MINING NEWS.

New Zealand Herald, Volume LII, Issue 16097, 10 December 1915, Page 5

MINING NEWS.

TALISMAN CONSOLIDATED.

£14,302 FROM 2550 TONS. TOTAL TO DATE, £2,551,738. Dfrixg the month of November the Talisman Consolidated, Ltd., crushed and treated 2650 tons of ore for a yield of bullion valued at £14,302 6s 9d" Compared with the return for the corresponding period last year, when 4150 tons yielded £20,292, this shows a decrease of £5989 13s 3d. The cost for the past month totalled £2 18s 7d, made up as follows : — Mine development, 20s 7d ; mining, 19s 9d ; milling, 14s 6d ; general expenses, 3a 9d. The total amount of bullion won from the mine to date is £2,551,738 4b 6d, as the following table of details , shows:— £ a. d. To December, 1907 .. .. 783.334 210 In 1908, 46.417 lons .. .. 218.992 4 4 In 1909, 46,456 tons .. .. 208.885 15 10 In 1910, 40,020 tons .. .. 410.264 3 6 In 1911, 47,450 tons .. .. 222.058 1 3 In 1912, 42,780 tons .. .. 245.568 911 In 191.3, 39,790 tons .. .. 215,641 17 0 In 1914, 52,210 tone .. .. 263,514 510 Total £2,368,261 0 6 I'eriod ending January 3, 1915. 3330 tons.. 18/269 17 10 February 28, 3650 tons . . 20,292 17 11 March, 4260 tons .. 21,224 4 0 April, 3110 tons .. .. 16,114 10 0 May 31. 4060 tons .. .. 19,173 15 4 June, 2530 tons .. .. 18.131 4 2 July 2900 tons .. .. 14,435 15 6 August 2780 tons .. .. 11.872 1 8 September. 2630 tons .. 15.000 19 7 October, 3000 tons .. .. 14,659 11 8 November. 2550 tons .. 14,302 6 9 _ Total to date ..£2,551,738 4 6 Total dividends and bonuses paid since reconstruction £1,047,171 17 6 The following cablegram has been sent to the London office of the company: " Woodstock, No. 1 rise, progress 15ft, reef 56in wide, value £1 3s; No. 6 crosscut, progress 50ft; No. 6 crosscut, progress 56ft. Owing to change in contractors at No. 15 level, work will not be resumed there until after the Christmas holidays. : The mill is closed for the annual repairs and general overhaul usually effected dulling the holidays." DIVIDEND DECLARED. A dividend, the 44th, of Is per share has been declared payable on January 8, 1916, to shareholders in the Talisman Consolidated, Ltd., registered on December 18. This payment will absorb £17,250 .and will bring the total dividends and bonuses paid since reconstruction to £1,047,471 17s 6d. ROSS GOLDFIELDS. RETURN OF £200. The manager of the Ross Goldfields telegraphed yesterday stating that he had obtained a return of 50oz 15dwt from 970 trucks. The value of the yield is about £200. HAURAKI REEFS HALF-YEARLY REPORT. The half-yearly report of the directors of the Hauraki Reefs, Ltd., states, inter alia: Since the last report the adit level has been driven 170 ft and connected with the Hauraki North shaft. The mine drainage La now discharged through this level, thereby saving over 100!t of lifting. As soon as the adit level was finished the mine was unwatered and a crosscut 64ft) in length was driven to connect the bottom of the Hauraki North shaft with the Golconda workings. As mentioned in previous reports gold was being won here when the mine was flooded. The resumption of operations is immediately encouraging, as 2101b of picked stone and some 20 tons of general quartz of good grade have been obtained. The dam has been successful in holding back the water from the adjacent flooded mines, and the machinery erected at the Hauraki North shaft, which was first used when tie mine was unwatered, has worked satisfactorily.

WAITANGI CONSOLIDATED. The report of the manager of the Waitangi Consolidated mine, Tararn, states that during the past week work has been in progress in the east and west sections. The intermediate level has been timbered up for 25ft and the leading stope filled in. A second stope is now in progress, and the ore coming to hand shows good minerals and strong dabs of free gold. In the sloping east, above No. 3 level, a crosscut has been put in. The ore broken looks well, but no gold has been seen. The drive east of No. 2 rise, below No. 2 level, has been timbered for 40ft, and a leading stope is now in progress. The ore from the drive and stope looks very well. J