MINING NOTES. Intercolonial.

Te Aroha News, Volume IV, Issue 205, 28 May 1887, Page 2

MINING NOTES. Intercolonial.

I A Charters Towers telegram of April 19 states that the Victory Company had crushed 450 tons of stone hv a yield of 1G630z gold. Advices from Teetulpa dated April 10 say : — The " plum" of the week has been a very rich but unostentatious cement specimen weighing 16^oz (avoirdupois), from which on crushing lloz of gold were obtained. This, in com- \ pany with two or three lesser pieces of similar character, was found at the npper end of Ironclad Gully, a shallow feeder joining the southern end of Brady's from the eastern slope. The run of gold being comparatively narrow, and only averaging about 2ft below the surface, this ravine — it could hardly be lermed a gully — will soon be worked out. At Gympie (Queensland) the quantity of stove crushed during March was 5993 tons Bcwt, and tho yield was 74500z 17dwtgold smelted — an average of nearly loz s<!wt per ton. The dividends paid aggregated £16,600, the following being the contributing companies : — Great Eastern 6s per share, equal to £7200 j Golden Crown 5s per share, or £5000 ; Nos. 3 and 4 Ncrtli Glanmire Is per share, or £2400 ; No. 1 North Phoenix 2s, or £2000. The Mount Morgan Gold-mining Company (Limited) has declared a dividend of £50,000, being equal to Is per share. The erection of the new

crashing and chlorination plant is being pushed rapidly forward ; anil on its completion from 1500 to 1700 lons of stone will be treated weekly. The Great Eastern Company at Gympie obhiin-.'d 21G70z #old from 36*0 tons on the 13th April. A dividend of 5s per sWe absorbing £0000, was declared. No. 1 North Gl an mi re, from the same line of reef, had obtained 389 ounces from 145 tons of stone ; and the Golden Crown Comrany 7920z from 460 tons. A two shilling dividend was declaicd in the latter company, absorbing £2000. During March 5971 tons of stone were crashed on the Gympie Held for a yield of 75450z. No less than £16,000 \vas distributed in dividends during the month. The statistics Tor the quarter ending March 31, 1887, were: Tons crushed, 25,595 ; yield, 26,73G0z JO'hvt; cnlls, £19,750 3s Id; dividends, £57,575.