Latest Mining News

Waihi Daily Telegraph, Volume IV, Issue 1049, 25 July 1904, Page 3

Latest Mining News

WAIHI EXTENDED THE REEF On paying a visit to tho Waihi Extended mino tins morning our representative loarnvd that activo opera'ions on tho reef were eiupondod pending instrjetions, ami that tho mon wero ongaged in squaring off and timboring, It is generally anticipated that the lode will turn out to bo an extension of the Martha lodo, consequently tho stono should assay well, Full particulars with respect to tho value and size of the lode will not bo forthcoming till the footwall has been cut and tho necessary assays mado, Meanwhile public excilcme.it is increasing, aud thero is considorablo business doing both in Waihi and Auckland inExtondeds and Prides, the hitter property being the next to claim the lodo juss intersected in tho Extended, tho point of intersection being favourable to it. it is also probablo that another lodo will be cut (urihor on in the Extonded properly, judging by tho course of the reef system as originating in tho pnront mine, and other estimates based on tho developments in tho Grand Junction property,

THE LATEST TWO FEET INTO THE REEF NO SIGN OF FOOTWALL SPLENDID LOOKING QUARTZ HEAVILY MINERALISED

The latest report from tho mine is that the reof has been driven into for a distance of two foot, mid that (hero are no signs of tho appsaraneo of >ho fooiwali. Tho quartz taken out.is of splendid quality, friablo and heavily mineralised, tho genornl colour being of a very promising nature There is very littlo doubt that it is a branch, or in liio altornaiivo, tho main extension, of the famous Martha lode, Tho appcavanco of the ore certainly bear; that opinion out, and tho gonoral trond of tho reef system also points to tint conclusion, Tho fact of there bom,,' no sign as yet of the footwall speaks volumes for tho prospers of tho Extoudul properly as regards a solid ore body being boated, and, as be, fore mew ioncd, tho point of intersection, combined with tho northerly courso ol tho roof, augurs for the Extended a very largo portion indeed of tho lode, not lo mention the great probability ol tho locaiion, as the. developments go on, of olhoi , riclioriilj,j.li:s. Tho value of Ihcf l'ritta of W'dhi property lias consequently been increased 10 a groat extont, as the ostimated lino of reof now runs directly into that ground, The manner in which tho Extended Company htno stuck to their proporty, and tho amount of money oxpouded on the iieMssiry dovelopmont will at this stego prove a valuable objact losson to many otiiu companies and shareholders. The mtno manager, Mr, Johns, must be coaiplimenled on iho success of his oporaiio.'.-, mid on 'ho vory economical manner in in which he Ins carried them out, '% main object was to loealo tho reef, ,nd that he has successfully nccompiifhiJ, , where-no doubt others would have fukd, Tho Company have now a properly which, with judicious dovolopment, should, turn out«second" Waihi" in time to rani". TAIRUA BROKISN HILL For tho month of Juno tho abovo company crushed mid treated 500 tons of ere for a return of £lOlO. Tho total nm unit won to dato is i' 55,995 10s 3d, as under In 1900 £1,457 8 0 In 1901,43 a tons 1792 19 9 In 1902,5 070 tons 23,605 0 O In 190!) 21,208 7 0 148,183 15 !) January, 1901, 300 tons, 230 tons slimes 1,575 0 0 Miuary, 1901.060 tons 1,700 0 0 March, 1901,000 tons ... 1,320 0 0 April, 1901,000 tons .... 1,114 0 0 May, 1901,500 tons ... 1,033 0I) June, 1904,500 tons ... 1,040 0 0 Total to dato £55,995 15 i!