Pacific Mining Activity
p. 50 · Read in the full issue
New Territory Expedition
The representative of New Territory (New Guinea) N.L. at Wau, in a cablegram to the Sydney office of the company at the end of August, stated that one of the prospectors took ill and had to be carried nine days back to the base. They then went out prospecting again, but ran short of provisions, so returned. The prospectors report good indications, so left again for this area, which is one month’s trip.
New Guinea Alluvials Ltd.
New Guinea Alluvials, Ltd., was incorporated in New Guinea on March 7, 1933, and, under the direction of Alluvial Gold (Oceania) Ltd., pro ceeded immediately with a comprehensive cam paign. The directors, in their report on the first year’s operations, express disappointment that the work carried out in the Mandated Territory had not yielded better financial results, but find satisfaction in the promise shown by the work in Papua. The latter resulted in the formation of Gold Mines of Papua, Ltd., representing an amal gamation of the mining tenements and right ac quired on Woodlark Island, together with the pro perties of Mt. Sisa Goldfields (Papua), N.L., and Misima Options Ltd., on Misima Island. From this the company obtained a consideration in cash and shares of £11,000, enabling a profit of £971 to be shown for the period from March 7, 1933, to March 31, 1934. Cash balances at March 31 were £828. Paid-up capital is £10,000.
Sunshine Gold Development
Reviewing the progress of operations in a cir cular to shareholders, Sunshine Gold Development Ltd., a Sydney concern, with interests in New Guinea, advises that the drilling of the Gorge and Gorge Extended claims is expected to be completed as early as practicable. The plant will then be transferred to the Sunshine claims, and testing proceeded with. Labor on the Undaunted claim has been loaned for the Gorge and Gorge Extended claims, pending the construction of the proposed Government road, but will return to complete the water race and installation of the sluicing plant at an early date.
Regarding the Ono River dredging claims, Mr.
J. M. Spence, a mining engineer, reports the pro perty. as a dredging proposition, is well worthy of being tested by boring. In respect to the Sun set dredging claims (Papua) the management states approximately 1530 acres are held under option and 600 acres owned by the company. An engineer has arrived in the territory to carry out the pre liminary testing and drilling.
British N.G. Gold
British New Guinea Gold N.L. has received a mes sage from its representative in New Guinea stat ing that he has arranged for the pegging of four blocks of 300 acres each of flats for dredging at the Lakekamu goldfield, Papua. The blocks carry alluvial gold and good values are expected. Mr.
C. Lilley, the company’s boring and alluvial en gineer, is proceeding to the areas with equipment to bore and test the ground. On completion of boring, the expedition will go on to the Karmanun tina River (New Guinea), to bore and test the dredging areas surface prospected by the late Captain B. McGrath.
Progress At Emperor Mine (Fiji)
Having carried out twelve months’ development work on its leases at Tavua, on the northern side of Viti Levu (Fiji), Koroere Gold Mines Ltd. has placed orders for a modern cyanide plant. The property is 140 miles from Suva. The syndicate has carried out work on four lode formations in andesite situated within two prospecting areas, each of 500 acres, and has spent £20,000. Most of the exploratory work to date has been done on the Emperor mine. The lode there has been proved for over a length of 800 feet, and to the 100 feet level. Two ore shoots have been disclosed, each about 200 feet long. The lode channel, as proved bv crosscuts on the 50 feet and 100 feet levels, varies from 20 feet in width, and carries payable ore. In general, the ore on the footwall section of the ore bodv is much richer than elsewhere. Mr.
E. G. Theodore, formerly Commonwealth Treasurer, who is a prominent member of the syndicate, arranged for the purchase of modern milling equip ment during a recent visit to Melbourne.
