New Guinea Goldfields

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

Development.

Location 3. —A drive east has been started on No. 3 level. An advance of 20 ft. gave assays of 4 dwts. gold and 2.5 ozs. silver over a width of 67 inches.

Production.

The estimated profit for July from alluvial work was £7,828. The production for August was 3,533 ozs. bullion.

Mill. —The estimated profit for July was £5,811.

The output for August was 1,316 ozs. fine gold.

The first four additional leaching tanks have been completed, and have been in commission since August 17. Two other tanks are com plete, except for the pipe connections.

The examining engineer has reported that two of the new dredging areas are unpayable, and is now examining the third area.

Bulolo Gold Dredging. Limited.

For the month of August the total gross pro duction amounted to 12,134 ounces of bullion, containing 8,045 ounces fine gold from 488,900 cubic yards. Estimated working profit, 6,433 ounces fine gold. The above production is equivalent to £60,337/10/-, and working profit to £48,247/10/-, on the basis of £7/10/- (Aust.) per fine ounce of gold. . .

Dredge No. 3 will probably be in commission about the middle of October, when it will dig flotation for about one month before reaching payable gravel.

Pastor C. H. Parker, Seventh Day Ad ventist Missionary, and Mrs. Parker, ar rived in Sydney from the New Hebrides by the “Morinda” on September 14.

Pastor Parker has been engaged in mis sion work in the Pacific for 37 years, 14 of which have been spent in the New Hebrides.