MINING NOTES.
Empire (Kuaotunu). —The reef in the face at this Kuaotunu mine is 4 feet thick, aud shows good indications of gold.
Bay View.—No. 2 reef shows gold freely. Another leader has also been discovered by the manager, from which some stone was obtained also showing gold freely. South British.—The new reef discovered a few weeks ago in the Earl of Glasgow mine at Karangahake has now been cut in a trench in the South British mine which adjoins. The reef is from 7to 9 feet wide, and the prospects are reported to be equal to 2ozs to the ton.
Bell Rock (Thames). —The reef at No. 3 level is 6 feet wide, and gives prospects of gold. At No. 2 level there is a fine looking reef 3 feet wide, which also shows gold. Waitekauri United. —The sum of £2, 000 was received this week from London to commence operations in the Waitekauri No. 4 and other properties taken over by the above Company. The local directors appointed are Messrs A. Kidd, T. Morrin, and James Macfarlane, while Mr D. G. Macdonald is the legal manager. At 3s id Waitekauri No. 4 shares should be cheap.
Maritana.—As the London negotiators asked for modification of the terms upon which this property was placed under offer, the directors decided to withdraw the option, better terms having been offered locally.
Matawai. —A ton of ore from a 2 foot reef in this Coromandel mine was sent for treatment to the Thames School of Mines, and returned 16s id. Maori Dream (Kuaotunu). —The new reef has been cut into 4 feet, and is estimated to be worth X 4 per ton. Golden Lead (Coromandel). —Gold is seen in the quartz each breaking down. Captain Argali this week inspected this property on behalf of the London negotiators for its floatation. Aurora.—A trial crushing of ore from this Kuaotunu mine is to be made at the Thames. Assays made range from /'8 15s to per ton. Scandinavian (Tairua). —A trial crushing of five loads of quartz from No. 3 reef gave 30Z. lodwts. of melted gold. This property is under offer in London. NEAVESVILLE. In this week’s Graphic appear two pictures of the Neavesville section of the goldfields. Neavesville is situated amongst the hills at the head of the Tairua River, some miles beyond the Broken Hill property, which has recently been taken over by an English Company. As will be seen by the illustrations, Neavesville is yet in its infancy, the corduroy road showing how rough is the means of transit, pack horses being used to bring supplies to the men living in the small settlement. Some twenty years ago gold was found at Neavesville, but little was done in the way of development. The recent revival in the mining industry has, however, caused prospectors to display unwonted activity owing to the fact that capital is now readily forthcoming for promising ventures. The second picture shows the blow of quartz from which gold was obtained, ahd on which work is now being done.
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Bibliographic details
New Zealand Graphic, Volume XVI, Issue XXII, 30 May 1896, Page 629
Word Count
510MINING NOTES. New Zealand Graphic, Volume XVI, Issue XXII, 30 May 1896, Page 629
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