THE GOLDMELDS.

New Zealand Herald, Volume XL, Issue 12239, 7 April 1903, Page 6

THE GOLDMELDS.

TAIRUA BROKEN HILLS G.M. CO. £2030 FROM 600 TONS. TOTAL TO DATE, £31,478. During March the Tairua Broken Hills Gold Mining Company crushed and treated 600 tons of ore for a return of bullion valued at £2030. This shows a slight increase compared with the return for the previous month, when a similar tonnage yielded £2012. The total amount won from the mine co date is £31,478 15s 3d, as ' shown in the following table of details : — In 1900 ... £1,457 8 0 In 1901, 455 torn 1.792 19 9 In 1902, 5075 tons 23,665 0 0 Total •••' -£26,915 7 9 January, 1903, 350 tons slimes ... 521 7 6 February, 600 tons 2,012 0 0 March, 600 tons •• 2,050 0 0 Total to date £31,478 15 3 BUNKER'S HILL G.M. CO. The Bunker's Hill Gold Mining Company yesterday secured 101b of picked stone from No, 7 stope. MAY QUEEN-MO ANATAIARI G.M. CO. The prospectus of the May QueenMoanataiari Gold Mining Company has just been issued. Of the 150,000 shares of 10s each into which the capital of the company is divided, 75.000 are offered to colonial* shareholders, who have the option of applying for shares within 14 days from April 2 last. MAY QUEEN EXTENDED G.M. CO. In the May Queen Extended Gold Mining Company's mine, the footwall lode in the east drive now shows a width of 12in, strong colours of gold being seen in the quartz on breaking down. The quartz in the hangingwall section also shows gold. The reef in No. 3 stope is Ift wide, and both here and in No. 4 stope the stone shows gold. A crashing is in hand. HAURAKI TRIBUTERS. [BY TELEGRAPH. —OWN CORRESPONDENT.] Coromandel, Monday. _ Messrs. Davis and party, tributersin the Hauraki mine, completed a crushing of 561b of picked stone at the School of Mines' battery for a return of 950z of retorted gold, valued approximately at £276. SOUTHERN MINING. [BY telegraph.— ASSOCIATION.] DunediNj Monday. Dunedin Exchange sales : Rise and Shine, 26s 9d; Sandy Point- 5s 6d premium. ■ During the week ended to-day returns have been reported from 63 dredges, the total yield beiuc 14990z Bdwt 17gr, or an average of 230z per dredge. Additional returns : Perseverance 1., 41oz Bdwt 19gr; Upper Waipori, 38oz: Success, 270z 4dwt: Perseverance 11., 240z lOdwt 2gr; Island Block, 230z 12dwt; Golden Run. 220z 16dwt; Taniwaha, 220z ; Happy Valley. 21oz 14dwt; Muddy Creek, 17oz idwt; Enfield, 15oz lOdwt; Tuapeka, 13oz; Reliance, 12oz sdwt. The return from Nokomai Sluicing Company is 1960z 18dwt 19gr for the month of March. MINING IN THE TRANSVAAL. The monthly analysis of good production iin the Transvaal, as published by the i Transvaal Chamber of Mines, shows that i during January last 43 properties in the i Rand gave a yield from all sources of 192,934.99 fine ounces of gold, valued at | £819,535, or an average of 40.38 shillings' per ton. Including Barberton, Lydenbuig, and other districts, the Transvaal's total yield for January was 199,280.4550z of fine gold.- valued at £846,489, an average per ton of 40.42 shillings.. THE ARLTUNGA GOLDFIELD.

A PROSPECTOR'S OPINIONS. ! Mr. Dainty, a prospector who has visited the Arltunga field (says the Adelaide Register), states emphatically that none of the claims at 'Winnecke's Depot warrant the price that the shares have been quoted at on the Adelaide market. There is a fair surface show on the Reward claims, but the reefs, he thinks, will not go clown. All the surrounding claims have been pegged for position, and should the Reward prove a failure there is not much chance of. the adjoining properties being worked by the companies now oeing floated. The country is taken up for miles around, but very little prospecting has been done on any of it. Notwithstanding his conviction that the Reward claim will, not develop into a big and permanent mine, Mr. Dainty says there is undoubtedly an immense mineral field in that part of the State for prospectors to work on, and he will be surprised if something better than has yet been found is ; not discovered in the future, The country around Winnecke's Depot is full of small quartz and ironstone reefs and blows, many of them gold-bearing, but in every instance that came under his notice they appeared to cut out at a shallow depth. A similar result has occurred at Arltunga, which is situated 30 miles east on the same line of country. Both fields at present are more suited for small parties of men than for big companies, and a public battery erected on a central site could be kept continuously at work crushing payable stone from the numerous surface reefs which extend for miles in all directions. The White Range, from which most of the stone now going through the Government battery at Arltunga is obtained, has, in Mr. Dainty's opinion, a big future before it, there being every probability that further development, will establish permanent any payable gold mines in this district. The claim known as " Luce's" has had more work done on it than any of the others on the range, and it is turning out rich stone that is improving in quantity and quality as depth is attained. All the properties have been and are still worked in a very primitive way, the leaders and reefs being followed by tunnelling into the hills, the stone picked over, and the richest only sent to the battery, which is some seven or eight miles away. The difficulty of getting water has hitherto prevented a battery being erected near the mines; but if the claims are purchased, as there is a likelihood of their being, by a company with capital at its back, that obstacle will be got over, and the mines will be worked on a much larger scale than under the present proprietary. The chances of alluvial diggings being opened up on the country lying between Winnecke's Depot and Arltunga are, says Mr. Dainty, very probable. All the indications; that accompany alluvial gold found in other parts of Australia are prominent features in this particular district.