From New Guinea
pp. 71-72 · Read in the full issue
Sandy Creek Gold Sluicing Ltd.
IT was reported, at the annual meeting of Sandy 1 Creek Gold Sluicing (New Guinea) to shareholders in Sydney on August 24. that values on the Sandy Creek area averaged 3/-'per cubic yard, and on the Poverty Creek area, 6/2. When No. 2 plant was installed on Poverty Creek, boxing operations were moved higher up, and in May, June, and July values gave the highly satisfactory average of 8/4 per cubic yard. During the current year, No. 1 plant will work Sandy Creek, and the new area recently acquired, worth about 2/9 per yard : No. 2 plant will work Poverty Creek ; and boxing will continue on Upper Poverty Creek. The prospects of the Company appear good.
Production since May has been:
During August No. 1 plant could not be oper ated in the bed of Sandy Creek owing to floods caused by abnormal rain and a ten-ace deposit containing relatively low values was? worked. No. 2 plant commenced full-time production during
the last week of the month, the gold recovered being included in the return.
Sunshine Gold Development Ltd.
Sunshine Gold Development Ltd. has declared its first dividend of 6d. per share. The dividend is payable on October 1. Transfer books close on September 20.
In the quarter ended August 31, the Company won 856 ounces of gold from its sluicing property in New Guinea.
Recent returns were:—
May June July Aug.
Cubic yards 8.590 8,125 14,560 14,139 Cold, oz 132 232 308 185 Per cubic yard ... 2/3* 4/3* 3/2 1/11*
Yards Hours Gold, oz.
June ... 28,000 448 186 July 32,644 748 324.1 August 16,000 373 346.7
Enterprise Of New Guinea
Mr. Harold Taylor, manager of Enterprise of New Guinea Gold and Petroleum Development N.L., reported as follows early in September, giving comparative production figui'es for June, July, and August.
Edie mine: Cyanide plant production for Aug., 730 z. 19dwt. gold bullion, from 385 tons of ore treated. Low recovery due to usual gold locked up in the zinc boxes.
Bulolo Gold Dredging Ltd,
Production for Bulolo Gold Dredging Ltd., for August, compax-es with the previous two periods as follows :
Value—
Aust. currency* ... £84,230 £84,656 £111,851 Per cubic yard /25.9 /21.7 /29.7 Working profit £54,626 £55,020 £72,108 *At £AB/15/- per fine ounce.
Bulolo Gold Deposits Ltd.
The manager of Bulolo Gold Deposits Ltd. reported in September as follows:
The pipe line to new area (Morobe deposit) has been completed. Elevator installed and now oper ating. First clean-up on this area will be made at end of September. It will take three months to open out properly and have elevator working at full capacity.
June July Aug.
Wash dirt, yards .. 2,750 3,831 1,552 Overburden, yards .. 4,750 2,864 3,725 Unrefined retorted alluvial gold, oz 85* 122* 89*
June July Aug.
Cubic yard 780,000 933.000 901,000 Bullion, oz 13,876 14,150 18.420 Cold, fine oz. 9,627 9,675 12,783
July 7 Aug. 4 Sept. 1 Bulolo terraces; Hours 525 370 Yards 15,000 10,000 Gold, oz 24 8 Morobe area: Hours 575 500 60) Yards 5,500 6,500 7,000 Gold, oz 110 170 160