Osmiridium In Papua
p. 17 · Read in the full issue
From Our Own Correspondent
Pt. Moresby, May 2.
It is reported that the light dredge which is at work on the Tiveri field is doing well and that, in addition to gold, the miners are recovering osmiridium in large quan tities.
This report is unconfirmed—but it is worth remembering that the miners on the old Lakekamu field (which is in the same region) found considerable quantities of osmiridium.
The Sydney syndicate which sent Mr.
D. S. Askew to the Banks Group, New Hebrides, in March last to report on sul phur deposits there, has been registered as a company. The company, which has a capital of £10,000, is called the Pacific Mineral Development, Ltd., and the first directors are Mr. R. Welch and Mr. J. T.
Davis. The primary objects of the new company are to adopt an agreement and secure an option to prospect and lease sul phur deposits on the island of Vanua Lava in the New Hebrides.