MINING NEWS
ADDISON'S FLAT DIVIDEND The directors of Addison's Flat Gold « Mining Company, Limited (West Coast), have declared a dividend of 10 per cent, payable on June 1. This makes a total dividend of 53 per cent since the company commenced operations in 1934. PROSPECTORS' RETURNS THAMES AND COROMANDEL [BY TELEGRAPH OWX CORRESPONDENT] THAMES, Tuesday .For the month of April 630z. lodwt. of gold were won by men employed on the subsidised mining scheme in the Thames area. This amount, together with the bonus, totals approximately. £342. There are at present about 100 men employed under the scheme in the Thames and Coromandel areas. YIELDS OF COMPANIES Rimu (West Coast). —1950z. for labours and 50,744. yards. FIJI OPERATIONS Emperor.—Four weeks ended April 1": No. 2 (100 ft) Level, X. Drive —E. crosscut 230 ft from internal shaft at co-ordinate 2070 ft N. extended 18ft to 215 ft; at 203 ft, j encountered strong shear, from 'J 03 it to •JOS ft average lOdwt; remainder in hard basalt formation. Rise off above E. crosscut at co-ordinate 13ft E. extended, 31 ft to 06ft; holed to surface. Values of bulk and channel samples for full distance as follows: First 45ft average OSdwt; from 45ft to 06ft, lOdwt. Internal shaft continued from •Jlft to 45ft below Xo. N 2 (100 ft) level; average last 21ft. 22dwt.| average for full depth 45ft, 2lHdwt. Sinking stopped temporarily owing excess water. loloma. —Assembling of upper half head frame in hand. Lining of-crude ore .bin com: pleted, lining of main ore bin in nana. Assembly of jaw-crusher and crushing roll? - completed. Completed foundations for drier dust chamber; roaster stack completed. E.ick work for roaster well advanced -Timber and concrete work for agitator section well ir hand. Excavations for thickener w! {!{® \ pleted and formwork begun. Excavations fl ni form work for filter section well advanced. Koroere Cardigan lode: No. 3 prospecting shaft 20 to 30ft, ;-'^ f ?; of^ o ol.rrwes in"- shaft crosscut east to 20ft, -dwts, Cardigan lode driving , south at 35ft. firsl . ~ft TO tO —•-> tO 30ft •Mwts : Sultan line No. 3 prospecting shaf 'lsoft south cut vertical formation trace* only.
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Bibliographic details
New Zealand Herald, Volume LXXIV, Issue 22726, 12 May 1937, Page 7
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354MINING NEWS New Zealand Herald, Volume LXXIV, Issue 22726, 12 May 1937, Page 7
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