MINING.

Otago Daily Times, Issue 10423, 27 July 1895, Page 5

MINING.

NOTKS PROM LTELU (From Oun Own Correspondent.)

T „ „ Lyell, July 2G. Lyell Creelc.-Tho mcn»ger reports for the weak :—" The main lovol north has been extended a distance of Bft for the week, malrin ff a total length driven on the reef of 59ft. The reef at present is oft wide. A new make of stono came in last lueaday. There 13 more f»old to be seen in the banging wall portion of iho reef than before, bnt tho new make is poor so far, but should imprcvo ™* B{t> but as the'paddock was full of stone •I had to discontinue and start to rue for tho second slope. This is now up 7ft. There is no change in the reef of any note. It continues er;iatly mixed with mullock." Use contractor for carting quirts has mode a start again, the reason ha knocked off being that the road was not safe to cart heavy loads owinc to the severe frosts. Thera have been 30 tonß of stone sent to the battery for the week The Coctepai-row dredgc.-lhe manaecr rafn %i° l\ the, weck l :- We have dred E ed 115 hours tor 330z ldwt amaljram. The ground is getting a little easier to work,, there being fewer lareS boulders. We had the bottom for about 20ft but owing to the river gome st low we have not been able to get the bottom sincu Tuesday last We have not room to stow the tailings, and are "WCfd to leave some washdirt underneath us which I believe to be the richest dirt."

(Per Unitkd Pbess Assocutios.) '.*■.,. . ' ' Auckland, July 20 ■ ■■Afterbeing in existence for something over a quarter of a century, the old Thames Goldl Minintn°^ va7 i US beG"w"und J v?. and the liquidator Khb ni ot 8 per share> worth

Mining Share Quotations.-Alburnia, sellers 5a ;> ■ im™ fi ' m^v & *l' sell"s9s M; Moauataiati, Sq7- w^h^' B, elle n I? 7 C S ! w'»Jii Silverton, sailers ■♦ ioH^ 1' buyers S(i3' sellt!r3 •• Talisman, 12-j to 12s bd buyers I2s 6d, sellers 13s: Try JTlukej, ad, Kapai-Vennont, i< 9d to is (id, buyets 4s 6d, sellers ia lOd ; Bonanza, buyer* 3s Id, ssllei-s :ts rfd ; Grace Darling, 2s !!d,,to 2s 3d, sellers 2 8 3d ; Mm I.'™ 6*}1 bU>ei" n S> Ga Clty of Danedin, Is o si* S iV,yu?ersls9t3'sellers Is l(M l. Noifolil, 2s 3d to 2s lOd, buyers 3- Id. sellers 3s 6d.

notes from wakati f v (From Our Own Corresponded ) AiißOvrrpw}., July 20 -The news of the resuscitation of the Glenrock (late Premier) Gold Ccm pany, Macetowi), should bcihaUed with much satisfaction by all who take an interest in our mines, considering thim as a national asset quite apart from the stimulant given to tjade by the expenditure of so much foreign capital -Lhat for all the money spent and Übour done upon om reefs very little is as yet known of then real characteristics iniist be conceded by all-whose O?S. IODa '? ,worth hsvln £ > "With the exceptions of the Achilles mine, Skipper , not a single mine has been sunk upoa or worked below ths v.iter ievel of the creeks or pulhts upon the banks of ■which the outcrops of stone were found. Ih the case of the exreption—i«, the Achilles mine, the venture, of sinking to a aepth of about 250 ft his proved singularly successful Not only has paying stone been met with, bnt the lodes worked turned out to be much more regular, better defined, and giving a much greater promise of permanence t&dn was t hd 'ense at any higher level. Be»ides this there is the vii proved theorj of the lodes woiked and wotking being offshoot 3 only of a vaat mam or mother lode running from Macetown through Skippers and into the Rees Valley. This and other like and likely contingencies are. subjects too vast to be discussed withiu the bounds ot a weekly letter buffice it to say that California baa one such mother" lode M) miles m length . thatßfcndico and Ballarit have lodes conforming with smih a designation, and why not Ofcago ? The Home ward Bound, the All Nations, the Garibaldi, the lipparary, the Sunrise, and other lines of lodes at JHacetowu all run more or less parallel, trending towaros the main axii of the moutitam ian*L, Mpon the Hanks of wbith they are situatpfl To go just a step farther, it may be mentioned that near the top of Advance JPeak, above Mtteetown, there is a massive .outcrop of solid stone 30ft wide which answers in its Btuke and dip, in its locitiou, and in its Rcrioral character all the conditions required m j. true mother lode Even allowing that, as in the case of California, such a mother lode should be barren ■ 9*f, OJJk.° p. utmost pay^bly aunfeious at intervals only which is by uomrans % fixed charartemticof a mother lode, the existence of such a lode m North Otagd would completely revolutions thp local quartz mining ndbions of the present day But in tere&ting as the subject lit, neither space nor time will allow of ite fuither dnuissinn. Iri spite of the seveie weather a good doal of prospecting is coing on in seVeral parts of this field. It would appear, that the -threatened descent of the unemployed upon our gullies and rivers is working as a stimulant upon otir miners an effect probably not calculated upon by the organisers of the movement. Gold-miaing is essentially a selfish occupation. Parties upon the Hholover river working in the ,iof ]& c st^an} Are repotted to be dome fairly well. The river is low, with 4 tendency to a still further deduction of its volume Bank agents and gold buyers are loud in their complaints about the scaicity of the precious metal, but in spite of all this then; is not a word of a? fSY.I""*8 in£ 3 P"ce. ?•*"! 77s per ounce is rigidly and frigidly adhered to.