THE GOLDFIELDS.

New Zealand Herald, Volume XXXIX, Issue 11953, 30 April 1902, Page 6

THE GOLDFIELDS.

AUCKXAND SHAREMARKET. Thi? market was quiet yesterday. In investment lines South British Insurances sold at 82s, and Northern Steamships (contributing) at 7s 6d. Bank of New Zealands were easier at 60s, no buyers quoting. For New Zealand Insurances buyers offered /73s 3d, with sellers firmer at 74s 6d. There was sustained inquiry for Auckland Gas (old) at £13 18s 6d, and Gisborne Gas at 325, without sellers. In mining lines Tairu'a Broke.i Hills weakened a shade, several lines changing hands at 9s 6d, 9s 4d, 9s 6d, and 9s 9d, closing firmer with sellers at 10s', buyers 9s 9d. Waihis eased to £5 15s without buyers. In other lines late prices ruled. WAITEKAUIU G.M. CO., LIMITED. £3900 FROM 1989 TONS. TOTAL TO DATE, £355,412. During the four weeks ending April 19 the Waitekauri Gold Mining Company, Limited, crushed and treated 1989 tons of ore for a return of bullion valued at £3900. This is a decrease upon the previous month's returns, when 1994 tons yielded £4300. The total won 'from the mine to date is £355,412 3s 2d, as shown in the following table of details: — To December. 1897 £85,492 11 6 To December, 1898 64,052 6 0 To December, 1899 74.276 0 0 To December. 1900 70.749 0 0 To December. 1901 ... , 45,547 6 2 £340,117 3 2 Period endingJanuary 25, 1902, 1549 tons ... 3,406 0 0 February 22. 1902, 2082 tons ... 3.639 0 0 March 22, 1902. 1994 tons ... 4,300 0 0 April 19. 1902, 1989 tons ... 3,900 0 0 Total to 'date £355,412 3 2 PROGRESS-CASTLE ROCK G.M. CO. Operations in the Progress-Castle Rock mine, at Coromandel, during the past week have been, continued in the stopes above the bottom level, both north and south of the new rise on Reynolds' reef. The lode looks well, showing an excellent, class of minerals and gold occasionally. TUKEMAKUKU REEFS. Mr. A. G. French has arrived in town, and wishes to correct some slight errors in a paragraph in last Saturday's account of the Pukemakuku reefs, at Coromandel. The reefs are of good workable size as lead reefs go, and are well filled with easily dressable ore, containing 57 per cent, of lead, 8 per cent, of copper, 2oz of gold, and soz of silver. Apart from their own value for precious and base metals their tenure of lead furnishes 'he key to the refractory ore question in the Hauraki Peninsula. At present the only open door for the treatment of these is the sending of them to Australian smelting works, to be there furnaced along with lead ore brought for the purpose from Tasmania and Broken Hill. The Coromandel ore, which is in great abundance, makes it easily possible to meet that want without going out of the colony. It is intended "to send bulk samples either to the Selby smelting works in San Francisco or to Australia; a. similar bulk sample will probably be treated in Auckland.

HAURAKI No. 2 G.M. CO. The drive on the leader in the Hauraki No. 2 Gold Mining Company's mine, at Coromandel, has been extended a further 4ft. The hangingwall leader is 9in wide, and the footwall about 4in. Both give good prospects. The junction has -not been reached and the leaders are running almost parallel. Crushing will shortly be started. TE PUKE MINING. [BV TELEGRAPH. —OWN' CORRESPONDENT.] Tatjra.'vua, Tuesday. The Golden Link special claim (granted last Wednesday) has been disposed of. The claim lies to the north of the Te Puke Gold Reefs.! ground, and adjoins Clark and Falvey'a freeholds on the ' Otara. Messrs. Montizambert and Willard, of British Columbia, who represent mining and financial interests in America, have completed negotiations through Mr. A. C, Lewis, solicitor, for an option over the property for six months. The option-holders started work yesterday, and if future developments are satisfactory they pay '£10,000 in cash for the claim. * Surveyors are now at work laying off the renuisite development work. Messrs. Montizambert and Willard are also inspecting other mining properties at Te Puke. SOUTHERN MINING. [BY TELEGRAPH. —TRESS ASSOCIATION.} Donedin, Tuesday. Dunedin .Exchange sales: Bend;go, 13s ,6d; Golden River, 7s 7£d; Junction Electric, 21s 6d; Leviathan, ordinary, 2s ; New Halfway House, lis 9d ; Notown Creek, 28s 9d, 295; River Molyneaux,'6s 3d; Upper Magnetic, Bs.