From Papua

Misima Central Gold N.L.

At the recent general meeting of Misima Central Gold N.L., Misima Island, Papua, Mr. S. E. who presided, informed shareholders of the position of the company. Subsequent to the report of Mr. A. Hargrave, mining engineer, which was favourable, Mr. H. F. Pearson, mining engineer, inspected the company’s leases (Ginisea and Tomiera) and recommended that work on the leases be discontinued, though the mine manager (Mr. J. Miller), in his report, protested against xhe manner in which the leases were examined and sampled. He asserted that samples were taken out crudely and wrongly. The company had practically no funds to carry on, and the £360 in hand would return shareholders about 4/- a share. A resolution was carried that appli cation be made for exemption of labour covenants and that an endeavour be made to obtain an ex

tension of the option over Miller’s leases prepara tory to a reconstruction of the company,

Alluvial Gold Ltd.

Transfer books of Alluvial Gold Ltd., Papua and New Zealand were closed from December 7 to December 14, in order that the shares in Kanieri Gold Dredging Ltd., a company to be incorporated in New Zealand, might be offered for subscription to shareholders.

New Misima Gold Mines Ltd.

The last report of New Misima Gold Mines Ltd., before a new company took over the property stated:—For the month ending October 17, 1492 tons of ore were put through the mill yielding 1072 tons of sand and 420 of slime for gold bullion of approximate value in Australian currency of £4485. Mine work was carried on as usual; main levels were extended 52 feet; crosscuts 21 feet; rises 68 feet; repairs to main levels 93 feet. Monthly dividend No. 48 of 2/- per share was declared payable.

Gold Mines Of Papua Ltd.

Steady progress is being made at Misima and Woodlark Islands, Eastern Papua, by Gold Mines of Papua Limited. The general manager, Mr. Leo Gibbons, reporting to his directors at the end of November said that the drives on Misima Island exceeded 9,000 feet, of which 3,000 feet were of payable ore of an average value of 49/6 Australian currency. The average width of the ore was seven feet. The drainage tunnel had intersected the main lode which showed strong permanent charac teristics. He estimated that 400,000 tons of ore

-were available above the drainage tunnel and he recommended the installation of a unit capable •of treating 3,000 tons per month. The company had obtained a reservation of 240 acres on the •Gulewa River on Misima Island with a view to installing a plant for hydro-electric power. A motor road from the port to the leases was almost completed and it was hoped to arrange a regular •call by the direct steamer.

With regard to lsland the manager reported that the cyanide plant had commenced -development on the Mumadau property had already proved about 20 0)0 tons of ore worth 77/- *° n ‘ f ThIS P. artlcu^ r area 0 ™Jf -addition of crushing units to the present cyanide Gold Mines of Papua Ltd. now employs. 11 Europeans, and 160 native labourers at Misima Island and 6 Europeans and 70 labourers on Woodlark Island.

Louisiade Gold, N.L.

Louisiade Gold No Liability, a gold prospecting -company registered in New South Wales, was registered early in November in Port Moresby as a foreign company. The public officer of the companv in Papua is Mr. J. B. Roche, and the registered office is at Misima Island, Eastern Papua

A general meeting of Louisiade Gold, N.L., was held in Sydney on December 16. It was reported that the Co.’s representative, Mr. Roche, was now at Sudest Island, Eastern Papua, making a close examination of the Co.’s leases. A labour force is be : ng assembled, with a view to working some of the alluvial gold. The Co., in its future operations, will be guided by the reports of Mr.

Roche. <- , iiviiqiiviA cm n minf

Cuthrerts Misima Gold Mine

Mine developments proceeded a,

usua , during th< p<iriod , reatment operations were suspended bv heavy floods on Cooktown Creek, Preliminary construction work for the enlarged P lant has

Guinea Gold N.L.

The 19th ordinary general meeting of Guinea Gold, N.L., was held in Adelaide on November 29.

The most interesting business comprised reports concerning the investigation which the company is making of gold-bearing areas it holds under lease in the Lakekamu district. Papua. It was reported that the company s chairman, Mr. C. V.

T. Wells, was at that moment on the field. Re ports indicate that the engineer in charge was not yer able to make a final recommendation concerning the value of the area. It was indicated

that probably a final report would be available about the end of January.