. Saunders, J. W. Walker, and I). G. Macdonnell. The Chairman explained the object of the meeting. Aa they were aware, a large sum had been placed on the estimates for roads on goldfields, and, as there would be numerous applications, the rule would no doubt be followed that the first to apply would be first served, and unless they got for the district a portion of that vote, the opening and development of the district would be retarded. At present there was no local body in the district, as the County Council would not be elected until the 11th, and it was suggested that the directors of the mining companies should take the preliminary steps, as £4000 or £5000 would be required for the road. The Government would grant a subsidy of £2 to £1. When the new Council started they would not be in funds, or able to contribute a third of the cost, and it might be necessary for the Karangahake companies to do as was done in To Aroha, pledge themselves for the amount in order that the subsidy might be at once applied for. A general discussion took place, in the course of which the Chairman explained that what was required at present was £50, to make the survey and estimates, in order that they might be ready to handover to the County Council when they were elected, so that no delay should take place. The Crown Company, of which he was a director, would undertake to contribute £20, and Mr. Davis on behalf of the LaMonte and United claims promised a contribution of £5 from each, if the other companies also contributed. Finally, on the motion of Mr. Saunders, the Chairman and Messrs. Shepherd, Kidd, and Comiskey were appointed a committee to make the necessary arrangements, and to assess the proportionate contributions from the various companies interested. A meeting of the shareholders in the Thunderbolt licensed holding was held on Monday in the office of Mr. Wallnutt, Insurance Buildings. A company was agreed to be formed UDder the Mining Act, 1572, called the Mint Gold Mining Company (Limited) ; nominal capital £10,500 in 21,000 shares of 10s each, nil paid up. The following were appointed directors : Messrs. John MoCabe, H. C. Choyce, Robert Garrett, F. Quick. Mr. W. Wallnutt was appointed legal manager, and Mr. M. Leers auditor. The directors met after the meeting, when directions were given to commence work on Monday next on the reef found in the ground. The company starts with £220 to its credit.