Notes from Greymonth

Otago Witness, Issue 2691, 11 October 1905, Page 28

Notes from Greymonth

iFrom Qvb. Own Co-respondent.) GRIuYJIOUiH, October 4. A meeting of tns Rsehon Syndicate, whicli hoids the lease oi the first prospecting area, taken up on the Wil perforce reefs, was held in Jieetton week, at which, it was decided to foirn a pnbuc company to develop and work the syndicate lease. The proposecli capital of the company has not been definitely settled, but a prospectus will be issued about the end. of the present month. In foui months' time ii is consideied that dray traffic will bs possible to the battery site. The gold export last month was 11,2290z, valued at i&)44,'j50. The tnbutors of the Montezuma dredge have struck good gold, and there is a pfospect of a, favourable run. The iteep It Dark Company got 6070z odwt for the iast month's work. Operations have been resumed at the Ulster mine, and the manager is now engaged driving on stone showing payable goid'. The Slat Hut dredge washed up yesterday with 18oz lOdwt for 115 hours. The Cornwall dredge, now being run by tribucers, is on good gold- The machine is at present, however, idle througa a nushap to the machinery. October S. In the share market Pactoluses are rirmly held. £2 5s is on offer, but xocal Jiolders, haviug great, iaioii in tne c^ib, will not ..eft at that price. BignoJ's No Towns are on offer at 10s 6d, but; no transactions are recorded. Blackwater Rivers aro firmly heid at 3a premium, which price is not tempting enough ior ioca* sh&renoiders, vrao nave yreiut confidence in the claim. It is confidently anticipated that when the machine resumes 60oz lo 70oz returns will be got. No Town f Creeks remain steady at 20s, and are not " likely to alter till the prospects of No. 2's cpeiMitions aa'e aefiriteiy asceii. lined. Tixe Kirwan's Reward Company had to oease crushing for a rew aa.y& m coasa^ueoioe of tho shaft to the aeriai traniway vermimfi being broken A shaft is bemg procured from tner JsapAich Foundry Company, which is instructed to use every effort to get the work out of hand as speedily as possible.' The work of repairing the machinery, and. erecting new poppet aeacls an the Jiiaeis.wa.tsir. R.iver dredge is proceeding apaoe. As putting

in new poppet .heads is a task of some iL'agnitucJc, it is pTobable operations may m>\ be resumed for some weeks yet. With t-be exception of the Pacto-iiis Ccmpaaiy's the returns for last week are rather on the poor side, yields under 20oz forming a majority on the list. The Pactcuus No. 1 dredge got 550z 4dwt and the No. 2 diedge 1270z sdwfc for 134 hoars. i\>o material alteration has taken place since last report. The two crredges last week reached the top boundary of No. 1 claim, and are now operating at the bottom of No. 2 claim on. a faos absut 10 chains -wide, leaving a laxge strip of ground on either side, which the dredges will work en the return cut. 16 will take about two years to reach the top boundary, and, c.s the ground was proved by the- Nelson Creek dredge when operations ware first started, and excellent returns were obtained oii tba nor^Ji aiu v.hsi by lh« Janucson Eeward, and on the southern by the Pactoius | dredges themse.ves, excellent average returns j should be obtained throughout. The Jamxeson's Rewiira daredge obtained 370z. Nothing illustraies the patchy nature of tliia company's ground better than the last few weeks' returns. One week the lead (which whenever struck is a thick on© carrying good gold) v/ill be worked, while for lha next few days silt will be struck, and the return correspondingly decrease. The No. Town Creek No. 1 dredge got 30oz. Sorce trouble is experienced with timber, out tho prospects on the whole are very good. No. 2 machine got but 7oz, the small yields being explained by the fact that the ground is very deep and of a heavy nature* Tho Ca'.laghan's Greek dredge secured 20oz for 131 bc-uxa. The wash fell off considerably during the week, but this is only regarded' as temporary. The Greenstone Three-mile dredge obtained i6oa. Of late there appears to be a tendency to a change in the ground, there nc-t being so many large bou'doxs in it. though it still taxes the machinery a good deal. The master seems very hopeful of improved yields being obtained in the near future* The New Trafalgar dredge got lloz. The wash, which shows signs of improvement, is about 25ft deep, with a good reef on the bottom. The Bignell's No Town dredge washed no loc-3 6awt. The wash still remains very ti«mt while trouble was also experienced with submerged timber. The Raeves's Proprietary got 260z Carrot irom the two dredges. The prospects of No. 1 dredge are rather poor, but tb-s No 2 dredge, win oh last week only worked about fonj- days, is on ground vorth about 250z for an uninterrupted week's run. The Greenstone Junction dredge was en=» ga |^ skiing out the paddock. The machinery of the Golden United dreago is ready for shipment to Austral by tho .f ukaki on Monday. By tihe Kcfcuku portion of the Grey Eiver dredge, sold to Mr Tewtobury, was shipped. Mr H. Dowiue will accompany the plant to Victoria, where he h0.,3 accepted a lucrative position in connection with tihe Ophir dredging claim. Tt is reported that one of Dr Bell's gseGraphical survey parties have discovered a gold-boanng rcoi of considerable thickness in the direction of the Wllberforco reefs an<3 within a lew miles of the extreme end of the Siveu-mile Track, Taipo. The Alpine Company's mino inanpger iep<,its:—The intermediate has been extended north 3ft, maJring the tola! distance 27ft. Thc-rt is 2il 6in of stono m the face of tizo drive. I am rising for the atope on the hanging wall stone, which is 4ft wide-.