MINING NEWS

New Zealand Herald, Volume XLIX, Issue 15170, 9 December 1912, Page 5

MINING NEWS

TALISMAN.

£18,258 FROM 2050 TONS.

TOTAL TO DATE, 301,871,257 Ss 9r>.

Dunitfo the month of November, tlifc Talisman Consolidated Cold Mining Coml>any crushed and treated 2950 tons of oro tor a yield of bullion valued at £18,258 153 2d. This shows a decrease- of £4295 14s Bd, when compared - with the corresponding period of last year, when 4600 tons yielded £22,554 Is lOd. This shortage is partly due to a change in the contract system, and consequently a broken crushing period. The costs for tho past month totalled £2 lis per ton, made tip as follows :—Mine- development, 16s 49 ; mining, 16s 8d; milling, 15s 4d; general expenses, 2s Sri.

The total value of the bullion won from the mine to.date is £1,871,25? 5s 9d, tis Set forth in the following table of tietails :—

The- following cable lids been sent to London :—Talisman shaft stink 15ft. !Paid tributes tor ore ct'itehetf £275.

MAY QUEEN. The manager of the May Qirten mine, Tharnce, reporting on * the operations in the mmo for last week, states that the drive going westward on the Exchange r«f is in 250 ft from the main crosscut. The reef is still divided into two fibs of quartz, and the branch on the left side of the drive is being followed. This branch averages from to 2ffc in width, aiid shows a little gold. The righfe-hwid branch is about) Ift Wide, and Appears to bo » new reef., as it,, is underlying in an opposite direction to .{he Exchange, reef'. The stapes tin the" Exchange reef on the eastern side of the rise are in hand and some nice dabs of gold continue to bo seen in the quartz.

THAMES ttEfiP LEVELS. WORK PROGRESSING. fat TELEGRAPH.OWN COfaRBSFONfifiXT.] TftArffes, Saturday. Tho Victoria crosscut at the 1000 ft level has been suspended for the bast week owing to the contractors applying to the Board to be relieved 5? the cdlitftlct. The request was agreed to and arrangements have now- been entered into for the continuation of the work', a new contract Saving been let to a different party, to complete the distance for which, the. Board is ..responsible, hahtely, a further l23ft ftom tlifi present face. This will reach M point 60ffc from the boundary of the Victoria ground. A start will be mad© oft Monday morning with the hew contract. In the main crosscut t-he bore-hole being put in the faCe is now fn a distance of 65ft, and Appears now to be boring through more eolid ground: : The broken ground and rubbly quartz, through which the hole has br*?n pushing hitherto, and which has caused so much trouble and. delay; has been caeed up and put in good Working order, .so that better progress should now be made with this work. WAIHI. [?bom OtTR DWK eOHftKSrONDE.VT.] TjbJfDoK, November 1. The secretary of the Wdhi Gold Mining Company has issued a circular, in. which' reference is made to the strike and other matters. The cffculaf says: " During the Strike a general bullion clean-up has been made, including the refinery,, and bullion lias been obtained to the Value of about £50,000. After* work in its normal condition is resumed some of the sold and silver .contained in the first crushings will be absorbed by replacement of this bullion or a portion, thereof in the solutions and refinery. Under present conditions no dividend can be declared, and the directors can only repeat, as stated in the last circular, that no further distribution can be .made" .Mill! the strike comes" to art end, and even then its subsequent effects ..are likely to affect adversely future dividends. The hydro-electric work continues W progress satisfactorily." . . v The result of the referendum of . the shareholders was as follows:— For: 1368 shareholders; 156j613 shares. Against:. 521 .shareholders, 7L539 shares. la view of the above votes the directors have prosecuted inquiries as to several properties and obtained reports thereon but up to the present they Rave hot sufficient data in favour of any proposition to enable them to recommend it to the shareholder*. WAIOTAHI. In this mine work is still being continued at the No. 7 level. The drive west from the main crosscut is in a distance of 118ft;.and at this, point whaj^ a appear& to be the continuation of the roam reef has bt-en in band during the past Week. The reef, here is, about 2Qft .thickness, but is of a somewhat broken nature. A displacement jteernS to have take** place in the country; causing a break .in the r.e«f. It is intended to open out some distance ( back ffoin the face and iTMvfe eastward oh the reef towards a point underneath, where tho gold was cot in the upper lev.cjs. < The drive eastward on the foot wall dropper lias been driven a ..distance of 42ft, and. the lode is now opening out again in the face, Being about 12ih m thickness. It- is still, however, of low-grade quality. WAITAN'GI. ffiT TET.E(ifc.vprr.— OWN' cohnEsi-oNOEN-T.] Thames, Saturday. In this mine the further extension of the low level has been suspended for tlio present to allow, pt'„ the., development b£.,th'e main reef above t the level. An intermwliat'e level is ifo\v bHftg driven oil the main reef from the. bottom, .the jviuzo sunk below No. 3. level. A crosscut has been driVfcii through the reef to tho hangingwa.il. and .the. drive w is.. being carried .along the hangingwalj, .and about' sft of tlie reef is being taken out in- the drive. - This- drive is now in a distance of 18ft from .the winze, but only about Git of the reef lias yet been. broken'down. There is a farther 12ft of the reef .stripped,ready for breaking down, which will lie gone on with next.week. The quartz broken so far looks well and has Shown good dabs of gold at every '■ shot.

DREDGING RETURNS

[by TfiMoilAPif. —i-uEs's association*.] DuNtDiN-, SurTday. Dredging returns tire -as- follows: — Worksop. 59»z Jfor ~lg7 hours.; Sandy Point, 20oz 17dwt 6i<r for 123, hours ©Irig; 2'2oz 16dwt; fti'shi* Sun. 28oz 17d,\vt Jdiv ].33..hgiirs»..B]ack\vateT.Jiiver, lsoz tor 123 hours ;\\aikafca United. tyo. 1. 176 v. 3dwt for 133 h'ottrS; Golden Bed, 12oz 4dwt for tho week.

i ' £.s. d. To December. 1907 ... 7B3.3& 2 10 In 1908, 46,417 tons 218.992 4 4 In 1909, 46,456 tons E08,fi8» 15 10 In 1910, 45.020 tons 210.264 3 6 In 1911, 47.450 tons 222.058 i 5 Total ... ... £1.643.534 7 9 January. 1912. 2920 tons ... ... 418.863 9 3 February, 1912. 3980 tons .•.. 23,545 16 10 March, 1912. 4000 tons 20.691 15 6 April 1912, 3500 Ions 17.963 13 8 Slay. Vm. «00 talis 21.824 13 1' June, 1912. 4350 toils 21.424 18 10 July. 1912. 4200 ISM 23,298 7 7 August 1912. 4000,tons. 22.050 6 0 September 1912, .355ff tons ... 21.132 17 7 October. 1912. 1870 tons 18.668 4 6 November, 1912. 2950 tons ... 13.258 15 2 Total to djtttt :. £1.871,237 5 9 Total dividends, fete.. Said since reconstruction £715,359 7