Duction
p. 40 · Read in the full issue
Bulolo Dredge Pro
Production of the Nos. 1, 2 and 3 dredges of the Bulolo Gold Dredging Ltd., for February com pares with that of the previous periods as follows:
Period ended Dec. 31.
Jan. 31. **Feb. 28.
Nos. 1 and 2 dredges— Cubic yards .. 410,800 380,000 635,500 Bullion, oz. .. 10,076 10,304 8,636 Gold, fine oz. 6,680 6,832 5,814
Value—
Aust. currency *£50,100 t£ 58,072 f £49,419 Per cubic yard /29.27 / 36.67 /18.66 Working profit £A37,620 £A45,458 £A34,059 No. 3 dredge— Cubic yards .. 141,000 251,200 — Gold, fine oz. 405 1,621 — * At A £7/10/ per fine oz. tAt £A8/10/ per fine ounce. ** Nos. 1, 2, and, 3 dredges.
The yardage included 74,000 yards of the tailings of No. 1 dredge, which were dug in order to test their value. Dredges Nos. 1 and 2 were temporarily turned into lower valued ground on the eastern margin of the pay, and so away from the deeper gravels, the drilling of which is continuing with satisfactory results.
Construction on No. 4 dredge and the new 4000 horse-power hydro-electric plant is proceeding satisfactorily. The former will probably be in operation during July, and the latter should be completed about November.