Pacific Islands Mining Notes
p. 70 · Read in the full issue
From Fiji
Pacific Gold N.L.
INCOME of Pacific Gold N.L. for the period September 27, 1935, to September 30 last exceeded the expenditure by £496. In addi tion, £8077 was expended on investigating pro perties. Current assets at the close of the period exceeded the liquid assets by £2770. The diamond drilling company, to test the formation at depth on the Wainivesi area in Fiji, is in progress. The company subscribed for interests in New Cale donia Prospecting Association and Oceanic Gold Exploration, both of which proved of insufficient promise.
Sukulaki Gold Development N.L.
Directors of Sukulaki Gold Development N.L. state in their annual report that the company was formed to acquire an option over an area at Tavua, Fiji, but the area was abandoned after preliminary testing. Accounts for the period from April 18, 1935, to March 31, 1936, show a balance of £2635 transferred to investigation pro perties account. Since the close of accounts, 150 shares of £lO each, paid to £2/5/-, in Fiji Min ing Corporation N.L. have been acquired. Direc tors of that company believe that the property will prove a valuable one.
Mt. Morgan Developments Ltd.
A loss of £11,872 was incurred by Mount Mor gan Developments Limited for the period Decem ber 20, 1934, to June 30 last. The directors in their report state that expenditure on investiga
tion and development of properties amounted to £19,861, Of this £7789 was spent in looking over reported gold-bearing fields in the Pacific Islands, mostly in Fiji.
Emperor Mines Limited
Although Emperor Mines Ltd., operating at Tavua, Fiji, had a slightly increased output for the four weeks ended November 28, the grade of the ore treated was a shade lower. Yields, however, have been remarkably consistent, the recovery of recent months having averaged be tween 9 and 10 dwt a ton. Returns for the past three periods are compared m the following table:
Mt. Kasi Mines Ltd.
Production of Mount Kasi Mines Limited for the four-weekly periods since September has been as follows:
Tavua Power Pty. Ltd.
Emperor Mines Ltd. and Loloma (Fiji) Gold Mines N.L., Tavua, Fiji, have been advised by Tavua Power Pty. Ltd., that the Beiliss and Morcom Diesel air compressor set, with capacity of 2000 feet of free air compressed to 901 b per square inch, was started on November 14. It gave a satisfactory run under load conditions.
Ore (dry weight) Oct. 3.
Oct. 31.
Nov. 28 tons 2200 2,136 2,215 Fine gold, oz 1065.6 1057.1 1036.9 Head values, dwt. . 10.7 10.7 10| Recovery, dwt . . . , 9.67 9.89 6.27
Sep. 11* Oct. 9| Nov. 6$ Dec. 4** Ore, tons . . 1444 1590 1627 1500 Bullion, oz. 358 318 452 487
£A. F A. £A. £A.
Value 2601 2525 3550 3600 * Mill stopped five days for repairs and renewals, t Mill stopped six days for repairs to water supply, t Mill stopped five days for engine overhaul. ** Mill stopped 5h days owing to engine breakdown.