New Guinea Gold.
p. 21 · Read in the full issue
Rich Discoveries.
THE Mining Trust, consulting engineers for New Guinea Goldfields, Ltd., re port that they have received a mes sage from the manager that new dredg ing areas have been discovered —pre sumably in New Guinea.
The areas are at the junction of two rivers, each the size of Bulolo, one cov ering a grass flat, eight miles long by 1500 feet wide, the other ten miles by 3,000 feet. Both are potentially import ant dredging areas, Drilling will be necessary to deter mine the values and the character of the bed rock; but as an indication of the possible values of the new ground, pros pects taken on six of the best panning beaches average 3/6 per yard. The pros pect holes were not bottomed owing to water.
The hydro electric possibilities of the areas have not yet been investigated but are reasonably assured.