Pacific Islands Monthly
The news magazine of the South Pacific · since 1930
Pacific Islands Monthly, 21 December 1933Vol. IV, No. 5

New Guinea Goldfields, Ltd.

p. 48 · Read in the full issue

Page 4848

The following progress report for the month of October has been issued by The Mining Trust Ltd., consulting engineers for the Company:—

Development

Location 3. —The west drive on No. 3 level was advanced 60 ft. in oxidised ore assaying 35.2 dwts. gold and 18.3 ozs. silver over a width of 20 inches.

The east drive on No. 3 level crosscut at 184 ft. cut a faulted portion of the vein, which assayed 18 dwts. gold and 6 ozs. silver over a width of 42 inches.

Production

The estimated profit for September from allu vial work was £6,539. The production for October was 1,971 ozs. bullion, the low production being due to three weeks’ drought.

Mill: The estimated profit for September was £9,566. The output for October was 1,294 ozs. fine gold. The reduced output was due to a lower grade of ore being treated.

Digitised by the National Library of Australia · OCR text via GLAM Workbench · uncorrected OCR, expect errors
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