From New Guinea

Enterprise Of N.G. Gold And

Petroleum

THE general manager of Enterprise of New Guinea Gold and Petroleum Development N.L. reports that in the fortnight ended June 1 sluicing and elevating continued as usual at the Surprise Creek mine. Two faces showed a slight improvement in values.

At the Edie mine underground development work proceeded on three shifts. The new drain age adit passed through the main western lode at 853 ft. from the portal. The adit was ad vanced 102 ft., and timbered throughout during May. The lode is 3ft. 6in. wide, and consists of white friable quartz carrying sulphides. This is a major development, the general manager states, and will be followed up as rapidly as existing conditions permit.

The old drainage adit, 100 ft. above the horiz on of the new drainage adit, has cut the main western and the hanging wall lodes. The former shows a width of Bft,, and assays sdwt. B.6gr. gold and 4oz. 3dwt. 14.4 gr. silver a ton. The hanging-wall lode assays Bdwt. 19.2 gr. gold and 4oz. 13dwt. silver a ton over a width of 2ft.

Production of unrefined retorted alluvial gold from all sources in May was 370 z. 17dwt. from 2,565 cubic yds. wash and 1,872 cubic yds. over burden.

Sunshine Gold Development N.L.

Sunshine Gold Development Ltd. has declared a dividend of 6d. per share, payable on June 30. The previous dividend of 6d. per share was paid on February 28.

The Co.’s quarterly report is as follows:

During April and May sluicing was hamper ed through temporary staff shortage, and re

moval of an ancient landslide intrusion cover ing a limited section of the auriferous gravels being worked.

In May the Watut River tailings wall was blown further out. During this operation 8,400 cubic yds. tailings were blown up. This permits the area of the sluicing paddock to be extend ed in a north-westerly direction from No. 3 elevator site.

N.G. Goldfields Ltd.

For the third month in succession New Guinea Goldfields Ltd. incurred an operating loss on the Edie Creek mill. The management report ed it was expected that operations would re turn to normal during May. Production figures for the last three months are compared in the following table:—

Sandy Creek Gold Sluicing Ltd.

The mine manager of Sandy Creek Gold Sluicing Ltd. reported on June 2 that May production compared with the three previous months as follows:—

Cub. yd. Hours. Oz. Gold.

March 12,000 517 519.75 ) 502 352.25 23.400 May ' 423 335.23 35,400 1,442 1,180.252 Previous quarter 52,300 1,451 1,084.3

Feb.

Mar.

April.

Alluvial— Pine gold, oz. 1914 1,163 959 Fine silver, oz. 665 847 684 Golden Ridges Mill — Fine gold, oz. .. 601 x50 Fine silver, oz. 671 x55 Edie Creek Mill— Fine gold, oz. .. 652 758 744 Silver, oz 2,936 2,845 2,528 Operating Profit— Edie Creek Mill . *£1,214 ‘£1,427 *£1,206 Alluvial £2,383 £4,286 £2,880 Golden Ridges Mill £3.532 £411 tReduced production due to a pump breakdown. ‘Operating loss. xFrom clean up of plant.

Feb. Mar.

Apr.

May.

Cubic yards .. 18.441 17,2GO 18,790 20,119 Gold, oz. 258 338 212 446 Per cub. yd. 2/1 y 4 2/10V2 1 /8V2 3/4 Working cost 1/5 1/1 1/4 1/4

Bulolo

Gold Deposits

Ltd.

The following yields have been reported by Bulolo Gold Deposits Ltd.. New Guinea:— Five weeks Mar. 11, Apr. 28, ended to to Mar. 10. Apr. 27.

June 3.

Hours ,. . . 545 825 725 Morobe Alluvials— Cubic yards . . . 4,720 8.500 7,000 Gold, oz. . .. 120 130 130 Morobe Deposits- Hours ... 470 850 420 Cubic yards . . . 2,500 4,000 3,000 Gold, oz. .. . ... 35 50 35