New Guinea Gold.
p. 46 · Read in the full issue
THE Mining Trust Ltd., consulting en gineers for New Guinea Goldfields, Ltd., reports that a well-known min ing engineer will leave shortly to esti mate the value of recently discovered dredging areas and advise on plans tor their working.
For December, 1932, the estimated pio fit from alluvial work was £5098 Aus tralian currency. The production for January was 2105 ounces of bullion. A crosscut from No. 1 shaft was advanced 50 fet and No. 4 shaft has been sunk to 391 feet.
The mill output for the month was 1123 ounces of fine gold. The results of full-scale work have demonstrated the success of the modified flow sheet, which should result in low treatment cost Orders are being placed in Australia tor additional cyanide tanks which will en able the Company to treat up to 4500 tons of ore monthly. From March 1 until the tanks are installed the mill will treat about one-quarter of this tonnage for an estimated monthly profit of £7000.