MINING.

Otago Daily Times, Issue 13307, 12 June 1905, Page 6

MINING.

The New Halfway Houso dredge resumed operations on Friday. The secretary of the New Fourteen-mile Beach Gold Dredging Company reports a return of 740z 9dwt for 147 hours' dredging, Eierything is working well. The Junction Electric No. 2 dredge has been stopped for three days owing to repairs to the ladder being necessary. Tho secretary of tho Alpine Consols Company reports a return of 290z lOdwt for 180 hours' dredging. The dredgeniivster wired that prospects, were better. N A return of 270z 12dwt is reported from the Golden Gate dredge for last week. The river is falling. Tho First Chance dredgemaster. wired 011 Saturday that he had .recovered 21 of the buckets lost, when tho belt parted. The Now Roxburgh Jubilee dredgemaster reports no wash-up for last week. The dredge was working well, and bottomed 011 dayTho return from the Nugent Wood dredge last week was lOoz Idwt of gold for 130 hours' work. The dredgemaster reports that not oijly were the prospects poor, hut tho clay waa still heavy and burdensome. Tl|e secretary of .the Enterprise Company reports a return of 2oz 13dwt from tho No. 1 dredge, and 330z 14dwt 21gr from the No. 2 dredge for 128 hours' worlt. The No. 1 dredge was working in old ground. The Manuherikia dredgemaster reports washing tip for a return of 1290z as the result of 128 hours' work, lie also wired that there was a hard frost. The Alpine No. 2 dredgemaster wired on Saturday as follows:—"No wash-up; stopped dredge owing to top tumbler shifting; expect to start dredging about Tuesday." The secretary of the Rise and Shine Company reports the following returns for last week:—No. 1 dredge, 320z lOdwt; No. 2 dredge, 220z Gdwt for 136 hours' work. The No. -1 dredgemaster reports a- slight improvement in tho wash'. A sawmill employee whilst making a cutting for a new tram line the other day (savs the Orepuki Advopate) struck what, in the minors'' phrase, appeared to-be "good wash." Tile result is that about a dozen acres are already pegged off. A few shafts have been hurriedly sunk, in some cases without result, ill otliore with good prospects. A Dunedin gentleman now residing in Buenos AyTes in a recent letter states that there is going to. be a, great dredging boom there, arid, in fact, itha3 already commenced. All dredging shares '.are at a high premium, and any placed on the.market are immediately taken up. The latest dredging company to be placed on the market is one with a capital of £00,000, and all shares were subscribed for long before the prospectus was issued. Messrs John M'Gregor and Walter Cntten and several' dredgemen arrived there recently, and the dredgemen left immediately for the different dredging - fields, where they will be engaged in the erection of the dredge?, some of which are expected to start 111 October or November next.