THE GOLDFIELDS.

New Zealand Herald, Volume XLIV, Issue 13399, 30 January 1907, Page 5

THE GOLDFIELDS.

♦_ _ WAIHf. QUARTKRLY DIVIDEND OF THREE SHILLINGS DECLARED. Thk directors of the Waihi Gold .Mining Company (London) have advised the Auckland office' that the quarterly dividend (57th) lias been declared, and is payable on March 1. lhe amount is 3s per share, and represents the distribution of £75,000 amongst shareholders, width will brino the total amount distributed in dividends to £2,427.895. — NEW ALPINE. [BY iT.I.KiTEAVH.— FRESS ASSOCfA HON, ] GitKYMOfTH, Tuesday. 'I'll.} New Alpine Gold Mining Company, Limited, wis floated at a meeting of directors to-day, when over 20,000 shares were allotted. The directors will visit the mine forthwith, and intend immediately to commence active work. Tin- operations at the mine will he keenly watched, as exceptional results are anticipated from the new reef at the No. 7 level. MINE MANAGERS' REPORTS. W.iilii Extended (January 26): The main shaft lias been extended 10ft and the country is still of a. good description. Moanataiari Extended (January 26): Driving is being continued on the large reel l>eing prospected from the surface level. This reef maintains its thickness, and the quartz contains the same favourable indication!! a.* mentioned in the last report. The distance driven during; the week has been 10;t. Trafalgar (January 26): The drive on the Empin' lode has been extended oil. making a. total of 30t't opened up to date. The reef in the lace is a well-defined body of quartz, which shows good mineral indications, and is apparently improving as the drive j.s extended. In older to test the Shamrock reef downward.* at. a point 120! in from the entrance of the low level we sank a fe.v feet, below the floor and found a good-looking reef 2'tt wide and carrying splendid mineral indications", and several stones showing good blotches oi coarse gold were obtained when taking down the reef. At the intermediate level we have driven on the course of the hangingwall branch of the Shamrock reef hit. The reef is lSip. wide, containing quartz well mineralised and showing dabs of gold occasionally. Crushing will be completed towards the j end of next week. Golden licit. (January 24): The mill has been running continuously on ore broken trim above No. 2 level, and an improvement has Ix'en notice. able during the las; day or two in the ore treated. Sloping will shortly lie resumed al the northern run, where llllmg has been required. The northern end at No. 2 level has been got in readiness for 'extension of the drive, and other development work will probably be undertaken shortly. Royal Oak (January 251: Doolev and Ross have -retired 1551b of picked stone during the week. In Dick's section they are working on several small stringers and if. takes some time to get any quantity of quart/., but. what is obtained is "•! good quality. Billing and party are bringing down; a bulk sample {about 20 tons) from one ■at the tip ; which ought to be payable. Southern Queen (January 261: Nos. 3 and 4 lores are in progress on the leader, which keeps up its usual size and appearance. Strong colours ■ f gold are seen at each breaking down and Tib el picked stone have ban selected from the general ore. A email break came across the reef ,ii the drive at the Blue reef, but an improvement in the quality of the ore should take [dace as the drive 'is advanced. No. 3 Etope. on the reef ha- been extended 6ft, the quartz lieing of a favourable < escnption, carrying a good class of niineiil. Strong colour.) of gold were seen in the stone at tie la.-i breaking down. The , quartz at the Atlantic reef is promising for goldI hearing and carries a splendid class of mineral. I The drive at. i,.e low level has been advanced W.t. ! New Monowai (January 24): The work of alterj ations to the battery is being pushed forward, j while the trusses to'eirry the new shaft are in position mid the slia:, will be put up in a day j or two. Kapowai (January 24): A distance of 14ft has been driven on the cross-reef in the astern end I of No. 2 level, the reef being 3ft wide and carrying j payable gold. The crosscut in the western end of [ No. 2 level has been driven 12ft into broken country, with a little gold in patches. A trail of loose gold followed up at the west of the present workings has loci 'o a reel 4ft wide, with gold in payable quantities. It is in entirely new ground and is of great importance to the mine. Kirikiri Mines (January 25): Water-races—The north brant of the water-race is now complete J excepting a little puddling that is required at | the dam. The Filly branch is also completed. The ground tram has been connected with the Horseshoe level and can now convey quartz front the mines to the battery. I hope to he able to report a crushing before the end of next week. New Hunker's Hill (January 26): Rising has been continued for .-. distance of 6ft and the leading slope continued 15ft for the past week. A connection has been made with the No. 1 rise I and No. 2 rise uortli. of the crosscut. This con- I nection will give mo ventilation '.<* enable me to prospect this block of ground, where colonic of gold have been obtained for a distance o: COlt. j South Kapanga (January 23): In eon-vquince of breaking into old workings and the water becoming too heavy work has been discontinued in McNeil's winze. "Men have been put on to drive an adit level for the Scottv and Corby loads We have every hope of meeting with successful results in developing tics part of l-he property. Champion Mines (January 26): Dining the week we have extended the low level ITII. making 1106 ft driven to date. lp to the present the No. 2 lode, winch we have been driving for, Ins not been struck, though the country penetrated is of a promising description. The two hands engaged driving across the new lode have driven of: and are continuing the same course as that when reporting on the 19th inst. The ore is still showing ahead. The ore being broken from this j lode is still of the same class, and gives fair prospects by pounding and washing in the dish, j