MINING NEWS.

New Zealand Herald, Volume XLV, Issue 13839, 27 August 1908, Page 3

MINING NEWS.

WAIHI. A PKOSPEC3INCJ BOREHOLE. A«f interesting ht&ndi «* &* pmi^&'C;; work going on m the. W*iht tftiae-tew-i*-.; eentif beo» cnw«H«L UoturtnUl bofrt* with* diamond drill is no* pr.*'*<'!»s? **<** th«> No. 8 lots'l «)ath-w«t cto*M»t- t<»**«w the T*«r*nK* **&&• Tho object ft ih"i, l»r*-fcole » to ■internet the fewbn Mtppo^J to cross the plain* '»» *b« C*«» H,I! towards To Atoh*. Tbo drill « workiag a* a depth of about 850 ft felw the eeSia* .o! No. 5 shaft. Comparatively little mining U# been dons to the- smith of *He Martha Hill, so that any dweoverwe thai raay cw.utoml* through thewo boring orx-r.*.ttf>r» will Ji4*« ati important J*aring tij»n the future. :,^t, KAFOWAf. £340 FROM 100 TONS. The Kapowihi Gold Mininff Company liffrfl crushed and seated 100 tons of or*- froaa Mclsaao'iS wction for it return of bullion Tallied at £340. ' _____ SOUTHERN QUEEN. | PICKED STONE TO HAND. | Tho manner of the Bouthcra Queen mm* ! ts-k'srrapbed' veatcrday. sUlintr U»at be bit* S broken down" the reef in the wsstern utopC, ! and secured Jfllb of picket! atone. in his latci.t weekly report tho i»an»s«r stales thai the various slope* wntttuw to look ve-rv favourable, and that a fair amount! of cntshing dirt is bains broken out. In Ow third stop,- west tho rod is iu RPlcndpl sandstone, ar.d there* is a l»wf» gold distributed tlirottgh tho qttarta, A fourth stopa was recently sUrted. and soroo of tlw quart* falling away showed nice dabs of gold. In the stope goiat? east tho rcfli » bo«anntng to make again, ami the quartz is showing a little gold. A fourth stope just started M entering mo:» favourable sandstone »<♦ »■ advances.

MOUNT ZEKHAX.' The annusd meeting of shareholder* Ins tho Mount, tfoehao Gold Mimna: Company was held yesterday, Mr. A. Gordon prcsid* .* The directors 1 roporfc stated that during the year a considerable amount of prospectins? had beets done, and about 230 tons o?v ore. worth approximately £2:■ 10$ par ton, paddockod at the mine. This ore was re* fraefury, and. amenable only to special treat, meat After consideration, the director* do* oided to put in a low level tunnel, to r«acu * a point underneath the workings from which the ore above noted was obtained, arid >h M-iis hoped that on completion a body «% payable ore would be exposed. If the»« hopes were not realised, it niij{Ut be neces- ; sary to consult shareholder* With a view to liquidation or reconstruction. Some comment had been current with regard to tho non-erection of the proposed Complex ore* retininst plant. The answer to that WW that, it would bo folly to erect a- plan «' any description before developing the property: sufficiently, jo determine tie quality ami quantity of ore to treat. Reference was also made 'in the report to a sum of money alleged to be due to the company from another company, and as to which a Sit* prome Courl; case is pending. _ i The balaaoO'sheet showed a cash balance oft ! £30 6s 4d. , •-* ' Mr, A. Rose, referring to the value, of tild ore on hand, as stated by the directors, stated that "former'assays and reports chli* mated same at higher values. ' ~ * The ; Chairman aaid that the present directors had nothing to do with ostimaloa jrft* fcrred to. , * After soma discussion as to values ami quantity oi ore paddockod, Mr. Do Ronjsjr moved as an amendment, to the adoption or tho report and balance-sheet, "That, mjha report and ; balance-sheet do not disclose the true state of the company's affairs, it be* rejected, and that.' tho directors be asked to prepare a statement a* required by tho Act»; that the directors also report, as to the OjQft* ditiou of the mine and tools and plant." The amendment being seconded,: the chair* >. man stated that the balance-sheet waa-. in accordance- with the Act, showing the actual position of the company. $&» A division on the amendment, called loir* by the chairman, resulted in it being carried by a large majority. * Mr. Do Itonzy then gave notice to move, "That the director* bo instructed to call m extraordinary meeting of shareholders two weeks hence, to consider., the method atcarrying on the business of tho company." The remainder of the business was there*. upon deferred until the meeting in ques«- — lion. . . . ■ / ..':?

DUKBDEN STOCK '-EXCHANGE. '~ [BY Xi-XEGKAPH.—I'RRSS ASSOCIATION.] v Dbnedin, Wednesday. Hartley and liileys were sold on 'Outage* to-day afc-,18«..,. . .■■. •■;-■,;. ■■■■■■:; : .'.-s : **-a-* , A* NOTES. The low level in the Tairua Consols miniis in 394 ft. The manager states that during;!" the week the country was much harder. Ay , strong stream of water is still conning fron* ■ tho face. No. 2 level is in 60ft. In the Kapowai mine MoI«sao*« leaders above the intermediate love! is now practice ally sloped out. The manager has started sinking a winze below the love!, and tins' leader prospects very well for the 6ft sunk. No. 2 level ia the Mountain King mine, is now in 170 ft. The manager report* that the country has been steadily improving, and during the last shift a Iteary flow 06 water wan cut. The country became mud* milder, and the open heads* are making their, appearance again. . ' ' The drive in the Brilliant Block mine inn intersect the Brilliant lode in now in 42ft* 'ino country passed through 18 good, though 4 ' firmer than previously. Surface prospecting . is still being carried on in the western por-' tion of the mine, and the prospects obtains*! last week were more encouraging than any-* thing previously met with. The manager of the Golden Cross mine •* reports that the leading atope north on tho : gingw ill lode has entered broken country, \ which has slightly disturbed tho reef. Tb<* latter is ',1(1 wide in the face, and not quite}-./ so much gold has been seen through the ore.' •' Repairs to Carhutt's level are expected M be finished this week, when the manages 'Q will sink on the Golden Cross reef from the ; i-i surface to connect; with No. 4 winze at this level. ' f Tho manager of the Brilliant Block mine' states that since reporting on the Bth inst.V the band; driving to intersect the Brilliant; lode have exended tin* face a further 16ft, . making it total distance of. 42ft driven to' date. The country passed through is a good* character, though of a firmer nature that*? that previously penetrated. Surface prospect' ing is still being carried on in the western ? portion of the mine, and the prospects obtained to-day {August 22) were of a mora ■! encouraging character than anything preri* oiwly met with-

The manager of the Tairua Triumph, reporting under date August 19. says that the Bluff level drive is in a total distance of 28ft, Bft having been penetrated since last report. The country is much th» same as then, being rhyolite intermixed with brown sandstone. Another quartz flinty was passed through about 2iin wide, containing iron write* in abundance, with no visible gold. The strika is in north-north-west, and the dip west. No work has be<m done on the tramline tbi* week, as the men working there were put t* work in the face.