NOTES.

New Zealand Graphic, Volume XIX, Issue XXI, 13 November 1897, Page 650

NOTES.

Victoria.—Quartz coming to hand from stopes above No. 3 level shows little more gold. This same reef in the drive at the intermediate level also shows little gold at each breaking down ; both quartz ami country on either wall indicate that greatly improved class of ore should be met with as drive advances. The Victoria reef averages from six to nine inches in thickness, composed largely of silica. Gold seen very freely in silica. Kaiser.—This mine is looking exceedingly well. The reef, which is 34 feet thick, shows good gold and a splendid prospect is obtained on pounding. New Alburnia.—Cleaning up took place this week at the New Alburnia Company’s battery after a crushing of 200 tons. The yield of bullion was 960 z, which should be worth about £254. Jersey (Cabbage Bay).—About 171 b of selected stone have been deposited in the Bank of New Zealand as the result of the last week’s operations on the new leader. Good results have been obtained for a distance of about two chains on the surface. Karaka Queen. —Colours of gold are still frequently seen when breaking down the reef. There are about 100 tons of ore ready for crushing, which will be commenced in a few days. Bunker’s Hill.—ln taking down the footwall branch of the /reef in the winze a few colours of gold were seen, but an unfavourable class of country made its appearance in the bottom. Adelaide. — The reef formation In the south end of the winze is about a foot thick and composed of a number of stringers. The reef is more compact at the north end and strong colours of gold were seen at each breaking down. Hinemoa - Ilauraki.—The country seems to be changing from brown sandstone to nice blue country, heavily charged with bright minerals. One or two very small quartz veins have also been met with. Welcome Find (Coromandel). —There is now 801 b of picked stone on hand, anil Ibe general ore is being classified In two grades preparatory to forwarding it to the Thames for treatment. A fair return is anticipated from the whole. Gloucester.—The erection of a horse whim has been completed, and as soon as the water has been lowered tenders will be called for resuming sinking of shaft a further depth of 70 feet. Komata Reefs.—One bar of bullion has been sent in from this mine. The final cleaning up is not yet completed. Temple Bar.—The reef at the low level has been intersected. Colours of gold can lie seen in the stone. MEETINGS OF SHAREHOLDERS. The following meetings were convened this week : — Waihi Monument. —A meeting of shareholders in this company was held in Mr D. G. McDonnell’s office. The balance-sheet showed total receipts. £*6s 10s sd. and the expenditure left a credit balance of £lO9 Ils. The chairman explained that outstanding liabilities, ineluding the uncompleted contract, would amount -to about £llO, and the call to come in would give £2os. The shareholders passed a recommendation to the directors to make the necessary calls to drive the low level until the reef was intersected. Crescent.—At a special meeting held in Mr Gilfillan's office shareholders decided that it be an instruction to directors not to prosecute any further work, and to dispose of the plant and tools. Leading Wind.—At an extraordinary meeting held this week shareholders resolved that the Leading Wind G.M. Company lie voluntarily wound up. Ilauraki North. A meeting of the shareholders who signed a requisition asking the directors of the Ilauraki North Company to call a meeting was held this week, being convened by private circular. It was resolved that Messrs John Kenderdine, W. Price. IL F. 1 mler. John Strathern. and William Thomas lie nominated as candidates for the |>osition of directors of the Company.

GOLDEN MOUNT. A meeting of shareholders in this company took place in Messrs Lusk and Rathbone's office, being held for the purpose of considering a proposal to amalgamate with the Golden Falls G.M. Company. A letter was read from Messrs Bewick. Moreing. and Co., who hold an option over the two properties, stating that they desire to amend the terms of the option over the properties. Ry the amended terms the Golden Mount shareholders get 40,000 shares in the company to be formed, while under the old agreement they were to receive £5.000 cash and 50.000 shares. The desirability of amalgamation with the Golden Falls was affirmed, on terms more satisfactory than are at present offered, and a committee with full power to act was appointed to carry out the amalgamation. LAPSED MEETINGS. The following meetings of mining companies called for Friday lapsed for want of a quorum :— Jupiter.—At Mr H. Gilfillan's office. Credit balance. £316 4s 4d. The directors' report stated that negotiations for the sale of the property would, they hoped, be completed shortly. Karangahake Company.—Receipts, £164 16s 9d. and credit balance, £7l Ss 4d. Wynyardton.—Credit balance. £92 12s id. Zion.—Credit balance. £2B. Pigmy.—Credit balance. £434 5s 4d. Prospect. — Credit balance, £B6 ISs 2d. Scandinavian.—Credit balance, £95 4s Id. West Derbv.—Credit balance. £l6 9s Id. Tamihana.—Credit balance of £259 15s lid. New Muster. — Cash balance, £3 11s 3d. Fiery Cross. — Total receipts. £1.032 10s 2d: expenditure. £994 0s 6d; credit balance. £3B 9s Sd. Prince of Wales.—Total receipts. £786 7s lid: credit balance. £2 19s 2d. Waihi \\ elcome. — Total receipts, £479 12s 4d: credit balance. £l9 13s9d. GOLD RETURNS FOR THE WEEK. Companies. Tons. £ New A’r.urnia 220 .. 254 Waiotah* .. ... 129 .. 357 Nonpareil .. .. 45 .. 152 Total for week£793