MINING NEWS.

New Zealand Mail, Issue 1745, 16 August 1905, Page 51

MINING NEWS.

AUCKLAND, August 10. Good news regarding the development of the low-level in the Waiotahi mine, Thames, has resulted in numerous sales up to 62s 6d, leaving the quotation for buyers at 60s, and for sellers at 645. In view of the fact that the shares a few months ago were from six thousand to sixty thousand for the convenience of sharemarket transactions, the present price is somewhat sensational. AUCKLAND, August 10. During July the New Zealand Crown Mines, Ltd., treated 1071 tons ore for bullion valued at .£4524. REEPTON; August 10. Big River mine manager reports:—During the week No. 8 level, west drive, has been driven 14ft, making tne total dis>tanc© from crosscut 70ft. At present there is 3ft of stone in back of drive, and stone 4ft down the face of drive. The stone shows gold freely. The intermediate has been driven 10ft. REEFTON, August 12. Alpine mine managers report:—lntermediate level has been extended south 7ft, making a total distance of 68ft. Stone cut out on Tuesday, but is making again, and is now loin wide. In the north end, the level has been extended 6ft, making a total distance of 46ft. There was 4ft of stone in this face up to Wednesday, when it cut out. Returns.—Pactolus No. 1,740 z 16dwt for 132 hours’ work; Pactolus No. 2,116 oz 7dwt for 130 hours; Callaghan’s Creek, 50oz for 225 hours’ work. DUNEDIN, August 11. Stock Exchange sales:—Alexandra Lead, 6© 6d ; Riley's Beach, 7s; Unity, 4s 9d; Big Raver, 8s 6d. Dredging returns —Maeterton 750 z 13 dwt, Electric No. 2,620 z lOdwt MysteryFlat 550 z sdwt, Chicago 490 z 19awt, First Chance 360 z, Lady Roxburgh 320 z 14dwt, Hessey’e 320 z 14dwt, New Alpine Consols 31oz 13dwt, Muddy Creek 30oz 6dwt, Monte Christo 290 z lOdwt, Riley’s Beach 290 z, New Perseverance No. 228 oz, Junction Electric No. 1 270 z, lOdwt, Lady Annie 230 z 6dwt, Ettrick 230 z, Charlton Creek 19oz Sdwt, Junction Electric No. 2 18oz ldwt, Waikaia 17oz Bdwt, Inchdale 14oz ldwt, Central Charlton lloz sdwt. DUNEDIN, August 13. Dredging Returns. —Three-mile Greenstone. 260 z; New Roxburgh Jubilee, 640 z 15dwt; Punt, 550 z 4dwt; Clyde, 460 z; Rise and Shine, 450 z 16dwt; Rising Sun 420 z 13dwt; Enterprise 11., 350 z; Matan, 31oz 9dwt; Rise and Shine No. 2,31 oz ldwt; Clutha River, 270 z 7dwt; Upper Waipori 270 z 2dwt; Waikaka Syndicate, 260 z 18dwt; New Fonrteen-mile Beach, 260 z 18dwt; Manuherikia 250 z lOdwt, Golden Bed 240 z 18dwt, Waikaka Queen, 220 z 18dwt; Waikaka United No. 2,220 z 6dwt; Waikaka United No. 1,20 oz 3dwt; Royal Waimumu, 19oz 14dwt; Waimumu Queen. 17oz 6dwt; Olrig, 13oz 16dwt; MacCharlton, lloz 12dwt; Waikaka Syndicate. No. 2,9 oz 9dwt; Waikaka, 9oz 3dwt.