MINING.

Otago Daily Times, Issue 10731, 20 February 1897, Page 6

MINING.

THE BIG RIVER MINE.-TIIE PROPERTY

PURCHASED.

(FaoJt Our Own* CoßßEspoxnENi.)

Keefio.v, February 19. Mr Fenton, legal manager of the Big River Company, this afternoon received the following telegram re the purchase of the company's proFh^P- :_f'.'- As aS3, i?ne? fif tl^ option to purchase T^dtu7S i%^ S7 nd Pr°Perfcy under deed r-nr.tt i ' lß9V^ ween y°ar company and Count dAbbans and others, I agree to purchase m7 Ue Property, and accept the option of offer of such deea.' Confirmation of acceptance W lOSvl OSv7 iol' p°n".ue!'«! f-im'-ted, Manchester, W R. Yorku, Wellington." [A AVellington telegram confirms the above, and adds that the pi ice is about, iMu.OOl).]

NOTES FROM LYELL.

T i „. Lyell, February 19. n ,e?» De manager reports from the Lyell Creek Rictendec Oompany'-s mine for the week as lollows:— We have bsen engaged in putting some seta of timber in the tunnel where required! We have also kept the water in the winze from rising, but now intend to discontinue bailing "

NOTES.FROM AUCKLAND. r. .. , , Aucklano, February 19. Ou the share market to-day the following business was done:—

. , Sales, Sellers. Buyers. Kuranui Caledonian ... 5s fld 5' ti 5' V kuranui ... l s 3d l g -' Sheridan 2s 7d 2 8 2 7 TapuHuke ... ... Mid 10 0 9 lararu Creek fe fj 0 — Victoria ... 3 S Od 3 3 — JNew Zealander ... ... 2M 02i — Four-in-Hand 2s 3d 2 6 2 0 bleat Kapanga ... ... 7id 010 — tr^he May Queen return is *£272 9s from SO loads

NOTES FROM THE THAMES.

_~ . ~',', t«*«ies. February 19. Ihere is a considerable revival in mining in the Ibames district. The Thames-Hauraki deep level shaft has been sunk, timbered, and centred 400 ft Mr Hughes, an English engineer, has arrived to take coarse. Interviewed, he expressed the opinion that gold exists iv the deep levels. He had gained experience of deeo level mining in the Lomstock mine, Nevada, and in Cornwall in the Ualcoath mine. In the Upper Thames mine 3 a revival is expected in the beginning of March. Ifc is reported that Mr Lucas, of the Miners' Union, Thames, will probably be the new mining inspector vice Mr Gow.

There is considerable" dissatisfaction at the action of the Government in stopping prospecting in the Uriwera country. Mr Laing Cruickshank, of London, is offering a reward through his attorney of £100 for a payable reef. The compauy he represents floated Rhodesia for Mr Cecil Rhodes The offer is considered reliable by ihining men here. \

MINING AT AVETHERSTONES. (From Our. Own CoRKKSPONnENT.)

February 15.—There has been little or no alteration in mining matters during the past two weeks. Just enough rain has fallen to keep the supply of water up. The Golden Rise has just sufficient water to keep them working 12 hours a day.' .Their dam is very low.

The survey of Mr J. R. Gascoigne's race is nearly finished. J

The Alexandra Herald states that at a meeting of the Golden Beach Hydraulic Oompany it was resolved to instruct their solicitor to sue the Moa Dredging Company for £500 damages for illegal encroachment on their claim, aad for the removal of an injunction that was placed on them by the Moa.*party, thereby compelling them l»* cease work since the 17th of January. Tbe prospectus 'aPPears ih another column of the Hartley and Riley Beach Dredging Company J™ ca Pltal is to be £5000 (in £1 shares), of which 4800 are offered to the public. It is proposed to place a dredge on the river to work that portion of the famous beach from which Hartley and Riley obtained such a large quantity of gold in the early* days of mining. Tlie brokers are Messw Quick, bmith, and Go. and Messrs Barr Leanaud Co. '