THE GOLDFIELDS.

New Zealand Herald, Volume XLII, Issue 12859, 6 May 1905, Page 3

THE GOLDFIELDS.

waiia a.M. Co. , £54,110 FROM 21,778 TONS. TOTAL TO DATE, OVER £4,000,000. The Waihi Gold Mining Company during the four weeks ended April 22, crushed and treated 21,778 tons of ore, for a yield of bullion valued at £54,110. Though this exceeds Mia output for cither of the Cist two months of the present year, it. is less than the return for March last, when 22,453 tons gave a record yield of £55,310. | It will be noticed, however, that on the present occasion a smaller tonnage was treated. This is accounted for. by the fact that owing to a shortage in the water supply the company's mills have been hung up for some time, causing the amount of ore crushed to be lower than the average. The Wailii mine has now produced an output of a value of over four million sterling, the actual figures to date being £4,031,484, as shown in the following table of details: — To July 31, 1890 £13,628 July 31. 1890, to December 31. 1891 ... 36.458 In 1892, 18,297 tons 46.219 In 1893. 19,805 tons 64,345 In 1894, 24,564 tons 83.023 In 1895. 33 6 7 0 tons 120,33b In 1890. 34,'M0 tons 13:5.156 In 1897. 40,764 tons ' 144.041 In 1893, 77,929 tons 256.494 In 1399, 102.381 tons 302.525 Ii? 1900, 112.012 tons 317.902 Til 1901. 159 325 tons 461,20? In 1902. 179.437 tons . . &21.574 In 1903, 2.51.373 tons 650.1U1 In 199-!, 259,958 ton- 675,101 £3,326,437 Period endingJanuary'2B, 1905, 21.400 tons ... 43,4// February 25. rOS, 23.076 tons ... 52,100 March 25, 1905, 22.453 tons 03,310 April 22, 1905, 21,778 tons 54,110 Total to date ... £4,031,484 Total dividends, etc.. to date .. £1,015,336 TALISMAN CONSOLIDATED G.M. CO. £9278 FROM 3820 TONS. TOTAL TO DATE, £348,338. During April the Talisman Consolidated Gold Mining Company crushed and treated 3820 tons of ore for a return of bullion valued at £9278 7s sd. This shows a decrease upon the return for March, when 3550 tons gave a record yield of £10,510 7s 3d. The costs for the past mouth were £1 8s 3d per ton, made tip as follows:—Mine development, 6s 6d ; mining, 9s 7d ; milling, 10s 5d ; general expenses, Is 3d. The tola! amount won from the mine to date is £348,338 14s 10d, as shown in the following table of details: — To December. 1898 £39,853 7 3 To December. 1899 35.317 6 6 To December, 1900 28,645 2 7 To December. 1901 16.764 19 8 To December. 1902 24.202.15 4 To December, 1903 88.095 0 5 To December, 1904 54.326 1 7 Total £317,786 17 4 Period ending January 31, 1903. 2570 tons ... '',594 18 8 February 28. 1905. 3420 ton- ... 6,j68 4 2 March 31, 1905. 3550 ton.- 10,510 7 3 April 30, 1905. 3820 tons 9,278 7 5 Total to date £348,338 14 10 KOMATA REEFS G.M. CO. ENCOURAGING DEVELOPMENTS. The manager of the Komata Reefs Gold Mining Company has sent a cable to the Homo directors," containing the following information : —In the drive north on No. 2 reef at No. 3 level, the lode ha* an average width of 13ft, and an average value of £3 per ton. In the drive north on the same reef at No. 4 level, the lode has an average width of 12ft. and an average value of £5 per toft. It is encouraging that both these faces should give such, good values. WAIOTAJII G.M. CO.

ANOTHER DIVIDES DECLARED. The directors of the Waiotahi Gold Mining : Company yesterday declared another 'dividend of "64 share, payable on Friday next, 12th hist, This payment will absorb £1500, bringing the total reimbursement to shareholders to that date to £49,800.

[BY TKHIGKAI'H.—UW.V coseesponuent.] THAMES, Friday.

The Waiotalii shaft has now been sunk to a sufficient depth for the well-hole below the new level, Ho. 5 and the work of cutting out the chamber is now in hand. As soon as this is completed, the crosscut for the reef will be commenced. The country is still of a hard nature, but will probably improve as the drive gets away from the, shaft. The continuation of the shaft downwards has been decided on, and this work will be gone on with at the same time as the driving of the crosscut, and will be sunk about another 60ft to'open up another block. No. 2 slope above No. 4 level has been extended for about 50ft in length and as there is now a large .space open work has been temporarily suspended to allow of tilling in, which will take the most of next week. There is, however, sufficient quartz on hand to keep the battery fully employed until after the tilling in as completed, and a, start again made op the stones.

KAPANGA TRIBUTERS. [IIY TELEGRAPH.OWN COKHUSfUXIJEX I'.J v CoEOMAXDKi., Friday. Messrs. Jos. Martin and party, who have been crushing the Kapauga tips on tribute for some time past have just banked 720z lOdwt of retorted gold, and a fortnight back they banked 140/., making 116oz lOdwt for the past month, valued at about £300. MINE MANAGERS' REPORTS. Golden Belt Gold Mining Company: A reef was cut in the low level on May 2. It is a fine body of stout: oft wide, heavily mineralised, and a sample taken from it assayed 17s 3d per ton. According to the surveyor there are still 23ft to drive to cut the Ajax reef, and there is a possibility that the lecf cut is not the Ajax reef. However to make sine of this point I will keep the crosscut straight ahead until 1 am satisfied about it. The now reef is cut at a point 10011 north of the rim of gold in the road level, and I think it is very encouraging to find it assaying 17s 3d per ton. Battery : Good headway is being made with the water-races and rivettiug the water pipes.

SOUTHERN MINING. [BY TELEGHAPIJ. —PRESS ASSOCIATION'.] Dt'XEDIK, Friday. Stock Exchange sales: Electric, 38s ; Golden Run, 295; First Chance, lis; New Halfway House, os.