MINING NEWS.

New Zealand Herald, Volume XLIX, Issue 15133, 25 October 1912, Page 5

MINING NEWS.

;' ■-.. , '. «*»■••■ ■ ....-- -;- - OCCIDENTAL. ! PROMISING PEOSPEOTS. The annual general meeting of the shareholders in the Occidental Consolidated Gold Mining Company was hold at the office of the secretary.*(Mr. Henry; J. Lee) yesterday. Mr. William T.' '..P.'--.Walker •was in the: chair, there being '-'present 14 shareholders, representing 30,212 shares. The half-yearly report and balance-sheet for the year'ehded August 31, 1912, were read and adopted. ; The latter showed a bank balance of £422 15s Bd. ' Mr. J.: K. Harty, a shareholder;; ; said that'the directors were to be .heartily congratulated on their report, There f was ; every prospect of satisfactoiy returns from, the mine, and as the ore was improving shareholders would benefit thereby. . ; The ' chairman showed by means of a plan the development carried out in the mine, and stated that the expense ■'; of development arid., prospecting work., had. been, largely repaid by the nature of the .ground which" was gold-producing in most directions. : ; • .'. ; ■ Mr. G. K. Boyd and MriiWrn. T. F. Walker were re-elected directors, and Mr. Chas. Tuck auditor for the year. , NEW • WAITAIA The drive, south from, the north crosscut in the New Waitaia mine, : Kuaoturiu,- is in 36ft,past the Crosscut.v The manager reports that the country is as good'as, that in. the north fade, and that the reef, although showing conglomerate formation halfway down the drive, is carrying quartz all along the back, which gives really good Drospecte of fine gold. This now makes 300 ft of highly payable ' ground opened up. The leading stope going ;north, from the main rise is beaten 35ft, with a nice reef in the face 9in to 12in wide, showing gold freely. , MOUNTAIN KING. The main north drive at the Mountain King mine, Kuaotsmu, was extended' 7ft during the week, in a nice class of solid country. The manager considers that the reef should come to hand at any time nOw , if the country, continues the same as at pre- . sent. , The cast crosscut was extended 10ft during ,th© week in » nice firm class of country. In the stopes above No.: ; 5 level, the No. 5 stop© north was carried along a distance of lift. No reef has been broken down at present. 7 No. 6 slope north Vas advanced 3ft, making a total distance of 20ft from the main rise. Little work" was done in the stope south of the main rise. In "the stope above No.: ,4 level, the stope north of No, 1 rise was extended 6ft, the reef averaging 12in. The stop© north of the main rise was extended ,14ft,.. the average width of the reef being lOin, The stOno; here looks well, but no gold has been, seen in it in breaking down. The battery started crushing on Wednesday. '''' ■. - . ■ . .■" THAMES SCHOOL OF . .MINES.'„. [BY TELEGRAPH.—OWN CORRESPONDENT.] . Thames,: Thursday. ; The monthly meeting of ..',the. Thames School of Mines Council was < held last evening, Mr.' G. Ward presiding. The directors'- report, as read stated that .the: attendance - during the past • month hod been practically the same as for the previous month, that 10 assays had been made for tl-e public, and that the battery had been engaged in treating a two-ton parcel of ore :; The work has been carried- on by the regular staff. It: was stated that the ' new shelving had been fixed, and this now enabled the catalogues : and reports to be properly classified The receipt of reports from the Government-.geologists of Tas- 1 [ mania and -South-'Australia' Was - aoknowi ledged with "thanks;' secretary of the : Silversfeream Mines, Limited, wrote asking for more information with regard to the council's previous suggestion relating to the roasting of ore, and inquiring as to whether the School of Mines was in a position to undertake this work, os the mine board was anjious to obtain all information as to the best method of treatment for low-grade; ore. The letter was referred to tho director of the school to reply to. A letter was read from the secretary of the Watchman, G.M. Companv, acknowledging with thT.nks the receipt of tho directors' report on treatment of parcels of sand and ore. Messrs. -McCormick. arid Adams were appointed a Visiting Committee for the ensuing month. ■ Te' AEOHA WARDEN'S COURT. [BY TELEGRAPH.— CORRESPONDENT.] . Te AnonA, Thursday. • At the Warden's Court to-day before Mr. F. V. Frazer, Mr.. Gilchrist, solicitor for Hardy Mines,, Limited, applied for six months' protection for five leases held by the company. Mr. Angus Gordon, one of the directors, stated that the leases had been held 'for over 10 years, during which time £20,000 had been spent. The application was granted. ,'■'" '■:■ ■ : NOTES. The rise over the western level . in the Handsworth mine, Kuaotunu,•■: has connected with the winze from the surface level. Tho drive on the new lead is in,. a total distance of 68ft, and has functioned with what the. manager considers to bo the main lead. It will open up new country when it connects with the Lady Carrington level. A prospecting " cuddy "is being driven north of the stopes about thei> same height as the western level. The manager considers that indications are very favourable, as dish prospects' show a good deal of cinnabar, with occasional colours of coarse gold. ;.,';. ■ t The statutory half-yearly : report of the ' directors of the Saxon Gold Mining Company, Limited, states that.the contract for deepening the company's main shaft a further distance of 100 ft. is ck«?e_ on completion. When this work is finished another level, 'to be known as No.. 7, will be opened out. This new level will be, vertically 100 ft below the present lowest level (No. 6), and will give , a very large block of unexploited country to develop. '■■ Tho proposed new level (No. 7} will be driven to a point vertically under the winze which was sunk 25ft, and with which it is proposed to make a connection. The air com-, pressing plant has been, re-erected to enable the rock drills' to -boused in carrying out further mininc; operations. • This willgreatly decrease the cost of. the '"work. The balance-sheet shows a credit balance , Of £136 17s.- ■-;