Bulolo Gold Deposits.
p. 11 · Read in the full issue
AT a special meeting of the board of directors of Bulolo Gold Deposits, Ltd., in Sydney on December 20, it was decided to exercise options on sluic ing areas in the Mandated Territory.
The first report of Mr. G. F. Grahame, the engineer in charge of the boring party on the Company’s dredging claims, was received. It states that “the valley seems to be a fine dredging proposition from surface indications, with its wide river flats, adequate water supply, and free, clean wash without any appreciable overburden. The aerodrome is being en larged. Several dishes of surface gravel from near the camp have been washed and all showed fine gold.”
It is not known in Sydney to what areas the report refers, but they are be heved to be in the Watut district, Morobe.