MINING NEWS

New Zealand Herald, Volume LXXI, Issue 21830, 19 June 1934, Page 5

MINING NEWS

GOLDEN DAWN MEETING The annual meeting of shareholders of Golden Dawn Gold Mines, Limited, was held in Auckland yesterday, Mr. J. Farrell, chairman of directors, presided. - ' . Details of the accounts, which showed a profit of £7IS for the half-year ended December 31, 1933, and of the mine superintendent's report, were published in the Herald on June 7. The reports and accounts were adopted. The retiring directors, Messrs. D. B. Patterson and B. M. Myers, were reelected. An amount of £l5O for directors' fees was voted for the year. UPPER SHOTOVER CLOSES The severe weather conditions experienced in the Uppcsr Shotover district (Otago) recently have caused a cessation in the work at the Upper Shotover Gold Company's claim. A report states that the directors wished to prospect various sections of the riverbed before winter set in, but this undertaking was still incomplete. As a consequence, the value of the claim was not yet proved. In the course of the prospecting carried out, it was found that some sections had already been worked by earlier miners, but the manager stated that there remained a considerable length of virgin ground. The gold obtained during prospecting totalled 85ioz. It would probably be the bejiinuing of September before operations could be resumed. The company had sufficient funds, after discharging all liabilities, to carry out. a considerable amount of work in the spring. YIELDS OF COMPANIES Talisman Dubbo (Karangahake).— The treatment of 481 wet tons, equal to 43 dry tons of ore, at the Golden Dawn battery, gave ai ! actual return, 0u.85 per cent extraction, of £329. Gillespie's Beach (South —Last week, 420z. lSdwt. for 125 k°Oka'rito (South Westland). —21oz. 13dwt. for 120 hours. Mataki (Murchison).—3Boz. for 130 kourk. REPORTS OF MANAGERS Golconda (Thames) .—During the week in the main drive we drove sft. into the reef. There is no footwall showing. The quartz is heavily mineralised and shows silica and a little zinc blende. The reef has the right dip for the Cambria reef, and the appearance of the quartz is more like this reef than any other body of ore that we bavo cut in this section of the mine. There are great possibilities between here and the main slide, as the reef is well defined and is a very strong ore body. The water has eased off. but there is still a little gas coming from the reef. Timbering should be completed by next Wednesday, when we will try to reach the footwall of the reef, and then drive both ways upon it. No work has been done in the hangingwall crosscut. _ Dawn of Hope (Thames).—Driving hillward has been continued on the hangingwall dropper of the Golden Ape reef This level has now passed through the Tributors' block, which showed good values for a distance of 53ft. I lie level is now into the company's ground a distance of Bft.. and in each breakmrjdown of the dropper during the week good values were seen in the flirt broken, and a small amount of picked stone was selected from the general dirt, which is saved for treatment.