New Guinea Goldfields
p. 17 · Read in the full issue
Tributes Produce £36,000 in 8 Months
NEW Guinea Goldfields Ltd. has
received the following' progress report for October from the Min
ing Trust Ltd., consulting engineers
for the company: Development.—Location 3: The west drift was advanced sft. in ore assaying 14.8 dwt. gold and 9 oz. silver, over a width of 85 inches. The full width has not been exposed. Location 8: No. 2 winze from No. 1 level was sunk 16ft. to water level. At 72 feet the average assay for the total depth was 9.7 dwt. gold and 19 oz. silver, over a width of 42 inches. The full width has not been exposed. No. 3 winze was started and sunk 16ft. in ore assaying 5.7 dwt. gold and 27 oz. silver, over a depth of 42 inches.
No. 2 level: The drift was advanced 137 ft. to a total of 351 ft. At 275 ft. it was connected by a raise with No. 2 shaft, and at 325 ft. cut the vein. The average assay for 25ft. was 12.8 dwt. gold and 15 oz. silver, over a width of 47 inches.
Tribute returns: The net return to the company from alluvial tributes for the eight months ended September 30 was £36,190.
Plant erection: The power plant boiler has been tested and passed by the inspector, and work is proceeding with the transmission lines.