LATEST MINING NEWS

Waihi Daily Telegraph, Volume VII, Issue 2050, 23 September 1907, Page 3

LATEST MINING NEWS

WAIHI GRAND JUNCTION The devo'opment work proceeding at tho No, 4 level on the Ne.'s 1 and 2 lodes In this company's uiino continues to be •[tended with gratifying results, Tho No, 2 ore body ii quiio 15ft in thickness in the 'urthornost eastern f>ico, Iho ore being of a highly paydbla grade, This lodo is now opened up for a total length of 5601t from tho point of" splion" wiih -tbo main oro body, and as there ii still a large area of ore to develop oast of this face, wi'h evidence of further improvotmnt in sight, it will bo seen that tho mine is daily enhancing In value, It is alio pltaeiog to find ilut the Mn'tha, or wlnt is known as the No, 1 lode oontinnes to open up eastward in i very encouraging mmnor, snd tho management oxpect to find a farther improvement in this ftmous ore body at tho ntii or Ne, 5 level.

Tho deepening of the mini pumping and haulogo shaft will be in progrosa almoit Immediately. It ia tho intomion of tho managoment to inrtal two oleclrioally driven pumpr, which thty hops will bo ftb'o to oopo with the largo flow of water and enablo (htm to oarry out their deoper area davslopmont moro expeditiously than heretofore. The oloetrionl powor plant ii doing excellent work, aud no dtlay or difficulty is experienced. In distributing tho required powtr to tho vatiatu loetions olplant. Tho ttill is doing ticellent work, and wo now antloipato a further iuoroaso in tbo output of bullion recorded each month.

MAORILAND G.M. CO., LTD

MOOOR AGING REPORT

Tin mine maiace? roports as follows lor tho weoli ending 23rd Beplembor, 1907

" Low Level, No, 2 ol No. 2 ilso.—During tbo past week tho roof has been taken down 40ft, total 70ft. This oomplotos this stopo to the floor of tho Intermediate If vol.

"Low Lore!, No. sStopo, south of No.l risp.—Reef stripped for ihe wok 31't, tot il 48ft, Tho ore from this stopo will bo broken down next week and sent to tho mill.

"Intermediate Leyil, No, 7 Stopo, north ol No. 1 rise,-Hoof s'ripped let weok Hf', total 28ft. 11 Ore sent to the mill f>r weok 18 torn, total 37 10 I.

The batter; managor reports as follows for the week onding Hoptembor 21 Blarapors.-The stamps wero kept turn ring two shilts por day during tho wook, Bill tho same will be Cono lor the iuootaIngwtok, Ori Values. —Thii week complotes tbo ihird oco of thocnrrccl lulling period, and tho oro crnsliod duiing't shows a I nat improvement in value, tho avorago asiay being X' 48s 101 p<rtcn, Tho average value of ilio oro erusbod for tho throe woekfl now Btnnilsrt £'3 Bi Ddptr ton, which ii a highly satisfactory fißiiro.

AninUniu. —Tlio rso in ore valuo hni rosuLcd in» Really inoroißed yield ol umalgnm -370z fcavirg been rocovored fcr tho (veolr, making tbo total nrnonnt row on hand 540z valued at £2B, AUCKLAND SHAREMARKET, To-Day's Noon Call Spocial to Daily Telegraph. Auckland, this day. Mr, Arthur, E. QrconsWo, aharobrokor reports the Anokland Btook Exohangi quotations at dood to-day ne follows I— o SSLFS Magnet con 31 May Qaoen, 10J-1 Thamop, Hid Victoiio, Is fid Watohmau, 6J, 7J, OHi Hanrokl, Is 4d Wfiiekanri, Is7d,laßd 'Triumph, con Is4d, Is fid Wtih', £Bl4s Cd, fßlsa CJoQ'o'idatod, Is 8d Extended, 5a 3d BUI'EHS Bonanza, paid 3d, oou 2d Hnloyon, 4jd Caledonian 0d Magnet, paid 3d, oon 2\i May Queen, lOd Quoeu Extonded, 4d Moanatairi, 6d Monowai, 4 id Saxon, 7d Svlvia, 6d Alburnio, lid Southern Qiiood, I.J 1 Tomplo Bar, paid 4"), oon 3d Thames, lid Victoria, Is (id Waiotahi, oalOd Waitangi, '2s lid Watchman, 6.U Freehold, 31 ITauraki, Is 3d Old Kapango, 2d, South Kipango, 2}d Chorapion, con 101 Crown, 6s 9d Bolt, paid Is 6d Golden Crote, 2d Komatfi, Is Id Mficrihnd, puidljd Woitekanri, ls7d Tnirna 5s 101 Tairua Triumph,paid Is 7 J , con lvl; Talisman, 47s fid Waihi 14s 9d Beach, 7d Consolidated, Is 7d Eitondud, os fid Junction, 37g 61 ltirangahako, sjd Tilrus, 2) Ngatlnwa la 3d