MINING NEWS.

Thames Advertiser, Volume XXVIII, Issue 8618, 23 December 1896, Page 3

MINING NEWS.

(By Our Special Reporter.) MATA REEFS. Good headway is being madp wi h ho prospering crossont, which continues to pass through a kindly class of country. BOSS (Puru). The reef in tho No. 2 level is becoming mora compact as tho drive advances upon its course, and it is oneasod in two definod walls. Tho full width of th» quartz body measures oft, containum favorablo minerals, and on (lie whole it looks very promising. MANCHESTER (Karaka). Tho low level crosscut now in full operation for tho purposo of intense ting the moin reef, is passing through n splendid class of country for uold. Dminn tho past week iho crossr-nt wak advanced a further length of 18 feet, This connot bo considered otherwise than good progress, and whilst! such aiato continues the roef should bo to hand ear'y. EAGLBHAWE (Tarahu).

Work on this company's property' was oommcncod in thi beginning of the lastweek. It will bo for the present cotifintd to'lio development of the Syviu Jofje, which paasos through Iho mino on i<s north course. Very many yi ars ago the late Mr G. Harconrt opened up this loJo a', its outcrop, ond irea od several lodh of the ore, which yhlded ovi'i one oun- e to the ton, but tit th»t period no fnrilw work wns d"no noon tho quar'z lede owingto'heheavyexpenseintransmitti g tbooio/or troiUmont. Sover«l tarcels of tho ore which ba<o been subjecto I to assay havo ciron results from £4 to £10, and tho coropiny intend driving upon the reef and hiving a I uHc trst hi oken out for treatment. 'Ihce aro other lodes travorsind the properly, which Imvo also reoeived'.Mention, and from which very encouraging results havo b eu obtuined by asßay..

(By Tolograph.—Own Correspondent.) Auckland, Decembor 22, KAPAI-VERMONT. Tho Kapoi-Vermont have cleared up for2!Bozs, the product of 198 tons. rOEK AND ZONE, At a meetings of shareholders which took place yesterday in both those companies resolutions were adoptoed author* ising the directors to dispose of tho company's proporty. DON OF WAIHT.. Shareholders in this company mot yesterday, and the action of the directors in executing power of attorney was con* firmed, and the Board was empowered to sell or otherwise dispose of the property, ' EDWIN NORMAN, A meetlne of shareholders in the above syndisate was held yesterday, in the offioo of Mr A, B, Millar, Victoria Arcade. Mr Younghosband presided. It was rosolved thattho syndicate be wound np. The new shares'will be ready for ullo - merit by Wednesday next. The old shareholders will receive 250 one pound sharos for cvory syndicate share.

WAITEKAURIJUNCTION. A meeting of directors of the Wnitohnri Junction Goldmining Company was held this morning when Messrs J. J. Philips and Co. were instructed t) in • specttko propeity and mnko a suopml icporc, It is understood that some important developments liavo taken pi *c • in connection with the propTty. ('a, • tain Hodge and Mr lOrsoy Cooper arc acting for the sale of this proporty in London,