NONPAREIL.

New Zealand Graphic, Volume XIX, Issue VIII, 14 August 1897, Page 234

NONPAREIL.

AN EXCELLENT RETURN. This Thames mine continues to turn out gold in a very fair proportion to the amount of money spent on development work. This week cleaning took place, when 30 loads of quartz from the Liverpool Boys’ reef yielded 730 Z of gold. A parcel of four tons of ore from the Wade reef treated separately to ascertain the value of that lode returned six ounces of gold. This gives a total return of 790 ZS of gold from 34 loads, value Z 212. Reports from the mine state that gold is seen freely through the general dirt broken from the stope from which seven pounds of picked stone were obtained last week. GREAT BARRIER ESTATES. At a meeting of shareholders in this Company held in Mr George Elliot’s office resolutions were passed authorising the directors to sell the property subsequently. A deed was signed granting an option over the property to the Melville and New Zealand Co-operation (Ltd.) and the first payment of /100 was made. Representatives of English capitalists seem to have a particular liking'for Great Barrier properties, quite a number of working options having now been taken up by Home syndicates.