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MINING INTELLIGENCE.
Gold.
Goddard's Amalgamated.— The first ordinary
general meeting of this Barossa Gold Mining
Company was held at the Gawler Institute on
Mondav. Mav 1. Mr. James Martin Dresided.
Mr. E. Lane, the Secretary, read the report and
balance-sheet, the latter showing £1,031* paid in
calls ; liabilities, £63 ; balance in Bauk, £229
14s. Id ; outstanding calls, £71 ; and uncalled
capital, £10,890. The report stated that the
work at tho mine had been continued without inter
mission. After attaining a depth of 125 feet in
the present shaft it was found necessary to erect
a whim, and since then a further depth of 95 feet
bad been sunk. The total depth af the shaft is
220 feet. All the work has been clone by
contract, tenders having been called at different
times, and the lowest was in each instance
accepted. Some fine leaders have been cut
through containing yellow ore that is likely
to make a good lode to the east. At 183
ft. a large leader bearing very tiue gold, at 200
ft. a smaller one much richer in copper, and at
the present depth a cross- leader have been struck
dipping north, cutting off all other strata. It
carries copper, other descriptions of mineral, and
felspar throughout, and it is believed will lead to
the reef. It is the intention of the Directors
to push on the work with the least possible
delay and on the most economical system.
TflB Lady Alice.— An extraordinary special
general meeting of this Barosaa Gold Mining
Company was held in the Institute on April 27.
The meeting was represented by about 20 of
the principal shareholders. Mr. James Martin,
J.P., Chairman of the Directors, presided. In
front of the Chairman were placed several excel
lent specimens of quartz and copper, studded
with pold, taken from the mine the previous day
by the Directors. One of the pieces weighs over
a hundredweight, and some of the others were
considered equal to any that have yet been un
earthed from the mine. The Chairman ex
plained tbe reason for calling the shareholders
together in order to increase the capital to the
extent of another issue of 12,000 shares, which
would be wanted to develop the resources
of the mine. The capital might not
have to be called up, but the Directors
must be fortified with that authority in
order to secure an overdraft from the
Bank. The Directors' report, which waa read,
stated that at tho last annual meeting ia Feb
ruary the balance-sheet showed a debit of
£1,449 19j. 2d., against £3:000 capital, to be
called up on the 6,000 shares issued in January,
1874 ; but this £1,449 It's. 2d. did notrepressnt
all the liabilities of the Company at the date of
the meeting, as it was made up to February 21,
and outstanding accounts, wages, &c , have been
since rendered, amounting to £433 19i. 4d.; and
for poods previously ordered account of plant,
£122 15?. lid.; total liabilities, £2,00(3 14i. 5d ,
against uncalled capital of £3,000; real availabb
balance at date of meeting, £993 5s. 7d. Finding
their available balance very small, and each fort
uightly pay-shoot leaving a considerable I033 oa
the gold and copper produced, while tha de
velopment of the mine was aluiostat a standstill,
the Directors visited the mine, ani fo;md
that the mine was being- worked under
great disadvanteges for the want of
more capital. They therefore decided to ask
for the issue of 12,0uQ shares cf £1 each.
The Chairmau said the amount of gold
taken out of the mine was 3 P98 ounce?,
amounting to £15,289; copper, £',2.225, besides
about £160 worth in hand, making the
total value £17,665. The total amount of capital
when called up would be £9,900; there had been
paid in dividends, £3,850, leaving a debit
balance of actual capital sunk in the mine,
£6,050. Against thfe the plant had cost £5,030,
so that there was only a low of £50 of the share
holderis' money. A gor.d do.il of monay is
naturally wasted ou starting any new mine, ana
they could not blame the former Directors.
After discussion the report was adoptad, and a
resolution sanctioning the new issue of shares
was carried. The Bunvip understands that oror
10,772 out of the 12^000 shares of the second
new issue of the Lady Alice Gold Mining Com
pany have been applied for already.
LaDY EDITH.— An extraordinary general meet
ing of this Barossa Goid-mining Company was
held at the Town Hall Buildinga, on Monday,
April 24, to consider the desirability of windiner
up the Company. Mr. J. M. Solomon, Chair
man of the Directors, presided, and there was a
moderate attendance. The Chairman said the
Company had been labouring under the dis
advantage of having a large numbsr of small
shareholders scattered over the colony, and con
sequently had greskt difficulty in collecting calls.
It htd therefore been deemed expedient to wind
up the affairs. Mr. Williams, their manager,
was, however, still very sangaine as to the result
if a drive were ran 30 feet further. They had
suspended operations for three months ia the
aope that something more pronistng would ba
discovered, but now that tbe Lady Alise Mine
wa» not showing to advantage there wo'ild be a
difficulty in getting in the calls if they decided
to ap on. It was reeolved that the Company
?hould be wound up, and Messrs. J. M. S3lomon
ind F. S. C. Driffield were appointed liquidators,
with a remuneration of £25. In answer to a
shareholder, the Secretary siid that tho oat
itanding debts were £10S 8s. 41., whilst tha
imount which could yet be collected from calls
was £284. A shareholder asked if the mine
would still belong to the Company. The Chair
nan said it would until sold, and prjbibly a
purchaser would be found for the Ieas3
rod plant. At a special general meeting,
leld in the Town Hall Buildings on Tuesday,
Hay 9, nineteen ?hareholders, representing
1,200 share*, were pnutnt, «hber par
Eonally or by proxy. Tne resolution! paaaed
on the 24th ultimo, for winding np ttw
Company voluntarily and the appointment of
Messrs. J. M. Salomon and V. S. C. Driffield as
liquidator?, at a remuneration of £25, were
confirmed. A finance memo, was read, showing
— Liabilities — Bank overdraft, £56 2s. 5d., and
current outstanding account, £30; and assets—
Calls outstanding, considering all good, £152 la.,
leaving balance of assets over iiabilitiea of
£165 18*. 7d.
Boon's Gold Mike.— A meeting of share
holders in this Norta-Eastern Gold Mining Com
pany was held in the Town Hall Buildings on
Friday, April 28. Mr. W. S. Douglas presided.
There weie 30 shareholders present in person and
by proxy, representing 3, 733 shares, lhe Chairman
stated that the workings could not be carried on
successfully without another shaft being sunk.
The present Manager had been indefatigable and
had shown from his report that sinking another
shaft was necessary. The mine made a great
deal of water and required much work to keep
it dry. A further call of Is., to be divided into
two calls of 6d. each, would have to be made.
The Directors reported that, in accordance with
the plan they proposed to pursue at last
general meeting, they entered into a contract
for skildng a new shaft with a view to cut
the reef that Staples had discovered
at a depth of about 80 feet. When that depth
had been attained they came upon blue rock
again, thu shutting an end to the contract, which
was to terminate when the blue rock was
reached. They then instructed the contractor,
Mr. Bell, to aim for Staples reef, which he did
though in a circuitous manner to avoid some
Vfry hard ground. From Mr. Bell's report,
which was read, it appeared that he was most
sanguine of the ultimate result of the reef, if the
shareholders would consent to do as he advised —
viz., sink another shaft about 120 feet west
to cut the reef at about 120 to 130 feet depth,
which he estimated might be done for £450.
Professor Tate reported moat favourably of i tke
character of the mine. Mr. T. Millner proposed,
and Mr. Hamilton seconded—' That tne Direc
tors be empowered to make a call of Is. per
share, payable in two instalments, for the purpose
of developing the mine as recommended by the
Manager.' Carried.
Copper.
The Great Cobar.— Messrs. Hardie and
Gorman, of Sydney, wrote to us as follows
under date the 11th inst., regarding this copper
mine in the Darling District:— 'As some of your
readers are shareholders in the mine, and as the
Company's copper is all forwarded to Adelaide, ?
the following information may be of some in-
terest to them and possibly to others. The two
Companies known as the Cobar and Southern
Cobar were amalgamated at the close of last
year into one Company, called the Great Cobar
Copper Mining Company, Limited. Smelting
operations were commenced by the Southern
Cobar Company with one furnace in May, since
which time two additional furnaces and a re-
finery have been buiit. The result of smelting
operations to February 29 was as follows: — Ore
smelted, 2,830 tons, producing 315 tons of coarse
copper, 90 per cent, and 105 tons of refined
copper, or equal together to say 38S tons of
refined copper. Of this quantity, 85 tons of
coarse copper have reached Adelaide ; 12 tons of
refined and 51 tons of coarse copper are in
Bourke awaiting shipment. On March 1 there
were on the mine 178 tons of coarse, 93 tons of
refined copper, and 2,630 tons of ore at grass.
Good rains have fallen, filling all the tanks and
waterholee at Cobar, ss well as on the road to
Bourke. The three furnaces, with the refinery,
are in full work, and so soon as the Darling rises
considerable quantities of copper will be dis-
patched.
Yorke's Peninsula.
The Wallaroo.— The yield at the Wallaroo I
Mines is larger than ever it was before, the local
Times states. There is abundance of work for ;
all industrious men, and the construction of
appliances for extending operations is being
vigorously proceeded with. During the pre
sent mouth there will be three engines with ;
60-inch cylinders each at work — an instance
that has not been witnessed probably before [
on uny copper mine. The Wa&dilta engine, '
that has been made of an entirely different
character, is being housed at another shaft, and
is to be used for winding purposes.
The East Moonta.— An ordinary meeting of i
shareholders in this Yorke's Peuinsula Copper j
Mining Company was held at the Town Hall
Building6 on Thursday afternoon, April 27. Mr. j
W. S. Douglas presided. There were present ia
person and by proxy 20 shareholders, repre
eenting over 3,000 shares. The Directors' report
stated that the only matter of importance that
had occurred during the past half-year had bean
the receipt of a memorial from 14 shareholders
on Yorke's Peninsula, holding 2,202 allotted
shares and 1,000 promoters' shares, praying for
the resumption of operations. The memorial
asked that the mine might be worked pendir g
discovery at an outlay of £50 per month;
that the local Director, Mr. 'J. Assheton,
* hould be empowered to put men to
work and to suspend operations when
he thought it expedient ; that a reward
of £250 should be offered as an inducement to
discovery ; and tbat a call of sixpence per share
should be made not more than 15 days after
resumption of work. In conclusion the
memorialists expressed their good opinion of
the property, and thought that a moderate but
judicious outlay on the mine would lead to
.vatisfactory results. The Secretary had replied
to the effect that the Directors had resolved that
before the operations were resumed it would be
well to obtain the opini-n of the shareholders ac |
a special general meeting, and that they had no j
objection to call one for that purpose, and also !
to consider the present anomalous position of
the Company with a view to placing it on a
proper footing. The Directors stated that from
certain indications it would appoar that the
shareholders on the Peninsula wera not sataned
with the action of the Board, and they consi
dered that they had no other coarse to pursue.
Without the sanction of a general meeting they
would not have bean justified in resuming the
work on the mine and making fresh calls, owing
to the erroneous manner in which the Com
pany was brought out in the first instance.
It was a question of great doubt whether
those shares which had been forfeited could
not have been reinstated should there be any
discoveries to make it worth while under the
circumstances. While there was more than
sufficient money in hand to reform the whole
affair and put it on a propor footing, and whi'.e
the workings wero at a standstill, it would
appear to be the very time to carry out the
chaage advantageously, without which change
the Directors were convinced no good could be
done. They took the opportunity to point out
that while there were 2,000 promoters' shires
there were only 4,393 contributing shares left to
work the mine with, no 'less th-.n 1,482
shares having been surrendered aud
forfeited previously. The Chairouu moved
tha adoption of the report and balance-sheet
which was also read, and Mr. R. Cubans
seconded. Carried. The meeting then closed.
A special general meeting was then held to
remove the present Directors, The Chairman
said the Directors were perfectly willing to go
out. The operations were suspended because it
was believed to be in accordance with the general
wish of the shareholders. Tha Adelaide
Directors had surrendered their shares.
Mr. AEaheton did not think there was any
blame to be attached to the Directors,
for they had seen the want of interest shown by
the shareholders, and coupled that with the mis
fortunes of the mine. He moved a rote of thanks
to the retiring Directors. Mr. Peattie seconded,
ani said confidence was felt in the mine, which
only required to be worked judiciously. There
were three or four good lodes and a prospect of
getting copper ore at a depth of 10 or 12 fathoou.
The motion was carried. Mr. Anheton moved,
and Mr. Peattie seconded, that the present
Directors be removed. Carried. The following:
Directors were then appointed:— Messrs. T.
Peattie, C. Drew, H. Cavill, J. Assheton, and F.
Mitchell.
Divon Consols.— The half-yearly meeting
was held at the ofice of the Secretary, Mr.
Whitinston. There were 20 psrasns present, '
representing 4,200 shares. Mr. F. J. Blades
presided. Tbe reports and balance-sheet were
adopted. The Directors in their report stated
that the general balance in favour of the Com- '
pany was £6,683 11s. Id., and the available
assets exceeded the liabilities by £73 6i. 7d., '
independent of the ore at grass and now bnng -
raised. The capital of the Company now to be
called np was £9.S09 7s. Ql The operations at
the miae doling the half-year had been very
favourable, ae the ore returns yielded duriag
that period £3.800 Is. Ud. The total quantity
of ore raised since May, 1873, was 1,903 tons.
At the special jreneral meetings of the Company,
held January 28 and February 14, the capital of
the Company was increased by the issue of 4,800
new sharee, which had all been taxen up but
715. The necessity of this increase of capital
had been fully pointed out. Daring the half
year only two calls of 2-. 6d. each had been
made on the old issue, and 2s. 6d. application
fee on the third issue ; and to avoid heavy
calls on the shareholders the Directors were
practising the strictest economy in the manage
ment of the mine. There were various opera
tions it would be desirable to carry out for more
fully developing the mine, but these were de
ferred for the present, until the increased ore
returBs enabled them to do so without making
calls on the shareholders for that purpose.
Mr. T. Richards, the Visiting Director, was at
the mine on the 25th instant, and had reported.
Captain Northey, in an exhaustive and detailed
report, stated that the mine was never in a
more heaithy position than then, and in a bhort
time would be in a position to pay her way. As
soon as No. 1 winze, in the bottom of the 35, was
holed to the 45-fm. level they would be in a
bettor position to raise ore than they had ever
been before. To meet the cost of the works at
Hoskiog's and Harrjs'St between the 35 and 55,
they had pre ground about 40 fins, in length and
20 fms. in depth, which would amount to 800
fms. available for stoping, which, at an average
of 6 tons per fm, would amount to 4,800 ton3 of
ore of 14 per cent. This was below the value of
No. 1 winze, in the bottom of the winze at the
35. The total number of hands employed on the
mine wai 74.
Thjb KoHih'OOR.— A meeting of this Ycrke's
Peninsula Copper Mining Company was held at
the Secretary's office, No. 3, Register-Chambers,
on Wednesday morning, May 10. Mr. W. K.
Simms presided, and shares to the number of 1,919
were represented. The Directors' report showed
that the Company owed the National Bank £79
68. 3d., and they desired the Company to pay off
the debt The balance-sheet stated that £939
18s. of capital had been expended, and that
there was uncalled capital amounting to £12,062.
The liabilities were £151 4s. 6d. against arrears
on calls £110 2s. A letter was read from Mr.
W. S. Olifent, the Resident Director, forward
ing resolutions passed at a meeting of the share
holders at Moonta, as follows: — ' 1st. That a call
sufficient to liquidate the debts of the Company
be at once made, and that all back calls be
placed in the hands of the solicitors for collec
tion without further notice; also that after
paying all calls due, shareholders wishing to
surrender their scrip for forfeiture may do so.
2nd. As soon as the present liabilities are
cleared off, that a call be made to resume
the working of the mine.' They also
recommended the reappolntment of the
Directors. The Hon. W. Morgan, M.L.C., and
Messrs. W. K. Simms, M.P., H. K. Hughe?,
J.P., C. H. T. Conner, J.P., and W. S. Olifent
were re-elected as Directors. The report and
balance-sheet were adopted, and it was resolved
— ' That the Directors should take into consi
deration the letter received from Mr. Oli;ent.'
North.
The Bukra Btjrra.— Captain Sanders re
ported on May 13 : — ' During the past month
the various parts of the mine, both at sur
face and underground, have boon pushed on
with all possible dispatch. From tho'open work
we are getting the usual quantity of ore, and the
same remark will apply to the tributo pitches.
Blorphett'a engine-shaft has been sank about 8
feet ; the part of the lode still iu the shaft has
improved bath in appearance and value. A
new feature in the shape of black oxiio of copper
has presented itself, which I consider to bo very
favourable, the colour of the lode being changed.
The 70 north is still producing some good stones
of grey ore, having neither wall of the lode
in this drive. We have started to crosscut
through the lode to prove its appearance on
each side, this dono we shall resume driving on
the most promising part. We aro driving from
Oraves's Shaft at the 50 to hole to the long cross
cut, and hope to effect a communication in
about a fortnight We have one pare of man
repairing and another sinking Peacock's air
shaft; also four men clearing and repairing level
towards this shaft at the 50; four men similarly
engaged in the 50-fm. level, from Paacook's to
Roach's, with a view of stopping the sand which
is constantly washing back with the water to
Morphett's Shaft, causing considerable annoy
ance and extra wear to our pitwork. Four men
are clearing out the sand from the 60 north
of Waterhouse's, so as to Btart the croscut
towards Peacock's air shaft. Bunco's Shaft 13
still very hard, but we are making fair progress.
We are proceeding with opening the incline
tunnel to its proper breadth — nine feet wide
by Eeven feet high— have completed aboat 23
fms. during the last month, and have about 20
fms. more to finish it. The foundation for the
steam-hammer is laid and the hammer fixed.
We hope to get it at work in about a week from
date.'
Copper Discovery on the Bkltana Run.—
A discovery of copper by some working minera
has been made about 130 miles from Port
A'leusta, situated in a locality known as Black
feilow Creek, at the foot of Flinders Range,
about H miles from North-west Road. Tho follow
ing particulars have been taken from the report of
Captain Mathews, who was sent up to the dis
covery.— 'About 500 yards from the creek ara
two or three small riaes of sandstone and clay,
and west side of the discovery the strata have a
very different feature from that generally met
with in the North, the underlay being nearly
vertical. The usual underlay of the North
strata is oftener from 3 to 4 feet in 6. 1
find both east and west of this largo copper
bearirg lode the sandstone is very regular,
which spoaks well for its productiveness in depth.
The discoverers have sunk a snnll shaft about
4 fms. deep, carrying ore from the surface to
bottom. At the bottom of this shaft a drive ha3
been put in east 15 feet, and the workers have
come to a soft san jstone wall, but the western
wall has not yet been seen. From the surface
appearance I should think the lode at this depth
would be from 25 to 30 feet wtda. Ten feet
north from this shaft the earth has been stripped
from the back cf tho lode for about 20 feet by
30, and about 2 feet deep, showing good car
bonates throughout. Twenty-five fms. further
north of this is a pit 2 feet deep, showing
the same class of ore. I estimate the lode for the
whole width as brokeD to contain one-third ore,
of over 30 per cent., which can be got ready for
market by simply washing at a mere nominal
cost. The cost of main drives large enough to
admit truck roads will not exceed £3 per fm.,
including timber, raid the ground can be stoped
for £2 per cubic f m. 1 estimate one cubic fm.
to weigh 12 tons as broken, which will contain
four tons of over 30 per cent, ore.'
The Sliding Rock-.— This Far North copper
mine is still yielding rich ore; and the onlj draw
back now being experienced is the waut of fire
wood, owing to the scarcity of teaci3 in such a
bad season.
Silver Lead.
The Eahxdorf Silver-Lead Mini.— A
meeting of subscribers to this venture wa3 held
at Mr. Ide's Union Hotel, Hahndorf, on April
29. All the members were present, and Mr. C.
Bom presided. The Acting-Secretary, Mr. W.
S. Whitington, read the statement of accounts
for the quarter ending April 22, which was
adopted, Mr. Laeuhs, the manager of the
working party, stated that they had opened and
traced the lode by costeening-pjts and shafts for
121 yards, the second coeteening-pft showing a
course of rich steel-grey and carbonate of lead
12 feet wide, and in the third shaft he had just
cut the ore again equally rich. The bearing of
the lode was north-east, dipping north from the
workings, fie had got three piles of ore— about
18 tons— and he could now raise ore in quantity
if the shareholders wished it broken out. The
question of forming the mine into a public Com
pany was discussed, when it was determined to
carry on operations as at present; and as it wa?
probable the wet weather would soon set in and
interfere with the open surface works, Mr.
Laeuhs was instructed to begin taking out the
ore in those placet.
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