MINING NEWS

New Zealand Herald, Volume L, Issue 15263, 29 March 1913, Page 5

MINING NEWS

WAIHI.

£25,477 FROM 13,819 TONS.

TOTAL TO DATE £10,176,909.

Tot Waihi Gold Mining Company during th© four-weekly period ending March 15 crushed and treated 13,819 tons of ore for a return of bullion of an estimated value £25,477. Compared with £46,099,, the actual realisation of bullion won from 26,433 tons for the corresponding period of last year, the present return shows a decrease of £20,622. The total value of , the bullion won from the mine to date (corrected to April 13, 1912) is £10,176,909, as shown. in the following table — , £ Total to end of 1907 '>. .. 6,290,113 In 1908, 393,214 tone 930,511 In 1909, 416,813 ton* 969,694 In 1910, 442,020 tons 926,100 In 1911, 350,699 tons .. .. .. 679,113 In 1912, 132,610 tons .. .. .. 324.910 10,110,341 Period ending- _ January 18, 8978 tons . • « 15,477 February 15, 14,646 ton* .. .. 25,614 March 15, 13,819 tons .. .. 25,477 10176^909 Dividends, bonuses, etc., paid to date, £4,507,820 10s Bd.

WAIHI-PAEROA.

£2130 FROM 9800 TONS OF TAILINGS.

TOTAL TO DATE X £42,341-

For the four weeks ending March 22 the Waihi-Paeroa Gold Extraction Company, Ltd., treated 9800 tons of tailings for a return of £2130. _ The manager reports that the major portion of this return was obtained, from the river in front of the works where the sands are very low grade.. The company has now treated 127,000 tons of tailings for a total extraction of £42,341 6s sa, made up as follows :— £ In 1912, 94,100 tons .. .. ... 33,811 To January 25, 1913, 11,000 tone .. 3,350 To February 22, 1913, 12,100 tops «. 3.050 To March 22, 1913, 9800 tons . . 2,130 Total to date 42,341

MEETING OF SHAREHOLDERS.

LOW STATE OF THE RIVER.

- The annual general meeting of shareholders in the Waihi-Paeroa Gold Extraction Company, Ltd*, was held yesterday. There were 15 shareholders present, representing 78,673 shares*. Mr. P. .N. Kings managing director, . occupied the chair. The chairman, in his opening remarks, referred to the return of £2130 for the pant month, which, he stated, would just about pay the working expenses for that period. The sole cause of the small return was that 50 per cent, of the sand treated had been previously through the works, and had been washed back by the tide. Four years ago the company was represented by four shareholders, and there are now 149 on the list. They had hoped to declare a dividend about this time of Is per share, but the fall in the river was a set-back they had not foreseen. A moderate decrease was expected : and prepared for, but the lowness of the river at the present time was phenomenal. It i was now 4ft lower than ever remembered !in Paeroa by any white man. The result had been the throwing back of the treated sand by the incoming tide. It was hoped to arrive at * a satisfactory arrangement with the Government for the deposit of this silt as it was ridiculous to throw it back into the river, and for the Government to take it out three or four miles lower down. Meanwhile the dredginga will be placed out of reach,, of the working* The company has at present £3700 towards payment of the next dividend. This amount is equal to about 6d per share. The sand treated in the past has contained the poorest of the tailings that were placed in the river during the past 20 years, as, being the lightest, they were washed furthest down. There is therefore the best of the work yet to be done. Mr. C. Y. Fell, a large shareholder, from Nelson, said that he had come to Auckland on purpose to be at the meeting, and speaking for himself and other Nelson shareholders, he considered the interests of the company wore in good hands and those of the Nelson men who had visited the works had returned with easy minds as to the prospects and general welfare of the company. He congratulated the manager and directors on the skill, energy, and forethought they had shown in conducting the affairs of the company. , On the motion of Mr. A. B. J. Irvine a unanimous rote of thanks was accorded the general manager and co-directors for their excellent work. The following officers were re-elected :— Directors, Messrs. P- N. Kingswell, D. W. Dnthie, and R. B. Jackson; auditor, Mr. W. R. Holmes.

ROYAL OAK.

RETURN OF £260.

[by TELEGRAPH. —own CORRESPONDENT.] * 1' Cobomandei, Friday. Messrs. Power and party tributers in the Royal Oak mine have completed a crushing of picked stone and general dirt for a yield of 630z of retorted gold. • The approximate value of this return is £150. Messrs. Allen and party, also tributing in the same mine, have banked 420z, the result of a crushing. _ The approximate value of the return is £110. POWER FOR WAIHI MINE. < [by telegraph.—own correspondent.] Waihi, Friday. The erection of the poles to carry the wires in connection with 'the Waihi Goldmining Company's Horahora electrical power scheme is neaping completion, and I the plant should be in running order about the middle of the year. The introduction of water power will tend to reduce working costs and will enable the company to treat to profit ore of lower grade than can be handled at present. NEW WAITAIA. The ordinary general meeting of shareholders in the New Waitaia Gold Mining Company, Ltd., was held yesterday in the office of the company's secretary (Mr. H. Gilfillan): There was a good attendance of shareholders, and Mr. W. C. Somers (chairman of directors) presided. The directors' report and statement of accounts as "submitted were adopted. MrA. Sturges, retiring director, was reelected, and Messrs. H. T. Gorrie and W. J. Raingcr were elected to the board of directors. Mr. P. K. McDonald was appointed auditor of the company. Mr. R. Inglia, mine manager, was in attendance, and explained the work now irk progress, the tlock being worked, and the future pros pects of the mine. The directors' report has already been published.

THAMES WARDEN'S COURT. [BY TKLEGRAPIT. —OWN CORRESPONDENT. ] Thames, Friday. ' At the fortnightly sitting of the Thames Warden's Court, held to-day, the following applications were dealt with : —Good Hope Gold Mining Company, for six months' protection • for the May Queen Extended special claim, recommended to the Minister for Mines; 0. Adams for

six months' protection for the Waitangi •Extended and Waitangi No. 2 special claims, recommended to the Minister; E. J. Burns, license for a residence site, granted J. W. A. Bertram, three months' protection for the North Star special claim, recommended to the Minister M. E. Robinson, license for a residence site, granted; Dixon's Consolidated Gold Mining Company, six months' protection for Dixon's Consolidated special claim, granted; Watchman Gold Mining Company, special site for ground and aerial tram from the Sunbeam Creek to battery, Tararu Creek : This was objected to by F. Challis, on the ground that the course of the proposed tram was in such a position as to be dangerous to himself and family, as it passed immediately above his house. After hearing the evidence on both sides, which was somewhat conflicting, His Worship decided to reserve judgment, to enable -him to visit .the spot in company with the mining inspector; New Champion Gold Mining. Company, six months' protection for the Champioft and Champion North special claims : This was objected to by E. Collins, who also applied for forfeiture of the Champion North claim, on the grounds that it had not been worked for the previous six months. Evidence was given on behalf of the company, to the effect that they were about to raise £1000 for the purpose of erecting a reduction plant on the claim, and it was to give the necessary time to raise this capital that the protection was asked for. Decision was given against the application for forfeiture, the company being fined £3 and costs for breach of the mining regulations, in lien of forfeiture. The application for six months' protection was recommended to the Minister. OCCIDENTALThe manager of the Occidental mine, | Thames, reporting for the past week, states that some good dabs of gold were seen on Tuesday last while breaking down the reef in the stopes above the 70ft level, and a few pounds of picked stone was obtained. Quartz broken from the stope over the low level .looked promising, but no gold was seen. The face of the Flinty crosscut, at the No. 4 level, is in very hard country. A survey showed the face to be directly over the drive on the No. 2 reef at the 70ft level. The reef is probably still some distance ahead.