Latest Mining News

Waihi Daily Telegraph, Volume V, Issue 1255, 20 February 1905, Page 2

Latest Mining News

—, —* —„„ NEW ECLIPSE. A dividend of 3d per shave, equal to 41250, has been declared by the directors of tho New Eclipje Gold Mining Company. Thore is still a substantial balanoe in hand, OLD HAURAKI, A report has boon current to the effect that a new 4ft reef has been discovered on the Old Hauraki Company's ground, No word, however, lias been rcceivod at tho company's office regarding .the supposed find. ■ THE HUANOI (WAITMAfJRI) A party of geiitlonion, interested in mining in the Waitekauri and other districts, visited tho Huanui mine on, Saturday last and woro courteously shown over the mine by Messrs Campbell and Gordon, membors of the Huanui Syndicate, It was found that the roof, avoraging from one to four foet in width, had been driven on for a distauce of 400 feet, and a number of most promising leaders intcrseoted in the cross-cuts. These should form a compact body of one when the lower lovels are opened up. Samples of ore, taken from tho reef and various leaders, showed free gold in the stone, and dish prospects, mado later yielded most oncouraging rosuits, The stouo is very similar in appoar> anco to that obtained from the neighbouring Te-Ao-uuratna section of the Komata Reefs mine and is, no doubt, part of the ' same reef series, Two tons of ore, recently sent to tho Thames School of Minos, returned a value of £5 9s 8d per ton, and one ton sent previously yielded tho splendid return of £29 por ton, Tho Syndicate is being formed into a company of 30,000 two shilling shares (6d on allotmont and the balanoo oallod up in monthly calls of not moro than 3d) of which tho greater part have already been subscribed for, and negotiations should shortly be oornploted for tho purchaso of a 10 head battery for which a suitable sito has already booD selected,

mm?.'} SHAREHEI

To-day's Noon Call. Mr.'fl. G. Mnoky, sharobroker, reports he Auckland Stock Exchange quotations at noon to-day a3 follows : SALES j» Eclipso, Is 5(1, Is 4d Moanatairi, 2s lid ■.-'*.' Waiotahi, 19s ' ' '.i Drown, 3j 3d Talisman, 103 Extended, 6s 9d SKItURS Caledonian, 2a'2d Quoon Extended, Is Id ' Eclipse, Is 6d May Quoon, la • „ Moanataiari, 3a Id Saxon, 9d Alburuia, 2s . . " Victoria, lOd ' ' . ' ■.■..'■'" '■'■' Waiotahi, 19s > .j ■ Crown, 3s 6d ' ' '' Golden Belt (contributing), 3s Chelmsford, Is Talisman, 10a 6d Waihi, 1617s 6d V ' Beaoh, 7Jd Consolidated, 2s ..Extended, 7s : Wairnangu,Bd Bunkers, Is 6d Oak, paid Is 3d, contributing Is nm'Kß.l Caledonian, Is lid , Queen Extended, 9d Eclipso, Is 4d . New May Qnoen, lOd Moanatairi, 2s lid Saxon, 7d Albumia, Is 6d Victoria, 8d Waiotahi, 17s 6d Crown, 3s 3d Golden Belt, contributing 2s lOd Ohelsniford, 9d Talisman, 9s 9d Waihi, 1616s 6d Boaoh, 6d Consolidated, Is lOd Extended, 6s B<l Waimangu, 7d Bunkers, 9d , ■< Quit, 9d, contributing 8d