MINING NEWS,

Thames Advertiser, Volume XXIX, Issue 9061, 9 June 1898, Page 3

MINING NEWS,

TALISMAN.

This company has for some time (writes the Star's correspondent) been pushing ahead with development work with the object of opening up their mine in the Bonanza section, which lies to the south of the Talisman claim. A considerable amount of prospecting was done here under the direction of Mr Golds.worfchy, who discovered the outorop of a lode which from its situation and the character of the stone he deemed must be the continuation of the Talisman lode. This outcrop was traced to the end of the claim nearest the Talisman, and a cross out was then started from the No. 4 level southward for the purpose of intersecting this reef. The lode was met at the anticipated point and has now been driven on southward 58ft, showing a compact, well defined body of stone about 3ft wide, and carrying a payable percentage of bullion. The country encash) g tlie reef is first-class and 300 ft of backs

are available on the lode at the point 1 of its intersection, whilst somo dis- 1 tance southward the backs increase ' to about 600 feet. This is of course a most important . development < for the Talisman Company as it clearly ; ■shows they possess home 1,500 feet in i length of the Talisman lode in their Bonanza section, on which no work has yet been done A cross-cut from : the No. 3,-level above No, 4 is now <■ being pushed'ahead to intersect the lode at that Je'vel, while similar cross- • cuts from No. 5 and 6 levels will shortly fallow, thus opening up a very extensive;stretch of.reef. This discovery must be held to have quite altered the'life and prospects of the Talisman Company, and if the lode maintains its value at deeper- levels (of which there is no great doubt) the company should have a long and prosperous career before it. At the No, 7 level cross cut, which has been stopped

for some tune, work was resumed th's morning and the '250 feet between the i face ami the lode will be diminished as rapidly as possible. This cross-cut is at present in 500 feet, and is 114 feet below No, 6 level. _ At No. 6 level driving on the reef is in progress and also Btoping, the average width of the lode at this level being 5 feet, though in some parts widening out to 8 feet. , At No. 6 level two large sections cfreef , are being opened up north and south > ot the No. i winze, the lode being in | both sections of good payable quality,' 1 and averaging 4 feet wide. The battery 'is again running the lull complement | of stamps and uo further shortage of t water shtfuld occur before next Christ-

WHANGAMATA FliOPlliyTAßi'

Tbe above ciupauy.:.-invUe tenders I for driving IW toet at the north oud ■of No. 2 tunnel, und 100 feet at th< 'south end of No. 2 tunnel on the emu Ipany'a line of water race. Tender* are to state specifically for which drive they tender. Specifications can be sueii at the company's office, Wbangamatn Tenders will eloae at noun on tho ,20th inst. at the general manager's office, Auckland, and at the company's office, Whangamata.

' WAIHI GRAND JUNCTION. ' The first consignment of machinery for the Grand Junction Company's main shaft arrived at the Paeroa Wharf yesterday, per s.s. Taniwha, and the balance will immedialelj follow. This machinery is of the most powerful description, and, when erected, will enable the company to cope with the water difficulty, and proceed with the development work at the bottom of the main shaft.