MINING.

Otago Daily Times, Issue 11506, 19 August 1899, Page 5

MINING.

The directors of the Jlatau Company yesterday declared a- dividend of 4s per share, payable next Tuesday. The reserve fund was increased, and now stands at £200. • Tho secretary oi the Inch Valley Dredging Company reports that after a thorough overlaid the dredge resumed work on Thursday/ It is unlikely that, there will bo a wash up until nest .v.-cek. The recrelary of the Golden Terrace Dredging Company teaorts a return for the week endirJ' Thursday of 170/. 'Jrtwt gold. Til" directors of th» Alpine No. 2, Alpine Coupcls, and Central Electric Gold Dredging Ccnrpanirs are. having connected with pushed*well" forward, so that next March should see them all at work. The tenders for the pontoons close on Holiday next, whilst the nrcossary engines, etc., have been ordered from Home.

Mr Roberts, -the engineer for the Halfway. Houic Dredging Company, slates that he has tho ploiid for t?ie dredge nearly completed. The eu^ino lias been ordered from Homo. Next Jtsuch should see this dredgo at work.

The Lake County Press states that Kelly's party r;ot 100o>: for oko week's work on the Shofovei-,. above Arthur's Point. This is only one of tiie many obtained during the winter, and on reliable information wo arc informed that another parly are setting it thick and fast by the primitive "method of sluicing. "The Bengcr Burn dredge is now getting fair' returns, and of Into Mr Patrick has reason to ''" •.-aliened with his venture—Mount Senger Mail. - ' : . •it ilio end of last week (writes the correspondent of the Alexandra Herald) Mr J. Milne, accompanied, I believe, by some other Alexandra gentlemen, pc^qsd 'off some 300 ncrea at Island Block. A CU-acre claim on the Molyneu>:, commencing at tho Island Block Company's pipeline, and thence northward, has boon pepped off, and Mr H. Craig has taken up a mile of the river at Coal Creek,, commencing at the northern boundary of Mr J, O. Mathews's ppecici! claim. The eorniiany is to be known as the Menitau.

The Otago. Gold Prospecting, Dredging, and Mining Association (Limited) has been duly registered. The association is calling for applications for the position of prospecting superintendent, and is also negotiating with gentlemen of high standing in the mining profession to act as the association's experts. .We are in-, formed that the association have numerous offers of dredging and other mining properties.

A EECOED DKEDGING KETUEN..

NEARLY EIGHT HUNDRED OUNCES,

The Hartley and Riley Beach Dredging Company (Limited) washed up yesterday for a return of 7S6oz lOdwt of gold for a.. week's dredging.

The manager reports tliat the return will not be so good next week, as four or fivo hour 3 daily will be required to take off and put on. buckets undergoing repairs. The return this week is a record, the previous! best return for one week being the Electric Company's dredge, with. 6580z lOdwt for five days. ' '

SHOTOVER QUARTZ MINING COMPANY

(NO LIABILITY). Mr S. E. Brent supplies the following extract from the mine inan&^er's report:—Machine level extended Bft lor,the week; total length, SOjtt. Ground became very bard since last report. Stone did not make "down into level, bub keeps along ia the roof, though very narrow.

THE VINCENT EXTENDED GOLD • DREDGING COMPANY (LIMITED).

A meeting of shareholders of tho above com* pr.uy was held at the office of tho company, "V'ogel street, last evening, Mr George Knojc presiding. It was resolved that the capital of the company -be increased to £3500 by the. creation'of 1500 new shares of £1 each. One thousand of the new issue to be offered pro rata to the present shareholders, and the, bali'.nco of 600 to be: held in reserve.

SHOTOVER GOLD DREDGING COMPANY 7

The interim secretary ol the Sbotover Gold Dredging, Company reports that shares, are being taken Up rapidly, and the list will closa shortly. A large number of applications have been received from 'Qucenstown and district from those who know the ground. The reports, of experts who know the claim, are all of [a favourable nature. . !:

HARTLEY & RILEY GOLD DREDGINQi COMPANY. '■:':■■?<

TO TIIE EEITOE. . ■■...' '<:• Sib,—The following local from the Cromwell \ Argus, of 16th August, may be of interest just now:—" Reports have been current in. towa since Friday's wash-up,' that the Hartley mifl. Riley is getting it thick and heavy, and a ricord return is expected. But wlin knows?;. Nobody but the dredgemaster and the Dunediii'' shareholders." . ; V...

Mr J. C. Cameron, in Ms letter in ..tliis morning's Times, supports my contention thiit. rji turns should be published immediately when received. Ido not think there is very much, in the directors' idea of waiting for confirms!*/ tion by letter. The notice could be made to saj'*that tie dredgemaster wired return of so and so, and it would be understood that figures, might be subject to alteration when letter ad; vices arrived. Returns have frequently been published when some of the figures could riot possibly have been confirmed by letter, and tho shorter the interval before publication the less1 opportunity for leakage. ' i 'What caused me to write my former letter was this: On Monday evening I was told by a friend that Saturday's return was lGioz. 13.ii had it from a man connected with a business house, of which one of the heads is a director oJ this company.—l am, etc., ;

Shabeholder. ;;

August 17.

NOTES FROM LYELL.

'{From Our Own Cokkesi'COTient.) LYELL, August 18. . The following is the mine manager's rs», port:— ' ..■;'.■ Alpine.—The No. 8 level has been turned into the footwall for a distance of Oft, but the stone met further back'in the level hr.s not yet been struck. Stoping has been steadily carried on above No. 10 level, the reef being from 2ft to <tft in width. A small quantity of stone haa also been won from the reef farther to tha north. The width of stone is about -ift, and at times gold can be seen in it. Stoping has alsobeen. progressing eidovo x-uo liortli extension of, No. 11 level. The reef varies in width from 3ft to Bft, some of which is of fair quality. In No. 3 stope, where the reef last week was reported to be broken, tho stone has made in the footwall, and there are now Gft of clean stone here. Tho leading stope has also been taken alongnorth of the connecting uprise. The reef hera is a bout, Sit wide, but does1 not live oo^7H "to tho top of the level below. The norti-extension o£ No. ai level has been driven ntfead with four men, and the distance north of the connecting uprise is now 62ft. Tho track of reef is 3ft. wide, and tho leaders mentioned in. the last report have been run.out, but another body o£ stone, Sin wide, containing a little gold, is making in the face. The quantity of stone sent to tho battery is 235 tons, and tho scraping of top plates yielded HOoz amalgam from 235 tons ."£ stone.