LATEST MINING NEWS

Waihi Daily Telegraph, Volume VII, Issue 2002, 27 July 1907, Page 3

LATEST MINING NEWS

—. —• TflE WAIHI G.M. COMPANY RECORD RETURN FOR JULY HELD OF £64,620 TOTAL TO DATE, £5,846,967

For the four weeks ended July 14, the Weihi Goßuiining Company treated 26,999 tons of ore for bullion valued at 164,820. This establishes a freah record forlhe period in question and a gratifying feature U the improvement in oro value?, the record bullion yield coming from a Bmaller trnnago ol dirt than that treated during June, The'toUl amount won from the mine is iofllbW as shown by the details b>low:

TALISMAN CONSOLIDATED INCREASING BIOHNEBB OF ORE. BODIES NO, 13 LEVEL

The advancement tf tho diift south upon the trend ef tbe Maria lode continnoi to hy bare ore sbovrirg stent atrtngib, with values increasing rapHly. Tbo lode has b;on op ned now for a length of 877 fort, the great pari of that dmanoe bfing in ore o! a high grade oharacter, The lodo now showing in the furthtrmost eoulh breiut, Is the full width of the drift with the fuotwall not In eight, Within a point of 15 feet of ih» hoe tho ore was worth B por ion. As the drift advanoed, the ore body cointnonoed to show in. oreaied values up to ill 10s per Ion; this gratifying improvement ooniimiod, and now a fortbtr emiohmont is notioeablo, tho rich sulphides having spread tight across tho face The importance of Ibis Improvement will hter Jin be fully demomirated bb the work advanoen iTbat a new and voidable ore aroa is being penetrated is quite appt>r nt lo those who have teen tho (how, and we will not be surprised to hear that the rich ohute will be found iirelohing well iuio the southern at e» of tbo mine,

The No, 12 levol has also entered upon the same ohute, though not qalto bo rich[; the ore Is nevertheless of a very high grade, and serves to flbow that the values aro extending further Bontb, or a new chute is being dovelopod. In this No. 12 level eoutb, the ore body shows strength eimihr to what is in ovidente at No. 18 lovol. The eastern branoh lodo is also responsible for a lound Improvement going towards tho south Tho ore shows gold froely and is of a did rent character lo that cf tho Manilode. W? uiiijht men. t'on that the face ofthe drift on tho eastern bruioh ia now in thtsiaio zone where tbe main body has increased in value The slope over the lovol on the Maria lode at No 12 shows a sploniid face of high ftraJe ore, and liWiso at No. lßlevol tbe rich band of siilpl.idois being bagged lor treatment in Loudon. Owing to tho copper oontonts of tho rich section of tho lode It very mnob iotertres with tho treatment, Bnd necossiiatoi the use of a itrongor solution ofoyanide, Inv'owof this and tho rich charaoter tf lao ore, it has baen dooided by ihe management to ship it died to London for treatment, At No, 11 lfvc), we mentioned In a previous report that the main lode had been found south of the Bono za ohute, and that the oreboly proved to be quite 14 feet widp, worth 13 por ton, Farther development here shows that tbo lode is still string in Ibo drift advancing towards the south, and if anything the values are increasing.

It will bo joen that tho No 11, 12, and 13 .'evels are all in a now ohulo of orp, and »8 tin area towards tho south ut wholly iot iot, the deve'opment of it will be watohed wlihviry gtot interest This new area will proudo a stopit g height ol fully 800 feet, j its extent will not bo known until tho drifts are further advanoo-", .Thcroh however an immense area opened np so far, and the possibilities are great

mmw mmmn

:o-dav' Noon Call,

(Speeial to tin Duly Tilmiajh.) Avvfiiire, tkii i».

Mr, Arthur, E, Grtenslade, ahatobroker reports the Auokland Stock Eiohongs qnotatbns at noon to-day as follows i SAII3 May Queen, Is Saxon, B|d Walotaht. lis 7d, Bankers, h 4d Hanraki, Is 2d Grown, 7s, 7s 21 Waitokaurl, Is Id Talisman, 44s 9d, 45j 31 Waibi £814? Tairaa Triumph sjd BDYIIB

Kuramti, 4:1 Caledonian 9ct May QueoD, 1« Dart, 4d Moanalairi, 2{d Monowai, 4J-d Saxon, BJd Sylvia, 4i Boutbe n Qjflon, 2d Thames, 4£d Waiotabi, 11a 6d Waitangi, 8i 3d Bunker;, la 3d FtOßhold, '2^d Hautaki, h Id Grown, 7a 2d Belt paid le 8i3,00n Is 7d Kourntu, h 6J Marakolo, 4d WMtokauri, Is Rislog Hun, (jjd Tairua Ci6d Talisman, 45h Waihl, £B 14s Boaoh, 6d Extended, on 0 i Junotion, i!Ba 9d Triiuxiph, paid 01 con 51

To July 81,1890 .. £13,628 July 31,1890, to Deo 81,1891 86,455 In 1892,18,297 tons ... 46.219 1893,19,805 tona ... 64,845 1894,24,864 tons ... 83,023 1895,88,670 tons .'.. 320,838 1896,34,410 tons ,. 185,151 1897,40,764 tona .. 144,044 1898,77,929 tons ,. 256,492 1899,102,881 tons ... 802,525 1900,112,012 tons ... 817,905 1901,159,825 tons .. 461,204 1902,179,487 tona ... 521,571 1903,280,819tons .. 650,682 1904,256,953 tons I.. 666,778 1905,298,531 tons ' .. 728,621 1906,808,2691008... ..'. 786,474 £5,860,175 Period ending January, 1907,22,297 tons £61,090 P: braary, 1907,27,453 tone 68,286 March, 1907,27,072 tons.,, 163,095 Apr", 1907,27,655 ions ... £64,014 May, 1907,28,382 tons .. . 64,196 Jano 15,1907,27,205 tons.., . 83,458 July 14,1907,26,999 ons ... 61,820 Total to dato £5,846,967 Total dividends, etc., to Jnno 1,1907 £2,605,866