MINING NOTES.

New Zealand Graphic, Volume XVII, Issue I, 4 July 1896, Page 17

MINING NOTES.

Waihi Consuls.—Two offers have been made this week for the option of floating the property upon the Landon market. The working capital offered was not, however, considered large enough, so tbe matter was adjourned.

Karangabake.—A few pounds of stone showing gold freely, that was taken from a small leader in this mine, was on view at the company’s office this week. Gladys (Kuaotunu). —The leader in the winze has opened out, and the ore obtained is considered by the manager to be worth saving for treatment. There is also a marked improvement at the low level. Golden Giant.—The reef on this property is 30 feet wide at the crown of the hill. A level is being put in to ascertain its value deeper down. Ohui (Tairua). —Colours of gold are being obtained in this mine.

Juno (Kuaotunu). —Quartz of good grade is being obtained in this mine, and occasionally a few pounds of picked stone are selected. Maori Dream (Kuaotunu) —Excellent prospects are being obtained from the No. 2 reef in this mine. Waverley (Karangahake).—Another quartz vein which showed gold freely was cut in this mine during this week.

Bay View (Kennedy’s Bay).—The manager telegraphed this week : —’Gold showing freely in the winze at the intermediate level in the No. 2 reef.’ Shares advanced from is to is sd during the week. Broken Hill (Tairua). —A second instalment of /,‘i,ooo was paid this week on account of the purchase of this property.

Madge (Coromandel). —A reef 8 feet thick, which gives prospects of coarse gold, has been discovered ou this property. Hercules (Karangahake).—The outcrop of a large reef has been examined on this property, and the stone shows colours of fine gold. Shares have changed hands freely in large parcels during the week, and prices advanced from is to is 6d.

Heitmann’s Freehold (Owharoa). —A new pump capable of lifting 3,000 gallons of water per hour is to be put in position at this mine. Sceptre. —Another 40 feet of driving should intersect the Tavistock lode in this mine.

Victoria (Thames). —During the week Mr C. M. I’ielsticher, a German mining expert, inspected the Victoria property with a view to making an offer for floatation. Hazelbank (Thames). —The reef is improving in this mine. Gold is now freely seen in general ore, and during the week islbs of picked stone were obtained.

Sovereign (Waitekauri). —The reef has been proved to be 11 feet wide.

Hauraki North (Coromandel). —The directors of this Company received an offer during the week to float the Union Beach section of the mine separately. The area js 90 acres adjacent to the well-known Coromandel goldproducer.

Maritana (Owharoa).—The reef formation is 21 feet wide, and gives prospects of gold right across from wall to wall.

Tamahana (Whangamata).—The Phcenix lode, which is fully 12 feet wide, has been cut in this mine. The prospects are considered highly payable. Golden Ci own (Karangahake).—lt is reported that a large reef has been discovered in this mine. St. Patrick (Karangahake).—The main reef is improving, and the cross reef is widening out. City of London (Tararu).—A deposit of /'250 has lieen lodged in the bank in connection with the purchase of this property.