MINING NEWS.

Thames Star, Volume XXIX, Issue 8606, 10 March 1897, Page 4

MINING NEWS.

MOANATAIAEI. [ A vein or small leader, carrying good gold, has been intersected at the 400 ft level in this mine. ; GRAND TRIPLE, The advancement of the drive upon the course of No. 2 reef is being energetically carried on and the lode is now more compact and shows a large quantity of the very best description of minerals, The country also shows an improvement as depth is reached, and the indications so far met -with we highly encouraging. PUEtT CONSOLIDATED. This company m actively continuing the developments upon the Rimu reef at the Nos. 1 and 2 levels with very consistent results. A few holes into the lode at the No. I level proved the ore to be quite consistent in quality, and showing coarse gold freely. The tame lode at the No, 2 level has also shown an improvement of a substantial character, and gold can be seen here pretty strongly. The lode on the whole continues to open up most encouragingly and presents a very healthy appearance.

I (B7 TELEGRAPH—OWN CORRESPONDENT.) Auckland, March 9. TALISMAN EXTENDED. Mr M. A. Philips has secured the option over the Talisman Extended for six months, during which time the development of the property will be carried out by the option holders. SILAS. An extraordinary general meeting of this Company was held yesterday. Resolutions were passed authorising the directors to sell the property, or to amalgamate with adjoining properties, as they might think fit. DORIS. At a meeting of shareholders in the Doris special claim, Cabbage Bay, it was decided to fpnn a company, to be called the Doris Goldraining Company, with a capital of £6,000 in 80,000 shares of Is 6d each. The following j appointments were made:—Directors, Messrs Aickin, Rhodes, Griffin, Allen, and O'Toole ; legal manager, Mr C. P. Hulbert; auditor Mr ArchdaleTayler; solicitors, Messrs Whitaker and Baurae; bankers.. National Bank of New Zealand. The area of the property is 85 acres. WAITAEA. The meeting of shareholders in this Company was adjourned for one month pending the arrival of the scrip from London. It was stated that the managing director, who was bringing the scrip with him, was on his way out. The shareholders expressed their dissatisfaction at the "dillydallying", way in which they were being treated by the London company. | WHAKAMARAMA. At a meeting of shareholders in the Whakamarama Gold Syndicate, Limited, the director's report and balancesheet for the half-year was presented and adopted. The former showed that the syndicate held very extensive options, in large blocks, at Whangamata, Hikutaia, and Wharekawa, and that steps should be taken at an early date to have some of them systematically prospected on behalf of English syndicates. RANGATIRA. At a special meeting of shareholders in the Rangatira Gold Mining Company, Thames, held yesterday, it was resolved, on the motion of Mr A. Wright (Chairman), to seek the cooperation of certain other companies interested in the protection of the claim against the demands of the native ex-owners, who laid claim to the ground, their claims being based on the allegation that the Warden had no jurisdiction over the land, the mining rights of which they held had not been conceded. It wasV'further resolved that a call should be made, in the event of legal proceedings being necessary, in order to defray the costs of the defence. There are said to be several other claims in somewhat similar circumstances to the Rangatira, througli the natives laying claim to the ground, CADMAN. A working option was taken on Saturday by the London New Zealand Finance Corporation over the Cad man special claim Waiorongouai. A deposit of £330 was paid, the terms being for six months, ond at the expiration of that time the vendors are to receive £3,000 cash and 20 000 shares paid up to £1. Vigorous operations are to be commenced at once, and as this is a good property it will doubtless give satisfaction. ST. PATRICK. An extraordinary meeting of St. Patrick Goldmining Company was held this afternoon, Mr Arthur Wright presiding. Resolutions were passed approving that the capital of the company be increased by the issue of 20,000 new shares, of the nominal value of 7d each, in addition to the 100,000 shares of the nominal value of 7d each now existing in the company ; that such 20,000 new shares and 20,000 unallotted shares iv the St. Patrick Company, in all 40,000 shares be transferred to the Golden Crown Goldminiug Company or its nominees in exchange for an assignment by the last-named company to the St. Patrick compauy of the Golden Crown licensed holding and the raiue of the last-named Company, and all rights and privileges in connection with such license and mine. That as further consideration for such 40,000 shares the Golden Crown Company shall pay to the St. Patrick Company all moneys to the credit of the Goldeu Crown after payment of all its debts and liabilities. That the directors of the St. Patrick Company be authorised and empowered ♦o forthwith carry the foregoing re'utions into effect.