THE GOLDFIELDS.

New Zealand Herald, Volume XXXIV, Issue 10407, 3 April 1897, Page 1

THE GOLDFIELDS.

[BT TELEGRAPH.—OWN" CORRESPONDENT. J Thames, Friday. Shap.emarket.—Albumin, sales 7Jd, buyers 6Jd; Argosy, eollors 7d; Broken Hill, sellers 8d; Club, sellers 3d; Conservative, sellers sd; Darwin, contributing, sellers 5d j Grand, Triple, sellers 3d; KuranuiCaledonian, sellers oa 3d; Kuraka Queen, sellers sa, buy«e 3d; King Solomon, sellers 2d ; Mats Reefs, sellers 4cl; MeIsaacs, sellers 4d ; Moanataiari, sellers lls; Moanataiari Extended, eellers 4d; New Whau, sellers 7H buyers Gil; Nonpariel, sellers lid, buyers 9d; Occidental, sellers 3d, buyers ljd ; Tararu Creok, sellers 4s; Temple Bar, sellers 4d, buyers 2d;' Victoria, buyers 2i 9d; Kaiser, contributing, eellers sd; lona, sellers 2a j Komata Queen, sellers 2a 6d ; Welcome Find, sellers 2§ 6d; Albert, sales Is 6d, sellers Is Bd, buyers Is 4d. Victoria.—Crushing on behnlf of this company will probably be commenced early next week. There is nothing new to report from the workings in the mine.

Eaqlehawk (Tararu).—No, 1 reef has now opened out to about two feet in thickness, and carries excellent mineral indications. Good progress is being made with the drive towards f<o. 3 reef, which body is oxpectod to be intersected in a few more feet of driving. Nonpareil.—Tight country still prevails in the crosscut going towards the Wade reef, it being of a diorite character, but notwithstanding this fact some very nice mineral veins have lately been pissed through. The reef sought for, however, cannot now bo far away according to its position and underlie in the upper workings, and it is quite probable th.it when it is intersected it will be found to carry a section of irood sandstone country on both its Walls. Good prospects continue to be met with in the western drive upon the Liverpool roof, strong colours of gold having beon seen right up to the last breaking down. It is now somewhat reduced in size to what it was a fow days ago, being now hoc more than a foot in thick noes. There are about 20 loads of quartz in tho paddock at surface, but as yet no arrangements have been made as regards having a crushing to test its value. Mahaua Roval (Tapu).— The reef vvhiih is being operated upon in tho Royal section of this property is again assuming its usual siaj in both the northern and southern drives, especially a» regards the latter point. Here the reof is looking most promising and shows colours of gold protty freely, whilst it i* anticipated that still further improvements will shortly be met with. Tho reason for this assumption may be explained from the fact thai when tho crosscut was first commenced which led to tho opening up of tho lovol In which operations are now being conducted, a reef was mot with which produced excellent proapects of gold, but no further work was done upon it with tho exception of passing through it, owing to its striking off into the country on the south side of tho crosscut. According to tho courso this latter reef is taking, it is ostimated that it will junction with the Royal reef at a point about 50 feet ahead of the present face in the south drive, and as both bodies aro pold-bearing, it ia considorod bhab their association together will have a beneficial effect upon the ore, and perhaps lead to a good run of gold being met with. Furthermore, the advancement of the southern drive upon the Royal reef is proceeding in tho direction of the Tapu Fluke section of tho Company's property, and in this last-mentioned section very fair results were obtained under the management of the Tapu Fluke Company, but the latter's modo of development, together with the want of efficient machinery, prevented tho operations from turning out aa successful as would otherwise have probably been the case. However, it is now anticipated that tho present level will more fully and systematically test the seotion ot ground mentioned, and that the chances of success aro also greater. Paeroa, Friday. Ravenswood.—A largo stuff of men are now ongaged on thie Company's property. Houso* for the mon, as well as offices and assay-rooms aro in course of erection preparatory to the commencement of development works on an extensive scale. Waitkkadri Union.—Two crosscuts aro boing pushed ahead on the Company's property, one being driven on (the eastern side of tho western section, and the other on the I'J.M.C. portion. In the latter adit it is anticipated that a largo lorie unearthed at the surface will bo intorsected in about 20 feot more driving. Tho low level is also being rigorously pushedlaboad, while about 80 or 90 chains of road abovo the Grace Darling have been completed. Ho tho new rocK-driltini! plant on its way out from San Francisco wilt be able to bo convoyed to tho site without any difficulty. Matters in connection with the mine are in a very activo state, and quite a large number of men are employed cutting timber ready for tho mine and building pui poses. HAURAKI NORTH. RESULT OF CRUSHING. Yesterday Mr. D. G. iMacDunald posted the following ;—Hauraki North; 105 tons of general ore (including picked stone) treated by the Robinson patent ore crusher have yielded 59Soz ainalgum." A later telegram stated that this gave 1770z 17dwts retorted gold which at the rate of £2 16s 6d would give a value of a little over £500. This it is stated will give a very considerable margin ot profit. ORIENTAL G.M. CO.

At an extraordinary general meeting of tho shareholders in the Oriental Gold Mining Company hold yostorday at tho office of Mr. Franz Soherff, manager, a resolution was passed empowering the directors to sell and dispose of the whole of the property of the Company to the Al Gold Mining Company (no liability) for shares in thu said Company, and on suoh other terms and conditions as tho Raid directors shall think fit. Mr. Robert Walker presided.

PRINCESS MAY G.M. CO. A special general meeting of shareholders of the Princess. May Gold Mining Company was hold yesterday afternoon for the purpose of deciding as to the future course of notion in oonneotion with the development of tho mine. Mr. E. iiell presided. Mr. Badger asked if the negotiatiana with the London compauY were likely to come off. Mr. Allen said he understood the company was a good one and were negotiating for no other property in Mew Zealand. The Chairmuu said six months'protection had been applied for. After considerable discussion it was deoided thac tho directors be empowered to make a call of one farthing.

COROMANDEL WARDEN'S COURT. [by teleobaph..—own correspondents] (,'okomandel, Friday. At a sitting of the Warden's Court to-day the following claims wore dealt with :— SPECIAL CLAIMS. City of Glasgow special claim, R. H. Harrisou, recommended; Prince of Wales special claim, J. D. O'Brien, recommended : Horomanga, Chaa. Waldrou, recommended; Wild Irishman licensed holding, Jcremah Mulkne, granted; This, special claim, J. D. O'Brien and W, J. Allen, recommended; Kennedy Back special claim, K. T. Graham, recommended; Sir William Wallace special claim, J. D. O'Brien, recommended: Progress Extended, special claim, Al. Collins, recommended j Ruby, No 1. licensed hplding, James Buchanan, granted j Royal Standard, special claim, John Mclsacc, recommended; Old Judge special claim, Duncan Clerk, recommended ; Maioro Proprietary special claim, R. T. Graham, recommended: Ruffin special claim, T. \V. Rhodes; recommended; Sunray special claim, F. D. Yq'nge, recommended; Bradford special claim, M. W. Armstrong, recommended; Whareoroa Reefs special claim, F. Rollet, recommended; Manaia Harp licensed holding, Wi Ti R» Ana, granted; Mercantile special claim, 1. W.Rhodes,recommended; Raugipuhispecial claim, Rangipuhi Gold Mining Company applicants, recommended; Tβ Kauapa, 0. J. Tunks, recommended; Hamilton special claim, William Steele, recommended; Echo special claim, Francis Stubbs, recommended; Zealandia Amalgamated licensed holding, granted.

WATER-RACES AND MACHINE SITES GRANTED. A. H. Gentil. water-race for Pinafore Company ; Jos. Thornes, water-race; Brierly, water-race; E. B. Dufaur, water-rase; H. 0. Choyce, for Pinafore Company, machine site; S. W. Bedliugtoii, water-race forOmiroOompauy j T. J. Mclvor, machine «ite for Queen of Waikauae.

PROTECTION GRANTED. Major F. Swindley, protection for *»*«• raco on Court House Creek, Maioro, for six months; Monte Carlo, permission to work with two men instead of 27 for four months; Old Pukewhau or Nestor Goldmininc; Compang, six months' protection; Gem of Tiki, fix month! , promotion ; k « I n » u Gold. Mining

Company, protection for water-race No 778, also for machine site; Hunt's Gulden Ridge Extended, six months' protection; Hunt's Golden Ridge, six months' protection: Netherfield, protection six months; Exeter, six months; Kirkdale, six months: Elvira, three meu for four months; Oversight, six months' proteotion; Moehau Queen Surplus licensed holding, six mouths: Lidas, four men for four months; G. M. titeadman, protection for machine site tor Britannia Gold Mining Company, six months, also for waterrace ; Coromimlel Queen special claim, six months' proteotion. KDAOTCNC BUSINESS. Kaimarama special claim, James Stevenson, granted; Nina special claim, A. Benjamin, recommended.

IMPORTANT MINING DECISION.

Coromandel, Friday. At the Warden's Court to-day there were three applications for the New Triumph ground, C. W. Skrine, Henry Whiting, »nd Charles Maofarlane. The case had been argued last Court day. The question at issue was whether, when a license was isaued_ and thft licensee neglected to take it up within the 30 days allowed, the laud became ipso facto again open for application, or only until the license was cancelled by the Warden as directed by the Mining Act. Mr. Parr, for Charles MoFarlane, argued that the land was not open till the old license was cancelled. Messrs. lkume and Jackson Palmer, for Whiting, contended that the license lapsed when the 30 days expired, aud it was not necessary to wait till tho Warden cancelled the grant before again marking out. His Worship said the matter was one which came up every day and afiected the whole district. He had expressed a strong opinion, but on consideration he thought he must hold Mr, Parr's contention to be correct, fie was not free from doubt, but as the language of the Act was so strong he was compelled to give it the construction that the Warden must cancel a license before a claim was again open for mining. It was a proper question for the Supreme Court. He allowed McFarlane's objection, with £4 4s costs, and dismissed Whiting's application. Sir Wm. Wnstenoys said there would probably be an appeal. -

GENERAL MINING ITEMS. Our Te Aroha currespondent writes:—Mr. Porter, of Porter and Hmnpson, arrived here on Thursday in connection with the Inland Reefs Syndicate's properties, and had a conference with the shareholders. Mr. Gordon French, who recently inspected the holdings, has reported favourably on them and is |conn'dent that he can raise capital to take up a prospecting option. It was decided to form a no-liability company in Auckland, and also to amalgamate the presently-existing five claims into two.

Tbe mine manager of the Progress-Castle Rock telegrnrhed yesterday:—Broke dowu reef this morning; obtained about 301b picked stone. An extraordinary ceneral meeting of the Priuco of Waihi Gold Mining Company is called for April 28. A special general meeting of the Al Gold Mining Company is called for April 13. A meeting of shareholders in the Hauraki North Gold Miuing Company is advertised for Monday. ASSOCIATED STOCK AND MINING BROKERS. The following sales were recorded, yesterday, by the above :-Viccoria, 2s 8d : Stanley, Is; Waihi Extended, (Sid, 07; Four-in-Hand, Is 7d : Albert, Is 4d; Kapai-Vermont, 6s 10d, 5s lid; Sceptre, 7d.

AUCKLAND SHAREMARKET. There was but slight improvement, yoaterday, in the Aucklaud Sharemarket. Four-in-Hands were done ab Is S>l, and closed firm. Waihi Eitencleds were still in ilemund, business being done from 6Jd to7Jd; thero were selleiH at the latter figure at the close. lonas and Victorias were dealt in at about the same rates.