MINING NEWS.

Thames Advertiser, Volume XXIX, Issue 9295, 10 March 1899, Page 3

MINING NEWS.

(By Telegraph—Own Correspondent.) Auckland, March 9. SHAR&MAtiKEL There has beeu a tendency to pick up some ot the small priced Coromaudel uiiuiug bhares during the last day or iwo, :iih probable cause ot which is mat various rumors are afloat as to tuu probable amalgamation ot some of me properties, wmie tae prospects m inner mines are a little mure prumis* lug. Hauiaki No 2 were wanted at 7a, and Zealauuias at 3id, while ousiuess was recorded in Hauraki Aosuciawus tit 4j," aud Bunker's Hi'ls *<„ Is. 7il. tireat Barrier tfold and Oliver sold at 3s. Ihe ouly sale in imames shares was in Manara Rjyals ai 2s id, but buyeis were only offering la lid at me cwse, witn seueis at 2a za. lu Hiaudtirii stocks exchanges tvure made in National Ins'lrauce at i7a 3d, i'aiiuerston Norm Gas at 65a tfa, und JtUpuVi'aupiii Goal at 7s 3d. Txubj xaLIomAjN JiXiENDM) Saliu. There was a large attendance of auatbUuldoiS at the meeting of the iaiioinau Extended G.Ax. Uo., to con oiutir whecner mo matter of the sale of mo company's property for tiOOC iaiisiD.au to.'s shurns should be gone iiiLu further, as Mr Elliott, who aegoiia'.ed the sale, received Su(JO suai'es from mo laiismau Company for me property. After considerable discussion, a ci'ininitke was appointed lo enquire into the whole of the feaiures of the said, and, if they uonoiuered Mr Elliott was only an agout ia lilt) waiter, and only eutitlel iu an ageat's couiwusiou, to carry the matter to uiurc if necessary. BKUftEN HILL (Waiomo.) A Glasgow syndicate has taken an option over tne Broken Hill (Waiomo), it being pi\ipused, u tne syndicate is sausheu witu the property, to form a nuvv company ui IUO,UUO shares of £1, or wniuu i.at> present snareiioldera win receive 30,u0d, wniie' a working capival ui aiiUjOUu is to be provided. ,' OCCIDENTAL The manager reports; "Driving operations on the liangingwall of tho Hague-Smith reef, JNoi'th star section, are being proceeded with. There ;s no change in the nature of the country penetrated to chronicle, it still being of a good description for th.) existence of gold, 'ihe reef, which averages Ift in thickness, is. still a little spilt up, but during the last day or two has been more detined than formerly. . The quartz is heavily mineralised, with a quantity oi silica and specks of stratamata distributed tnrough it." ALPHA. The manager reports: "In the rise from JNo. (j level a distance ol lciit has been done lor tiie week, 'ihe reef has improved both in size and quality siuce.the hangingwall leader joined the reei; and as tae better class of ore and good country is dipping .'fast hillj ward?, we shall have an improvement in the reef when the level is advanced 4notner 30ft. The other works have l>c.'n / 3Ltmg cribbing, starting quarts passes, etc." BUNKER'S HILL.. The manager reports: "iNo. 1 stope has been extended a total distance of 87ft during the week, We have been working upon the leader going off in the footwail, from which we have secured strong blotches of gold, and this could be almost. classified with picked stone. The leader .is small, but carries a well-defined wall, and gives promise of permanency.- No. 2 stope has been advanced 28ft. Here, also, the leader has shown nice gold. Fron. iNo. 3 stope about 2 pounds of stoni have been bagged, and the leader n making more compact as tho face ad vances. The contractors have driver the surface tunnel a further distanc; of 27ft. On Saturday a leader wui cut carrying silica and heavy minerals, but exposed no gold. The country continues favorable,"

HAURAKI. NO. 2. The manager reports: "The driv has been extended another 7lt, the reef is from 15 to 18 inches thick going through a splendid class oi mii. eralised country, full of mineral seamt and quartz veins. A flinty 2 inche thick was cut striking through th; reef.' I got a prospect of coarse gok from a quartz vein I|"inches thick striking from' the reef, which nugui\ well for the reef when'l break it down This is the first gold seen since wow was started. I believe we are on thf eve of getting something good. I wil! break down the reef early next week and expect to get gold from the indi cations in view., ; ,