THE GOLDFIELDS.

New Zealand Herald, Volume XLI, Issue 12695, 25 October 1904, Page 7

THE GOLDFIELDS.

- —■■ %m -— GOLDEN BELT G.M. CO. IK the Golden Belt Gold Mining Company's hie ft " sd has been started °m the road level to connect with the winze sunk from the toP crossout. The low level is now sin gjSff Everything is progressing satisfae- ;; jorily at the battery. __^ ROYAL OAK G.M. CO. ' The Royal Oak Gold Mining Company secured Mb of picked stone last week. ' NEW MONO WAT G.M. CO. Tho reef in the New Monowai Gold Minfar Company's mine was broken down last week for assays, and about 30ft from the langingwall side it proved of a mullocky description, with ribs of quartz hero and there. A point has now been reached where the last company started to drive on toe. lode, and quartz is showing in tho face. MAHARA ROYAL G.M. CO. In tho Mahara Royal Gold Mining Company's mine No. 2 winze on tho main reef is now down 10ft: The hangingwall portion of the lode is sft wide, and is a well-defined body of ore. Gold, is frequently seen. BUNKER'S HILL G.M. CO. In tho stopes on the 4in leader in the Bunker's Hill Gold Mining Company's mine above No. 3 level 31b of specimen stone »nd lib of picked stone came- to hand last week. The leader gives appearances of better results, and is from 2in to Sin wide and in a most favourable class of country. No nayablo results have so far been obtained m the stopes north of the rise, but the leader looks promising and is well mineralised and in a good gold-bearing channel of country. jio. 1 crosscut is in 35bft and is also in good country. HAURAKI FREEHOLDS. LIMITED. A recent breaking-down of the- reef in the JTauraki Freeholds mine resulted in gold being seen occasionally in tho ore. Tho lode is divided into two portions, but is converging eastwards, to where an improved class of ore was obtained. Better results are. expected when this section of the lode is blocked out. Work in the stopes on Anderson's le&der is to be resumed this week.

' " DUNEDIN STOCK EXCHANGE. [BT rEIXGBAI'H.— rRESS ASSOCIATION'.] DrKEDix, Monday. Stock Exchange sales: Dunslan Lead,"Bs; Majestic, 2s 6d ; Unity, 30s.

DREDGING. «i [BT TELEGRAPH.—PEKS9 ASSOCIATION.] " " GEKTMOUTtt, Monday. Dredging Returns: Bignells (122 hours), . 16dwt; Nelson Creek (week), 3Coz.; J»n,ieson's Reward (157 hours), 3705; Rookland" (week), 360z sdwt; Callaghans Creek (150 hours), 360z: Mosquito (week), 350z; Paotoliis No. 2 (123 hours), 26cs 15dwt; Notown Creek (week), 24ojs; Pactolus No. 1 WB hours). 20oz 13dwt; Aklinga (week), 18oz 4d'*'t; Moonlight (115 hours), 15oz; Mosquito (five days), 14oz sdwt. Dxtnedh;, Monday. During the week ended to-day returns toe been reported from 47 dredges, the total yield Wing 18740z 3dwt sgr, or an average of 330 a per dredge. Additional re'ttutis:—New Perseverance 1., 40oz; Now Perseverance 11., 21oz 15dwt; Enfield, 19oz 15dwt 12gr; Loch Lomond, 13oz lOdwt.