New Guinea Gold.
p. 45 · Read in the full issue
For the month of September the total gross production by Bulolo G.D., Ltd., amounted to 11,063 ounces of bullion, containing 7,335 ounces fine gold from 440,900 cubic yards.
Estimated working profit was 5,516 ounces of fine gold.
This production is' equivalent to £55,012/10/-, and working profit to £41,370 on the basis of £7/10/- (Aust.) per fine ounce of gold.
New Guinea Goldfields. Ltd.
The monthly returns of production and esti mated profits of New Guinea Goldfields, Ltd., are as follows:
During September six additional leaching tanks were completed, except for piping, which has now arrived at mine.
Progress report for September issued by the Mining Trust, Ltd., consulting engineers for com pany:—Development: Location 3: The east drive on No. 3 level was advanced to 118 ft. From G3ft. to 118 ft. was in a fault zone.
Bullion, oz.
July. August. Sept.
Alluvial 2,703 3,533 2,240 Mill 1,045 1,310 1,034 Estimated Profit.
June. July. August.
Alluvial £5,743 £7,828 £10,700 Mill 6,235 5,811 7,500