WHANGAMATA GOLD CORPORATION.

New Zealand Herald, Volume XXXVII, Issue 11680, 15 June 1901, Page 3

WHANGAMATA GOLD CORPORATION.

! AN IMPORTANT OFFER. I The latest news from London in connec- | tion with til? Wllaltgamata Gold Corpora- ! tion was a notification received by Messrs. : Bewick. Moreii'.g. and Co., the local uttor--1 neys, to the cltect that negotiations were J proceeding between the company and the I London usd New Zealand Exploration ComI parry for the purchase of the property. The Exp.oration Company had, Messrs. Bewick, Moieiiu'. and Co. were informed, sotted their willingness to put up £30,000 in cash, the capital of the company to be reduced from £200,000 to £150.000. and the shareholders to receive one shire for every three he'd in the present, company. This offer 's still under consideration, and in the meantime instructions have been .sent on! to continue operations; in the mine as usual.

HARRIET REEFS G.M. CO.

The various stupes in the Barrier Reefs Gold Mining Company's mine have been in " progress as usual. The lode in the western . slopes at No. Sieve,!, Great Harriet set lion, is si'i wide in places, but as much of the ore is low grade at that point, a con- | siderable amount of time is required in sorting it. the lode I whig patchy it is conJ sidered that an improvement may take place at any time. Progress in the main crosscut., at No. 3 level, has been retarded by the tight nature of the lode, and the quantity of water to be deals, with. No. 2 | level drive has been extended 3D ft east from I the crosscut. The lode is pinched at pre- | sent, bill the assay value of i\;e haugingwall portion is £2 11s 5d per ton. WAIIII EXTENDED G.M. CO. The north-',, drive from Cm Waihi Extended Gold Milling Company's .shaft is in j 33ft, and the south cast drive a. totvl of 19ft. j The former has passed through good tight couutrv. and in the present iace'a change I to a first-class sandstone, both whiter and softer, is apparently coming in. The southI east drive is still in hard rock. with occa- { sional soft hi ads. Tram rails have been j laid in the drives. TAIRUA BROKEN HILLS G.M. GO. The Talma Broken Kids Cold Mining Comn.'.riv's 'o\v level is now in 7-1 ft upon tlrt ! reef, '('lie latter is 2if wide, and the ore lis being saved for crushing. Sloping and i the drive north on tin: reef are also in proj grtss, payable ore being grassed. J YOUNG NEW ZEALAND G.M. CO. ' The drive in the Young New Zealand Cold ! Minim' Company's mine, at Wait, kauri, has ; been extended to 713i'f. A further 55ft ! should ii'.ttseet th. reef. Tilt' indications ' point to the drive being in reef-bearing country. HAURAKI MINES (LIMITED). Operations in the Hatiraki Mines property were commenced on May 20, and in accordance with instructions received, the manager, \ Mr. C W. Horn, started to drive the interi mediate between Nos. 2 and 3 levels, with I four men working two shifts. The level I was driven a distance of 5-1 ft from the winze ! previously, and. has beau extended 16ft, | making the total distance from the winze I 7d,i. which is about half-way to the Royal Oak boundary. it. is proposed to extend ' this ;;.t. rni-.diate level to the boundary, and ; •hen to rise up and. connect with the No. 2-' | level. Cold has been obtained in two I places in the level above. When breaking j down the leader recently 71b of fair picked } stone came to band, within a foot of the ■■ sent lace. The country is a nice, firm i sandstone, with mineral veins all through it, i and all that could be desired for gold bear- ! ing. '''here is but one parly of tri outers in j tin mine a; present, who had a crushing last mo-nth of 12ewi of general dirt, and 2L!b of picked stone, for a return of 7oz 7dwt of gold, valued at £20 15s 3d. COROMAND WARD V. COURT. [_iiY TKLKGUAPa.- OWN o)!:':;:slM.\i>e.NT.j Cokom vxdki,, Friday. The usual monthly meeting of the Warden's Court teas held to-day, Mr. R. S. Bush, K.M.. ptesidiug. The i';,!l:)>.uiig applications were granted : —Francis Hodge, residence site, one acre, on Ncotly's Hatiraki special quartz claim; 0. M. McEariene. surrender of the East 'I'likatea special quartz claim: 1). Bryee, three months' protection for Asiatic special quartz claim ; Kapowai Block. Cumtown; Golden Pah (Hatiraki. Limited), six months' protection for the Golden Pah special quartz claim; L. Cooke, surrender of Potieke No. 2, Poneke No. 3, and Standard special claims. Karaka Block; Thomas Barron and John Cornish, permission to work the Macaronic and Macaronic

Extended special claims with two men each for sis mouths; John Ma-yn, surrender of

I'enelit Extended quartz claim; Waitaia Gold Mines (Limited), permission to work Wail iia special claim, Kuaotunu, with nine men for six months, and six months' protection for llip Waitaia. Extended special claim : West Tokai Gold Mine (Limited), permission to work the. New Tokaten special claim with two men lor four months ; Louis Woodcock, surrender of residence site, No. 2, Pumpkin Flat. Kuaotumi ; Louis Woodcock, special site, three roods 36 perches, in connection with the Har.dxworth Battery, Ku.'iotnrut ; Herbert Poulter. residence site, section No. 25, one. acre, Driving Creek. SOUTHERN MI XI NT!. [BY TELECKAI'ir. — PRESS ASSOCIATION.] Rbeftox, Friday. The local branch of the Lank sent' to (lievinmith, for shipment to Wellington, 430iriz of L'oM. of the value of £17,800. received during the month of May. This consignment constitutes a record. 'J lie bulk of (he £okl was from Hie Progress and Consolidated Compani'.'s' mini's. »

DIIEDGIXG. [BY TELEGRAPH.—PIIRSS ASSOCIATION.] DcMini.v, Friday. Dredging returns: Waiiniiiuu. 220z Bdwt ; Charlton Creek, l6oz lOdwt ; VYainiumu Central. 13oz 6dwt; Globe, 9oz (xlwt: Lady Charlton, 7oz Pldwt. The Last Chance llydraulh: Sl;licin-.; Company washed up 280/ i for eight days'. DUXEUIN STOCK EXCHANGE. [i'.V i ia.KUU.YT.iI. —ri:i:ss ASSOCIATION'.] Di'MCi.iN', Friday. Dunedin .Stock Exchange sales: Ahaura, 'is: .Electric. hß.s 6! : I'M-.! Chance., 33s 61I; Fourteen -mile Heac'u, 3Ss 9>l, 10s ; J;'iascr Flat, Is 6tl: Gentle Annie, 2d.-'. 22k 6d, 235; tioiden Link, Iris: Giey River, 21s. 2.1s 3d, 22s 6tl; Junction Kieclric, 28s; Leviathan, 27s 6d, 27s 3d. 27.-: Magnetic, 22s 6.1; Mokoia., 20s, 20s 3d, 20s; Nelson Creek", 575; N'cvv River, 10s, 10s 6d ; Spec Gully, ISs 61. Outgo K.vcliaii.^e: Golden ilolyntaux, 15s. ; Golden i'iver, 5s 3d ; Meg and Annie, <395; Second Magnetic, 2b's 9d, 28s 6d.