MINING NEWS.

New Zealand Herald, Volume XLVIII, Issue 147683, 31 August 1911, Page 3

MINING NEWS.

OLD HAURAKI.

RETURN OF £350.

The following message was received by telegraph from the manager of the Old Hauraki mine, Coromandel, yesterday " Crushed 37 tons of quartz arid SOlb of picked stone for a return of 120oz of retorted gold." The return is valued, at £350.'

WAIHI SHARES.

FURTHER RISE IN VALUE.

The price of Waihi shares showed a further improvement yesterday, the result of the assays obtained from the first 3ft of the Empire lode at No. 10 level evidently having had a reassuring effect. Sales were made at from 64s 6d to 65s 6d, to 65s 9d to 65s 6d, as against 63s 6d, the highest price recorded on the previous day.. , 1

MOUNTAIN KING.

RETURN OF £190. The manager of the Mountain King mine, Kuaotunu, telegraphed yesterday as follows '" Crushed 36 tons of quartz and 30 tons of surface dirt for a return of 630z gold, valued at £190. •' ' . SILVER STREAM. The annual meeting of shareholders in the Silver Stream Mines,, Limited, was held at the office of the secretary of the company (Mr. J. B. Sheath) yesterday. The chairman of directors (Mr. A. Tempest) presided, and > there was a good attendance. The annual report and balance-sheet (already published) were adopted. Messrs. E. Bond and J. Aicken were appointed directors, and Mr. F. L. Prime auditor. ' KAPANGA. : The directors of the Kapanga Go;. I Mining Company, Limited, in their report for the \ half-year ended July 31, state that the greater part of the past 6ix months has been occupied in lowering the water in the shaft to the 1000 ft level, and in effecting repairs, etc. This long and difficult work haying been accomplished, a staff of men can be now regularly kept at mining development, and as such can be carried on at the 900 ft, 940 ft, and 1000 ft levels, if desired, the directors trust that th- result of their labour will be the production .of payable ore, such - as - the ■ past history and work of the mine warrants them in expecting. ' - KURANTJI. ~ . • The ordinary general meeting of .shareholders in the Kuranui Gold Mining Company was held at the office of the secretary (Mr. J. W. Nichol) yesterday. Mr. j. M. Lennox, chairman of directors., presided. The directors, in reporting upon the operations carried out in the mine during the past half-year, stated that the prospects, of the mine were encouraging, and they trusted that as development work proceeded good results would be obtained. The balance-sheet showed a credit balance of £131 4s 4d. The report and balancesheet were adopted. The retiring directors, Messrs. J. Banbury ar.d A. W. Seeker, were re-elected, as also was the auditor, Mr. W. S. Cooper. > BREMNER'S FREEHOLD. Tho ordinary general . meeting of shareholders in Bremner's Freehold Gold Mining Company, Ltd., was held in the office of the secretary (Mr. J. W. Nichol), yesterday afternoon. Mr. E. T. Bain presided over' a good attendance. The directors, in presenting their first annual report stated that 4400z 3dwt of bullion had been won from the mine, valued at £1219 16s 6d. "' This was obtained from 14 tons of general ore, and about 10501b of picked stone and specimens. Two of the directors visited the mine in June, and found all work done satisfactorily. After thoroughly inspecting the . workings, they decided to temporarily suspend all the' works then in progress, and explore on Bremner's No. 1 reef by driving north upon it, both in No. 1 adit level and No. 1 level. It is intended to continue driving on Bremner's No. 1 reef •to the northern, boundary; also at intervals, say 50ft, to crosscut east to explore Bremner's No, 2 reef, and other small leaders known to exist' there. If this system of development, which is being vigorously . pushed ahead at the present, is carried out in the future we have every hope of meeting with success, as those developments v/ill bring operations to a point vertically underneath Tiernan's rich run of specimens that were obtained some 25 or 30' years ago, but owing to water trouble then, could not be explored at depth. Messrs. T. Vivian and J. McGregor were re-elected to the directorate, and Mr. C. A."' Churton was reappointed auditor. , • •