MINING NEWS.

New Zealand Herald, Volume XLIX, Issue 14930, 1 March 1912, Page 5

MINING NEWS.

WAIHI,

DIVIDEND PAYABLE TO-DAY.

DISTRIBUTION OF £49,590.

The Waihi Gold Mining Company's 75th dividend of 2s per sharo for tho quarter will be distributed to-day. This will absorb £49,590 14s, and will bring the total dividends and bonuses paid by the company to £4,383,843 15s Bd. There are 2227 shareholders on the colonial register of tho company holding 149,992 shares, and they will receive £14,999 4s. The total value of bullion won from the mine to dato is £9,801,715, ... .* : - ' THE ;' ; . GOLD RETURNS'. £60,244 FOR FEBRUARY. Since the compilation of the gold returns from tho Auckland district mines for 1911, the ' returns -for the 'first month of 1912 from' tho' bullion-producing properties have' come -'to , 'hand. ' These total £60,244 16s, Showing an increase, of £172 14s 7d upon tho output for tho corresponding period of 1911. The detailed returns for last month are as follow — OHJ^EJrURI. , . Waihi. 13,384 tons ""..'. '"'"... £23.269 0 0 Talisman, "2920 tots '.'.." ..."" ... 18,863 9 3 Wailii Grand Junction, 6566 tons 10,117 0 10 Crown. 1152 tons ... ... ... 3.125.0 0 Komata ' Reefs, 480 tons 1.342 0 0 Maoriland, 190 tons . ... ... .424 0 0 Total Ohinemuri district ... £57,140 10 1 THAMES. ' New Sylvia, 847 tons £1,395 0 0 Occidental, 1401b picked irtono... 589 5 11 Golden Cross. 100 tons ... ,250 0 0 Total Thames district ... ... £2,234 5 11 COBOMANBEL. Old Hauraki, 45 tons and 1401b picked stone £600 0 0 Mount Welcome, 4 tons and 1751b picked stone ... 270 0 0 Total Ooromandcl district ... £870 0 0 Total Auckland district - ... £60,244 16 0" OLD HAURAKI. RETURN "OF £600.', The manager of the Old Hauraki mine (Coromand-el), telegraphed yesterday as follows:—"Crushed 45 tons of quartz and 1401b of picked stone for a return of 208oz 14dwt of metal gold." Tho approximate valuo of the return is £600. WAIHI EXTENDED. The manager of the Waihi Extended mine, reporting for last week, states that the east crosscut was advanced 25ft, a total of 190 ft from the shaft. The country is still favourable. The face on the northwest reef was advanced 4ft. The reef at present is broken and intermixed with country the full width of the face. No. 6 winze has been sunk 45ft below No. 5 level. Quartz is being carried down on the foot wall, with country on the hangingwall. This is apparently a horse of country, tho larger portion of the reef being in tho hangingwall of the winze. PAEROA WARDEN'S COURT. [BY . TELEGRAPH. —OWN* CORRESPONDENT.] Paeboa, Thursday. At tho Warden's Court at Paeroa today, beforo Mr. F. J. Burgess (warden) the following applications were , granted : -—Rising Sun, Gold Mining Company, permission to work Rising Sun special claim with seven men for six months; Golden Cross Gold Mining Company, permission to work Golden Cross special claim with four men for six months, and Crcesus special claim with two men for six months. Tlie following applications were recommended .to the Minister Robert Lowrio, Golden Stream special claim, of 100 acres, at Maratoto; Henry Sheehan', protection for six months for Maratoto Consolidated, and Walker's Maratoto special claim, at Marototo; Rising Sun Gold Mining Company, protection for six months for Rising Sun Extended special claim, at Owharoa.