From New Guinea

Enterprise Of New Guinea Gold And

Petroleum Development N.L.

A CALL of 5/- a share has been made by Enterprise of New Guinea Gold and Pet roleum Development N.L. The call, which will bring in £5,280 and will make the £5 shares paid to £2/5/- a share, is understood to be due to expenditure on the Co.’s Edie Creek quartz mine. The directors are plan ning to send an independent engineer to New Guinea to report on the mine before incurring expense for plant. The Co. at present has between £3,000 and £4,000 on hand.

A report issued early in March stated:— Production of unrefined retorted alluvial gold from all sources for February was 32 oz. 11 dwt. from 1,147 cubic yards wash dirt and 3,495 overburden. A clean-up of the cyanide vats will be made during March.

N.G. Goldfields Ltd.

In mid-February, the Mining Trust Ltd., consulting engineers to New Guinea Goldfields

Bulolo Gold Deposits Ltd.

The March report of Bulolo Gold Deposits Ltd., New Guinea compared production as under:—

The return from Morobe Deposits includes the balance of clean-up from the previous month, which was incomplete.

Sunshine Gold Development Ltd.

The quarterly return furnished by Sunshine Gold Development Limited, New Guinea, shows:—

Sandy Creek Gold Sluicing Ltd.

The mine manager of Sandy Creek Gold Sluic ing Limited, New Guinea, has issued com parative production figures as follows:

An interim dividend of IVad. per share was paid to shareholders on March 17. Transfer books were closed between March 8 and 17.

Bulolo Gold Dredging Ltd.

Production of the dredges of Bulolo Gold Dredging Ltd., for February, compared with that of the previous two periods, as follows;

*At £AB/15/- per fine ounce.

The recently completed No. 5 dredge will not be operating at full capacity until the end of April. No. 6 dredge will probably commence digging early in April.

February treatment included 154,000 c. yds. tailings.

Ltd., reported:— Nov.

Dec.

Jan.

Edie Creek mill— Gold, oz., fine .. .. 1,109 1,190 1,181 Silver, oz., fine .. 3,218 3,951 4,126 Alluvial — Gold, oz., fine . .. 1,132 1,337 1,274 Silver, oz., fine .. 833 961 904 Gold Ridges mill— Gold, oz., fine .. . 377 296 308 Silver, oz., fine 374 346 359 Operating profit— Edie Creek ,. £2,013 £2,329 £2,502 Alluvial . 5,308 5,540 5,503 Gold Ridges .. 1,882 1,199 1,018

4 weeks Month 5 weeks ended of ended Dec. 24. Jan. Mar. 10.

Morobe Alluvials— Hours 450 625 545 Cubic yard ... 6,000 7,500 4,720 Gold, oz 100 110 120 Morobe Deposits— Hours 490 450 470 Cubic yard ... 4,500 3,000 2 500 Gold, oz 35 25 35

Cub. yd. Hours. Gold, oz.

December .. .. 19,000 482 258.8 January .. .. 24,000 571 428 February .. .. 9,500 398 397.5 52,500 1,451 1084.3

Nov. Dec. Jan. Feb.

Cubic yards .. 19,981 26,558 15,150 18,441 Gold, oz 271 377 249 258 Per cub. yd. 2/0 Va 2/1 Va 2/5 »/ 2 2/1 >/ 2 Working cost .. 1/5 1/2 1/6 1/5

Dec.

Jan.

Feb.

Cubic yards .. . . 826,400 862,800 897,000 Bullion, oz. 16,404 15,096 11,624 Gold, fine, oz. 11,319 10,408 8,020

Value—

Aust. currency* .. . £99,041 £91,070 £70,175 Value, per c. yd. /28.7 /25.3 — Working profit . £62,343 £65,493 £52,421