MINING NEWS.

New Zealand Herald, Volume LI, Issue 15684, 11 August 1914, Page 5

MINING NEWS.

WAIHI REEFS.

TRANSFERRED TO NEW COMPANY.

An extraordinary general meeting oi shareholders in the Wailii Reefs Consolidated Company, Ltd., was held in the New Zealand Mines Trust ollico yesterday morning. Mr. J. 11. Jackson presided. Resolutions were carried to the effect that tho oompany should bo voluntarily wound up and that an arrangement should be made whereby the undertaking of the company should be transferred to the Waihi Reefs Gigantic Consolidation, Lid. According to an agreement made the shareholders in the Waihi Reefs Consolidated Company are to receive 30,000 fully paid-up shares of £1 in the company taking over tho undertaking. Tho capital ol the Waihi Reefs Gigantic Consolidation Company is £150,000 consisting of £1 shares. Mr. T. F. Wallace was appointed liquidator.

Tho resolutions passed at tho meeting aro to bo submitted for confirmation at a special meeting to be held on August 27.

WAIHI.

[by telegraph.—OWN CORRESPONDENT.]

Waihi, Monday.

The Waihi Gold Mino Company's B pump has been thrown out of commission by a breakage of tho rod, and it is anticipated that this will delay development work at the 1300 ft level for three or four weeks. Pending repairs, the big C pump is being got ready, and the water will not bo allowed to rise appreciably. The company's supeiintendent, Mr. E, G. Banks, states that the men who were in the bottom level will bo employed elsewhere pending repairs, and the unvvateringof the 1300 ft level, and that mining operations generally will be carried on as usual. It is not expected that tho" temporary disablement of tho pump in the Waihi mine will in any way retard development work in the seventh level of the Waihi Grand Junction mino, as it would take some time for the water to rise sufficiently to interfere with operations at the Junction bottom workings.

GOLDEN BELT. The rise in the intermediate level, Golden Belt mine, Nevesville, was up 6ft last week. The reef looked well, and tho ore broken out will be sent to the battery this week. Tlio ore beiijg crushed is of a payablo quality. BLACKWATER.

The following cablegram has been sent to tho London office of tho Blackwater mines, Reefton:—" Reef struck in shaft" at 1081 ft. Reef assays loz 16dwt. Over 36in sampled."