MINING NEWS.

New Zealand Graphic, Volume XX, Issue XXV, 18 June 1898, Page 764

MINING NEWS.

SHAREMARKET. THE returns from the principal mines came in during- the last lew days, the result being an output reported during the week of £27,735 1/8. The total output of bullion for the month, as from mail to mail, was £37,230 19/5. The return from the Waihi this month was about £4,000 below the previous one, which it will be remembered was a record yield of over £ 22,000. This time a lesser quantity of ore was put through the mill, and the yield was £18,708. The Crown Alines return was a better one this month, as a lesser quantity of ore yielded a better yield than that of the previous month. The Royal Oak return once more illustrated the richness of Coromandel, 104 tons having returned over £ 1000 worth of gold. The Komata Reefs return also was a satisfactory one, as 93 per cent, of the assay value of the ore was obtained. It will be noticed in the monthly gold output that Kuaotnnu mines "this time contributed over £1,200 of the total, and it is to be hoped this section of our goldfields will continue to add its quota of bullion in the future. An attempt to obtain a subsidy of £3,000 from the Government towards the cost of testing the deep levels in the Mariposa mine did not succeed. The Coromandel Harbour Board this week decided to abolish the wharfage dues which have in the past been a great grievance to English companies. The Waitekauri Jubilee Company had a trial run of the battery this week, when everything worked stisfactorily. At the Monowai mine matters look so promising now that the directors have decided to erect another 40 head of stampers. Shares in this company have had steady demand during the week on the Exchange at 5/10, but now there are no sellers under 6/3. The local shareholders in the WaihiSilverton Company have taken up all the new allotment, evidently having faith in the future of that property. Powerful pumping machinery has been secured for the VVaihi Grand Junction mine in order to successfully cope with the heavy flow of water and enable the reef cut some time ago to lie opened up. According to all accounts this company seems to have cut. one of the lodes so successfully exploited in the Waihi mine, which adjoins the Grand Junction property. In connection with the output of bullion it is worthy of note that although the sharemarket is dull both here and in London, still the gold won for the first half of the year 1898 is over £61,000 more than the amount obtained for the same period in 1897. This is the best evidence that could be offered that the mining industry is steadily improving, and must in time convince investors that with economical management the lodes in the Hauraki Peninsula will pay. NONPAREIL. Gold is seen more freely in the third stope on the Wade reef, and a few pounds of picked stone have been obtained. YOUNG NEW ZEALAND. About 20 tons ore from the winze on No. 4 reef have lieen sent to Auckland for treatment at Messrs Eraser and Son’s plant. MOANATAIARI RETURN. The result of the past month’s crushing operations at the Moanataiari mine was disappointing, 877 tons of ore having only yielded bullion worth £745 Is Bd. KAPANGA COMPANY. Gold continues to lie got in small quantities from this mine, a return of SOozs being obtained this month from 30 tons of quartz and 48lbs picked stone, valued at £240. The tributers Horne and Johnson have struck some very good gold, and everything points to another patch like the first one. WAIHI-SILVERTON. Out of the 53,000 shares in the new company offered on the London market. 50,000 were applied for by the 23rd of March and still more applications were expected. As regards the shares offered on the local market all have been taken up with the exception of a small number. The allotment will take place shortly. QUEEN OF THE NORTH. There seems to be a very good prospect liefore this mine, as during"the past month

29lbs of good picked stone were obtained, wortli alsmt £5O. Both the Swedish Crown Reef and Peep of Day leader are io iking well. Doubtless a crushing will be obtained during the coming month, as several good parcels of picked stone are in hand. MONOWAI. It has been decided to erect another 40 head of stampers at this Waiomo mine thus bringing the crushing power up to 50 stampers The free ore from the Gem section presents no difficulties in treatment. That from the Monowai section yields a good percentage by the wet process on the table. The residue is treated by the cyanide process. KAPANGA TRIBUTERS. The Kapanga tributers, Messrs Horne and Johnson, crushed during the past month seven tons of general dirt and 50 lb of picked stone for a return of 88oz 14dwts of melted gold, valued £260. On Friday 181 b of picked stone was obtained. In another month the present block will be worked out, necessitating sinking again. KARAKA BLOCK. From the stopes on No 3 reef ore of very fair grade is being obtained. The reef has been ent on the other side of the slide in the south end of the low level, and is producing ore of first class quality. In the north faee the reef also gives loose prospects of gold. Almut ten tons of ore are now ready for treatment and arrangements have been made for the crushing. WHARF DUES REVOKED. At the last monthly meeting of the Coromandel Harbour Board the question of revoking the wharf dues was brought before the members. On the motion of Captain Swindley, seconded by Mr McFarlane, the revoking of by-laws 12, 13 and 14 was carried. The result caused great satisfaction in business circles, as it will put an end to the long standing friction between the Board ami English mining companies. MOANATAIARI. The Cambria lode is eight feet wide at its narrowest part, and widens out to over thirty feet in places. Some of the leaders striking into the main body are thought to be highly payable. At the present time ore is being obtained from the Golden Age and No. 2 Caledonia, and it is expected that at some of the breaks good gold will be obtained as on former occasions splendid quartz was got from where the break was met with. GOLD RETURNS. OUTPUT FOR MONTH £37,230. The output of bullion from the various mines in the Hauraki Peninsula during the past month totals £37,230 19s sd. It is gratifying to note that as compared with the output for the first six months of last year, 1898 shows an increase of over £61,000.

WAIHI RETURN. £18,708 FOR THE MONTH. GRAND OUTPUT £722,293. The return for the past four weeks operations at the Waihi Company’s two crushing mills totalled £18,708, the amount of ore treated being 6,150 tons. This return is not as large as the

one for the previous month, bnt this is due to the fact that there were over 500 tons less of 01 e treated during the past four weeks. The total output of bullion from this mine has now reached the value of £722,293 2s lOd. The following table shows the return per year from this mine since 1890 :—

N.Z. CROWN MINES RETURN. £3,442 FROM 1,664 TONS. The N.Z. Exploration Company, by its general manager, Mr R. R. Hunt, reports that during the month of May 1,664 tons of ore were treated at the N.Z. Crown Mines for a return of bul • lion valued at £3,442. This is equal to £2 15/ per ton. The return is an improvement upon the former one, when 1,667 tons yielded £ 3,081. MAY QUEEN RETURN. £559 FROM 262 TONS. During the past month 262 tons of ore were won from this mine and treated for a return of 2020zs lldwtsof bullion valued at £559 Ils 4d. The men at the Saxon section of this property have been temporarily knocked off owing to some of the winding gear requiring repairing. Ore crushed by May Queen Company was from No. 2 lode, at No. 6 level of Saxon. ROYAL OAK RETURN. £1,067 FROM 10J TONS. The result of the past month’s operations at this Coromandel mine is again satisfactory, gold worth £1.067 having been obtained from 10 tons of general quartz and 5451bs of picked stone. Last month three times as much general quartz and picked stone was treated, when the return totalled £2,302. KOMATA REEFS RETURN. The result of the past month’s crushing at the Komata Reefs battery is satisfactory in that the extraction under the wet process proved equal to 93 per cent, of the assay value of the ore. The total amount treated was 470 tons, which yielded bullion valued at £1,198 WAIHI-SILVERTON RETURN. £1,112 FOR THE MONTH. During the past four weeks this Company crushed and treated 1,000 tons ore for a return of 6850zs of bullion, the estimated value of which is £1,112. MARIPOSA RETURN. During the past month 250 tons of ore were treated by this Kuaotunu Company for a return of bullion valued at £243.

OHIN EMURI. Company tons & s d Waihi 6,150 18,708 0 0 Waitekauri 1,805 4,322 0 0 Woodstock 533 1,415 0 0 N.Z. Crown 1,667 3,081 0 0 W aihi-Sil verton 1,000 1,112 0 0 Komata Reefs 470 1,198 0 0 29,836 0 0 THAMES. Tons £ s d Nonpareil 5 150 0 0 Nonpariel Tributers 63 230 16 o Mahara Royal 240 453 2 0 Waitahi 90 401 8 0 May Queen 262 559 11 4 Moanaiaiari 877 745 1 8 £2,53919 5 KUAOTUNU. Tons £ s d Mariposa 302 402 0 0 Waitaia 107 434 0 0 Great Mercury 144 0 0 Mariposa 250 243 0 0 £1,223 0 0 COROMANDEL. Tons Pk. stone £ s d Hauraki Associated 30 769 0 0 Kapanga 30 48 240 0 0 Kapanga Tributers 1 40 61 0 0 Hauraki 150 98 1,213 0 0 Tokatea Consols 44 273 0 0 Royal Oak 10 545 1,067 0 0 Jersey .. 1* 9 0 0 £3,632 0 0 Total output £37,230 19 5

Bullion won £ 8. d. In 1890 21,112 13 6 1891 23,935 5 11 1892 44,888 2 4 1893 61,900 10 11 1891 82,827 2 2 1895 .. 120,331 2 2 1896 .. 137,321 8 2 1897 .. 144.040 0 0 1898 to June 85,934 0 0 Total .. £722,293 2 10

WEEK’S GOLD RETURNS. Companies. Tons. Pkt. stone £ s. d. Waihi 6,150 . 18,708 0 0 Royal Oak 10 . 5451b. 1,067 0 0 W aihi-Sil verton 1,000 . 1,112 0 0 Waiotahi 90 . 401 0 0 Komata Reefs.. 470 . 1,198 0 0 May Queen 262 . 559 0 0 Moanataiari 877 . 745 1 8 N.Z. Crown 1,644 . — 3.442 0 0 Kapansa Tribs. 7 . 501b. 260 0 0 Mariposa 250. . — 243 0 0 Total £27,735 1 8