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Mining News.

I KURAmJI-aVLEiDONTA^. j Sixty-one loads and 74 pounds o picked stone for I7oozs sdwts meltec gold, valued at £460 3s Id- Of this amount 41 loads were quartz and 2( loads of mullock. 'Wh.itley and part) crushed two loads and 1 libs of picked stone fromi a small lead 90ft below No. 3 level for 3oozs lGdwts, valuec at £95 las 3d. This is one of th( small leads'^wbich must drop on t< the Cambria reef about No- 4 level- ! THE! SAXON MINE,The level to' connect with the crosscut from- the Exchange shaft has beer continued, and! it is believed thai . though they are now through, the country is "spent"—that is the faces ; are past one another, but that the) may be a little apart. Wheni tlw necessary connection is made the crosscut will be 177 ft. from the surface, giving; 130 ft of backs. This will enable a splendid blocks to be opened aip, and should give- the company a. good return: for the dead wort that has been carried outI THE VICTORIA; MINE. i In thef*above mine the work in progress is the tarrying 1 on of sto-ping operationsl on the Mariners lode iron: ; No- 2 level- The manager in his last report to the directors states thai there are no noticeable changes ml the country or reef. In the first slope the reef maintains its: usual size, one 'to two feet, but in the second stopc it- is a, little pinched owing, to' asoff clay seam. They have commenced tc rise at the back, of Nd- 2 stope to ascertain if the reef will open out as the reef ascendsi- Yesterday it was reported that good gold bearing quartz had been met with, and share* firmed in consequence. Our" representative saw Mi- T. M'oyle, mine manager, with! reference to the- report, and was informed that there was no traith in the statement- Mr Moyle wasl very rniuie-hi displeased) at unofficial and incorrect reports as to operations in the mine should be circulated, and deprecates the tendency on the part of the public to run. >up the value of shares at the slightest proYOcutiou-

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/THS19041101.2.30

Bibliographic details

Thames Star, Volume XXXXI, Issue 10454, 1 November 1904, Page 4

Word Count
358

Mining News. Thames Star, Volume XXXXI, Issue 10454, 1 November 1904, Page 4

Mining News. Thames Star, Volume XXXXI, Issue 10454, 1 November 1904, Page 4

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