THE GOLDFIELDS.

New Zealand Herald, Volume XXVII, Issue 8353, 5 September 1890, Page 6

THE GOLDFIELDS.

[iIPBOM OUB OVTS CORRESPONDKNT.] Thames, Thursday. ' Shamoubket.—Cambria, 2s 6d, sellers, 2s 8d; Caledonian, sellers 2s <kl; Dives, sellers 2s 8d ; Manukau, sellers hi Id ; May Queen, 12s, 12s 6d, buyers 12a 4d; Moanataiari, buyers 7s; Alburnia, sellers 5s 6d, buyers 5s ; Saxon, sellers 6s 6d ;; Trenton, 2s 9d, 2e lOd, 3s, sellers 3e 3d, buyers 3s ; Orlando, sellers Is 2d ; Freedom, sellers 2s 2d. Tbkxton.—Crushing for this company will be commenced at the Cambria battery bo-morrow. Moanataiari.—Forty pounds picked stone were obtained this afternoon from the Reuben Parr reef in Noe. 4 and 5 stopes above 100 ft level. Victoria.—Tenders are to be invited at once for driving a crosscut into this company's mine ftoin the Prince Imperial No. 3 level with the view of intersecting the continuation of the Waiiotahi Company's reef. Gold Retcrns.— During the month of August the local branch of the Bank of New Zealand purchased the following quantities of K°'d : — Thames Borough, 1520ozl.Wwt; Thames County, 4460z ldwt; Piako County, 1440z lldwt; Ohinemuri, 1420z 16*-wt; Coromandel, 107oz 15dwt; total. 23620z Sdwt Saxon.—The Nos. 2 and 3 reefs in the eastern drive, at the No. t> level, :ire nowseparated only by about a foot of sandstone, and there is every appearance of their coming together a few feet ahead in the drive westward. No. 3 is about two feet thick, and shows a little gold, beside* being heavily mineralised. At No. 4 level the drive upon the new reef has been suspended for a short time, in order to allow the leading stope to be brought along and the drive timbered, with the view of putting more men on to the stope. The reef is looking very well, and likely to prove of great importance. Warden's Court. —At the usual fortnightly sitting today the following licensed holdings were granted: —Goldwater, Oriental, Souvenir, and Kenilworth. An application by G. F. Brimblecombe. for machine site and waterrace at Tararu, was granted. and the application for use of the tunnel :tt Tararu to the Norfolk Company was granted as far an the tunnel was within the groldfield. A number of applications for special claims and licensed holdings were adjourned, tu also was the eve of the Mining Inspector v. Adam Elliott, and J. McDermott v. J. Darrow i\nd others—the latter being a claim for £IGS extras in connection with the removal and erection of a battery from Waiomo to Tararu. Paeroa, Thursday. A man named Hancock has discovered a fair looking reef neur Waihi. Mr. J. yV. Walker, late of the Waihi Gold Mining Company, is commencing operations on a claim owned by himself at Waihi.

HAZELBANK G.M. CO.

A meeting of the shareholders of the Hazelbank (late theKurunui No. 1) licensed holding, Thames, was held yesterday at tho offices of Mr. F. A. White, Queenstreet. About fifteen shareholders were present, two-thirds of the total number of shares being represented. Mr. J. M. Lennox presided. It was decided to form a company, to be called the Hazelbank G.M. Co.. under the provisions of the Mining Companies Act, ISB2, with a capital of £10,500 in 42,000 shares of 5a each ; 21,000 shares, paid up to 2s, to be allotted to the original shareholders, ths rcttaining 21,000 shares to be issued on the following terms : —Threepence on application, 3d on allotment, and the balance in 3d calls at intervale of not less than a month. It was resolved that there should be five directors, the qualification for that otHce being the possession of '230 shares. The following gentlemen were appointed directors :— Messrs. J. M. Lennox, H. Green, G. li. Morpeth, J. L. Wilson, and James Frater. Mr. F. A. White was elected secretary, and Mr. T. A. Menziea auditor. The directors of the newly-formed company, at a meeting held afterwards, resolved to visit the Thames on Monday next to confer with Messrs. Coutts and G. S. Clark and others as to the beet way of oponing up the mine.

MINE MANAGERS' REPORTS. May Queen. —No. 1 lode : In consequence of the limited space for stacking quartz, underground, driving on this reef has been discontinued for the present. From three to four loads of quartz nave been broken. The reef in the face of the drive is inches wide, and shows first-class minerals for gold. No. 4 footwall branch : Tho stopes on this reef have produced a fair amount of good crushing dirt during the past week, gold being frequently seen through the quartz. Splendid ground for gold, with black mineral veins striking into the reef, shows in the face of No. 4 stope. About eight inches of capital grade ore is being saved here, and from 12 to 15 inches in the Nob. 2 and '.', stopes. A rise f or a fifth stope has been commenced. No. 4 reef east: The drive on the No. 4 reef east is now in a distance of 82 feet from the crosscut. The lode is still about two feel wide. Excellent sandstone still shows in the end of the drive. Some nice dubs of coarse gold were seen here on Saturday "last. No. 4 reef west towards the slide, The leading scope here has now been carried forward to the face, and the quartz broken therefrom left on the floor of the drive, as all the available space for stacking quartz on the brace will be required for the dirt broken from the drive and leading etope east, No further quartz, therefore, will be broken from this end until the hoppers are erected. Tho total length of the leading stope east and west is now 85 feet, of which TO feet has been timbered up. The reef throughout will average two feet in thickness, is well mineralised, and a little gold has boon seen. The contractor for the hoppers, shoots, etc., is making good progress, and .should the weather continue favourable he expects to have the work completed at the end of next week. Cambria.—The long-intended operation of prospecting the reef above No. 2 level upwards to the Nightingale drive, is commenced at last. There are 170 feet of backs unprospected, and it is just possible that the gold expected always in the reef in the locality of the operation may result in an important find of gold.