MINING NEWS. Thames, August 29.

Te Aroha News, Volume VI, Issue 295, 1 September 1888, Page 4

MINING NEWS. Thames, August 29.

TRENTON G.M. COMPANY. The annual general meeting of shareholders in the Company was to have been held yesterday afternoon but lapsed for want of a quorum. The directors' report comprised the following summary of the balance-sheet : —Receipts : Cash balance from last year, £9 Os 9d ; calls received, £1,625 16s 6d ; gold, 104oz ldwt, cold for £280 15s 4d ; tailings, £1 9s 6d ; weatherboard house sold, £4 ; McDermotts deposit, £5 ; bank overdraft, £210 4s 4d: total, £2,136 6s sd. Disbursements : Wages paid, £687 ss ; general mine and other charges, £884 Is 5d ; Moanataiari Extended machinery and pump, £500 ; purchasing contribution to Big Pump, 160 : McDermotts deposit refunded, £5 ; total, £2,136 6s sd. The surplus machinery on hand, gear and pump, for sale, are valued in all at £380. The latter amount will be realised when an opportunity offers ; and with £150 calls yet to come in as against the overdraft, shows a healthy state of finance, while the pquipment and appliances in possession of the company embrace everything on a complete scale. The mine manager's report deals with the mining and other operations of the company during the year.

Cambria. — The mine manager reports under date 28th inst. that the reef in the face of the_ crosscut at No. 4 level is about 20 inches in thickness, and the quartz is kindly-looking for gold. The winze on the No. 6 leader is down a depth of 5 feet. Tho leader is about 6 inches in thickness, and colours of gold were seen through the quartz when breaking down the leader. In several of the stopes colours of srold were seen when breaking then) down. Thirty loads of quartz have been crushed during the week for the return of 82oz amalgam.

Saxox. — The manager has> banked a total of 411oz. 16chvfc. retorted gold. Of this 190oz. lOchvb. were obtained from an interim retorting which took place on Friday last, and the remaining 221 oz, from 2301b of picked stone that have accumulated during the last two months and the amalgam obtained from the general dirt bince ihe interim cleaning 1 up.

Saxon. — Part of the reef on No. 5 level has been broken down. Ib is about one foot thick, canies srood mineral and shows a few coloius of gold. Colours of gold are being seen in the ninth stope on main reef from No. 4 level, sbh stope on No. 1 footwall leader, sth sbope above No. 3 level, and the leading stope on hangingwall reef. 506 pound.s picked stone came from the 3rd stope on Monday. Cleaning up and retorting took place yebterday, for the return of 2210/. retorted gold. For this return 69 loads of general dirt and 2301b. of picked btone were crushed.

Cambhia. —The cross-cut at No. 4 level should hole through to the winze on No 7 leader at any shift".

Cambria. —The crosscut at, No. 4 level has not yet holed through to the winze sunk from No. 3 level on No. 7 leader, but it is hourly expected that communication will bc_ eilectcd. Six men are now employed I diiving on the hangingwall leader at the intermediate level between Nos. 2 and 3, and colours of gold are seen when breaking down the quartz. Colours of the precious metal are also ob?er\ ed in the quartz coming to hand from the stopes on the main reef! Only one bhift h, employed in sinking the winze from No. 3 level on No. 6, level, so that progie&s is necessarily slow. It i.s down sft.

Trkntiw.. — The contractors aro now making much better headway with the sinking of the shaft owing to the improvement in the country.

Prince Imperial. --There fire 17 loads of quar v. on hand, which will be crushed as soon as the Alburnia Cos. parcel has been put through the batten.

! Surprise (Puriri). — The crushing is shaping for an ounce or l'.oz. per ton.

Crawfords Lease.— As mentioned in a former telegram, the purchase by Mr Meyers of Crawfords lease in the Waiobahi Creek, or as ib has been styled, " The Thames Mineral and Prospecting Company's, Special Claim," if? now an accomplished fact, the ' deeds having } been signed by the parties interested. The property is protected by the tor three months, but it is understood that operations will be commenced within the next few "weeks by sinking a ! main shaft in the Waio-Karaka, near the reservoir, from which to carry on work by crosseutting, etc. The appointment of manager will probably be conferred upon Mr Crawford. The property will, ib itunderstood, be placed upon the Melbourne I market by the syndicate.

Nk,\\ Devon. —The shareholders of this licensed holding, which comprises 4i acres and adjoins the New Alburnia Co.'? mine in the JVloanataiari Creek, have decided to once more resume work in this ground by putting in a drive for the junction of the Sons of Freedom and Dixon's reefs, and will prospect both through the Alburnia if the nece&sary permission can be obtained fom that company. The winze that was sunk by a party of tributes from the crosscut from the Eldorado level will be cleaned out, and a crosscut put into the footwall, as good payable stone was got *joing through the reef. It is gratifying to find that work in connection with this valuable property will bhortly be in full operation, as its proximity to the Maoi;ataia*ri tramway and the facilities thus afforded for forwarding quartz to the batteries, together with the fact that it adjoins the Alburnia Co. 's mine, which has yielded such handsome returns of gold, leads us to hope that a return ot prospeiifcy in this locality is in storo within the near future.

New Mamjkau.— The mine manager reports thab Mulligan's leader is looking about the same as last) week, bub ib is expecbed bo impro\e in the nc.\b blope. The dirb being crushed is jusb about payable. Cleaning up will take place bhis week. Tributers : Kerr and party have jusb finished a crushing of nine loads for the splendid return of 950z gold. They had 1071b picked sbonc to back ifc up.