WAITEKAURI.

New Zealand Graphic, Volume XV, Issue XXII, 30 November 1895, Page 686

WAITEKAURI.

ALPHA. Something like finality has now been reached in regard to the sale of this property on the London maiket, as a cablegram was received this week from London stating that the transactions had been absolutely completed, the necessary documents in connection with the transfer of the property having been duly signed. WAITEMATA SYNDICATE. Subscribers for shares in this licensed holding decided at a meeting held this week to appoint the following committee to approach the representative of the Golden Lead mine with a view to amalgamation on an equal basis :—Messrs Campbell, McLean, Nutsey, McFarlane, Dixon and Fer riday. YOUNG NEW ZEALAND. Samples of stone taken from this mine were on view at the Company’s office during the week. The stone is of an unusual class to show gold, being a blue quartz with strong blotches of gold showing in different parts, and the gold is of a high class grade. This leader is about a foot wide, and undoubtedly when followed will bring them to the large reef which was worked on the upper ground, and from which some very rich stone was obtained. JUBILEE G. M. COMPANY. A new reef has been discovered on this property, on the top of the h 11 not far from the boundary between the Jubilee and Waitekauri No. 6. The reef was found only a few inches beneath the surface near the root of a ta.va tree, and on the edge of a small swamp, and a few pieces broken off this surface stone prove it a valuable find. The stone is thickly streaked with beautiful blue veins, and good judges say it is exactly similar to the stone obtained from Butler's Find in the Old Waitekauri claim. The reef is from 2 teet to 2 feet 6 inches wide, and the whole stone is of exactly the same nature, and looks worth about £3O per ton. A drive has been started to cut the reef below the surface, so that it may be properly proved, and it is quite possible it may turn out much richer at lower depths. From what can be judged of the reef on top, it has a considerable dip, and will probably, at a lower depth, be found in the Waitekauri No. 4 , whilst above it runs through the corner of the No. 6 into the Waitekauri Junction. MANGAKARA UNITED. The reef from which stone showing dabs of gold is being got in tho Young New Zealand mine is close to the Mangakara boundary.