THE GOLDFIELDS.

New Zealand Herald, Volume XXVII, Issue 8354, 6 September 1890, Page 5

THE GOLDFIELDS.

[BT TELKGKAI'II.—own correspondents.] Thames, Friday. Siiaremarket. —Blanche 7d, sellers 8d ; Cambria, sellers 2s 8d; Caledonian, sellers 2s 4d ; Consols, sellers 8d ; Dives, sellers 2s 6d ; Freedom, sellers 2s 3d; Golden Age (late Pinafore), sellers Is 3d; Manukau, sellers Is; May Queen, buyers 12s 6d; Moanataiari, Ss, buyers 7s ; Alburnia, sellers 5s 3d ; Fearnought, sellers 9d ; Norfolk, sellers 2s 2d ; Orlando, sellers Is 2d ; Trenton, 3s 4d; Victoria, Is 6(1, sellers 13 7d. May Queen. —A further parcel of 101b of picked stone was obtained to-day from the footwall branch of No. 4 reef. Lanigan's Claim (VVhangapoua).—The trial crushing of 20 tons of quartz from this claim was completed at tne Moanataiari battery this evening for a return of 40oz 6dwt of retorted gold. The return is looked upon as being an exceedingly good one, as the reef is of large size, and the quartz treated was a fair sample of its quality. A ten-stamper battery is now being erected on the claim. Bio Pomp.—ln order to eke out the supply of coal on hand the manager is keeping two boilers going with sawmill wood, which is acting very well, and goes to show that if the coal supply runs out entirely, the steaming power can be kept up with wood, and thus prevent any stoppage of pumping operations. The cutter Dream is on her way here from Auckland with a shipment of coal, which will help materially. Te Aroha, Friday. Mining matters here are at a standstill, but we snail soon have some definite knowledge of the intentions of the Te Aroha Cold and Silver Mining Company—their protection' order expiring on the Bth of October. SURPLUS G.M. COMPANY. Mr. Menzies, of the firm of Saunders and Co., received a cable yesterday afternoon, advising him that the Surplus claim, ICuaotunu, had been most successfully floated in Sydney. The claim adjoins the Great Mercury and Red Mercury, and will make a name for itself in the future. Numerous reefs run through the ground. A powerful company in Sydney has taken up tne claim, and intend to thoroughly prospect and develop it. Batteries will be put on shortly, and in the spring all the mines should be in full swing.

THE VIZARD LICENSED HOLDING.

A meeting of the shareholders in the Vizard's Licensed Holding was held yesterday, when it was decided to form the claim into a company under the Companies Act, with a capital of £10,000, divided into 40,000 shares of 5s each, nil paid up. Messrs. Porter, Morrin, and Vizard were appointed the first directors, and Mr. S. Thorne George was appointed legal manager. OWERA GOLDMINING COMPANY. At a meeting of shareholders in the O v "a Goldmining Company, Whangapoua, i.cid yesterday, Mr. John Brown being in the chair, it was resolved, " That the Company be registered under the Companies Act, 1882, under the name and style of the Owera Goldmining Company, (Limited), with a nominal capital of £12,500 in 50,000 shares of 5s each, 3s per share paid up." The Memorandum and Articles of Association were adopted, and Messrs. John Brown, E. T. liufaur, A. R. Watson, D. B. McDonald, John Barrett, and Tapu Manihera were elected directors. Mr. D. G. Mac Donald was appointed secretary, and Mr. B. Gilmer, auditor. The Colonial Bank was appointed the Company's bankers.

MINE MANAGERS' REPORTS. Trenton.—l heard yesterday that the new lode in the Saxon at No. 4 level is looking very well indeed eastward, and that the face of the drive was not more than 60 feet from our boundary. The lode, I was told, is 2 feet or more in width. I waited on a party this morning with a view of seeing the point referred to, but it was not allowed. I learnt, however, that the face of the drive is not more than about 30 feet from the boundary. The lode is running almost parallel with our footwall lode and about 100 feet'in the footwall. lam glad to be able to communicate such good aewc to you and the directors. We shall commence crushing to-morrow morning. We no gold when breaking down the 1 I . in the stopes above No. 4 level. It Wni average 4 inches in thickness. More quartz is showing in the drive east of junction this afternoon than I have seen before, but the stone is of an inferior class for gold as yet. No change in the new crosscut to mention.

Adeline.Since m, last report I have extended the crosscut another 14 feet, making in all 59 feet; I cut the reef yesterday, it is very much broken up at present, being split into three parts, as there is a slide crossing it at this point; the middle portion of the reef is about 6 inches wide, there is gold showing in the stor*>. and it gives a very fair prospect in the di' T am going to drive north on it for a st think it will make a solid reef, as soon as the slide is passed ; but before I start driving I will have to timber the crosscut in places to keep it open. I saw Mr. Giddell about his application for extension of time, he said to tell you he will keep on prospecting till the term of his present tribute expires, when, if he f ids anything, he will renew the tribute on the terms mentioned in your letter. Prospectors (Puhipuhi).—Eraser's crosscut : Since work was commenced here the drive has been extended 196 feet through a very good channel of country. Two small lodes have been met with and cut through, each showing silver glance and other minerals. No. 2 level: This has been extended 16 feet through rather tight country. Since the change I informed you of the country has been a little broken, which, I believe, will be got through in a few days into solid country again. and the reef make into a solid body of quartz. I have every reason to believe that the reef from which the looso stones showing silver came (near the battery site) has been picked up, but I cannot be quite certain until more work has been done to prove it. Mr. Tucker brings in some stone from here fc ar inspection.