THE GOLDFIELDS.

New Zealand Herald, Volume XXVIII, Issue 8705, 23 October 1891, Page 6

THE GOLDFIELDS.

THE KAPANGA AGAIN ON GOLD. [BY TELEGRAPH.—OWN CORRESPONDENT.] ■ i : / ' Cokomandel, Thursday. The Kapanga baa been getting rich stone in the winze from the 300 feet level. The new ground is likely to bo a very good block. In the Coromandel mine sinking the shaft continues through good country, while the water is very light. [BY TELEGRAPH.—OWN CORRESPONDENT.] Thames, Thursday. Calliope.The contractors for extending tho main drive are making fair progress through a rather tight bub congenial class of sandstone. Tho reef in the face in about six inches in thickness, and at the last breaking down showed colours of gold pretty freely, but a few feet back from the face the reef was about three feet in thickness. Its quality is best however when ibis small in size. Wages men are employed in stoping upon the hangingwall leader back towards the Albumin boundary, and in carrying along the leading stops over the contractors drive. The hangingwall leader is divided into ribs of quarts, and yiolda about six inches of crushing dirt, in which colours and dabs of gold are frequently seen. There still remains about 15 feet to drive back upon this leader to the Albumin boundary. In the leading stope both tho hangingwall and foobwall leaders aro being operated upon, tho former being six inches in thickness and the latter three inches, A little gold is seen in both of them, bub nothing very rich. Moanataiari.—The western drive upon the Golden Age reef at the 100 feet level was again resumed on Monday last, bub so far operations havo been confined to stripping in the eastern drive upon the same body. There is a considerable improvement, for -.up to within a few days ago there was only the clay formation of the reef to follow,' but now quartz is commencing. to make again, and during last night's shift four or five pounds ot medium picked stone were secured. The reef is also improving in the stope directly overhead, colours of gold being seen pretty freely, eo that it is quite possible this portion of the reef will yet pay for taking out. The other stopes on the reef are without any material change, with tho exception that the quartz is not nearly eo rubbly as it was a short time ago, but is making moro solid. A little gold is seon, but the bulk of the quartz is low grade, quantity making up somewhat for quality. At the Point Russell level, the staff of men upon the Golden Age reef has been slightly increased, the immense size of the reef permitting this to be done without any inconvenience. A little gold is seon throughout, but nothing very rich. Only one stope is at present in progress, upon tho main footwall reef above tho 100 feet level, and operations at that point are at present chiefly confined to preparing for a connection with the Point Russell level in order to provide for better ventilation. One stope is also in progress upon the vertical leader, but the supply of quartz won is limited. Below the 100 feet level the eastern end of the stopes upon the flat lode nro now within a very few feet of the floor of the south crosscut, and last night a few pounds of picked stone were obtained from the hangingwall portion. A few pounds wore also obtained from the lode a little further back, where itis aboutafoot in thickness. The western drive upon the Reuben Parr reef at the intermediate lovel is at a standstill for a few days, but stoping overhead is proceeding as usual. A little picked stone was obtained yesterday a few feet in from the eastern egd of No. 1 winze. In tho Union section driving upon the small leader is proceeding as usual, but so far no gold has been seen, although tho mineral indications are very good. To day strong quartz appeared to be making in the face, which it is thought will turn out to be the footwall of the Reuben Parr reef. At the battery crushing for the company 13 being carried on with 30 head of stampers.

ALFRED G.M. CO. £.* An extraordinary general meeting of the Alfred Goldmining Company was held yesterday in the Chamber of Commerco, Mr. S. T. Georgo presiding. The chairman explained that the object of the meeting was to consider tho position of the company. They had opened up a large block which was now ready for working, but liabilities had been incurred and the directors did nob see their way to proceeding further unless they were placed in funds. To test the feeling of the shareholders he would move that the company be wound up voluntarily under the provisions of the Mining Companies Act, 1882. Mr. James Reid soconded the motion. Mr. A. Kidd regretted that after they had opened up the " mine they should have ,to relinquish it, but unless tho shareholders were prepared to pay a further call of 2d or 3d to pay off the liabilities, and leave funds in hand to work the block, there was nothing left for them but to go into liquida tion. The motion was put to the meeting and carried. On the motion of Mr. D; B. McDonald, Mr. Young was appointed liquidator, with an advisory board consisting of Messrs. A. Kidd and S. T. George, the remuneration of the liquidator to be £10 10s. The chairman reminded shareholders that it would be necessary to confirm this resolution at a future meeting at which a quorum must be present. LEOPOLD G.M. CO. The annual general meeting of the Leopold Gold Mining Company was held yesterday for the purpose of receiving the report of the directors, and to consider the future working of the mine. Mr. S. T. George presided. The chairman said there was no report, they had stopped work. The balance-sheet showed that they had £20 17s lOd in hand, and their, liabilities were £6 6s. Tho 'oahinco-sheeb was adopted, and the chairman then moved that the company bo wound up voluntarily under the provision of the Mining Companies Aot, ISS2. Mr. Reid seconded the motion, and ib was carried, and Mr. J. Young was appointed liquidator at a fee of £3 3s.