The Lakekamu
p. 62 · Read in the full issue
Guinea Gold Nearing a Decision on Papuan Goldfield.
A STAFF of eight Europeans and 300 natives, with modern equipment, is at present testing the leases taken up along the Lakekamu River, Central Papua, by Guinea Gold, N.L., a wealthy Adelaide company. Details were given by Mr. C. V. T. Wells, chairman, at the annual meeting on May 31.
The technical staff is led by Mr. Nason- Jones, a notable geologist and prospector, who located the field. The second engineer is Mr. Warrilow, whose energy and exactness have been highly praised.
Mr. G. S. Dyer, a prominent mining engineer, has just arrived from America recently to visit Lakekamu and make a report upon the field; and, on his recommendation, Guinea Gold N.L, probably will decide whether to work the new leases, sell them, form an operating company, or abandon them. Mr. Dyer has had extensive experience in America and Russia, and has done important work for Oroville Dredging Ltd., Lena Goldfields Ltd., and Consolidated Goldfield Ltd.
It is likely that a decision about the Lakekamu field will not be long delayed.
In the period to February 28 last, Guinea Gold N.L. had spent £14,607 on the area, and it was thought that a total expenditure of £30,000 might be necessary for testing and proving.