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MINING NOTES.

New Zealand Crown Mines. —The interim dividend of is per share was paid this week to shareholders in the above Company at the office of the New Zealand Exploration Company, Victoria Arcade. Bay View. —A few pounds of stone broken from the reef in this mine were placed on exhibition at the office of Mr J. H. Harrison. The stone was of a very good class, and showed coarse gold. Egerton.—At a special general meeting of shareholders in the above Company held in Mr S. H. Matthews’ office, resolutions were adopted empowering the directors to dispose of the Company’s property, and also authorising them to execute the necessary deeds for that purpose. Great Mercury.—Work was resumed on this Kuaotunu mine last Monday, Mr W. Williams, late of the Thames, being appointed manager. The operations will be supervised by Mr Rigaud, a gentleman of experience who has been sent over from Anstralia by the Sydney directors for that purpose. Hikutaia Gold Syndicate.—The Marototo reef recently cut in the low level proves to be 18 feet wide. Ivanhoe (Karangahake).—The crosscut from the river level is now in 380 feet, and it is expected the Crown reef will be intersected in about another 50 feet. Hastings.—The various leaders and stringers that were appearing in the face of the neper drive have concentrated and formed a strong well-defined reef comprised of eighteen inches of good-looking ore, giving dish prospects. Star of Tairua. —Three reefs have been cut by trenching. One is 2ft wide of quartz and 2ft in rubbly quartz, another is 12ft wide and solid, and the third has a width of 20ft. Victoria.—The leader above No 3 level has shown more gold than usual, and consequently yielded a little more picked stone. The intermediate stopes have also yielded a little more gold this week. Moanataiari North.—The reef at the low level is fully iBin thick, and during the last few days colours of gold have been seen in the stone. Hauraki North.—ln the western drive seaward the reef is making into more quartz, and gold is again showing. The manager has retorted 1740 Z of amalgam for the return of 340 Z ndwt of melted gold, value /102. Four-in-Hand. — The ore coming to hand from the main reef at the low level is of good battery grade showing gold at each breaking down. De Hirsch. —At an extraordinary meeting of shareholders in this Company held in Mr S. H. Matthews’ office.it was resolved ‘That the Company be voluntarily wound up.’ Kinsella’s Freehold.—The ordinary half-yearly meeting lapsed for want of a quorum. The statement of accounts showed receipts Z 323 is 6d, and expenditure /320 7s 7d, leaving a cash balance of £2 13s nd. Big Reef (Thames).—Eight feet of the large reef on the footwall side produces a good prospect of free gold. Hauraki North.—The reef westward shows iBin of solid quartz, and the manager states he feels snre that there is gold near again. No. 2 reef has been cut in the crosscut and is a fine body of stone measuring two feet. Barrier Reefs.—The low level is in 92ft, and blue sandstone country has been met with. Water is running out of a small stringer in the face. The stringer is highly impregnated with mineral, principally iron pyrites and streaks of sulphide. Four-in-Hand.—Gold is still seen freely distributed through the hangingwall leader. Owharoa. —The annual meeting of shareholders lapsed for want of a qnorum. The statement of accounts showed receipts /802 17s 8d and expenditure /74s 16s id, leaving a credit balance of Z 54 is yd. The sum of Z 379 13 s 2d had been paid in wages, for mine materials, and plant.

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Permanent link to this item

https://paperspast.natlib.govt.nz/periodicals/NZGRAP18970814.2.16

Bibliographic details

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

Word Count
617

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

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