New Guinea Goldfields.

The following progress report for the month of May has been issued by the Mining Trust, Ltd., consulting engineers for New Guinea Gold fields, Ltd.:—

Development.

Location 3. —No. 1 shaft and 200 ft. level crosscut were unwatered, and pump recovered.

Location B.—No. 3 level. The drift was ad vanced 90 ft. in ore assaying 14 dwts. gold and 12 ozs. silver over a width of 29 inches.

Production.

The estimated profit for April from alluvial work was £3,780. The production for May was 2,070 ozs. bullion.

Mill: The estimated profit for April was £1,000.

The output for May was 1,294 ozs. fine gold.

The reduced profit for April was due to delays caused by the heavy rains reported last month.