THE GOLDFIELDS.

New Zealand Herald, Volume XXXIII, Issue 10117, 28 April 1896, Page 6

THE GOLDFIELDS.

(BTTSLEOBAPH.—DWIf CORRESPONDENT.] ?•■"-; Thames, Monday. Sharemarkkt.— X Hill, tellers Is; Bunker's Hill, tellers 8t ; Cambria, sellers Is 6d, buyers Is 3d; Cardigan, sellers Is fid ; Golden Point, sellers 2s, buyers la 9d; Kuranui, sellers 2s 6d; Moanataiari Extended, sellers, 6d ; Moanataiari, tellers 12s; New Whau, sellers lOd, buyers 8d j Sheriidan, buyers 6d; Victoria, sellers 3s 6d, buyers 3s 3d. .;. : ,V ' . % Cardigan.—The prospecting crosscub ab No. 4 level was extended a further distance of 36 feeb last) week through a fair class of country, but no quartz was met with. Victoria.— company's crushing of 158 loads of general dirb and a parcel of picked stone was completed at Bull's battery to-day, for the excellent return of 1750z 13dwt of melted gold. • Broken Bill (Tairua).—Mr. Peter Hansen leaves here to-morrow morning with a staff of miners, for the'purpose of thoroughly testing this property on behalf of Mr. Jonathan Seaver, who is negotiating for its purchase by an English syndicate. Scandinavian (Tararu).—This company has had a cleaning up for a return of 350z 9dwt melted gold, bub the tonnage treated for the, same has nob been announced. I understand thab all the men employed in and aboub the company's minci have been discharged, bub whether this means the permanenb or only temporary shutting down of the mine I cannot say. V Golden Point (Tapu).--Tho sinking of the well-hole in the bottom of the shaft is still being continued, bub is expected to be completed to-morrow. The driving of the western crosscut towards Bull's reef, at the 200fb level has now been commenced, and is already extended a distance of eight feet. Tenders will shortly be called for driving the western crosscut). " - ~ ThamesHauram.— Beauty, Deep Sinker, and Deep Levels Consolidated mines were today assigned over to and registered ab the Warden's. office in' the name of the Thames-Hauraki Goldfields Company, after.which Messrs. Haggard, McCarthy, and Miller, in ' company with Messrs. Harris and Dunlop, handed over possession of the same to Mr. Haggard, and Mr. Harris performed a similar ceremony on behalf of the Deep Sinker and Deep Levels Consolidated sections. I understand thab Mr. Dunlop has been appointed mine manager, and assumes the duties of his petition on behalf of the new company at once. The contractors for tho stripping and enlargement of the Queen of Beauty shaft commenced their operations to-day. __

RAZELBANK-KURUNUI.

FLOATED ON THE HOME MARKET.

TERMS OF SALE. A cablegram was received yesterday by Mr. F. A. White from Mr. T. Melville, to the effect that the Hazelbank and Comer's Kurunui properties combined had been floated on the Home market. The new company has a capital .of £175,000, in £ shares, of which 150,000 shares form the present issue, 25,000 being reserved for future working capital, £25,000 working capital to be provided out of present issue. The present fiazelback holders will receive about Is per share in cash, and 85 fully paid-up shares for every 100 now held. The Kurunui section is the ground held by Mr. Comer, on which he has erected a 20 stamp battery. She new name of the company is the '" Kurunui-Caledonian," and. 70,000 shares were offered to the public at par. /

COROMANDEL FREEHOLD PROPRIETARY.

SALE COMPLETED.

A few days ago it was announced that the contract for the sale of the Cpromai'del Proprietary had been signed. Yesterday .morning a cabregrara was received by Mr. H. GilSllan, Jan., stating that the deposit of £500 in connection with the purchase of the property had been paid. Later on a further cablegram was received to the effect that the sale of the property had been completed and that the agreement for the sale had been signed. A private cable received during the day was to the effect that the property had been absolutely sold. The terms of sale are that the new company shall have a capital of £200,000, in 200,000 shares, of which number 40,000 fully paid up are to be allotted to present local shareholders, who also receive £12,500 cash. A working capital of £40,000 is also to be provided.

MAY QUEEN. i A meeting of May Queen directors was held yesterday, and further progress was made as to flotation in matters of detail. It was evident that the flotation appears to be drawing to a satisfactory close.

GOLDEN TOKATEA G.M. CO. The half-yearly meeting of the shareholders in the Golden Tokatea Gold Mining Company was held yesterday, at the office of Mr. W. R. Waters, Victoria Arcade. Mr. W. Ledingham presided. A report as to the work done was received from Mr. A. E. Argall, and also from the mine manager. The statement of accounts showed cash in hand £480 17s 6d. It was stated that the prospects of flotation were .considered excellent. The reports, etc., were adopted, and the directors were empowered to ask for absolute protection.

VICTORIA G.M. CO. (NO LIABILITY).

An extraordinary general meeting of the Victoria Gold Mining Company was held yesterday afternoon at the Chamber of Mines, Mr. G. S. Kissling presiding. Mr. J. J. Macky read the advertisement, explaining the object of the meeting, namely, to rescind a former resolution and empower the directors to sell the property. The Chairman explained that the directors did not disagree on the terms arranged at the meeting on the 20th March, but the conditions prescribed in the resolution then passed were such that the directors were not able to make a satisfactory sale. ' This meeting was therefore called for the purpose of rescinding the resolution then passed m order that the directors might be empowered to dispose of the company's property to the best advantage. He moved, "That the resolutions passed at a meeting of shareholders, held on the 20th day of March, 1896; authorising the directors of the company to sell and dispose of the property on the terras stated in such resolution be and the same is hereby rescinded." Mr. J. Batger seconded the motion, and explained that the. directors did not propose to sell on less terms than were proposed at the meeting of the 28th March, but they had lost the opportunity of selling on better terms, for if they did not sell on the terms prescribed in the resolution, they could net sell at all. . The motion was carried. The Chairman then proposed, "That the directors be empowered to sell and dispose of the company's property on such terms as they thought fit." It was seconded by Mr. Nathan. An amendment was moved by Mr. Court, "That the directors be empowered to sell and dispose of the company's property conditional on their submitting terms of sale to the shareholders prior to the completion of the contract, ■ and that a bare majority does not signify objection to the terms of sale. : ' It was pointed out that such a proviso would prevent any negotiations, The amendment, after some discussion, was lost, and the motion was carried as proposed. _

OCCIDENTAL G.M. CO. (NO LIABILITY). An extraordinary general meeting of shareholders in the Occidental Gold Mining Company. Thames, was held yesterday, at Mr. S. C. Macky's offices, Victoria Arcade. i There was a full quorum, in person and by proxy, as required by the rules, and in the absence of the chairman, Mr. Robert Comer, one of the directors was called to the chair. .Alter the proceedings had been formally opened, the series of resolutions advertised were moved by Mr. A. Wright. ; They provided for the increase of capital by the issue of ■ 20,000 ?■ shares - of Is 6d each,| the authorisation* of ■; the ? purchase .of ■• the North Star' and ,Webster;: claim, ; tor shares, and the delegation of; authority to the directors on such terms and conditions as they thought fit. :,«• The resolutions being seconded by Mr., J. i Macky, were carried en bloc. , The minutes were confirmed, and it was intimated to the shareholders that a subsequent meeting would have to be held to confirm the resolutions. . >

~ t WAITEKAURI NO. 4. • - In regard to the cable message received with regard to this company (and tits flotation, the directors have received the following second and corrected cable ;«£! In regard to your cable dated 20th, the contract was signed 21st April. . Propose to issue within next few days." , ■-■ , ;.:/

H-GOLD MINING NEAR WAIMATE. "£ . I The ' appeal for ' more funds, made by the local syndicate that is ' working ' on the reef, discovered * near-"Waimate; North, Bay t of Islands, has not 'been' responded 1 to as it should have ; been. Only a few,people in a district like this are able or willing to go into mining vestures. i Notwithstanding this lack of- 'support," ..the >' original ■' promoters are plriokily going forward.'. The stone at first showed value about j £2 10s per • ton. . The stone now being got out is of»better class.

. AUCKLAND SHAREMARKET. ; ' 1 The week opened well on the Auckland Sharemarkat yesterday, there being i buyers of bat one short of 90 different stocks. .(The investment list was again well watched, and there was more than a good average of offers, though ;no actual * business was recorded. The main feature in Thames stocks was again the call for Hazelbanks, consequent upon receipt of news of flotation,; these were done at from 4s to 4a 2d, with, at closing, sellers at 4s 3d and buyers at 3s lOd. New' Alburnias hardened on it becoming known that the [company had successfully gone to allotment in London; there were sales at 5s 6d, with still a demand at that, holders declining to sell under 6s. For May Queens,' 7s 6d : for Monowais 4s 9d, and for Moanataiari* Us were offered, but sellers would not look at the prices. Invictas claimed some attention, and Jupiters were transferred at 3s 4d, Queen of Waihis changed hands at from 2s 3d to 2s 6d, with still buyers at 2s 4d. Talismans saw business at 10a: Woodstocks at '20s; Waitekauri No. 4's at 2s sd; lesser-priced lines being also dealt in. There were buyers of WaihiSilvertons at 71s ; and of Waitekanris at 955. Sovereigns were steady. Bunker's Hills were transferred at 7s 6d with a decided tendency to harden, as had also Coromandel Freehold Proprietary! at Is 6d.

FREE EXCHANGE. The following sales were effeoted yesterday at the Auckland Free Exchange :— Moanatairi North, sid ; Cardigans, Is sd; Day Dawns, 6Jd: New Zealander, 7Jd; Stanleys, 8d; Waihi Dredging, 4d; Phoenix, 4d; Aurora, 2d ; Monarch of All, sd ; Gisborne, sd. There were buyers as follows :— Alburnia East, 4d ; Broken Hill, 7d; Cambria, Is City of Dunedin, Is 8d: Hazelbank, 3s 9d; May Queen, 7s (3d : Monowai, 4s lOd ; Moanatairi North, 4|d ; New Whan, 7d; New Alburnia, 5s 3d Norfolk, 3s 6dj Orlando, 6d; Royal, 9d; Victoria, 3s 2d; Comstock, 4d ; Bell Rock, 6d; May Queen Extended, 6d ; Freedom, 6d; Cardigan, Is 4d; Kaiser, 7d: Golden Point, Is 7d: City of London, 8d; Scandinavian, 7d; Alpha, 3s 9Jd; St. Patrick,- SM; Day Dawn, sd; Golden Fleece, -6d: Grace Darling, Is 6d; Imperial, Is sd: Ivanhoe, 7(1; New Zealander, 6W; Nil Desperandum, 3d ; Portsea, 63 Stanley. 7d; Sterling, BJd ; Sovereign, Is 6W; Waihi . Consols, Is ; Zion, 6Jd ; Jewel (paid up), 6Jd; Jewel (contributing), 3d; Mangakara United, 7d; Talisman Extended,' Is sd; Waitekauri South, 6dj Waihi Extended, lOd ; Wealth of Nations, 3d ; Waverloy, laid; Young New Zealand, Is 4d; Golden Spur,- sd; Queen of Waihi, 2s 3d; British Empire, 4*d; Waihi = South, Sid; Waihi Dredging Company, 3,M; Invicta, 6fcd; Golden Anchor, 8d; KapaiVermont, 7.1 9d; Phcenix, 3d; Waitaia. 3s Id; Aurora., 2Jd; Great United, 2d; Monarch of All, 3Jd ; Bunker's Hill, 7s sd; HaurakiNo. 2, Is 3Jd: Hauraki South, Is 4d; Pride of! Is Id; Welcome Find, Is 9d; Coromandel Freehold Proprietary, Is 6d; Four-in-Hand, Is 2d ; Hauraki North, 2s 2d.• .

GENERAL MINING ITEMS. Mr. John Pascoe, miuiug export to the African Austral Mining Syndicate, has arrived in Auckland for the purpose of acting with Mr. Leo M. Myers as to investments in New Zealand mining properties. Our Paeroa correspondent writes in answer to the letter of Mr. Grey about the Sterling mine, but it is unnecessary to publish his letter m extenso. The difference of statement as to the width of the reef arises from the peculiar class of country, for Mr. White considers the conglomerate formation accompanying the body of quartz in question all reef. Our correspondent says.—"lt is, of course, bard to say what the formation may develop into, for T it undoubtedly carries a lot of quartz. Yesterday, when I called at the mine, it seemed to be coming up very strong from the bottom of -the level, while the 18-inch vein of quartz had also widened out considerably." Mr. James Slator, architect, draftsman, etc., of Queen-street, will publish a map of Ohinemuri mining areas this Tuesday morning. It shows the Marototo, part of Wires, Waitekauri, Karangahake, Owharoa, Waihi, and intermediate districts, and is the most comprehensive map yet published. It was lithographed at the Herald office.

MINE MANAGERS' REPORTS. Maoriland (Kuaotunu, April 27).— the Black Jack section we have cat a nice-looking reef from 12 to 18 inches thick giving fair prospect*. Premier (Kuaotunu, April 24).—Engaged during the week uncovering outcrop of quartz. No gold has been obtained from this portion of the reef. Gladys (Kuaotunu, April 25).-The winze: The reef continues about the same. The leader in the south end of main crosscut is only about four inches, and prospects equal to 2ozper ton. , Waitaia (Kuaotunu, April 24).—Drive going north: The reef formation is from 12 to 18 inches in width, consisting of quartz stringers and country intermixed. Have started driving in the south face of Barrett's level. Fair crushing dirt is coming to hand from this end, although the leader is small in the face of drive. Princess May (Manaia, April 24)— Struck a two-inch leader of fine-looking compact ore, about two feet apart from the hanging, wall lode, with which it is connected by a stringer .carrying gold. I obtained some stone showing good colours of gold on the floor near the spot where the first lot of picked stone was procured, and where we are sinking the winze. CIIELT (Waitekauri, April 22).—Low level is passing through a good channel of sandstone country. Maori Dream (Kuaotunu, April 20).— The crosscut: The ground is not so favourable as it was for gold. Tho crosscut for the new reef has been driven through splendid sandstone country. " Golden Spor (Waitekauri, April 25).— The reef last discovered is at present about 18 inches in width, and its appearance is very encouraging. Good-looking stone has been obtained from it. Ajax (Kuaotunu, April 24).-No. 3 reef carries a small prospect by pounding. I have cut some small leaders with varying success ; on occasions I will get a little gold. Midas (Kuaotunu, April 25).—Main low level: Still penetrating a beautiful class of sandstone country, interlaced with iron veins. Grace Darling (Waitekauri, April 24).— The reef in the face is a fine body of stone from five to six feet in thickness. The hangingwall portion give very fair prospects of loose gold, and the stone when pounded shows a nice tail ot gold in the dish. Portsea (Waitekauri, April .24).—Low level. The reef still maintains its dimensions being about 12 feet. • ■ .'! Juno (Kuaotunu, April 25).—Country is much the same as usual. A portion of the footwall of the lode is being saved for treat-, ment. Hacraki No 2 (Coromandel, April 24).— The ground is favourable for sinking as well as for gold. • • \ . \ Jupiter (Kuaotunu, April 24).-Driving to cut lode in Nonpareil section. Kapai Vermont (Kuaotunu, April. 24).— Hangingwall branch is two feet wide over the main level; the ore taken from same is of good quality. Footwall portion: Reef being one foot six inches in thickness and very failquality. t The first intermediate south face: The leading stope over this has been continued on a 2:feet lode, all of which is good. The fourth scope north, of the rise: On,au 18inch lode, quality of which is good. North end of mine: Lode from 18 inches to four feet thick; the ore obtained is of low grade quality. The winze extension: Portions give fair results, and the whole of reef is sent to mill for treatment. Cut. in the joint low level So far as can be ascertained at the present time the size of the lode is about three feet in width. Several parcels, 'been pounded and washed and one and all gave prospects of gold, some being much better than portions I am now sending to 'the mill from our upper workings. Welcome Find (Coromandel, April 24).— Bottom level: There are signs of an improvement. ~.'.' Alburnia East (Thames, April 25).—The reef is fully three feet wide. .. «.•*« Nkw Whau (Thames, April 25).—Still a welldefined reef with over three feet of quartz now showing in the face; it is heavily charged with minerals. ■':" Try Fluke (Kuaotunu, April 24).'—The. country is still tight; the lode is from: 12 to 18 inches thick of low grade ore. Yesterday the quartz began to come in. - ' The ore crushed during this week has been low grade. The lode where cut in drive is about 3 feet thick, and looks like opening out in both directions. Tried several samples ■'. with mortar and dish and got some fairly good prospects of gold." • ;.<■:. - ■• Golden Link (Kuaotunu, April 25).—N0. 1 leader has been very poor, although it has made much larger in size. The new reef that we started to work on last week has got much larger, and is now a fine compact lodo 7 feet wide. Have picked up the reef on. the boundary known as the Little Hell reef. '»./.■' Phojnix (Kuaotunu, April 24).— wonderful improvement has taken place. Low level: Cut a most promising and well defined ore body fully 2 feet in width (as per wire) and carrying fair prospects of gold from wall to wall; can also get small prospects of very fine gold. The crosscut has been extended through - a firm but ■ a favourable gold country.'" ' -. r '--. l > "<,-• >■ v ' f St. Patrick (Karangahake,'April, 20).A body of quartz cut into about two feet.' This has since proved to be the reef, which is a nice defined body of quartz, about eight feet in width. 7lt shows colours of gold by pounding and washing. ,; \ -.»f L .',-r ••■ .Great United (Kuaotunu, April 24).—A alight improvement in the country met with 'in the crosscut, -v. ■'• • ■•■■

' ; WYfYABDTON (Coromandel, : April 1 25).— Work has been ; confined to makingsthe necessary preparations for putting down the. pump. , : r' '■-:''* .v, a ■■'-■■■ ■"' .•!=' Mount Aurum ; (Ruaotunu, April . 24).—. No. 2 drive has passed through a reef formation, a' portion of which gives very fair prospects. "■•':•■• r ' : . - 1 '*- Buffalo (Coromandel, April 25).—Buffalo No. 1 Isader : I The country at present ia rather tight. Gold has not been seen so freely. > - Britannia (Coromandel, April 25).—Work at the mine for the week has been confined to easing the ground from behind some of the shaft sets, - ■''■"-'. '■"'.., ■■ ' Norena (Kuaotunu, April 24).— intersected the reef; it is a' compact body of stone 18 inches thick in the bottom of the drive. The quartz has a promising appearance, and showß colours of gold by pounding and washing. ' ( ; x; -, :: - : ;.'' Golden Anchor (Kuaotunu, April 24).— Low level: Country, although tight,is nevertheless of favourable description for gold. Invicta (Knaoturm, April Winze in low level: The reef and country is improving as We go down, and when breaking down the reef today some nice picked atone came to hand, some of the stone is good enough to be classed as specimens. ■ T,a- W;>: ', . Golden Hill Extenbed (Coromandel, April 20).-Men have been excavating for the battery. ~ ,„, .■ m , Napier (Coromandel, April 18).-The cross reef : Good class country. ; Golden Anchor (Kuaotunu,. April 17).Passed through a reef ' formation one foot thick, composed of hard flint and quartz. Asteroid (Karangahakc, April 18).— several small seams of scheelite, which do not reach the top of the drive. In the top drive there are about 90 feat of backs now, and when the ranges are reached ' will be about2oo feet. Flints and small leaders are met daily. ,''f< „« Bunker's Hill (Coromandel, April 24).— Intermediate drive from* ' Winze: The leader is incased i.u a splendid 1 channel of country for gold. A noticeable feature are the large number of mineral veins traversing the face of the drive. The last breaking down colours of gold were observable in the quartz. ' i'; ''•,•' T'„, I .' J,i _, Pride of Hauraki (Coromandel).—There are very promising reefs running /through the property. ' ':''■' '■ : ''''•^'• r ~ ZlON(Waitekauri).-Thereefwe ore driving, on is from four to five feet wide, and colours of gold were seen. ';''•'''_ Monarch of All (Kuaotunu).—Pushing the face ahead. .' '"<