MINING NEWS.

New Zealand Herald, Volume XLIX, Issue 15055, 26 July 1912, Page 5

MINING NEWS.

NEW SYLVIA. £885 FROM 775 TONS. Information- has been telegraphed from the New Sylvia mine, Thames,- to the effect that from 775 tons of ore crushed and treated, a return of bullion valued at £885 has been obtained. WAIOTAHI. THE ANNUAL .MEETING. The annual meeting of shareholders of the Waiotahi Gold "Mining Company was held yesterday, the chairman of directors (Mr. 0. Hudson) presiding over .an attendance of 10. The chairman, in presenting the annual report (already published}, said that arrangements had been made with the Victoria Company whereby the latter had obtained the right to work its mine through the Waiotalii Company's ground. The sinking of the* shaft was proceeding at the rato of 12ft per week, and it, was hoped that, with the installation of the new ventilating apparatus, the 1000 ft level would be reached, in about three weeks' time.

The report was unanimously adopted. Messrs. E. A. Brown and C. B.'Stone were reappointed to the directorate, and Mr. H. W. Bruce was appointed auditor.

OCCIDENTAL, v

TAIRUA.

WATCHMAN.

In a late report, the manager of the Occidental mine, Thames, states that the new engine it? working well, and the mullock that had accumulated during tho stoppage has now been cleared away. . A few more pounds of picked stone has been secured from tho second stope, and there is now 821b on hand. The reef in the south face is splitting into several small branches, but from appearances the manager considers that they should come together again further "ahead.

The Punou drive in the Tairua mines was extended 6ft, further during the week. The country still looks well, but the reef is poor. At present, what is practically a blank in the reef overhead is being passed through, and little improvement can be expected for a week or two. As the improvement in values in, the east branch of the west reef has not been, maintained work at this face has been suspended, and operations have been commenced on the west branch. The reef is small where rising has been started, but it. has a good appearance and at a height of sft gives fairly good values. The northcast drive was advanced a further distance of sft, but as nothing of any value has been discovered, work here will be stopped, and all attention will bo given to the Punon and west reefs.

Shares am the Watchman Gold Mining Company to the number of 500, which were forfeited for non-payment of the last call, were sold yesterday at Mr. R. C. Carr's auction mart at 9d each.