From Papua
pp. 73-74 · Read in the full issue
Misima United N.L.
Mr. H. F. Pearson, the engineer of Misima United N.L., Papua, reports that operations on the Loui siade leases of the company have been suspended, and that work is being commenced on the Patricia leases, where satisfactory assays were obtained over a fair length. Since last report 230)4ft. of driving and crosscutting had been completed, the smaller progress being due to sickness among the men and the increasing hardness of the ground.
Gold Mines Of Papua Ltd.
At an extraordinary general meeting of Gold Mines of Papua, Limited, in Canberra, at the end of October, a resolution was agreed to increasing the capital from £60,000 to £135,000, by the creation of 300,000 more shares of 5/- each, to provide funds for the equipment of the mine. A report from the board stated that at Misima Island, although the ore reserves were not completely blocked out, the directors considered the results indicated suffi cient tonnage to warrant a treatment plant. The chairman (Mr. F. G. Pratten) said that represen tations had been made to the Commonwealth Gov ernment by the Papuan Administration and resi dents of Papua for direct and regular communi cation between Sydney and Misima and Woodlark Islands. On both islands there was great activity, and in the near future more than £lOO,OOO a year would be spent there on wages alone by mining companies.
Cuthbert’S Misima Gold Mine Ltd.
Cuthbert’s Misima Gold Mine Limited was regis
tered in Port Moresby under the Papuan Com panies Ordinance late in October. The co. has a nominal capital of £200,000 in shares of 10/- each.
The registered office is care of Mr. R. D. Bertie, Port Moresby. First directors are Hon. Tom Nevitt, Messrs. R. D. Bertie, H. G. Carter, Frank Hambridge, and C. G. Rutledge (of Queensland).
The company reports that the mine was taken over from the vendors on October 24, and the mill and treatment plant on October 27. As from October 27 the mill was working three shifts daily on the company’s account. The managing director (Mr. F. Hambridge) has arrived at the co.’s property at Misima on a tour of inspection.
Misima Gold Reefs (N.G.) N.L.
At a meeting of Misima Gold Reefs (N.G.) N.L., Misima, Papua, on October 28, Mr. W. Blewett, who presided, in referring to the extension of the option to Oroville Dredging Co. Ltd., London, said that the object of the Oroville Company was to put down three winzes 100 ft. deep to test a lode that had assayed s.6dwt of gold a ton from de velopment work, and determine whether the lode and values lived down. This work should be com pleted in January, by which time the Oroville Company will have expended about £20,000 in test ing the option. The work in the three months would involve an expenditure to the Misima Company of approximately £3OOO. Shareholders were given an
assurance that they would be called together again at the termination of the option to discuss the decision that would be forthcoming from the Oro ville Company.
Mandated Gold Options N.L.
Mr. A. Christie, manager of Mandated Gold Options N.L., operating at the Moresby King mine on the Astrolobe goldfield, Papua, reports the fol lowing progress; Crosscut No. 1 adit from 100 feet extended 4 feet; very hard and a little water now making, now 19 feet. No. 2 extended 6 feet, now 10 feet from opening set in mixed ore. No. 3 (4) Crosscut extended to 57 feet all in ore body.
Crosscutting and driving for the week ended Octo ber 24 total 16 feet.