Louisiade Gold
p. 29 · Read in the full issue
Progress at Misima and Mt. Sisa
A RECENT visitor in Sydney from the Louisiade Archipelago (east of Papua) reports that good progress is being made at the Misima gold mine.
The operations are producing very sat isfactory returns and it is expected that the mine will have a long and profitable life.
In striking contrast with the Misima mine, the position at the Mt. Sisa Mine, only a few miles away from Misima, and believed to be on the same lode, has been unsatisfactory. The trouble seems not to have lain with the mine management or staff, nor with the prospects of obtaining payable gold, but with the directorate in Sydney.
Funds have not been sufficient to carry on operations and, according to re ports in the Louisiades, the mine man ager there at times actually had to pay for his native labour out of his own pocket, the alternative being the loss of a well organised gang.
It should be noted, however, that the Mt. Sisa mine property has recently been taken over by a new Sydney com pany and that development along more business-like lines is now probable.