MINING NEWS.
(By Our Special- Reporter.)
PURU CONSOLIDATEDDuring the week Mr Ja*. p ar k, inspecting engineer for the Anglo-Continenta Company, visited the above property in the interest of the Company he is representing. After a thorough inspection of the various developments, M r p, U |j cx . pressed himself as being highly pleastd with the prospects of the mine and its acquirement-. We understand that the Cooper's Bxplori g Company, of England, have paid 1:500 deposit, being tbe first instalment of ■ £IGOO, and that half that' option has been off-red to the Anglo Company, us Mr Park holds a high opinion of the properly. There is no d<»ubt about bin pc pie payii g tbe oiher £500 for the four nv-nths option. With two auch powerful syndicates the Puru Consolidated should be made a hi ge success in its flotaion.
HAZELBANK, The developments in this mine are beina actively and systematically pu hed forward, but these are at present confined lo the No. 1 Itvel. It is, however, anticipated that instructions will be received by the manager to proceed with the contemplated development? on the deeper level*. Sa far Mr Paul has proved himself to be a very able manager, siuce he has successfully opened up a bock of ground at a point where the lodes were con idered of poor valuta The block nferied to is that being opened up on the junction of Darby's reef and cross-!ode. Here on the long rise being earned ap, the lodis have thickened to f tally 18 inches, and to far gold has been very freely seen, whilst a few pounds of picked stone are occasionally coming to hand. In conjunction with this work, tbe otosscutinto Kelly'd section to intersect the No. 9 rerf, is being steadily advanced. At present a very hard class of rock is being passed through, which makes progress slow. What extent there is of this rock is not as yet known ; probably.* few feet at the outside may see tbe worst of it. However, Mr Paul views the intersection of tbe No. 9 level and its surroundings as one of importance, and there is a reasonable probability of something of a payable character awaiting development here.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THS18960627.2.22
Bibliographic details
Thames Star, Volume XXVIII, Issue 8389, 27 June 1896, Page 2
Word Count
370MINING NEWS. Thames Star, Volume XXVIII, Issue 8389, 27 June 1896, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.