THE GOLDFIELDS.

New Zealand Herald, Volume XXXVII, Issue 11539, 26 November 1900, Page 7

THE GOLDFIELDS.

AUCKLAND ',: SHAREMARKET, Ihb market was quiet" on Saturday.'*; In investment lines New Zealand Banks had buyers at 225, and National Banks were looked for at 675, no sellers quoting. There was fair demand in other lines without sales. In mining lines Upper Thames stock had chief inquiry. Komata Reefs changed hands at 2s 2d, with more offered at same price, buvers 2s. There were sales in Waihi Conpol'idateds at Is 7d, Is Bd, Is 9d, and Is lOd, late sellers asking 2s, buyers offering Is 9d. Waihi Consols were done, at 9d and lOd, ■with buyers left at Bd. sellers lid. ' There were transactions in Waihi Extendeds at 3s 2d, 3s 3d, and os 4d, sellers closing at last price, with buyers at 3s 3d. Waihi Souths had sale at Is 3d and Is 4d, more being wanted at Is 2d, sellers at Is sd. In Coromandel lines Bunker's Hills sold at 7d, with further sellers at 9d, buyers 6d. In Barrier lines Barrier Reefs had buyers at 12s 6d, sellers asking 13s 6d. .- WAIHI CONSOLIDATED G.M. CO. Good progress has been made during the past week with the sinking of the Waihi Consolidated Gold Mining Company's shaft, which is now down 88ft. The blue country has been entered. Boring will be started shortly. The water is stilt decreasing, and lowered sft during the week. MAN AMU G.M. CO. ' During the past month the Mnnanu Gold Mining Company's battery at Whangamata only crushed 12 full days, the stamps being hung up waiting fo.- the new cyanide vat, "as it was decided not to run • any more ore into the tailing pit until it had first been treated! by cyanide. Each of the four charges in the vats was taken from a different part of the mine for test purposes. During the month, 153 tons of ore were crushed, the saving on the plates being £198 lis sd, or at the rate of £1 5s Hid per ton. During the same period 188 tons were cyaiv.ded foi a return of bullion valued at £690 6s lid, an averago of £3 13s 5d per ton, making a total of £888 18s 5d for the month, the average value of bullion per ton extracted being £4 19s 4Jd. BUNKER'S HILL G M. CO. The Bunker's Hill G.M. Co. have had 22 tons of general ore and 471b of picked stone crushed and treated for a yield of 115oz lldwt of melted gold valued at £350 19s 84 . . MONOWAI GOLD MINES. TbT TELEGRAPH.OWN- CORRESPONDENT.] Thames, Saturday. The development operations that are proceeding in this company's mine, at .Waiomo, are being proceeded with as fast as circumstances will permit, and the prospects met with up to the present fully confirm the belief that the property is a valuable one. The bulk of the ore treated so far by the company has been won from the main reef, at the No. 1 level, at which point the operations have been chiefly confined : but a short time ago Mr. Hoggarth, who is acting as general manager, decided to do a little prospecting work at No. 3 level, with the view of testing the main reef at that point. That gentleman now informs me that the reef at No. 3 level has new been cut into for about 12ft, without any sign of the opposite wall as yet, and that the average assay of the ore for that width is £3 lis 5d per ton, independent of a rich chute which assays a value of £175 per ton. He also informs me that in future operations will be carried on from that level, as, being the lowest, the mine can be worked to better advantage than from a higher point. The 40 odd tons of concentrates that were carted down to the Waiomo Beach, about a fortnight ago, are now being brought into the Thames for shipment to Auckland, per one of the Northern Company's steamers, as the management has been unable to secure a suitable scow to ship them from the Waiomo Beach. KOMATA REEFS. [BY TELEGRAPH. — OWN CORRESPONDENT.] Paeroa, Saturday. The extension of the southern face at the ow level of the Komata Reefs Company's property has resulted in the intersection of Lavington's lode further south than where it was encountered in the upper-level. It has now been cut in two places in the lower level, and where just met the stone carries fair value. The new development will not be followed up just yet, or until the main low level tunnel is cleaned out, and the roadway cleared of the water that is coming away from the reef system. NEW ZEALAND JUBILEE. [BY TELEGRATH. —OWN CORRESPONDENT.] PAEROA, Saturday. The New Zealand Jubilee Company has Mice again assumed control of their property at Waitekauri. and under the superintendence of Mr. Kersey Cooper, the low level has been cleaned out, and repaired up to the face. There is every likelihood of exploitation work being carried on very extensively here before long. WAIHI EXTENDED. ' [BY TELEGRAPH.OWN CORRESPONDENT.] Paeroa, Saturday. Very satisfactory progress is being made with the sinking of the company's shaft, a lepth of about 150 ft having now been atained. Up to the present very little water las been encountered, and it can be effecively dealt with and kept under control by iieans of bailing. It is intended by the manager to continue sinking to a depth of about 320 ft, and then he will open out levels at 300 ft for the intersection of the reef system located by the bores. The country now being passed through is of a brownish nature, the composition being interspersed with rubbly quartz. It is splendid shooting giound," hence the satisfactory progress being made. WAIHI CONSOLS. [BY TELEGRAPH.—OWN CORRESPONDENT.] Paeroa, Saturday. Mr. Cu&sen, engineer, has just visited the Waihi Consols mine, for the purpose of locating the sites for the bore holes. THE GUMTOWN FIELD. [BY TELEGRAPH.OWN CORRESPONDENT.] Coroiiandel, Saturday. Several gentlemen versed in mining have recently visited the Gumtown district, each testifying to the excellent prospects as | shown in the various mines. Mr. George j Bull, the well-known battery expert, has i been in the district, more especially in connection with tl>- erection of a crushing plant for the Kapowai Company, and he has Jet a contract for cutting.the timber for the buildings, and has started the work of ex:avating the site. It is understood that ;.he machinery will be forwarded at once, and carted to the site as soon as th. road is ready. It is therefore highly probable" that the Kapowai buttery will be working within a few months. Mr. J. G. Vivian, formerly of the Welcome Find, Coromandel, has assumed the management of the Kapowai mine, vice Mr. Geo. Lindsay, resigned. GOLD REEFS. [BY TELKGRAPn.—OWN CORRESPONDENT.] Coromandel, Saturday. Mr. Geo. Lindsay has started work in the Gold Reefs mine, adjoining the Kapowai. He discovered gold heie some time back, »nd will now open up on one or two promising lodes. The prospects of the mine are :onsidered very good. WELCOME JACK. G.M. CO. [BY TELEGRArn.OWN CORRESPONDENT.] Coromandel. Saturday. The low level is in 296 ft. The lode shows an average width of lOin, and at the last breaking down yesterday was very good, almost every stone showing visible gold, some of it being very coarse. Mineral veins are crossing the face, making the country airly tight. J MAY QUEEN EXTENDED G.M. CO. [FROM OUR own correspondent.] Thames, Saturday. In the May Queen Extended Gold Mining Company's mine during the past week, the prospects met with in the rise upon the Hokianga reef, above the low level, have been of a most encouraging character, for when breaking the stripped portions of the reef, strong dabs and colours of gold were seen disseminated through the ore. The reef itself is a fine compact body of ore about 2ft thick, and carries a goodl class of mineral. A height of about 20ft has now been attained in the rise, which leaves about 50ft further; to go before a connection with the old workings overhead is effected. No ore j

'was • broken from the reef in the western drive during the week, work in that direction having been principally V confined to stripping the reef, but ' the men employed at that point have also to send to surface the dirt broken from the rise, so that they are not always employed! in the' face. , DREDGING: .' [BY TELEGRAPH. — ASSOCIATION.] Dunedin, Saturday. ; The following are the dredging returns for the week:—Matau, 970z lldwt 12gr ';"■ Hartley and • Riley, 83oz 13dwt; Meg and! Annie, 71oz ; Junction Electric, 590z lOdwt; Enterprise 1., 560z 2dwt; Earnscleugh 11., 540z Bdhvt 12gr; Golden Beach, 50oz 12Jv.t; Golden Treasure, 390z 15dwt; Charlton Creek, 370z lOdwt; Perseverance, 370z 3dwt; Success, 350z 2dwt 6gr; Empire, 340z I6dwt; Chicago, 28oz 6dwt; Waimumu Central, 260z 3dwt; Molyneaux Hydraulic, 230z; Waimumu, 220z 12dwt; Eureka, 21oz; Waimumu Extended, 260z lldwt; Morning Star, 18oz lldwt; Waimumu Queen, 15oz 15dwt; Cromwell, 14oz 14dwt; Manuherikia, 13oz Bdwt 21gr; Manorburn, 13oz 4dwt; Olrig, 12oz 18dwt; Enterprise 11., 12oz; Clyde, lloz; Waikaka Forks, lOoz ldwt; Ngapara 111., Boz lOdwt. Grkymotjtit, Sunday. The return from the Grey River dredge was 470z 17dwt for 126 hours* work. The Waipuna return was 9oz for about three days' work. Gretmol'td, Saturday. The Leviathan dredge will not be ready for work for another week. The Dobson No. 11. did not wash up on Saturday. MOUNT LYELL RETURNS. By Telegraph.—Press Association.—Copyright. Melbourne, November 24. The Moint Lyell returns from October IS to November 14 inclusive, were as follows: 21,060 tons of ore were treated, also 5033 tons of purchased! ore and metal-bearing fluxes. The converters produced 677 tons of blister copper, containing 668 tons copper, 46,9580z silver, and 20040z gold.