MINING NEWS.

Thames Advertiser, Volume XXVIII, Issue 8367, 2 March 1896, Page 3

MINING NEWS.

MAY QI)EEN. Tho clean up for the month took place on Saturday, and cannot bo considered otherwise than highly satisfactory. 588 loads of general ore and CSOlbs of pickod stouo wero treated at the Company's mill for tho highly profitable return of 5470z of retorted gold. Placing this against tho yiold for the month of January, it will be seen that the lonuago of oro this mouth is 112 loads loss, and the return of gold eclipses tho return for January by GOoz, " Tho following farther London cable has bcon received in Auckland regarding the nhovo mine i— 1 "Tho parent company issuing Saturday (February 29th), May Queon Saturday week, 7th of March. It will ho a groat success." Being interpreted by tho direotors this somewhat enigmationl messogo means that the present Company is a powerful financial syndicate believed to be Anglo-FroDch which was registered on tho 25tb, and tho shares were issued in London on Saturday. Thisis thcsyndicatethatunderwrote the May Queen, and tho prospectus nf tho letter Company is lo bo placed on the London market next Saturday, ARGOSY (Taharu Creek), The various works in this Company's property are proceeding satisfactorily under the able management of Mr J. Govan. The drive upon tho course of the Argosy reof has beon extended fully 100 ft, and throughout that distauco the lode ha 3 shown an average thickness of from (i to 15 inches, whilst colours of frco gold havo also been seen in tho ore. At present tho drivo upon this lode is entering a rather tight description of country, whioh has had the effect of re-, tardin? progress. Tliis tho manaaor is of opinion will not continue, bat will givo place to a more congenial class of sandstone, especially when tho junction of 1 this lodo and tho big reef is to hand. In tho Extondod section of tho company's property tho extension of the crossont has been advanced a distance of folly 80ft through a good class of country. Tho object in driving this level is to intorseot u largo roof unearthed on tho surface, and from which somo oxcollont dish prospects nro obtainable. Iu addition to tho dish prospects, some very satisfactory assay results were also obtained, which leads to the belief that when tho lodo is intersected in the crosscut, which may bo at any foot advanced in this direction, a payablo class of ore will bo to hand.