MINING NEWS

New Zealand Herald, Volume LXX, Issue 21399, 25 January 1933, Page 5

MINING NEWS

- NEW COMPANY FORMED

Mac( town Reefs Prospecting Company, Limiteii, with a capital of £6OOO in shares of £1 each, has been registered in Dunedin. The objects ara to acquire from a mining syndicate the licences for certain mining privileges and to carry out prospecting work. REPORTS OF MANAGERS Golconda the week on the tunnel level, we sunk the winza 4ft. The country is of a nice mild nature.- ' On tho bottom level, the crosscut was advanced 10ft. The country is very hard and difficult to break. Thero is still a big flow of wa.er coming from the face. A few quartz stringers have been passed through. Lonj; Trail (Colville).—At the 1001 V level, the face is in high-grado ore, the reef is over 18in. wide arid the best ore is sho wing on the floor of the drive. At the low level, No. 3 vein is opening out . .into a substantial lode, and this face-is being pushed onj/with two shifts to get under the ore in the prospecting winze at 1 the surface. As soon as tne level reaches this point, a rise will be put up to enable • the ore to be stoped out and also to supply vontihttion. A trail of gold has been follow;d up, and its source located right on tliD boundary of the Long Trail and Ked Trail mines. The new vein is in a very convenient location for economical working. At the battery the berdans are runnir g 10 hours a day on the tailing from the preliminary crushing. This will take the rest of the week to complete. |.' Taliuman Dubbo (Karangahake).—The drive ai; No. 1 Talisman level has been extended Bft; for the week ending January 21. A good, firm class of country is being. mot. We are getting close - under the Dubbc. face and have turned the level ito allow for tho underlay of the reef. In the Enbbo level, which is 115 ft. abov® us, the reef is wider than the drive.