MINING NEWS

New Zealand Herald, Volume LXXII, Issue 22119, 27 May 1935, Page 5

MINING NEWS

YIELDS OF COMPANIES Worksop Extended (near Reefton). — Last week, 320z. lOdwt. for 132 hours' work. Mossy Creek (near Greymouth).— Last week, 70oz. 12dwt. for 118 hours' work and 14,S00yds. treated. Sixteen hours were lost through power interruption. Maori Gully (near Greymouth).— Last week, 30oz. for 6S hours' dredging. Operations were suspended on Wednesday to enable adjustments to be made to the dredge, prior to its being taken over from the contractor. It is expected that work will be recommenced to-day. Lawson's Flat (Westland). —Period to May 21, 430z. There were several interruptions owing to holidays and shortage of water. MOONLIGHT GOLD FIELDS OPTIONS Moonlight Goldfields, Limited (Greymouth), last February granted an option to the Australian Selection Trust over the balance of its rights and assets remaining after the granting of the first option to Investments, 'Limited. The directors have now been advised by the attorney to Australian Selection Trust that his principals are ceasing all their operations in New Zealand and have instructed him to abandon th© option. The first option to Investments, Limited, is still in force. The directors report that development work is progressing, and they hope to commence production shortly.

REPORTS OF MANAGERS Mahakipawa (Marlborough). The leading face has run into old workings,, which appear to have been driven parallel to the main drive, but a few feet north of it. There is about 12in. of bottom in the face, but the wash is stil! poor. The cut south was driven 20ft. in. schist bottom, at which distance it cut cemented wash carrying gold. The bottom of this new gutter is about 2ft„ above the iioor of the cut. The wall, which is comparatively soft, is undercut where we intersected it. The new gutter is about 6ft.«wide, and dish prospects give good values. The gold is similar to that won last year. The lead is being followed downhill. Little progress has. been made in the false bottom, as w& have encountered numerous difficulties. Mataki (Murchison). —The dredge pulled ahead 3oft. in ground of an average depth of 16ft. The ground again* showed a. slight improvement tor the week, the bank showing more improvement than the river. Tho wastt dirt in the bank is becoming m\icn rougher and is carrying a better sample of gold.