THE WEEK'S MINING NEWS.

Otago Witness, Issue 2299, 24 March 1898, Page 20

THE WEEK'S MINING NEWS.

A correspondent writes from Opair :—: — ' A local company Home little time ago rook up a dredging claim of 100 acrts in Thompsons Gorge (adioining the ricbeit claims in Mitakanui), which, after pro p cting, I learn on good authoiiiy gavd sgv to tha ton ir^m top to b >ttom. The results are coijsideied highly satisfactory, and there is every probability of a company being formed at once to put. on a suitable diedge." A Neitiun telegram says that an assay of Slli of st.'ne t-iken from übe reef litely struck in the Pioneer Company's claim on i\ii:apu Blork, West WdUfra-uii, yielded «.t the rate of Hoz lOdwt to tb<* 'on. The Cromwell Argus leports : " Ths No 2 Electric dredge is> s<<iri to be on good gold again. The rumoured return for the week ending Saturday last was £100!). We give tbe news f^r what it is worth. The No. 1 dredge, which up to within a few days ago was r.ot paving ' txs ,' is now 2aid to have got oij a good run." An a 4a 4 say of SI" ■ of stone taken from, the reef lat.t-ly struck in Pioneer Company's claim on Taitapu Block, West Wan»anui, yielded at the rate of ll oz lOclwt to the ton. The Mount Ira Chronicle stales that the Kyo burn dredge ia at p esent stopped for the purpose of eftVci ing certain necessary Alterations. It has been found that the gnid-savine appliances are so faulty tba' considerable quantities of the precious luetil were going over the ride with the taili&gs. A first ca.il of 2d per share in the Shotover Quar z Mining Company (No Liability) has been M> F. Pirctor leports the successful flotation of LlieEnterprise Gully Dredging Company (Limited). The claim is situate close to Naseby. Further lefrurns to hand brtcg ihe value of the total output of g'-ld in Auckland for ths month of February to £3i,C9.>. Mr A. J. O. Brown, secretary of the Skippers Sluicing Company, j-epmts that the first w«sh-up has taken place for The secretary of the Clyde Dredging Company (Milliters) reports a yield of 230z for lnsfc four days. The nver is 3ft fKn above normal level. The dredge shut down yesterday morciiig to enable the hands to come to town for Jubilee v\ eek. The !>unedin Gold Dredging Company obtained ICoz gold for las'", week. The JJunedin Stock Exchange report the following returns for last week :-Otago Dredging Company, 270z ; Golden Trea&ur-', l-'toz for five days. The J ltlicd Mat (Waipoii) Gold Mining Company (Limited) obtained list week 14oz 17dwt of gol'J for 144 hour>>' wages time, 137 hours' actual dredgiog. The dredge has stopped for Jubilee Meek.