MINING NEWS.

New Zealand Times, Volume LXXIV, Issue 4881, 5 February 1903, Page 6

MINING NEWS.

Under date the 2nd February, the mine manager of the Jubilee Goldmining Company writes: —Low level— Resumed driving this end again to-day; reef inclined to harden; country hard. New stope —Back of end, well formed and connected with former stope; length of stope now working 80ft. Stope cast of No. 2 winze—This stope opening has very small reef; will be idle for this week. Intermediate driving east—Level and stope advanced 7ft, total 41ft; this driving stops for a time until a fresh stope is brought over. The reef in this end still looks well and of fair size. Part of last week and continuing this week we have been taking a fresh stope from old winze westerly; ore. low grade. Battery—Our clean-up as advised was eighty tons, yielding 3ooz 7dwt 18gr; 3Goz would have been an average of 9dwt, which is quite satisfactory'. I expect to deal with a much larger tonnage this month.

On the Wellington Stock Exchange yesterday mining shares were quoted as follows:—Big River Extended, sales 4s 3d; Kcep-it-Dark. buyers £1 10s; Monowai. sellers 2s 3d; Buller Junction, sellers IDs- Callaghan’s Creek (pref.), sellers Is; Cornwall, sellers 2s; Golden Bay, sellers *lss; Mokoia, buyers 11s; Mosquito, buyers £1 6s, sellers £1 8s; Notown Creek, buyers £1 7s; Pactolus. sellers £2 9s; Premier Buller, sellers 18s 9d : Rocklands Beach, sellers ss: Alexandra Lead, buyers 14s; Alnnno No. 2, sellers £1 Is 3d: Electric, sellers £1 15s; Golden River, buyers 9d ; Junction Electric, buyers 13s 71 d; Sailor’s Bend, buyers 19s 4d. ■PP.F.SH ASSOCIATION. DUNEDIN, February 4. To-day’s Stock Exchange, sales;—Rise and Shine. 24s 3d; WaLmumu, 12s 6d.