278
ed Aden, when it was discovered that her had collapsed, necessitating her return
to Aden for survey and temporary repairs. be repairs occupied 15 days and she continued
THE HONGKONG WEEKLY PRESS AND PUNJOM MINING ("), LIMITED.
The following is Mr. Bailey's report on the her voyage to this port under easy steam. Work done at the Panjom gold mines during
Augnst :-
the month,
TANKONG.
After arrival a thorough survey of the boilers: was held, and the furnaces set back in accord.
Adit levels.-A little low grade ore was stop- ance with the recommendations of the surveyors. and no farther trouble has been experienced.ed from these levels and sent to the mill during Except for accident, in connection with which It must be mentioned that not the slightest blame is attached to the engineroom staff, the steamer has proved a valuable acquisition to the fleet, admirably adapted for every branch of our trade as necessity may demand.
After considerable trouble with the contrac-parts of the mine. tor, the New Wharf has been available for use
since the 1st of July last. One side is let to Messrs. Butterfield & Swire, the other side being utilised by the Company's steamers.
The steamers have been maintained in their usual state of efficiency; the Formosa having undergone a very extensive overhaul.
In conclusion it may be mentioned that the amounts appearing as freights due and accounts receivable on 30th June, have all since been collected.
CONSULTING COMMITTRE.
|
Level No. 1.-(50 foot level.) North drive from crosscut No. 1.-This was discontinued for the present, the ore it was on having out out and it being impracticable to continue it now, and keep up the work being done in other
Stope No. 1.-Au uprise was put through to the adit levels from the stope a distance 22 ft., being practically a part of it. This uprise was on good ore all the way and this stope continues to give us considerable good ore, the ore body im- proving in regularity somewhat as the stope
progresses.
Stope No. 2.—This stope with the other work being done on ore is giving us all the ore we can handle at the mine at present, and as it opens up is proving the ore body it is on to be even more entensive in width than it first ap- peared to be as developed by orosscut No. We are taking out the ore here some 30 feet thiok, which is not yet its full thicknes9.
Level No. 2. (100 foot level.) South drive from orossout No. 1.-Driven 12 feet, making a total of 58 feet from orossout on the lode, which continues fairly well defined only and of bus low_grade.
Since the last general meeting, Messrs. R. Shewan, D. Gubbay, and the Hon. J. J. Bell- Irving have resigned, the vacancies being filled by Messrs. C. A. Thomes, E. Shellim and the Hon. J. J. Keswick. The Committee now con- sists of Messrs. C. H. Thompson, C. A. Tomes, ́E. Shellim, and the Hon. J. J. Keswick. In
Northwest drive from shaft.-This was dis- the terms of the articles of association all these gentlemen retire, but being eligible, offer them-continued, there being no particular indications
of anything of value ahead of it now. selves for re-election.
AUDITORS.
The present accounts have been audited by Messrs. J. H. Cox and W. H. Gaskell, who retire, but offer themselves for re-election.
Douglas LAPBAIK & Co., General Managers,
BALANON SHEEt for the Year ENDED 30TH JUNE, '899
$
LIABILITIES.
Capital; account:-
20,000 shares at $50
Reserved fand
Under writing account of the Company
Sundry accounts payable
Unpaid dividends,
Unpaid bonus
**Profit and loss" sooount
ASSETS.
FI
Value of the Co.'s steamers
"Halleong," * Formosa, "Haftan,” “Thales,” “Hai- mun and “Haiohing", 1,096.629 74 ¿Value of buoys'and moorings at Swatow, Amoy, Tamsui and Hongkong, steam launch and wharf at Hongkong
Loans on mortgage.
The H. & 8. Banking Corporation Vains of cos! in' stook.............
Freights das 80th June, 1899
54,544.53
Sundry socounts receivable from agencies, &c. Cash in hand
e.
South drive from northwest drive from shaft-Driven 21 feet from last above men tioned drive on what appears to be a lode or lode formation, and which gives us some ore, but only a limited quantity of comparatively low grade ore has as yet developed here.
This drive will cut the ore that showed well in the north drive from orossent No. 1 which had to be stopped because of a heavy run of | ground therein.
Uprise No. 1.-Continued up on the lede 13 1,000,000.00
feet, making a total distance of 24 feet up from 174,162.14
level No. 2. The lode is fairly well defined and 47,446.12 86,664.51
somewhat larger than it was before herein dar- 36.00 ing the month, being from 4 feet to 8 feet thick 188.00 in places, but is still of fair, rather low grade 96,672-88 only.
Product.-Almost everything from the work- $1,405,119.65 ings at this level was sent to the mill.
Shaft. This was sunk 11 feet and kept tim- bered as near to the bottom as advisable.
ດ.
SWAH.
No. 3 Adit level. (Formerly No. 3 cutting.) This level or drive bere was extended 55 feet, making it a total length of 245 feet and stopped, nothing of any value of promise having been cut in it and there being no indications seeming 1,161,374.27 | to warrant driving this farther.
61,500.00 53,328.70 13,189.00 86,112.22 48,074 24
781.22
No. 2 Workings. Shaft-This was started en a small lode or leader near the mouth of adit tunnel driven southerly thereon some few months ago.
It was sunk 25ft., the lode continuing fairly well defined though small, but getting larger in $1,405,119.65 | the bottom, and carries some gold all the way.
Surface prospecting.-some work was done in this direction here, by which the ore above men- tioned shaft is en, was located northerly acrosa a creek and gully, where some work will be 10,000.00 done on it.
Profit and Loss Account FOR THE YEAR ENDED 80TH JUNE, 1899.
To remuneratian to General Managers for
· offer expensés, for 12 months
To remuneration to Consutting Committee for
19 months
To auditors' fees
To exchange account
Te interest account
To balance
..
$
C.
GUBAU,
2,000.00
600.00 Level No. 1 South drive. Driven 36 feet 2,170.28 on the lode or vein which continued about as 777.49 it showed per last month's report, when this 96,672 88 drive was stopped, it seeming from other work done that it is not the "Gubau" lode proper $112,220.88
it is on, and the ore it is on does not appear to be worth developing further.
By proft on running the Company's steamers
to date.
3
C
By profit on coals supplied to steamers
Interest on mortgages account
By Bonuses received
By dividends on shares
By profit on sale of spare gear
[September 30, 1899.
and parts of it proved rich, nasaying, several ounces of gold to the ton.
South drive from Winse-This was driven 244 feet on lode-like formation and leaders and stopped, they not appearing to be worth follow- ing further.
MANIK.
A little further prospecting was done here and a little low grade ore mined, but nothing of value or promise being found work was again discontinued at this point.
GENERAL PROSPECTING.
A little general prospecting was done over our territory and quite a little quarts found, but nothing of vaine was discovered.
REDUCTION WORKS.
Mill-14 of our 22 stamps were run on
«Headings" and 8 stamps and one concentrator fall and two concentrators 18 days of the time on Tankong ore, treating ore and yielding pro- duct as follows :--
Ore.
Tons.
*Cono utrales - Gold Amal am Bullion Estimated 1,000 Tons dry Ane in weight.: Concentr.
OLS
028
Headings 1,792.5 453.30 159.09 124.40 43.66 Tankong 866 Total 2,658.5 577.70 202.75
(
50
223.44
50
223.44
• Assay value Tankong 4 os. 9 dwts. 9. grs. Bullion Assay here, Gold, 873.6-fine, välie, £3: 14:26
Bilver 109.15 „
3.2 @ 2. 5d.
Total value, £3 : 14 : 5.8 per oz.
31
LABOUR. Chinese labour for mining work. continue's short.
WATER POWER.
The rainfall was ample to enable us to run the mill by water power with the exception of a few days, during the month, when steam auxillary power had to be used therin.
HEALTH,
This has been very good generally; during th the month.
GREAT EASTERN AND CALEDONIAN GOLD MINING CO., LAMITED. The General Agents of the (treat' Eastern and Caledonian Gold Mining Co., Limited, Messrs. Luetgnes. Einstmann and Co., have received the following report from the mines, written by Mr. Thomas Cash
Since my report of the 6th July last, the following work has been done at the different mines to date :-
CALEDONIAN MINE.
The main drive north of the old main underlie shaft has been extended a further distance of 13 feet, making total length of drive from old face 18 feet. The reuf is from 3. to: 5 feet wide. At present the reef in the face is 5 feet wide and gives much better prospects than it did when the drive was started. The drill hole prospects from the face show about 8 dwts. per ton. At first I thought of sinking the air shaft to connect with the new main shaft' directly under the old underlie shaft, but as there is a break in the reef at the bottom of the old shaft we have decided to drive north on the reef 35 or 40 feet and then start the air shaft near the end, It will' then ́ be on the stone all the way to the new level. We will get out a lot of stone from the sinking and will be proving the reef for 70 feet deeper than the present old working. We have already broken about 50 tons of quartz from the drive. The poppet legs for the new main shaft are com. pleted and the truck line to carry the stone direct from the shaft to the battery floor is now bring erected.
BANK OF ENGLAND MINE.
The main drive north has been extended 9 feet, making total length from main shaft 84 feet. In the face there are two reefs, one the banging and the other on the wall. Each reef is about one foot
on
foot
Crossant west from south Drive-This was 72,931.48
2,668.75 driven 30 ft, and stopped. It passed through 5,467.88 á small lode on which a winse and drives north-wide and carries very nice mineral, also about
845.96 erly were started per below, and which is most 7,607.54 surely the "Gubau" lode proper.-
223.18
Winse from surfaces.-This was sunk 34 feet, most of the way on a small lode, about 1 foot to 1816.58. 2 feet thick, and connected with level No. 1.
By proft on sale of shares in public companie 21,559.30 By final dividend from Russell & Co. (in-
liquidation).
North drive from Winze-This was driven $112,220,63 | 811 feet on the lode, which is from about 1 foot to 2 feet thick carrying fair gold all the way
6 dwts. of gold per ton, There has not yet been sufficient work done on the hanging wall reef for one to say much about it at pre- sent. It is certainly a new make of stone. No. 1 back stope north on the main reef is now 45 feet long by 42 feet in height. No. 2 is 23 feet long by 52 feet in height. No. 3 is 15 feet long by 55 feet in height. For the last fort-
}