THE GOLDFIELDS.

New Zealand Herald, Volume XXXVII, Issue 11366, 8 May 1900, Page 6

THE GOLDFIELDS.

', AUCKLAND ; SHAREMARKET. . • ! The market was quiet again yesterday. / In- ' vestment lines had I good, inquiry at late ' prices, but no sales were' recorded. In mining lines Kuranui-Caledonians were [ asked' for at sd, sellers 6Jd. In Upper , Thames lines Maratotos sold at Is 2d, with ! later sellers at Is 3d, buyers Is Id. Wailii > Extendcds changed hands at lid, with fur--1 ther lines offered at same price; buyers lOd. 1 Alphas had buyers at 7d, no sellers respond- > ing. Waitekauris were wanted at 535, sel- ' lers 60s. Woodstocks were on offer at 5s 3d, 1 and Wailii Consolidateds at Bd, without ' buyers. In Coromandel lines there were ' sellers of new Four-in-Hands at 3s sd. In Great Barrier lines Barrier Reefs were \ quoted at 5s lOd, buyers 4s lOd. In other > lines late prices ruled. \ , ' KAURI FREEHOLD GOLD ESTATES 1 (LIMITED). IMPORTANT DEVELOPMENT. At the Kauri Freehold Gold Estates' mine, at Opitonui, an important development has • occurred in the 'Maiden section of the com- ' pany's property. • At the low (No. 2) level 1 the reef in the drive has opened out in the face to a width of lift, and the average ' value of the crushing dirt broken down there- [ from is given as £3 8s per ton. This is ■ considered by tho management to be the . most important development in the Maiden ; sction to date, both by reason of the size • of the lode and on account of its depth from I the surface. Tho information has been ; cabled Home. ; MARATOTO G.M. CO. I A report from the manager of the Mara- , toto Gold Mining Company (Mr. J. Me- > Combie) states that work in the mine at i Marototo during the past week has been i confined to prospecting, timbering, etc., > owing to the battery hoppers being filled ' with ore. At the battery the treatment of 1 tailings obtained from 80 tons of ore, and comprising the first charge in No. 1 vat, wrfs , completed on Wednesday last. Before the sluicing out these tailings were assayed, and , showed a value of 8s 7d per ton, the extraction by cyanide process being calculated at 80 per cent, of the assay valuo of the ore, which extraction is considered to bo satisfactory, the ore being known to contain a quantity of silver. The solutions arc percolating more freely through the charge in No. 2 vat. Crushing operations were recomenced on Thursday last, and will be con- ■ tinued until sufficient tailings are obtained, to once more charge both vats for treatment ' by cyanide. MAY QUEEN HAURAKI G.M. CO. £1115 FROM 684 TONS. [BY TELEGRAPH.—OWN COnBESI'ONDEXT.] Thames, Monday. Operations in the May Queen section of the May Queen Hauraki Gold Mining Company's property have, during tho past four weeks, principally been directed to stoping upon the No. 4 reef, above No. 7 level, and from that source 432 tolls of highly-payable ore have been secured. The value of the ore has shown considerable improvement during the month, which is a very gratifying feature, and points to the probability of still better results as the block is stoped upward. The present length of the block is about 200 ft, but this is being gradually increased by the advance of the leading stopes. The rise on the north-west loan from No. 7 level has reached a height of about 73ft, which leaves about 30ft further to rise to break through to No. 6 level. At a height of 70ft the lode was found to be a compact body of ore, about 2ft thick, and showing small dabs of gold, thus giving promise of a. payable block being eventually opened up on the lode in question. In the Saxon section the drive upon No. 1 reef at No. 7 level has been continued a further distance of 30ft, with tho view of cutting one of the Trenton leaders, that was successfully worked upon by a party of tributers at No. 6 level. A few more feet of driving should see the leader to hand. Stoping upon the Nos. 1 and 2 Cardigan reefs, above N.o. 6 level, has been carried on, as usual, and 150 tons of payable ore obtained during the month. No. 1 reef still shows a fino body of ore in the face of the \ drive eastward at No. 6 level, and also in the stopes, and it was from this body that the bulk of the ore mentioned was obtained. \ The drive westward, upon No. 2 Cardigan reef, at No. 7 level, is in a distance of 30ft, and a rise has been put up a distance, of 18ft, with tho object of connecting with the winze sunk from No. 6 level. The connection should be effected in a few days after which driving will be commenced upon the reef, both eastward and westward. A total tonnage of 684 tons of ore has been treated during the month on behalf of the company, for the excellent return of 400oz 16dwfc of melted gold, valued at £1145, which is an increase of £75 on the previous '; month's return. Included in the tonnage treated were four different trial parcels, ag- ■ gregating a total of 82 tons of ore, which were broken from the North-west Saxon No. 1, and Cardigan No. 2 reefs, at No. 7 level. During the same period tbreo parties of '. the company's tributers have crashed 50 tons of general dirt and some picked stone, for a yield of 200oz 18dwt of gold, valued at < £530 4s. Of this latter return Riley and party, who aro working a block upon the i Cardigan No. 2 reef, above No. 4 level, crushed 33 tons of general dirt and 1301b of : picked stone, for a yield of 150oz of gold. '. MOANATAIARI TRIBUTERS. , [by telegraph. OWN CORRESPONDENT] Thames, Monday. Of the Moanataiari tributers only five par- : ties had crushings during the past month, ! and tho total yield of gold obtained was . 370z 18£dwt of melted gold, valued at £101 3s «d. ; DREDGING RETURNS. ; [by telegraph.-—press ASSOCIATION.] Dunedin, Monday. Tho following dredging returns for the week are to hand : —Evans' Flat, lloz 6dwt ! lOgr; Upper Waipori, 32Joz; Jutland Flat, ' 36|oz. ' DUNEDIN STOCK EXCHANGE. J [BY TELEGRAPH.— ASSOCIATION.] | Dunkdin, Monday. ] Sales took place at the following premiums:— River, 6d; Aylmer Lead, ' 6d: Cairnmuir, 18s; Davis' Bend, 12s 6d; Dobson No. 2, 2s; Electric Extended, 15s 3d; Gold King, 7s; Golden River, 2s 3d ; • Golden United, Is; Kelly and Casey, 12s ', 6d; Long Valley, 15s: Malone's Beach, Is , 9d and 2s; Mokoia, 2s; Prince of Wales, ' 6s 6d; Reeves' Proprietary, 9d; Rise '■ and Shine, 3s 9d, 4s, 3s 3d, : 3s 6d, 2s 9d, and 2s 6d; River i Molyneaux, 15s 6d; Roxburgh Jubi- . lee, 8s 3d and 8s; Saltwater Creek, 3d; Sixteen-Mile Beach, 8s 6d; Watterson Con- : sols, Is; Woodstock, 3s. Sales also took . place at the following prices: —Alpine Consols, 435; Cromwell, 74s and 755; Dunedin, , 12s 6d; Electric, 73s 6d, 745, 74s 6d, 755, and 75s 6d ; Hartley and Riley, £13 15s; : Nugget, 255; Perseverance, £5 12s; Riley ; Beach, 345; Vincent, 625; West Matau, 6d discount. ROYAL OAK G.M. CO. ] The Royal Oak Gold Mining Company, at , Coromandel, have had a crushing of 145 tons ' of general ore and 61b of picked stone, which yielded 84oz Bdwt of retorted gold, of the ' approximate value of £215. • GENERAL DREDGING ITEMS. : The Cromwell Argus states that Mr. Von J Haast, of the Hartley and Rilev dredge, has been appointed dredgcniaster of the Rolling , Stone dredge, Cardrona, in place of Mr. ] Robertson, who was hurt. I Recently Mr. H. Kitto picked up a nug- < get of gold weigliing SJdwt on the banks of ( the Molyneaux, on the Queen Dredging Com- ( pany's claim. " ' ' The directors of the Inch Valley Gold j Dredging Company have declared a divi- i dend (the fifth) of Is per share. , The directors of the Grey River Consoli- f dated Company have accepted Messrs. John- s son and Son's, of Melbourne, tender for the machinery of their dredge; delivery in five ( months. ' ■> _ i * I