MINING NEWS?

New Zealand Herald, Volume XLVI, Issue 14103, 3 July 1909, Page 3

MINING NEWS?

UNION HAURAKI. A proposal is afoot; to form a company to acquire and work the claim known as the Union Hauraki,'adjoining'the Old Hauraki mine on the south, at Coromandel. The object in'.'view is to develop the extension of the Old Hauraki reef systems (Legge's lode and others) in a direction where they . ; have not hitherto been exploited. The main > ; reef is stated to have been located in the Union Hauraki ground, and.it is proposed ■; to sink the Zealandia shaft (now down 140 ft) .■ a further 100 ft., and drive north to where . it is expected Legge'-s and the Pacific lode : will junction. The new company is to have a capital of £15,000 in 120,000 shares at 2s 6d each. Of those it is proposed to offer 90,000 to the public at 3d on application, and 3d on allotment, the balance in cails of not roro than 3d. The remaining 30,000 shares (paid up to Is 6d) are to go to the vendors, with £100 cash. ,

MOEWAI CONSOLIDATED. A company, to' be called the Moewai Consolidated is being privately floated to acquis the property at Whitianga known as the "Moewai" claim, comprising 28 acres, with a 10-stamper battery, and a suction gas . engine, both in good running order. It is stated that the ground contains several reefs. It, is intended to open up the No. 1 ' reef, and commence crushing operations at an early date. :\] MAY QUEEN EXTENDED. The directors of the May Queen Extended Gold Mining Company have acquired the property known as the Una, comprising 51 acres, thus bringing up the area held by ; the May Queen Extended Company to about, 80 acres. This will take in the Karaka and tho Una Hills, both of which produced a lot of gold in the early days. WAIHI BEACH. .1 Mr. H. J. Lee, secretary of the "Waihi Beach Gold Mining Company, was yesterday in receipt of a wire from the mine manager, stating that he had lowered the pump lift on Thursday. TAIRUA MONARCH CONSOLIDATED. Mr. .V. Gray, secretary of tho Tairua Monarch Consolidated mine, was yesterday in receipt of the following wire from the ■ mine manager: level: Cut reef. Big flow of water from face." The mine manager, in his weekly report, states that the low level has now been extended 490 ft. ■ There ; is no change to report in the nature of tho country met with. A good deal of water is ; coming from the face. Tho contractors?f finished their contract of 300 ft on June 24, but are still working, - , MiAORILAND. [BY , TELEGRAPH. —OWN CORRESPONDENT.] ■'- 'I V ; Wellington, Friday. :; It is currently reported that the unissued shares in the Maoriland— some 20,000 —are f| to be offered to present shareholders in the proportion of one share for every four hold.,?* | To make tho issue attractive, the price of S the shares will probably fixed.,at a very | reasonable figurej . OTAGO DREDGING RETURNS; I ) [BY TELEGRAPH.PRESS ASSOCIATION.] j =;_ ■ Dunedin, Friday... I The 'following dredging returns are reported :—Mystery. Elut, f I03oz; New , Roxburgh Jubilee, 340z 16dwt; Waikaia, 320z •" lOdwt; Electric 11.,'2607.; Central, Charlton, » 19oz 9dwt; South Waik&.ia, . lloz lOdwt; Koputai, lOoz Bdwt: Chicago, Boz. , NOTES. According to the 'manager Jot the . Kapowai fi mine, the low level: was extended 10ft last week. ; Tho 'country" was a ; little : easier, but there was no change otherwise. In Mc-J Isaacs' section there was a'■ little / improvement, and the gold was much coarser. ; ■'-."•'.■ "'•'■;:'...; ; '. -' ',", ';,'*>'< ■'?.;*-'* K L -~- •■'-; .; , ; ;,.>: ■'■ According ;to the ; manager of ~' the '"Mount Zeehanimine, .work has been confined to extending the stone. The reef is much of the. samo nature as in the manager's last report, Mr. Autridge, : the newly-appointed i.miuo;'; manager, took charge on Monday, June 28. ; The manager of the Mountain King mine reports that driving north has been advanced 3I a further -distanceiof >7ft. „ The country is |= still a nice firm class ? of' andesite, ; and has every appearance of changing to a milder I nature, as there are more mineral seams and ! silica heads ; making their appearance in the j present face. The reef has been broken j down to the present face, and measures | about 2ft in width. The mullock bands that ; were running along with the reef have given out, and the reef is a nice compact body of ore, showing excellent minerals and gold distributed through the ore. The rise has attained a further height Jof 9ft. The country is still of a nice mild nature. ; The reef has not been taken down, ; as stripping: is » still going on. There are now 18ft of reef stripped in v. the rise," and when breaking tfie quartz to cut hitches ito ■ place the timbers | in position , it showed strong colour*" of gold. Monday or Tuesday will see the.:' rise connected with the winze sunk from No. 1 level, as the: manager is just about holing , through. /There. are about 10ft of quartz i stripped in the winze, and when the connection is made breaking down 'will be corn-/! I menced. This will give 30ft of ore stripped | ready for taking down. ■ ]J>