MINING.

Gisborne Times, Volume XXVII, Issue 2627, 8 October 1909, Page 4

MINING.

AUCKLAND STOCK EXCHANGE. (Special to “Times.”) AUCKLAND, October 7-To-day was a quiet day, with sales of Waihi at £9 17s. Junction 51s to 50s 9d, Consolidated 5s 7d to os 6d, Talisman 53s 9d to 53s 6d to 53s 3d. Crown 6s lOd to 6s 6d. Broken Hills 2s 4d to 2s 3d to 2s 4d, Golden Hills 6s ltkl to 6s lid, May Queen os Id to os, Sylvia 5s 9d to 5s lQd to 5s 9d, Saxon Is 6d, Victoria Is 7d, Waiotahi 5s 6d to 5s .3d, Watchman 2s lOd, Consolidated Goldfields 2Ls, Pride of Tokatea Is to Is Id to Is to ll|d to Is to Is, Royal Oak 3s Id to 3s 2d to 3s. do (paid) 3s 3d to 3s -5d to 3s 2d, Glamorgan 6d to 7d to 61d to 7d. The closing prices were:— Whi—Sellers £9 17s 6d, buyers £9 16s 6d. Junction —51s 3d to 50s 9d. Do Options—27s 3d and 26s 6d. Extended —5s 3d and 5s 2d. ~" Consolidated —5s 6d and os sd. Crown—6s 6d and 6s 4d. Talisman—s3s 6d and 53s 3d. Broken Hills —2s od and 2s 3d. Golden Hills —7s Id and 6s lid. Dixons —ll|d and 10fd. Caledonian —Is Sd and Is 6d. May Queen —5s and lid. Sylvia—ss 9d and os Sd. Saxon —is 6d and is -3d. Thames —9d and Sd. Victoria —is Sd Waitangi—-3s Sd and 3s 7d. Watchman—2s lid and 2s 9d. Consolidated Goldfields —21s 3d and 20s 9d Hauraki—2s Gd and 2s od. Royal Oak—3s id and 3s. Do (paid)—3s od and 3s id. Bendigo—S|d and 7d. Handsworth —Is 2d and Is Id. New Waitaia —Is tel and Is 2d. Glamorgan—7ld and 6|-d. Pride of Tokatea —Is Id and Is.

NEW ALPINE MINE

(Special to “Times. ) GREYMOUTH, October 7. The New Alpine mine manager reports for the week ending otn inst.: “The north face in No. 14 level was extended 15 feet. The total north is 210 feet from crosscut. This should have been ore. but during tlie week we got blocked with mullock, when our winding arrangements were upset. The ground has been very hard, bad drilling and blasts very poorly. On the 2nd rest there was a small leader came into the face and lying ver v 'hat. It was the nicest looking stone I had seen in this level so far. li opened out to 15 inches on October Rli, but to-day only measured 12 inches. It shows fine gold in tlie dish prospects, and samples assayed show its /a*ue as about 14£dwts. The reef in tie stope is still very flat, both ;n the undothe and the strike. The reef here viJ average 4ft in width, and is good crushing dirt. One hundred and seventeen tons were sent- to the battery tor the week,, making a total of 282 tons. A RICH REEF STRUCK AT WAIPORI. . (Pick Press Association.! DUNEDIN. Oct- *- The Waipori correspondent of the “Evening Star” states that a wonderfully rich stone has been opened up m the Canton reef, adjoining tlie 0.1 vmine at Waipori] Three pounds weight of stone is estimated to yield trom to £4O worth of gold. The reef was prospected some rears ago and abandoned. The present prospecting iia - s been going on for about- three months. The reef is being developed by a syndicate composed of Waipori and Dunedin residents. Several rears ago the reel was opened up by a party of Chinese, who were unable to cope with the water and had to abandon it- in a spasmodic kind of wav has i*een cornea on now and again bv Europeans in attempts to develop the reef, but all coded m failure. Afcw months ago, however, Mr. Lewis Pearsall induced a tew others to join him to find funds to goo the reef a more systematic trial. * ' first shaft was sunk to a depth of otin. and then abandoned ; and the syndicate, who now hold the lease, sunk another 25ft.. and drove from that The reef, which has been eat. runs from lit to Ift 6in in width: and some of the stone is practically a mass, of PJW gold. One piece, 32 ounces m v<e! p ' yielded 12 ounces of gold, and another 6 ounce piece gave 3 oun«* ™ there is even- indication of the r being permanent and very rich.