MINING.

Otago Daily Times, Issue 8758, 21 March 1890, Page 2

MINING.

NOTES FKOM WKSII'OHT. (Fkom Our Own Comixspoxbext.) Whstpout, March 20. The weather is still very dry, tho last rainfall only lasting for a few hours. The ground being very dry absorbed it, consequently sluicing claims are still wanting water.

The Fair Maid managed to get a few daya sluicing, but they are now bringing in 'another creek. When toia is completed no doubt they will have a good turn. I understand they arc on « good patcli of ground. 'Xbe Caroline Terrace Company have let ft contract aiiiouutiii™ to over £1000 to fetch iv watsr to their claim. The expenditure ol this company promises to bo rather heavy. It is to be hoped their expectations will be rc.ili6ed.

GKUAT EASTERN GOLD MIKING COMPANY

(LIMITISD), ROUGH EIOGK, NASISUY. The ndjourned extraordinary meeting of this company was held at Nsßeby on Tuesday morning, aud was attended by Messrs Edward A. Withers (in the chair), Kousrt Strong. William Hendricksen, W. S. Macintosh, Matthew Thomas, Edwin A. Fyrkfl, and Leslie A. Norman. All tho absent shareholders were represented by proxy.

Considerable discussion ensued in connection with the offer of an Knglish syndicate to take over this and tho Progress Company's and other Hough Itidgo raining properties at the stipulated prico of £75,0U0 (to bo paid principally in share)), aud in addition to provide iEIO.O'JO working capital, and to erect a chloriualion plunt capable of treating 400 tons of ore per week. The opinion expressed was to the effect that the offer in question wa* a very advantageous one; bu' on account of the delay that had taken place in the past, and tho time required for completion in the future, it was resolved, so far as this company was concerripd, to iorthwit'i withdraw the offer of the properties.

In Mm discussion that, took place both the battery and mine managers {Mean Withers and Thomas) and the managing director (Mr Norman) Etated. in reply t.> questions, that tho Cireat iiastKn property was undeniably one of the finest ftnd most exhaustively developed of any in Ota«o It v-ns ultimately resolved:-" (l)That tho company be voluntarily wound up; (2) that n new company be formed, in accordance with tho provisions of ' The Corupani'-i Act. ISS2,' with a capital of £12,000, in 12,001 shares of £1 each ; (3) that on the now comp.iny being duly incorporated, tho properties, iucl us ive of plant, &c, be transferred thereto: and (4) Hint the directors bo empowered to carry out all the arrangements necessary for giving effect to theEe resolutions."

A vote of tlianka to the chair brougUt the proceedings to a close.

TUB STCW JIOY BlCr BEACH GOLD MINING COMPANY (LIJIITHD), SHOTOVBH HIVBB, Most HRtiftfctcfcory intelligence reached town yesterday from the manager, Mr D. Miion, who wires 48oz amalgam an tl:e rojuit of Tuesdiy and Wednesday's d'edgitig, miikini! 81«z for tha last four days' work. The. average yield would be close on 30oz retorted gold.

Tho secretary of tho Upper Waiporl Alluvial Gold Dredging Company informs us that the dredge has been working continuously during the day time fiuce Saturday iaßt, that the prospects look well, and washing up will take place on Saturday. Next week it is intended to commence, working two shifts.

An Auckland telegram states that an antimony mine is now continuously worked at the Great Unrier, a block of laud of about 810 acres having been purchased by Mr W. F. Buekland and others.

A correspondent Informs the Southland limeo that a reef h.is been struck in n mine on the margin of LakeWakatipu.wherescarch has been going on for some considerable time