THE GOLDFIELDS.

New Zealand Herald, Volume XLII, Issue 12930, 28 July 1905, Page 3

THE GOLDFIELDS.

KOMATA REEFS, G.M. CO.,

'£3800 FROM 1360 TONS.

TOTAL TO DATE, £163,800.

During the four weeks ending July 15 the obi ate Reefs Gold Mining Company crushed and treated 1360 tons of ore for a yield of bullion valued at £3800. This is the highest output of the present year, the next best being that for the four-weekly period ending June 17, when 1300 tons of ore yielded bullion valued at £3775. The total amount won from the mine to date is £163,800, as shown in the following table of details: —

To December, 1900 £30,369 "0 0 In 1901, 8670 tons 11.092 0 0 In 1902, 12,260 tons 27.085 0 0 In 1903, 14,730 tons ... 37,157 0 0 In 1-904, 16,900 tons .., 34,430 0 0

£140,133 0 0

Period ending- - „ „ „ January 28, 1905, 1260 tens ... 2,407 0 0 February 25. 1905, 1320 tons ... 3,463 0 0 March 25, 1905, 1260 tons. ... 3,557 0 0 April 22, 1905, 1260 tons ... 3.250 0 0 May 20, 1905, 1300 tons 3,415 0 0 June 17, 1905, 1300 tons 3,775 0 0 July 15, 1905, 1360 tons 3,800 0 0

Total to date ... £163,800 0 0

GOLDEN BELT G.M. CO.

There was a marked advance in the price of shares in the Golden Belt Gold Mining Company (Upper Thames) on the sharemarket yesterday, 'and sales were made as high as 3e 2d (paid-up shares), against 2s 3d on the previous day. At the closing call the market was a trifle easier, the business done being at 2s lOd, 2s lid, and 3s, late buyers 2s lOd, sellers 3s. The rise wae due to the following telegram from the mine manager, posted on 'Change during the forenoon: —" Started winze to meet low level; gold showing freely. Securing picked stone. Samples by train _to-day." The winze referred to is from the road level, and has to go down a total distance of about 170 ft to connect with the low level. ■ The samples of picked stone will be on view at the office of the secretary of the company, Mr. H. Gilfillan, jun., New Zealand Insurance Buildings, to-day. NEW SAXON G.M. CO. _, The manager of the New Saxon Gold Mining Company (Thames) telegraphed to the secretary (Mr. Sheath) yesterday afternoon as follows: —" Banked 61oz lOdwt retorted gold from 17 loads and 351b picked stone." The net value is approximately £170, [Bt TELEGRAPH.OWN CORRESPONDENT.] Thames, Thursday. In the mine work is being continued. We are driving at No. 4 level on the Cardigan No. 1 lode, which has*' opened out to a well-defined body of quartz in the face, carrying more mineral than it has previously done, and showing gold freely when broken down. A start has also been made to rise for a leading stope eastward of" the break, and about under the winze which was sunk from No. 2 level, and it is intended to rise up at this point to connect with the winze for the more effective working of the block. The prospects being met with so far are very encouraging, • considering that there is a large extent of country at this end of the mine which has not been previously worked, and l the mine is intact from the No. 6 'level to the srurfaoe.

MINE MANAGERS' REPORTS. Old Hauraki G.M. Co. (Coromandel, July 25): In Allen's No. 2 section there is occasionally a little gold showing when breaking down the lead. Two pounds of picked stone have been selected and strong colours of gold are occasionally seen in the general ore. In McNeil's No. 1 section they have accumulated about three tons of payable ore and 2jib of good picked stone, and from present appearanoos are likely to got a few more tons of similar or®. In Davies' No.' 5 section they are toping on No. 6 lead in good country and with good mineral indications, but so far only a few colours aro occasionally seen. The chances are they may discover a patch of picked stone in stopiag out this block. In Luke's No. 9 seotion they are driving a crosscut for the purpose of intersecting a gold-bearing lead in the hangingwall of the lead previously worked by them. The crosscut is now in over 40ft in a likely class of country, and the lead should be intersected in a few more feet of driving. In Molntosh's section they aro stoping on a small lead that occasionally shows strong colours and dabs of gold in the stone, and are accumulating a little ore that should crush fairly well. C adman G.M. Go. (Te Aroha, July 24): Have continued driving on the reef -with two shifts. The reef has been much smaller, and with the exception of one day little or no gold could be got by dish prospecting. The country encasing' the lode is, however, of a good class for carrying gold. Moanataiari Extended G.M. Go. (Thames, July 24): Good progress continues to be made with the drive on the cross reef at the Point Russell level, a distance of 24ft having been driven sinoo my last, making the total 299 ft. For the whole of this distance the cross reef has been well defined but irregular in its ooui'Sß, consequently, as already reported, I thought it advisable to get Mr. Adams to make a survey, which confirmed my suspicion that we were bearing too much to the east or towards the Alburnia Company's property. The course of this drive has now been altered, and is heading direct for the reefs worked in the upper levels, but before these are reached wo will be driving through a section of ground which . has never been pros]>ccted, and consequently have no data to fix the exact position at which a reef may be intersected. ■ However, the country is all that oould be desired and the ventilation continues good.

Yesterday forenoon Mr. Jos. Thornes, auctioneer, sold by auction 4575 shares in the Wai'hi Beach Gold Mining Company, forfeited for non-payment of the call of Id. The shares sold at 4fcl and sd.