Reefton Mining Notes.

Otago Witness, Issue 1950, 4 April 1889, Page 13

Reefton Mining Notes.

(From Our Own Correspondent.) Reefton, March 29. Wealth of Nations.— Work on the newly i found block of stone has not so far borne out I the good anticipations formed, the quartz proving .somewhat broken. There is consequently a slight decline in the price of shares, and the demand has eased off. March 31. The following are the battery returns for the past week :— Keep-it-Dark, 6600z amalgam from 144 tons; Globe, 4340z amalgam from 125 ton s; Sir Francis Drake, 78oz amalgam for the week ; Big River Extended, 2620z. amalgam from 90 tons ; Reform, 260z gold from 56 tons of stone. Big River Extended.— The mine manager reports :— " From 90 tons of stone crashed I got from the top plates 2500z 13dwt and from the berdans 12oz amalgam. The stone is making in the stopes, coming south over the level reef 3ft thick. ,1 intend starting three shifts extending the level north on Monday morning. We have been timbering up the main level this week. I will keep the battery going full time next tieek if possible. We had two stoppages this week through the old belting breaking. The new one will be on next week." Globe.— The mine manager reports :— " During the month the west reef has been timbered up to the face. The reef is sft in width, with very good gold in ifc. As soon aa the drive is in far enough we Will start stoping. There is a nice little reef in the bottom level No. 2 going east. It is 4ft in the face, and. has the appearance of making larger as it goes up. In- No, Ilevel the reef is 4ft 6in, and opening on the hanging wall. The length driven on the reef is 168 ft. The stopes are all looking well. The battery returns for the month (four weeks) give 3340z of retorted gold -from 615 tons. Several • days' crushing were lost owing to delay in fixing j the new rope on the aerial tram line." , ! - Keep-it-Park.^-rThe general cleaning up took I

place to-day, the five weeks' crashing yielding 6240z of retorted gold from 868 tons. The directors will meet on Monday next for the parpose of declaring the usual dividend. Reform. — The return of 2Qoz of gold from 56 tons from the, crushing not being payable, work has been discontinued for the present. April 2. Keep-it-Dark.--A dividend of Is 6d per share has been declared, and will, be payable on and after Thursday next. , ••"".. Golden Treasure.— Owißg to a reported improvement in the appearance of the mine, these shares are on the move to-night at from 2s 9d to 3s. Otherwise matters are quiet.