MINING NEWS.

Wanganui Herald, Volume XXX, Issue 8987, 20 October 1896, Page 4

MINING NEWS.

(Par United Frees Assoniation.)'

Auckund, October 19. The Hauraki return is 208Soz 14dwt (valne £6200) from 300 tons of stuff.

A cablegram was received to-day stating that the Waitaia Company bad gone to allotment in London,

The Victoria orushing for the past month was 130 loads of ore for 2250z, worth £620.

W. H. Ohnrton makes tha following notification in reference to the Komata '•'riumph :— Directors have accepted the following offer for the purchase of the property by a Home syndicate :— Capital of (he company, £160,000 in JBI shares ; working capital of £25,000 to bs provided; present company to receive £3000 cash and 60,000 fully paid up shares. £1000 of above ie cash (including deposit made to-day) to be paid by 15th January, 1897 ; shares and balance of cash by March 14th, 1897 ; the purchasing syndicate to have the right to employ six men in prospecting work in the mine, commencing forthwith.

Ihe option for the flotation of the Alpha property has been extended until December 17th. The working expenses of the mine* are to bj borne by the negotiators.