Gold in North-west New Guinea

From a Special Correspondent.

WEWAK, August 3.

THERE have been no further gold finds recently in the Aitape or Sepik dis tricts. Several prospectors have left the areas with no new additions. A boring plant for a southern company is in opera tion and is making steady progress.

Prospectors have been round the big mountains and still fail to find from whence the gold is shedding. Tests taken on lower areas show very little values. In

some places no gold is found below certain altitudes and on certain falls only. Notice able, too, is that different value gold is found on the same falls adjacent to one another.

Mr. Galet arrived by the last Macdhui with an assistant and gear to prospect further the areas he has pegged on behalf of his company on the Yellow River.

Mr. G. Eichhorn has gone out to prospect an area that he thinks may yet prove valuable. It is in a remote corner many miles away from other finds.

Noticing that Upper Sepiks are quoted at high rates on southern stock exchanges, everyone here has been asking where the “show” is situated. Are there two Sepiks or does the name bear no resemblance to the place? At the time of writing no com pany has been on the Sepik to take over options or is holding claims or leases.

Messrs. Johnstone and Kavanagh have been prospecting the areas between the Sepik mouth and Wewak. Good colours have been found in some places, but nothing yet payable enough to work.