WHANGAREI NOTES.

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

WHANGAREI NOTES.

SOME RICH ASSAYS

Mr G. Burns, assayer to the Bank of New Zealand, obtained the following excellent results from samples of stone submittted to him which were taken from mines situated at Whangarei. From Dr. Jim special claim sample No. 1 returned, gold, I3dwt igr, value £2 12s 2d ; silver, 1,50902 at 2s, /'l5O 18s ; total value per ton, /'153 ios. From the Cecil Rhodes special claim : No. 2

sample, gold, gdwt I9gr, value £t igs'zd ; silver, 70Z 7dwt at is, 14s 8d ; total value per ton, £1 13s rod. No. 3 sample, a trace of gold and silver. DICKSON’S LEAD, GRAND UNION. The London Syndicate that has taken an option for floating this Owharoa property telegraphed the remittance of the deposit, together with cash for development works that are to be undertaken. Under the terms agreed upon the syndicate agree to expend £I,OOO in developing the ground during the period of the option. HAURAKI SOUTH. A press association cable came to hand this week stating that the above Company had offered 50,000 shares on the London market. As the total capital is only /’go,ooo in £1 shares, and local vendors receive cash as well as shares for their interest, there has been a steady demand for Hauraki Souths during the week, and prices advanced from 2s 6d to 3s 7d. Even at the latter figure these shares should be a good investment, as the mine is peg and peg with the Hauraki mine at Coromandel. GOLDEN POINT. Free sales took place in shares in this Tapu company during the week, owing to the fact that a reef 12 inches thick was cut which showed gold freely. Another 25 feet of driving should intersect Bulls lode, and if it also is found to be gold bearing, shares in the Golden Point will make a sensational advance. With gold in two leaders already cut, and also in a 12 inch reef, Golden Points should be a fair investment at the present figure. CABBAGE BAA’. .Several claims have been pegged out on Moehau No. 1 block, Cabbage Bay, recently. It is reported that a reef 30 feet wide has been discovered, the stone from which gives good prospects. OCCIDENTAL. A crushing of fourteen loads of quartz from this Thames mine yielded 320 ZS lodwts of retorted gold. There is a probability of this and an adjacent property beng taken up by a London Company.