LATEST MINING NEWS

Waihi Daily Telegraph, Volume VII, Issue 2029, 28 August 1907, Page 3

LATEST MINING NEWS

THE MAOIIILANI) MINE: : encouiuginTreport. The miiio auporintoiulont, for tlio week ending 24 th inst., reports the foli lowing operations.at tho low level:— In No. 1 stope, 18 feet boloW- tlio intermediate level, the reef during the •week lins been stripped sovcn feet, making a total length of 71 feet, and taken down for a, distance of 42 feet. The oro obtained is of good value. In ! No. 4 stope the reef has been stripped 27, feet, making a total length of CO feet, and lius boon taken down 20 feet. The ore broken from this stope is also looking well. Total quantity of ore 'sent to tlio mill for the week amounted to 46 tons. . ' Tlio battery manager reports tor week ending 24th inst. that the stanipoitf havo boon running one shift per day and about 15 tons of ore have been crushed. Ore is now arriving ftt tlio mill freely, and on Saturday t coni- ' ♦nienced running the stampers at the rntc of 12 hours yor day, and will continue to do so during the ensuing week. The yield of amalgam for he week hiis beoif exceptionally good, bo- , iug a total of 22 ounces, .which gives in Jiand 32} ounces, valued at £2O. WAIIII G.M. CO. • ' lieviowing the report of the manager for tlio three weeks oiuling July 17th, ivc note that tlio lodes at the deepest a lovels are opening up in a most satisfactory manner. The ttoyal lode, east of the north-seel ion junction, was nt that dato in temporary suspension, awaiting a connection with a pass 1 known as tlio Adder, sunk from the level abovo. A crosscut projected , through the lodo at.tlie 764 ft. mark, oxposing tlio width of the ore body 2/ft. 'On tno south wall 10ft of tlio oro is worth: Gold, lfidwt's lOgrs; silver, loz Cdwts lrgrs. Since tlio report was put out the drift has been further advanced. West of tliii liortli section junction tlio ore body has been opened for a total length of 487 ft. From 450 to 479 ft the value along the level is: Gold, fe Sdwts 19gi's;, silver, 12dwts 4grs. In the Empire lode west of No. 4 shaft crosscut a length of 780 ft of: lode has beon oponed up. A crosscut at loJft, ptit through the lode, proved the ore body to bo 30ft thick, carrying a value ■ of gold 9dwts 14grs; silver, 2oz 18dwts lOgrs. ' , . Martha Lode,-The devoloi>ment of •" 'this celebrated vein is being vigorously pushed ahead. At 320 ft li crosscut was ' put through tlio width of the lode, exposing 25ft of ore, worth: gold, ldwt ' Mgrs. In tlio south section, east of ;• tlio.No. 4 shaft, the drift is forward, i 300 ft, the south wall of tlm lode being oxposcd for tlio whole distance. Tlio Vftluo of tlio oro along tlio level from 174 ft to 260 ft is: Gold, 18dwts Mgrs; silver, 22ozs 9dwts %s. It lvill ho seen that the oro here is high grade in value. A connection was establish- ' 1 ed with tlio Leo crosscut at a point of 190 ft in. The full width of the Jode ' hero is 90ft, the averagoivalue being: Gold,- lodwts logrs; silver, 3ozs iidwts s per ton. A lode COft ivido, worth tlio Vftiuo omimoratedi'is certainly a sound ii.. 'asset, and it is pleasing to'find that ™' there is no shrinkage in values; they lire ({iiito consistent, hut if anything the oro bodies show greater strength, wliifch is exceedingly gratifying. Welcome Loflo.—Tile management say that this lode continues to tlevolop most satisfactorily. For a width of 3oft the oro is worth lldwts 12grs of go d, Gom »19dwts 18grs of silver per ton. A Inrtnor width of oro lielouging to the same ore body boars'gold 3dwts lOgrs, silver loz 14dwts,2grs per toir. J his crosscut, Which has been passed through tlio Welcome, will be continued to intersect the Martha. The? full width of pavablo quartz in the west section 18 hit It will bo seen that,the company are developing huge masses of payable ore at this level, and so lar as the development work has been advanced there is ample evidence to show that the mine is enhancing m. value verv vapidly. The pay ore is in a surprising manner. ■ No, 5 Shaft.—Tlio sinking of this main pumping shaft is being steamlv 4 carried down, iiml it is only a .mutter , of a short time when the opening-out of the 1000 ft level will bo in hand. \\o notice that the shaft is being lengthened 11 further 3ft at a point where it has reached a depth of 1000 ft below the No. B'Station. KUIIANUI. , , The return from the treatment of 18 ' tons of ore from this mine is at hand, and proves to bo in excess of that obtained from the previous parcel: Gold to tlio value of £175 was obtained. NEW DART. , Driving operations aro now in process upon the specimen lode. Jhe ore body measures from If/ to 18m in thickness, and it is .pleqsiug to say that colours of gold were seen at the las breaking down. The manager says that the .country is-alj that could ho desired, litiiijf interlaced with black seams andflinties, both reputedly good indications of gold at Thlimes. -■ : s 1 I AUCKLAND SHARENIARKET. o To-Day's Noon Call Special to Daily Telegraph. Acokuni), this day. Mr. Arthur. E, Greonelsclo, aharobroker reports the AnokM Btook Bxt'hftrge , quotations at noon to-day rb follpws ' 34188' Q ioen Ex'onded,6idl» .. , Monowai, 7d Waiotabi, 9i6d Crown, 7', Is 14 ( < WftitelißUtl, 1b Id Bieiog Sup, 10Jd •4. Tsirna, 6s Tairo 1 * Triumph cob Is 2d, Isßil Tali'mar, 00i t 49s 9d, 50s 81 4 Waihi, JE9 Is . x Consolidate:!, li 3-1 ' / Extended Gs 91 BUJKB3 <■ BonanzQ, coo ljt Halcyon, oon 4d Knranm, 6d Caledonian 91 ' May Quoon, lid Queen Exlendod, 6Jd Dart, 6J4 Monowa'i6d Baxon,9Jd Sylvia, B|d Ngatiawa. Is 2d Alburuia, 91 Southern Qnoen, Id ThaiDOF, 8d Walotahi. 9i61., W'litnngi, Bj 4'l Freehold, 81 ■ Hanratf, Is Old Kipaoga, ljd South Kapang'i, Id Crown,'7s Boh paid Is lid, con, 1b lOd Romaic, Is 4d Waltekaarl, Is Pride, .lliilng Hur, 10id Talraa 6s Tainia Triumph, paid Is 2d, 00' 1 , lfl 8d Talisman, 50i 81 Waibi 1b ■Beach, 6d Consolidated, Is 2d Extondod, 5i 9d, Junction, 40s