MINING NEWS.

New Zealand Times, Volume LXXII, Issue 4588, 17 February 1902, Page 5

MINING NEWS.

The Rocklands Beach dredge obtained 3-0:5 15dwt amalgam for 120 hours. The Han Hau Crook drodgo resumed work last Tuesday; she will not wash up until to-day. The report of tho Wakamarina Golden Point Dredging Company, just to hand, shows that the dredge commenced active operations on the claim in September on rue late Imperial Dredging Company’s river claim, which was acquired and has now been amalgamated with the Golden Point claim, and is held under a new license at a reduced rental. The acquisition has been justified by results, tho dredge having been on gold from the timo of opening out. To tho 24th December. on which day the dredge was closed down for tho holidays, gold aggregating in value £548 8s Id had been won from the mine. Tho dredge has never been off gold, and tho returns, averaging 21oz per week, leave a handsome profit. Tho “wash” is easily treated, ami there is an absence of largo boulders. Occasional logs aro tho only difficulty met with. Tho directors of tho company are Messrs 11. D. Vavasour. Thomas Gregory, W. Jvennington, W. Pollard, R. IT. Smalo (all of Blenheim) and Mr A. J. Farmer (of Laory and Co., of this city). Tho .secretary is Mr Bright (late of Foil Bros, and Co.).

Tho Alpine mine manager reports from Beef ton:—“Tho work dono for tho week lias boon confined to breaking out hanging wallstone, of which 14 tons has been sent to the battery, yielding 13oz 2dwt gold. I havo taken 30 tons from the whole reef, which is looking well going north, and is of very good qmm lity, and is inclined to got huger. Tho contractors in No. 7 level have driven ISffc for tho week, making the total distance 59ft. There aro quartz and water coming from tho face.’’ SATURDAY’S QUOTATIONS, WELLINGTON STOCK EXCHANGE.; -Upinn Extended, sellers 7s:' N.Z. Crown, buyers 10s, sellers Ils. Sluicing—Neville and Perkins, sellers 19s; Undaunted, ex, .sellers .£lO 15s. Dredging (West Coast, Nelson and Marlborough)—Greenstone Junction, sellers £1 (is; Notown Creek, sellers £1 (i.s; Premier Duller, sellers £1; Rocklaud.s Beach, .sellers 10s. Dredging (Otago)—Fourteen Milo Beach, sales 9s (id ; Mainihorikia, buyers £1 Kis, sellers £1 19s. DREDGING RETURNS. PRESS ASSOCIATION. DUNEDIN, February 16. ; Tho following dredging returns aro; reported:—

The Electric dredge obtained lliox 14dwt for tho week. The Junction Electric No. 2 dredge yielded 33oz_4dwt (the drift is troublesome); and the No. 1 dredge gave 180/. Solid bottom was struck on Thursday night. The report on tho Magnetic states that there has boon no wash-up, as tiie paddock is ben jug cleared out. GREYMOUTH,, February 16. Following arc tho dredging ret urns toi hand Leviathan, 44 oz sdwt for 124 hours; Pactolus, lloz 14dwt for 136 hours; Duller Junction, 50oz for 124 hours; North Beach, 270 z lOdwt for 123 hours; Reeves Proprietary, 10oz 14dwt for 108 hours; Hokitika river. 550 z for 111 hours; Al, 28oz for 115 hours; Greenstone Three Mile, 370 z for 116 [Tours; Mosquito, 17oz lOdwt for 65 hours; Caledonia, soz lOdwt for the 1 week. DUNEDIN SHAREMARKET. DUNEDIN, February 15. Following arc to-day’s sales on tlia Dunedin Stock Exchange:— Aldinga, 18a (id; Alpine Consols, 38s; Enterprise, 30s Cd; Fourteen Mile Beach. 17s:Gentle Annie, 15s; Gold King, 5s 3d; Leaning Rock, 15s; Meg and Annie, 24s 6d; Pactolus, 30s; Rise and Shine, 11s 6d; Teviot, 6s; Upper Magnetic, os 6d. ;

oz. dwt. Pactolus ... ... Ill 14 Mystery Fiat 72 12 OlriK 47 10 Perseverance No. 1 ... 38 0 Perseverance No. 2 30 0 Success 28 13 Wakaka Queen 28 2 Alexandra Eureka 26 0 Chicago 25 2 Mokoia 24. 0 Golden Beach 23 10 Molyncux Hydraulic ... 21 5 Central Charlton. ... 21 2 Prince Albert ... ... 10 IP Ngapara No. 3 19 0 Waikaka 16 7 Waiinumn Queen 10 5 Spec Gully 13 18 Gabriel 12 11 Globe 10 . 0 Cornwall 7 0