LATEST MINING NEWS

Waihi Daily Telegraph, Volume V, Issue 1504, 11 December 1905, Page 3

LATEST MINING NEWS

WM 1 TAHSMAIHKAB ANGAHAKE, |M^ : tBPtBNDID s FUTURE., f4(f|§enj yioia of bullion (£20,408 from s s3BoOjtOD«of bhoraotor of too ore bodies now bo> &4dng opened up in this oompany's mme At The No. 18 level, being level in the mine, is now in j£%hapj!!n<f the lodo as far as mot with shows every indication of ua<fatammg its strength v/- on>,its downward continuation into the Tho different levels mo nil 200 r"' feel; in depth, therefore the present No 18 <cftlMol is qmte 600 feet bdow tho com. No 8 mam adit lovol. Tho great -/underlie of the ore'body towards the £\ west farther inoroaees the depth on '"-jMhe veins—for mstanoe, the vein 1)9- \ 'tween levels 11 to 12, the baolts available i", between these levels Is quite 240 feet, „X whilst at 12to 13 tljesamo measurement a also applies It will be seen ibat tbo "' mine" ii very extensively developed in " depth, whilst the ore chutes are alio open- '' edupfor a great stretoh down to leyel »<■»>. 19. \ i\ V'There are two distinct pay ore chutes, *; namely, the Bonanza No. 1 and 2 and 'Talisman, The Woodstook orechute i» < also being developed from No. 12 level, and i in this direction the possibilities are very ~ great, for the chute of pay oro will most likely extend for 500 to 600 feet in length, 2, whilst the results won fiom the Wood- " stook in the past served to bliow that the ore in of a high grade character, Tho sdrive into the Woodstook seotion is now in /-'» fall breast of ore, The Talisman pa; 0 chute is increasing in length aud depth, } md lodging by the oloss of ore ooming to 'hand'from those deeper levels, it '/' is* j strong evidence that the comf/ pany, hrfve a prosperous future bo S,'/ore them, h addition to the Talisman ?; ..and Woodstock areas the o are sections f\>-known bs Bonanzas Nos 1 and 2 Here the ore body is quite 20ft in thioltness, ->'-whilst the values aro high grade, Tho --■• length of the run of ore eo far proved in A the Bonanza sections is quite 240't. It °is estimated that thero is about 300,000 tons of ore in sight, which will keep the stamp mill in steady crushing for sto 6 years. Bo extensively and L rapidly has. tho mine beeo opened that it t'Ji quite an object lesion in mine develop- „ mens. The go-ahead system of executing v, work is a oharaolenatio feature of the \ Bttfjck-Mweing CompanyV managers. 1 known the world over as being (Expert .mine sapervlsers, and judging by i thd'extent olf tho developments so far oar--1 * ried Out {in a ,vory short space of limit they j\ have consistently- upheld that reputation, r - The bullion yields eaoli month hare crept, in a Burptiaing manner, and from ((11 we, £&oan gather there is evory reason to believe :{ f thai'a r nliue has been-opened up which sound \ investment years to come, If it maintain an output of £15,000 per v» month it meWthat tho shareholders will f per annum, if "t, notmole, npon'tboir outlay. We under is 60 feet below flepNoMß/antl tbat it is the intention management to posh on with deep fpejeliwqrks as they can be got at I» / / from mines like the Talisman have a beneficial effoot upon mves- % torgajjroad, ancl sn'ould assist to strengthen Hands of those who are seeking fresh for the' exploitation of mines in and more particularly the N 1\ mines towards the cast in Waihi, "\ mum shpiu.hei. -'\ ,« ,To ? dav'B ffoon Call. - •'~Mr, B, G, Mooky, fharebtoker, reports > H he Anokland Stock Exchange quolntions aUoon to day as follows : mi* Ma/Qucen, 6s Bd, 5s iOd > ;JyM,Bs3d *,\ Talma, 83 46,83 ld,3s'Bd 1 / --Talisman, 253 66,258 36,253 61 i ; riti i 9 j ' «T-v '' v SBtiEns ' V ",'Oaledonian, 23 3d » * ,)_? May Queen, 63 , v^MoDDa'atari, Is 8d " 2 .Monowai, 03 ', Saxon. lOid ," v ! v'yiotorll|2s4d ' - Waiotabi, £sl4a 6d Auckland, 2i 2d > t-' Crown,>6s 6d . i ßelU>,46, i cont237d «' Komata, 23* - y?aliliman. 25a 6d ' '- 'jßeach,lß 5d t £d > .Hauraki, cont 7d * ** Sunbeam, IS '*,'-,, BDVHBS ' Caledonian, Is 96 » , MovQiioen, fls 9d (Moattfitqian, Is 6d ' ' s -' ?Monowai?6a ' ; Saxon, 9£d«, .' Victoria, 2s N . Wai&Ubi, £sloa , '/AaoWana, % Id ' Belt, 83 2dj cent 2s 41 Komats, le 10d 1 . Pri6*e, 9d * Rising Sun, 5d 1 Talisman, 25j 3d Waihj, SI Beaoh, Is ~ Extended, fij 7d ' ,-Bunkers, 46 Hauraki, cont 31 - J Snnbdara, Mount Lyell, 33s