THE GOLDFIELDS.

New Zealand Herald, Volume XLIV, Issue 13435, 13 March 1907, Page 5

THE GOLDFIELDS.

NEW SYLVIA

An extraordinary general meeting of share- ! holders of the New Sylvia Gold Mining Company was held yesterday afternoon for the purpose of considering a proposal submitted by the directors to increase the share list from 100,000 to 150,000 at 2s each, 30,000 to be held in reserve for probable purchase of machinery or other contingency, and 20,000, together with a sum not exceeding £50, as expenses, to the vendors of adjoining land desired to be purchased. Mr. A. Wright, who presided, explained that the land to be acquired was almost indispensable to the profitable, working of the company's mine, as into it ran the principal reefs on the present property. Mr. D. G. MacDonnell, in moving the resolution, strongly urged the purchase of the land, expressing his implicit confidence in the results that would accrue by so doing. Mr. J. A. Endean seconded, and the proposal was adopted. TEMPLE BAR. The supervisor of the Temple Bar mine reports as follows:— the week the contractors advanced the low level lift, making in all 189 ft. A stream of water is now issuing from the face. This may indicate the proximity of a reef, but as this was only met with a few hours previous to my visit on Saturday morning 1 am unable to say whether it will produce a change in the character of the country or not. "UNBEAM. The report presented by the directors at the annual meeting of shareholders of the Sunbeam Gold and Silver Mining Company stated that a trial crushing from the mine was treated with satisfactory results. As the cost of haulage from the mine was excessive, it was decided to connect the different levels existing in the mine, and connect the battery by tram direct with the mine, and at the same time open up further ore reserves. This work was carried out. Besides repairing the battery and improving the mill, the plant was added to by putting in three Luhrig varmers, two agitators had been erected, and a complete suction gas plant installed. The receipts and expenditure showed a bank balance of £111 9s lid. The chairman (the Hon. E. Mitchelson) expressed the opinion that by the end of the present financial year the shareholders would have some reward for the confidence they had placed in the mine. The report and balance-sheet were adopted. Messrs. •W. Burton and J. Smith were re-elected directors and Mr. P. Butler was reappointed auditor. MINE MANAGERS' REPORTS. Champion (March 9): Two shifts have been encaged rising on the lode in the low level and nave risen Bft for the week, making 33ft to date. The lode is a little more mullocky, but still carries payable prospects. We have advanced the tunnel across the new lode sft, making 40ft to date. The ore pasted through is much the same character as previously penetrated. South Kapanga (March 11): Working for five days an advance of 13ft has been made. We are still driving through the hard bar of country rock, but 1 am in hopes of getting through it soon, indications pointing to that direction. If the country improves we should intersect the reef within the next two weeks or 60.

Watchman (March 9) The level towards the Windfall reef has been advanced 20ft on the course of the new reef, which is composed of solid quartz heavily charged with zinc blonde and copp;r pyrites. If it continues its present course it will junction with the Windfall reel in close proximity to the point underneath the outcrop, where the gold is obtainable on the surface. One man is employed at the surface level on. the above reef, the drive being carried along on the footwall portion, and 4ft of ore broken out, giving good dish prospects. Waihi Extended (March 9): During the week the north-west crosscut, No. 4 level, has been extended to 30ft from the shaft into good country. A start has been made to drive the south-west crosscut in a likely-looking channel of country. The No. 3 winze has been suck a further 15ft, mailing 128 ft from No. 3 level, good sulphide ore being exposed as sinking proceeds. Waihi Gladstone (March 9): During the last fortnight the eastern crosscut, No. 3 level, has been advanced lift, making a total of 95ft. The country, is tight and heavily mineralised. The present party should ' finish their contract early., next week. "Tenders have closed for a contract continuing the crosscut a further 200 ft. Victoria (March 11): Two men have been put on to work on a small leader on the hangingwall of No. 1 reef. No. 4 level, just on the junction of the erossreef, where a few colours of gold wore eceri in putting in the No. 1 drive. The country is favourable to the existence of gold, and : hilst breaking down * few colours were seen. . Two men have started to stope on the Victoria reef above No. 3 level, west of crosscut, where a block of land is left standing east of No. 1 break. The reef at this point varies from 2ft to 3ft in thickness. The quartz on the luingingwa.il of the reef contains pome favourable minerals find colours of gold were seen in a small leader in the hanging wall. The leading step? has been extended 3-ft. The country encasing the reef at No. 3 level is mild mineralised sandstone, and the reef shows favourable minerals when broken down. Rising Sun (March 11): During trie past week sinking on Hie reef has been continued and ore of a pnvable grade is being won. The reef is between" sft and 6ft wide from wall to wall and is looking well, Rood prospects are being obtained bv pounding, whilst wcaaional colours of gold are" seen in the quartz broken.