MINING NEWS.

New Zealand Herald, Volume LI, Issue 15563, 21 March 1914, Page 5

MINING NEWS.

WATCHMAN. A PARTIAL RETURN. The directors of the Watchman (Told Mining Company, in a circular to shareholders, submit a report from the battery manager (Mr. J. M. L'oote) for the period ended March 7 last. Ibis states that an average of 17 stamps, running 21£ days, crushed an average of 33 tons per day, or a total of 710 tons of ore. of an assay value of £1 19s 7Jd per ton. or a total assay value of £1406 13s 9il ; 1620z Bdwt of bullion, worth £486 lis 4d. were obtained by amalgamation—equal to 36.7 per cent, of the total value of the ore; 16 tons of concentrate,, valued at £242 16s. were saved : 225 tons of sands, valued at £239 7s 6d. were treated or were under treatment ; 188 tons of slimes, valued at. £144 17s Id, were treated ; and 297 tons of slimes, of an estimated value of £293 Is lOd, were awaiting treatment. The report states also that efficient milling lias resulted in the production of a larger proportion of slime than that obtained from the ore in previous experimental ciushiugs; and as a icult of experiments, now being conducted, it may be advisable to hiatal another tall tank in order to economically treat the full tonnage (1000 tons) pev month. This can be done at small cost. The mill is working well in every department, and a very satisfactory extraction etf the values is already being obtained from both the sands and slimes. The first actual return for the whole period ending April 9 will be declared about April 14.

THE TALISMAN MINE. DR. HENDERSON'S REPORT. REPLY BY MINE MANAGER. [bt telegraph.—press association.] Wellington*, Friday. The local board of the Talisman Company. Messrs. Jackson and Weston, and Dr. Knight, has issued the following : — The drop in the market price of Talisman shares is probably due to a report made by Dr. Henderson, now being issued by the. Government Mines Department, upon the Karangahake field. The attention of Mr. Stansfield had been drawn by the board to the report, and his reply by letter received this morning is as follows : — I should not be inclined to take it too seriously. "We all - Know Chat "mines"become exhausted or unprofitable finally, but the Talisman ha 6 not reached that stage vet, and neither Dr. Henderson nor anyone else can prove that it is near or otherwise.'' Continuing, he says : " No. 12 winze_ is still "all right, and we hope to get No. 9 going next week, if men are available." This is the opinion of our mine manager, who more 'than anyone else is acquainted with the idiosyncrasies of the mine and the -district. 'in considering the reports of scientific experts, investors should always remember that the older and more experienced the man, the less he is inclined to indulge in prophecv.

KURANUI. FORMING A NEW COMPANY. " Formal resolutions to reconstruct the ...iranui Gold Alining Company were carried at a meeting of shareholders held in the office of the secretary {Mr. J. W. Nichol) ' yesterday' morning. The chairman of directors [Mr. J.' M. Lennox) presided. The resolutions adopted provided for' the winding-up of the present company and the formation of a new one, with a nominal capital of £30,000, divided into: 120,000 shares of 5s each (nil paid up), 89,575 (or share for share) to be 'offered to the shareholders, and the present com-' pany, and the remainder to be held in reserve. A meeting to confirm the resolutions will be held on April' 17. THAMES DEEP LEVELS. The supervisor of the Thames Deep Levels crosscut (Mr. Geo. Warne), re-, ported yesterday that he had succeeded in' getting down the shaft to the 1000 ft level, by allowing the waiter from the fire-hoses to fall down the winding shaft. No air was coming from the main air-pipe, owing to three lengths of the pipe haying been badly damaged, permitting* the air to escape. Repairs are in hand, and Mr. Warne hopes to have everything right for putting the pumps in order inj. fen- days. He" cannot yet make an "Inspection of the tunnel, as there, is. a good deal of gravel and silt right out to the shaft, which requires to. be cleaned up. The secretary of the Thames Deep Levels Board (Mr. J. Sheath) telegraphed to Mr. Warne yesterday to put on as many men as maybe required to clean out the crosscut.

THAMES WARDEN'S GOUKP. [Bf oorbespo?i»ROT-} Tiumes, Friday. The regular fortnightly sitting of the Thames Warden's Court "was held to-day. The following applications were dealt withDixon's Consolidated Gold Mining Company, for six months' protection for the Albumin Extended special claim, granted, with the consent of the Minister; Bonanza Cold Mining Company, six months' protection ior-lhe Bonanza special claim, granted; Occidental Gold Alining Company, six months protection for Dart Extended special claim, granted ; H. Brett, protection for machine site, Great Barrier. recommended to the Minister for 12 months; Victoria Gold 'Mining Company, six months' protection fox the Victoria special claim, recommended to Minister; May Queen Gold Mining Company, amalgamation of the May Queen special claim with the May Qneen No. 2 Extended quartz claim, recommended; J. Hawkes, authority to cut rimu lre.es for mining p_U!'J!oses. granted subject to a schedule of prices being fixed by the ranger; New Sylvia. Gold Mining- Company] license for the Brilliant No. 2 special claim, recommended.