MINING NEWS.

New Zealand Herald, Volume XLIV, Issue 13605, 26 November 1907, Page 3

MINING NEWS.

KOMATA REEFS.

Till') latest report available from the manager of the Koinnta Reefs mine deals with the four weeks ending October 5. The ■width of the reefs in the various' stopes worked during the period varied from 4ft to TOft, and the values ranged from £1 15s to £3 per ton. No. 2 reef at No. 5 level was wider than, in the previous month. No. 1 reef at No. 3 level showed improved value in the ore in tho second block,' and in the third block was wider and worth more. The value of No. 2 reef at No. 3 level (first block) fell off and No. 1 reef at the Smithy level improved a little in value. The drive north at No. 5 level on No. 2 reef showed a reef 7ft wide, and worth £3 3s per ton. In the drive north on No. 1 reef, at No. 3 level, the reef- was looking very well and carrying rich dabs of ore, the width of 10ft' being maintained, with a value per ton of £13 Bs. The ore in the winze north on No. 1 reef at' No. 3 level was much improved in value (£1 15s) per ton, and 4ft wide. No. 2 reef at No. 4 level in the drive north gave a little poorer value (£1 19s) than in the previous month. No. 1 reef in the drive north at No. 4 level had fallen oft' in value to 15s 4d per ton, and the same reef in the drive south to shaft at No. 4 level gave a.value of 10s 6d per ton.

NEW DART.

AN INCREASE OF CAPITAL.

The annual meeting of/shareholders in the New Dart Gold Mining Company was held yesterday, at the office of the legal manager (Mr. H. Gilfillan, jun.), the Hon. E. Mitchclson, chairman of directors, presiding.

The report of tho directors stated that during the past six months the erection of winding plant had been completed, and the mine unwatered. Some work had been carried on in the mine and small trial crushings of ore had been made, but without payable results. The capital of the company being called up," operations were suspended, : and the position of the company had been carefully considered by the board.- A special report on the prospects of the mine had been obtained from the mine manager, Mr. G. Comer, in view of which the directors had decided to recommend to shareholders that the capital of the company should be increased, in order that the further works referred to by the mine manager might be carried out. The mine manager's report referred to recommended that a crosscut be driven from the main adit, and about 60ft driving should .see the Alfred reef in hand. This would intersect the reef about 100 ft west of winze and about 15ft below the bottom of winze. Should it prove to be payable, which there was every prospect of it being, it could be picked up again on No. 4 level, 110 ft below. The reef where the crosscut would intersect it was solid to No. 1 level, and as the biggest portion of gold got in the mine came from the west of the shaft this was well within the golden country. Tho No. 1 reef and the specimen leader were well worth further prospecting on the No. 4 level. He strongly, recommended that the work of picking tip No. 2 reef under the break be carried out; also the other works enumerated above, and seeing ■ that little work had been done, in the mine below the beach level, he'could highly recommend this work, as lie was confident that the company would fee well rewarded. In moving the adoption of the reports, the chairman said that £349 liabilities had been incurred over and above the capital subscribed. The company must either wind up, or extend its' capital. The report and balance-sheet were The Hon. E. Mitchelson and Mr. H. T, Gorrie, the retiring directors, and Mr. F. L. Prime, auditor, were reelected. / •■■■:* At a subsequent extraordinary general meeting, - the following resolutions were carried.- —

(1) That the capital of the company be increased to the amount of £7500 by the creanPrn« of ,. a, ? dit . io , capital to the amount of £2500, divided into 50,000 shares of one shilling each, such shares to be issued as ordinary shares, ranking: as to dividend and aa to distribution of capital on a winding-up pari passu with the ordinary shares on the existing capital of the company. (2) That the 50,000 additional shares be offered at par in the first instance to the present members of the company, in proportion as nearly, as may be to the number of shares now held by them respectively, and upon the footing that the sum of one penny per share shall be paid to the company on acceptance of the offer, and a further sum of one penny per share on allotment, and that such offer be made by notice specifying the number of shares to which the member is entitled, and limiting a time within which the offer, if not accepted by payment, will be deemed to be declined, and that the directors be empowered to dispose of the shares not taken up in response to such offer as they may consider expedient in the interests of the company.

The Chairman pointed out that the manager's report was verified by Mr. H. H. Adams! superintendent. A number of shareholders desired the increase of tho .capital, in order to enable further development of the mine. It was not incumbent upon present shareholders to subscribe further capital, and should any decide not to do so, the directors would decide as to whether the - shares not taken up should be taken by themselves, offered to othershareholders, or to the public.

WAIOTAHI. The manager of the Waiotahi Gold Mining Company reports for the week as follows : — * " No. 6 level : Driving east on the footwall dropper is in progress, and is in a distance of 259 ft. The reef has opened out to about 2ft in width, and is carrying a little gold. The drive on the branch off the footwai! dropper is in a distance of 149 ft. The leader is about 4in in width, and is carrying colours of gold in the drive west from the winze below this level. There is. no change to report, in the stopes above this level. On the main reef the seventh stope is now in* progress, but work here has been slow, as a good deal Of timbering has been required to secure the ground around No. 1 winze. The fifth slope oil the dropper,.hasbeen, carried 66ft east of No. 1 winze, and colours of gold are occasionally seen. On the Cure reef the . sixth stope west of the rise lias been carried a distance of 59ft, and colours of gold have been seen. This slope has also been' carried east of the rise, for a distance of 10ft.. The reef here, although small, has shown a few good colours of gold. No. 5 level: On the footwall dropper wo have during the week been ris-ing-up for a stope some 50ft east from the crosscut. The leader here is small, but has shown some good colours of gold. On the main reef the 10th slope has been carried 89ft east of No. 1 winze. The face of the 11th stope is now 55ft east of No. 1 winze, bub no gold has been seen in either of these slopes dining the week. No. 4 level: Stoping east and west of No. 1 winze on the main reef above this level is iii progress, and is. yielding payable crushing dirt. Cleaning up for the .month will take place on Monday next. V.,:

MAY QUEEN. ;■-.■ Now that No. 11' level in the, May Queen mine has been drained, Mr. H. H. Adams, ■superintendent, states that the drive seaward on the reef and the drive to get in under the -winze,-:in the "bottom of which gold was left, will'be started at the end of this week. The latter work will probably occupy about four months. . - MINERALS, LIMITED. • The manager reports by wire that he .has had a wash-up amounting to 260z, out of 71 loads, sold for £102 7s 9d. - - WAIHI WARDEN'S COURT. \ [BY TELEGRAPH. OWN CORRESPONDENT.] Waiiii, Monday. At a sitting of the Warden's Court this morning (Mr. R. S. Bush, S.M., presiding), the following mining applications were dealt, with:W. J. Thompson, for section 300, Waihi /South, certificate of abandonment, granted; J. Stafford, for the Dominion special claim of 100 acres, adjourned; J. Connor, for six moinus' protection for the Waihi King and Waihi Queen special- claims, granted as from the 20th hist..; T. Hutchinson, for the Main Vein special claim, of 99 acres, certificate of abandonment, recommended; P. N. Kingswell (Paeroa and Waihi Dredging Company), for a special site at Waikino of three, acres, granted; Waihi Grand Junction Companyf for extension of time for 15 special sites, granted; C. Hayes, for six months' protection for the Waihi Seddon No. 5 special claim, adjourned; W. Bain, for six months' protection for the Waihi Seddon No. 4 special claim, adjourned ; S. Bain, for six months' protection for the Waihi Seddon No. 3 special claim, adjourned J. Phillips, for six months' protection for the Waihi Seddon No. 1 special claim, adjourned; Waihi Extended Gold Mining Company, for six months' reduction- to two men for the Pride of Waihi Extended special claim, 'granted; Waihi Extended Gold Mining Company, for six months' ; reduction to 10 men for the Waihi Extended special claim, granted; Waihi Extended Gold Mining Company, for 12 months' protection of special sites, A.,and B, granted.'

.GALBRAITH IRON AND STEEL COMPANY, LTD. The annual meeting of the Galbraith Iron and Steel Company, Ltd., was held at the office of the secretary (Mr. S. Chambers) yesterday afternoon. "There was a fair attendance, and the chairman of directors (Mr. Sinnett) occupied the'chair. The annual report stated that although there had been considerable'correspondence during the year the directors had to be content and exist for a time on "great expectations." Matters that required attention at the present time would, it was thought, be best left in camera, "as it was Mr. Galbraith's »strongly expressed wish not to make public what was being done until it was completed. The directors regretted having nothing definite to state in connection with the option which had been let by Mr. Galbraith! At the last annual meeting the inventor. was doing his best to interest certain -influential persons, with a view to obtaining a further demonstration. In aIL correspondence received from Ml'. Gal;braith he spoke most hopefully of ultimate success, which was also strengthened by the.fact that he had requested the directors'to forward as soon as possible 10 tons of*, ironsand, to be in readiness for the demonstration. The. directors approached the Government for assistance in the matter, and tho shipment was consigned, the company paying the cost of freight only. One of the directors, Dr. Knight, who was in England, had agreed and was appointed to act with Mr. Galbraith in connection with any important .businesi that might arise. After going through the business with Mr. Galbraith, he had expressed an opinion to the directors that ihe inventor would yet bring the venture to success. The directors could not assist him financially any further as a company. Any assistance the shareholders might lie willing to give must be given voluntarily, as" no call could be made on the shares. Seeing they could not assist the inventor further, and recognising, the possibility of success in' time, they had endeavoured to keep the company out of liquidation. The directors asked the shareholders to assist by a resolution approving of the directors using. the reserve shares in lieu of cash, for the benefit of the company, as there were certiin important mat*,rs requiring at tention. /

The balance-sheet showed a balance of cash in hand. £3 9s Bd. The report and balance-sheet, with the- recommendations, were adopted. Votes of thanks, were accorded the auditor, Mr. A. S. Medley, and the secretary, Mr. S. Chambers, for the .services rendered 1 to the company.

MINE MANAGERS' REPORTS. Golden Belt: No. 1 level south has been extended 17ft. : The reef formation is. still very email, but as 'a: change of country now appears to be making in the face a change for the bettor can bo looked for. A good tonnage of fair grade ore is being won. Royal Oak: In the intermediate level west of the rise the reef is 3in wide and dabs of gold arc freely secii in the stone when breaking down. In the crosscut, 300 ft east of the above workings, being put in to cut thefootwall lead, advantage was taken of a small lead'running very .nearly in the required direction, and' during the "past week gold has been seen freely in tlje hnngingwall portion of the quart* and 101b of picked stono were selected. The ground is very hard. New Moanatniari: Not quite" so' much quartz was broken out this week from the workings going up on the Cambria reef nt the break above No. 3 level, the dark mineralised band of stone not being so strong or well defined on the hangingwall section of the reef. The ore broken from here is of a highly-mineralised- character, and ho gold having been seen when breaking it out it has been decided to pass a. trial crushing through the battery to determine its value. OloMlauralri: .The water is down 126 ft in the Hauraki shaft. Preparations for work in the Union Beach section are .well in band. I should like to do some prospecting in the IOOIb level and other parts of the mine as the~\vater goes down. Taihoa■:' I have opened out at the 148 ft level and started driving south, the nearest point to strike the main reef, and to meet the winze. The, drive is now in 17ft, and is going through a 'good class of sandstone country, interspersed with quartz stringers. Southern Queen : The Atlantic reef at No. 3 level in the drive has opened out and will average about lain in width. The quartz is of a favourable description, carrying a good class of mineral indications. .' During the week a few colours of gold were, to be seen in the ore, and the country, although firm, is favourable. Waitangi: The drive on the hangingwall of the main reef at the low level is now in 15ft past No 1 crosscut. About 3ft of the reef is being taken along in the drive. The quartz broker, outis carrying excellent minerals, but no gold-was seen last week. The south drive on No. 1 leader is in 15ft from the turn .and a further 15ft should connect with the east drive on the Siam reef. The leader averages 3in and shows colours and dabs 'of gold. The quartz from the rise and stopes on this leader continues to show colours of gold. In the, Situn, section we have risen 6ft on the cross-leaders, but, as very little gold has been seen,' work at this point, will be discontinued. New Occidental : A complete change and better country is coming in from the hangingwall side. All the veins are gradually drawing together as we advance. I expect they will have functioned before the end of next week, when something better may be expected. - Kurnnui: No. 1 stope on the footwall leader has been extended a further 17ft from the east end. Both the hanging and footwnll portions of the leader are now in the face and should junction about 4ft ahead. Both carry nice mineral and look very promising. Colours of gold are seen in the footwall portion occasionally, but so far wo have not seen any gold in the hfingingwiill portion,, although it looks so promising. The stope under the intermediate level has been taken out for 20ft. 'litis finishes (lie block. The drive on the new, or south, leader has been delayed. We have now started driving again on the leader, which is rather split up in the face, but I expect it will come together again, as we advance on/it. .

Reliance: We have driven 16ft south on No. 2 reef, which' is.2ft wide. We are only saving about 6in of the footwall portion for treatment, the hangingwall being of very low grade. I am in hopes the reef will improve as we drive south. We are -also stripping the cap of No. 2 reef going north, and have a width of some 9in or lOin of quartz, showing very good dish prospect*. I do not expect any great, length on this run of ore, as at some 30ft or 40ft north the reef has been worked nut to the surface.