Papuan Gold.
p. 10 · Read in the full issue
New Syndicate to work Lakekamu.
From Our Own Correspondent.
Pt. Moresby, Feb. 8.
THE Lakekamu is by no means dead, a local syndicate has been formed and named the Nipa Mining Syndicate, with, as manager, Mr. A. F. Bethune, an experienced miner of long standing who, in the early days of the Lakekamu (1909- 10), prospected the field. The Syndicate hopes to recover gold by hydraulic sluicing.
Leases have been granted and the plant for the operations arrives by next steamer, and in April or May the Syndi cate hopes to start work.
The Hon. J. G. Nelsson left by the "Macdhui” on January 20 for Australia.
He has mining leases on the upper Mambare and his visit to Sydney is a business trip in connection with their prospects. Reports say that both the Mambare and the Gira are well worth consideration.
Mr. Ward Williams is still at work on the Yodda, and though no definite news has come through, it is the general opinion that he is satisfactorily im pressed with the prospects, or at least sufficiently encouraged to continue.