THE GOLDFIELDS.

New Zealand Herald, Volume XLIII, Issue 13354, 7 December 1906, Page 3

THE GOLDFIELDS.

WAIHI GRAND JUNCTION*.

[by telegraph.—own CORRESPONDENT.] Waihi, Thursday. The reef recently intersected at No. 4 level, in the Waihi Grand Junction, was proved to bo close on 40ft in width, and now crosscutting for the No. 2 lode is m progress. It is expected the lode will be to hand in about 50ft of driving. The 6tnp*» at the back of No. 3 level, on Nos. 1 and 2 lodes, continue to look well. and » sp.endid .supply of crushiag material is comieg to hand from these- .source?. MAORILAND. [BY TELEGRAPH. —OWN CORRESPONDENT.] Waihi, Thursday. The mine manager of the Maoriland mine reports that in the low level, No. 3 stope, north of No. 1 rise, lias been stripped 17ft. In the intermediate level, No. 2 block, No. 1 stop*, on No. 4 reef, north of No. 1 vm\ hut been stripped 20ft. On No. 2 reef. 260 ft north of No. 1 rise, the drive has been extended 18ft. and the value lias improved. The reef shows- more sulphides and some, gold by pounding, but it is only 4in wide. The battery manager reports thai the stamps have worked nine shifts and crushed 23 ton- since the slime vat was completed. The stamps have worked full time, and will do so as long an water holds out. For the week low. of amalgam were obtained, and with the cyanide bullion should give about £80. THIS ALPINE MINE. • illY TEI.tfCKAPII.— PRESS ASSOCIATION'.] Gkeymoi th . Thursday. The latest reports from the Alpine mine at Lyell states that the stone in the fate is widening, and is lying between welldefined Avails about 2ft 6in in width, the stone is very rich. .Specimens on view in; town arc causing a good deal of interest... THE SULPHIDE CORPORATION. The chairman of the Auckland Stock Exchange (Mi. G. A. Buttle) received the following cable message vesterdav from Messrs Gibbs, Blight, and Co., of 'Melbourne: — "Please inform the press that we have received a table from the Sulphide Corporation that the directors will recommend at the annual meeting to be held on December 19 a dividend of 10 per cent, on preference shares, payable on December 21."

MINE MANAGERS' REPORTS. Magnet (December 3): The distance driven by. the present, coinpunv in the main crosscut, is 81tt,. The rock in the face is .-till hard, but is improving. After Koinjr over the surface port of tins property and noting the direction of the reels, in former'workings on the higher grounds, 1 »m convinced the tunnel ia being pushed ahead on the right, course Waihi Beach (December *): The water i* now down below the cap of the chamber set. Pumping was delayed two days while the boiler was' being cleaned out. but the latter is now doing; better work. . New Una (December 4): The face of the drive has shown a change during' the last day or two, rl.<- metallic lustre previously wen in the roek having disappeared. The rock, though easier to bore, does not break quite so freely, and the tew seams'now mot with are of a rusty nature, indicating the nearness of a mineralised andesitc country. The distance driven from the < " " tr n !'®: is 210 ft, the 24(1, just done completing the dW\t contract.