Goldfields Progress

Bulolo Dredging Commences in March

FOR the forthcoming annual meet ing of the Consolidated Gold Fields of South Africa, Ltd., to be held shortly in London, that com pany has been advised by the directors of Bulolo Gold Dredging Ltd. that the No. 1 Bulolo dredge will probably com mence by the prospectus date, March 11, 1932, and within its estimated cost.

The former company has been fur ther advised that 42,000,000 cubic yards of dredging material of an average value of 32 cents per cubic yard, has been proved from the lower end of the Bulowat area to the junction of the Watut and Bulolo rivers, and that, above the junction in the Watut branch of the area, and in the Bulolo River portion of the property from the junction up to the lower end of the Bulolo property, it is expected that a further 18,000,000 cubic yards of like value will be developed. Drilling up to the junction has been completed, and the drilling of the ground above the junction is proceeding.

The General Manager of the Bulolo Gold Dredging Ltd. has advised that the flying conditions are now better, and that for the month of November a total of 361 short tons of freight was delivered at Bulolo from the coast.