THE GOLD FIELDS.

New Zealand Herald, Volume XLII, Issue 12758, 7 January 1905, Page 6

THE GOLD FIELDS.

i THE WAIOTAIII DISCOVERY

DESCRIPTION OF THE WORKINGS.

THE STONE GLITTERING WITH

MINERALS.

BREAKING DOWN POSTPONED.

[BY TKLIiCKAriI. Jil'EClAli IJIU'ORTKI!.]

Thames, Friday.

Wo-nic was resumed in the Waiotahi Gold Mining Company's mine on Wednesday. Some preparatory work was necessary at the outset, and (ho actual extension of the drive on -the reef was not taken in hand until vc'stardav. Sin.-e then an additional distance of about Itt has been driven. : , I was taken through the workings to-day ' In- the mine manager (Mr. George Winnie). The Unci is situated at. No. A level, at a depth of about 360 ft from the surface. The present' face is in about 100 ft from the point where the crosscut from the shaft first intersected the lode. For some distance the 'reef did not give too good results, but about 20ft- back from the present face the rich block came in on the left hand or hangingwall side, which yielded the scwt of picked stone. This valuable block is now being stripped-, the face being continued ahead in order that there may be a good area of the bangiugwall available for breaking down. The han'Minjwall portion presents a fine <,Mit Although the work done in the-rise and face since it was first broken down has caused a- laver of dust to congeal on the quartz, tin' stone fairly glitters with minerals, and hen- and there are to be seen coarsa dabs of gold: in fact, in several pl-ices die- gold ; s plainly visible, the reef i's'nf somewhat curious formation, the quart/; "bein- in lovers. It is all heavily mineralised ."that hi the face, which is classed as General dirt, being worth about ljoz to the ton. The face exposes a solid mass of ore Bft wide, with no walls visible. All tins is briii'' sent to the mill. Regarding the very rich stone on the hpii"bi"wal'l. sufficient was seen to warrant belief that when broken down again, at ii'uv rate a fair amount of picked stone- will be' obtained. No breaking down, however. will take place until the drive is a little further advanced. The stone in the mineral block in the hangingwall is too rich to break down indiscriminately, and the drive has, first to be cleaned up. and other precautions taken against losing any of the rich stuff, as i; is shot down. The manager could not state definitely when he would again break down. Jhe idea, is to carry the drive along' lor a few feet then to come oack and break down .He hangingwall portion, of which there is now dripped a length of 20ft, with a width of probablv 2ft or oft. It is certainly a grand show, and if the run of gold continues, or ■toes down, as may be tho case, the most hopeful anticipations may be realised None of the other mines have started operations yet. but they will do so on Mou- , . [BY TELEGRAPH.— OWN CORRESrOXDEN-T.] Thames. Friday.

Work in the Waiotahi mine has been re siimcd with an increased stall oi men. and the drive is being pushed on with three Shifts. The progress, however, is slow as the lace, is of solid quartz. The battery is running one .shift on the general ore being broken from the. drive.

A special meeting of shareholders of the >•:- Waiotahi Gold Mining Company was held vesterdav in the office of the secretary (Mr. Q S. Tussling), to consider the proposal of' the directors to subdivide the shares. Mr. C. C. McMillan, chairman of directors, ' ; presided. ■ The chairman moved a formal ' • resolution to authorise the directors to ££'•".' divide the capital of the company by subK division of its shares or any of them into H' shares of smaller amounts than is fixed by HP i'' the memorandum of association. Mr. HudH son said the resolution did not 'indicate. M ■- what number of shares were to be created HSfcy tho subdivision, and the chairman said m the directors were of opinion that the total moaiumber should be made 60,000. The resolu- ■ ,'.■ tion was carried unanimously, and Mr. ■ Kissling explained that it would have to 1 .■bo confirmed at a meeting to be held on I •' January 21 or 23. and at the same meeting p':' the recommendation of the directors with I' - regard to the number of shares could be [ , submitted. If that Mas adopted, then au- ? . othei meeting would have to be held after it lapse of 14 days to confirm the second 3.'V'; resolution, so that" it would be about February 10 before tho thing was finally done. Ir Mr. J. Kirker suggested that the directors •': should get the first meeting called for Janu- *'•' ary 21, and get tho whole thing completed »■■• as .soon as possible. ; The directors subsequently met and de- : ■ cided to call another meeting for January 21, and the final meeting for February 6. '' : - Tho following resolution will, be submitted dfter the confirmation of the resolution as ;' quoted above:—"That the directors be au- ' thorised to divide each of the existing shares £-' d of £3 each, of which £2 10s is paid up, h' : into 10 shares of six shillings each, on each S£- 1 of which shares the sum of live shillings . ; shall be credited as paid up." I- ' TALISMAN CONSOLIDATED G.M. CO. ;/ " £4999 FROM 2405 TONS. TOTAL TO DATE, £317,786. I|| THE YEAR'S OUTPUT, £84,826. 1 During the 20 dav's ending 'December 23 the H Talisman Consolidated Gold Mining ComSv pany, Limited, crushed and treated 2400 P -tons of ore for a return of bullion valued at If £4999 13s 3d, the average yield per Urn. 'i :being £2 Is 7d. The costs per lon.for the ' month were £1 12s lid, made up as follows: —Mine development, 9s ; mining, 8s 9d ; milling, 12s 4d ; general expenses, • : 2s lOd. The yield per ton is 7d better than I in November* but the cost per ton is 2s ; more. The total amount-von from the ■ .mine to date is £317.786, and the total for this rear is £84,826 as shown in the following table of details ;-rTo December, 1593 £39.875 7 5 ; ; -To December. 1399 ... 35 317 6 6 IS-!. To December, 1900 28.°45 2 I To December. 3901 16.764 19 8 To December, 19j2 24.262 13 « To December, WOS 33.095 0 5 Total £232.560 15 9 .Trmuarv. 1991. 2659 tons ".860 0 0 I'elmta'rv. 1994. 4J35 ions ... 7.35 a 0 0 March, 1904, 4250 tons ... ... 8.056 0 0 Ann!, 1904. 3915 tons 3.19J 1.5 l Mav, 1904. 59211 tons 8.197 19 I June, 1904. 5918 tony 8.4:6 0 0 July. 1904. 3975 tons 6 M, 1Z r * August. 1904. 4405 tons 7.J.7 .> 0 September. 1904, 4120 lorn* ... 7.025 4 2 October. 1904. 3435 ions 6.182 16 3 November. 190-1, ,y,..;i tons ... ?•£& <* ' December, 1904, 2495 ton? ... 4.999 13 a r ' Total to date £317.735 17 4 WAY QUEEN EXTENDED G.M. CO. [irr 'TKLKca-vi'U. —own corkesi-ondent.] Thames, Friday. Mr H. M. Shepherd, chairman of direc- % tors of tho May Queen Extended Gold Min- . :■ ing Company, visited that mine to-day, in r : company with the manager, and carefully t% inspected the leaders in the drive, and ex- • pressed himself highly satisfied with the ~• , appear itneo' of the quartz. Mr. Shepherd I'broke several'pieces.of ore from the back ' of the drive, which showed nice dabs of ■coarse gold. Instructions have been given '. 'to the "manager to increase the staff oil f£!resuming operations next week, and comV; -msnee a leading slope. A trial crushing will M bo put through the battery as soon as possible, to- test the actual value of the ore. GOLDEN SPARK G.M. CO. h' T?sv' 'j u.i-cui.mt.—ow.v cokuk.si'o.n'd>:kt.] . v - CokOjl.v.vdkl, Friday. ■ Operations in the Golden Spark mine were .•■■resumed on Tuesday las!. Sloping opera- '.-.' lions are in progress in a block north of the j' rise above the old level, and between the | .old and new workings. Gold is showing in the ore, and it is probable that picked 'one will)}© obtained in the near future.

A NEW,GOLD SAVER. [BY TELEGRAPH.— I'RESS ASSOCIATION.] Kxjmara, Friday. A trial of the " Dividend " Gold Saver (cast-iron ripples) was made yesterday by managers ,of the Government water-race and three miners, "who report that the result was a fair prospect of exceedingly tine gold, finer than they had ever seen saved in blocks or ordinary ripples. The wash treated was very poor, and probably would not contain more than a pennyweight to the cubic yard.