MINING NOTES.

New Zealand Graphic, Volume XVII, Issue XVIII, 31 October 1896, Page 585

MINING NOTES.

Britannia (Coromandel).—The statement of accounts submitted at the annual meeting of shareholders this week showed a balance in bank of /g 6 12s 6d. The sum of 8s 4d had been paid in wages and irs gd in contracts. Puru Consolidated (Thames).—During the week small leads were intersected crossing from the country into the lode. In these dabs of gold were freely seen. Hercules (Karangahake).—The first annual meetingof shareholders in this company was held during the week. The statement of accounts showed the expenditure for the year to have been /’B2O 14s 6d, and the receipts Zi,°°3 12s 6d, leaving a cash balance at bank of /182 18s. Ajax (Kuaotunu).—The ordinary general meeting of shareholders in this Company was held during the week. The statement of accounts showed a balance in the bank of Z 839 13s nd. Komata Triumph (Waitekauri).—The syndicate that recently secured an option for the flotation of this property are about to commence work with six men, in addition to the four employed. Standard (Coromandel).—The sum of Z'2so was received by cable from Scotland this week, being a first deposit on the option for the Staudard licensed holding. The option is given for six months, vendors receiving a substantial cash payment and a percentage of the shares in a company to be formed, having not less than /’zo.ooo working capital.

Criterion (Cabbage Bay).—During the week another reef about 10 feet wide was discovered, which runs through the whole width of the mine. May Queen Extended (Thames).—The lode measures from 12 to 16 feet in thickness, and colours of gold are distributed through the stone.

Excelsior (Karangahake.)—When breaking down the reef a very fair prospect of gold was got in the dish. The reef must be fully 12ft wide judging by the outcrop. Gumdigger and Bright Rising Sun (Port Charles). — Ten different reefs have been discovered on these properties. The largest is about 14ft through, and a sample of icwt was recently taken therefrom, which returned £6 2s. Another two feet reef shows gold freely in the stone. Grand Triple (Thames) —Work has been commenced on this mine with a good staff of hands, opening up a large body of ore outcropping, from which prospects of gold are obtainable. Rialto. —The reef has been cut through in the Lombard section, and sbows colours of gold. Moanataiari North (Thames). —Colours of gold are occasionally seen in the quartz. Rising Sun (Owharoa). —A reef has been cut, stone from which assayed at the rate of £7 6s 6d per ton. Golden Anchor (Kuaotunu). —The reef has now been cut into eight feet, and is improving in quality. Prospect (Kuaotunu). —Another reef giving good prospects has been cut. Akarana (Late Queen Madge).—At aspecial meetingof shareholders of this Company resolutions were passed authorising the directors to dispose of the property. West Dei by (Kennedy Bay).—Some good stone showing dabs and blotches of gold was obtained from a sixinch leader near the main reef in this mine. Coronet (Waikoromiko).—A large reef, between 3 and 4 feet thick, composed of very promising looking stone, outcrops on the northern end of this mine. British (Puhipuhi).—lt is stated that the hypo process for saving the silver has proved eminently successful, 90 per cent, of the silver having been saved. Napier (Coromandel).—No. 1 leader at the bottom of the winze shows heavy tailings of coarse gold, also some small specimen stones. Invicta (Kuaotunu). —Some coarse gold was seen this week in the floor of the surface level. Golden Lead.—At a meetingof the Golden Lead shareholders it was resolved that the capital of the Company be increased by the issue of 98,000 new shares of the nominal value of 2s each, to acquire the Great Triumph and the Paul’s Creek special claims. New Tokatea.—Shareholders met this week and resolved to voluntarily wind up the Company. The manager notified that the cash received from the English Company would be ready for distribution early next month. Shareholders receive 375 shares in every 1,000 in the new Company of 100,000 shares, fully paid up to Shotover (Waikanae). —An assay of stone taken from cap of 4ft reef returned at the rate of £3 7s 6d per ton. Golden Link (Kuaotunu). —The specimen leader is two inches wide, and shows colours of gold. Golden Fleece (Kairamama).—A piece of stone from Nicholson’s claim, when assayed, returned at the rate of £4 6s rid per ton. Karangahake South.—An assay from No. I reef gave a return at the rate of per ton, whilst two others went £l3 and £1 17s nd per ton respectively. The reef on the surface is 12 feet wide, but where cut by the drive is 2 feet across. Scandinavian (Thames).—A trial crushing of 15 loads of ore yielded /'l5 13 yd. Occidental (Thames). —No. 1 leader showed nice dabs of gold when last broken down. Sheridan —The cleaning up at this mine will take place towards the close of the week. City of Auckland (Thames).—Assays of stone from this mine resulted at the rate of £6 15s 9d, £l7 4s Bd, and os nd per ton. South British (Karangahake).—Two leaders 4 inches and 10 inches wide have been cut. One of these gives nice dish prospects. Karangahake.—The big reef carries a little gold. Waitekauri South.—The new reef gives nice dish prospects. In the low level the reef is 5 feet wide, and the quartz is heavily mineralised. New Zealander (Waitekauri). —The large reef on the Welcome side of the creek has been cut into 21 feet. It carries first-class mineral and a little gold. No. 4 reef is a fine body of quartz 12 feet thick. Rosebery (Tairua). —At an extraordinary meeting of shareholders in the above Company held this week, it was resolved to amalgamate with the Nil Desperandum upon equal terms; provided that the latter Company make a call prior to amalgamation, and the Rosebery have a fair representation on the board of directors. British Empire (Waitekauri). —Assays from the lode in this mine resulted as follows No. 1 footwall of blow, £8 is 6d ; No. 5, loose quartz on line of Ellen reef, Z 23 9s 9d ; No. 6, new reef called Gordon’s, /15 7s 6d. Morning Star (Kennedy Bay).—A fine looking reef about three feet thick was picked up close to the boundary of the Lorna Doon. Kuranui-Caiedonian (Thames). —ln the quartz from Darby's lead gold is freely seen, and occasionally a few pieces of picked stone are selected. Rangatira (.Thames). — About three tons of quartz have been saved, which will go about one ounce of gold per ton. Marco Polo (Whangamata).— A small leader of a kindly nature was cut in this mine during the week. Karaka Queen (Thames). —A trial crushing of five loads of general ore from this mine returned 6oz Bdwtsof melted gold. At the intermediate level colours of gold are frequently seen at each breaking down. Golden Spur.—At the annual meeting of shareholders in this company the balance sheet showed <3OB 5s lid cash in hand.

Maritana (Owharoa). - The level is in nice white sandstone with small leaders intermixed, and the stone gives first class mortar prospects. Arawata. —Some stone cut in the trench while driving for No. 5 leader prospects equal to about two ounces. Flemington (Whangamata).—A cliff or bluff covered with moss and undergrowth found on this property proves to be one mass of quartz and stringers running in a splendid class of sandstone. Hinemoa-Hauraki (Coromandel). —A bag of stone about Bolb weight from this claim has been treated by Messrs Fraser and Sons for a satisfactory return at the rate of /45 13s per ton. Hastings (Tapu).—The Sheridan No. 2 Company has been registered under the name of Hastings. Nellie (Whangamata).—The bearings of the four large reefs known to exist in the property have been traced and found the junction of the Nos. 1 and 2 reefs. The manager trenched 87 feet across the reef without finding either wall. It is a fine body of ore, and gold was obtained by pounding the stone. Morion-Puru. —Shareholders in the above Company this week authorised the directors to dispose of the property.

Golden Hill (Manaia). —A favourable offer has been received for this Company’s property. Barrier Gold and Silver Estates. —This property comprises an area of 2,100 acres, and it is claimed that many important reefs traverse the ground. Work has been commenced with a staff of 16 men. Thames Hauraki.—News was received from London that the first shipment of machinery for this Company will be despatched within the next ten days. Devon (Wharekeraupunga).—One of the Tavistock reefs is out cropping near the boundary of this property. Native Chief (Coromandel). —The reef is iBin wide, and shows gold in the stone. European.—A sample of stone taken from the reef just discovered shows by assay test a value of £l5 per ton at the outcrop of the 2ft reef. Bendigo (Thames). —Gold is showing in the stone from No. 1 reef.

Leading Wind (Manaia). —Two new reefs have just been opened up, one two feet and the other three feet wide, from which good prospects are got by pounding. Waipeke (Kennedy Bay).—Several reefs and leaders have been located on this mine, all of which are goldbearing. One of them, 8 feet in thickness, has given very fair prospects by pounding and washing. King of the Range.—A leader which gave very good prospects of coarse gold by pounding was discovered in this mine during the week. Bunker’s Hill (Coromandel). —When breaking down No. 1 reef gold was seen in the quartz. In the leading stope the reef showed some strong blotches of gold when also broken down. Waitekauri Reefs.—The new reef in the Waitekauri South mine runs through this ground. This reef prospects well, and is a fine body of stone. Hauraki Associated (Coromandel). —Another 741 b of specimens and picked stone were obtained from the east lode this week.

Grace Darling (Waitekauri). —The reef in the Portsea low level has improved considerably, and is now about 4 feet 6 inches wide. Welcome Find (Coromandel).—The southern lode has supplied 4olbs of specimen and picked stone. There are about 30 tons of general stuff on hand from here which should crush well. The same lode at the intermediate level averages six inches in width, and shows colours of gold when broken down. Harp of Tara (Tairua). —At the extraordinary general meeting of shareholders of this Company it was resolved that a further extension of time of option for two months on the same terms and conditions as originally accepted, be agreed to. Madge (Kennedy Bay).—Mr Geo. S. Graham, who offered this claim in London, received a cablegram that it could be negotiated on the terms offered. Golden Waitekauri.—At a meeting of the shareholders in the above Company held this week it was decided to acquire additional property or properties to increase the area of the holding either by shares or shares and cash, and it was decided that the capital of the Company be increased by the issue of 20 000 shares of 2s each nil paid up. Stanley (Karangahake). — A great improvement has taken place in the appearance both of the lode and the country.