MINING NEWS.

Thames Star, Volume XXIX, Issue 8612, 17 March 1897, Page 4

MINING NEWS.

(By Our Special Keporter.)

VICTORIA.

The manager of this mine banked 7ozs sdwts of melted gold valued at £20 Cs which had accrued from the balance of the blanketing left over from the crushing last week. This therefore, when added to the 175 ozs 3dwts banked last week, brings the total return from the crushing of 140 loads up to 182ozs Bdwts, and its value horn £490 10s up to £510 16s.

PUniJ CONSOLIDATED. Good progress has been made with the advancement of tbe drives upon the course of the reef at Nos 1 and 2 levels. At the latter point of development the quartz body has thickened out to 4ft and shows colors of gold distributed through the quartz. At No 1 level an improved class of ore. is coming to hand and there is now a stretch of over 300 feet opened up on the line of pay ore.

GBAND TKIPLE. During the past week the drive upon the course of No 2 reef has been steadily pushed ahead. A much firmer class of country has been entered upon which has had the effect of pinching the lode from 3ft to 16inches, but this the manager is of opinion is only a local feature, and that as the works advances he thinks this lode will junction with another large lode recently discovered in a superior channel of country. Both lodes are highly mineralised, and their association should resultin something above the ordinary.

Auckland, March 16. JUNO. Mr D. G. MacDonnell has received the following wire from the mine manager of the Juno:—" When breaking down" to-day obtained 6lbs of specimens from leading stope north and 4lbs from stope south ; faces looking well.' ALEXANDEA. A meeting of the shareholders in the Alexandra Gold Mining Company, was held yesterday afternoon, Mr I. Alexander presiding. After some discussion relative to the finances of the company it was decided by a section of the shareholders to take over the liabilities and continue the working of the company.

STAR OF TOKATEA. cablegram has been received ask- ' mg> m tne part o f a strong fi rm j n q^^c^ f or a two mouths' extension of tion in the above propert y. The * OUB opt , ion had been granted contingent on the Greenock firm sending blegram by March uth statin ° whethe / t hey w J uld entertain the pro- } j* g j therefore, they v «»»««• in mind stlll have the m&ttevm mmaGOLD PROSPECTING AT KAIHU. TheHerald'sDargavillecorrespondent writes :~ Prospecting has been going O n in this neighbourhood for some time, witllj j understand, fairly good results. Excellent indications of gold have been

come across, but of this more anon. A valuable find of rich ironstone, of almost unlimited extent, I am informed, has also been found, and at no very great distance from the railway. MINING AT TE AROHA. By yesterday's mail, Messrs Basley and Bruce, barristers and patent agents aud who have the Rev. J. Campbell's letters patent for his treatment of ores in hand, received advices that the gentleman named had formed the Montezrnna and Mount Morgan properties, at Te Aroha into a company of 60,000 shares, with £10,000 working capital, and 10,000 shares reserved for a like purpose, should it be required. The Rev. J. Campbell is also forming a company to work his patented hyperphoric process, and the capital of this will probably be £500,000. '.The machinery for the Montezuma and Mount Morgan is under order, and Mr Campbell expects to be treating the ore there in November next. He states that by uniting with another process he has the most perfect furnace and ore treating method in the world, the cost for treating and amalgamating being only 5s per ton, inclusive, the saving being 85 per cent, assay value. Cable advices supplement this with the information that Mr Campbell has successfully placed the Silver King, also at Te Aroha.