Islands Mining
pp. 68-69 · Read in the full issue
News
From Papua
Papuan Apinaipi Petroleum Co., Ltd.
Papuan Apinaipi Petroleum Co., Ltd.,
' reported early in October that the No. 4 scout bore on the Oiapu structure had reached a depth of 1,044 ft., completing the scout drill ing programme on the structure preparatory to major drilling operations being commenced.
Traces of oil appeared at 182 ft., and con tinued for 252 ft., and again from 1.014 to 1,038 ft. Gas first occurred at 329 ft., and continued to 439 ft., having a surface pressure of 282 lb. to the square inch. Gas again occurred at 563 ft., and was continuous for 366 ft. to 929 ft., at which depth the surface pressure was 120 lb. to the square inch. Further gas was met with at 1,038 ft. Oil showings were more pronounced, and gas occurred throughout a greater thickness of strata than in any of the previous bores.
Cores taken were sent to Canberra for examina tion.
Mandated Alluvials. N.L.
Mandated Alluvials, N.L., reported late in September that a further shipment of matte, 64 tons, had been made from Port Moresby, the contents on check assay being 483 oz. fine gold, 1,153 oz. silver, and 19 »/ 2 tons copper. The net value exceeded £5,300. The total quantity of ore obtained from the Moresby King section has been much under expectation, and work on it
has ceased. Good ore is being obtained from the other section of the mine, and also from one of the properties recently secured. Prospect ing is continuing on the third property with en couraging results.
Cuthbert’S Misima Goldmine, Ltd.
Figures for the September clean-up from Cuth bert’s mine on Misima Island, Papua, compared with the two previous yields as follows;
Yodda Goldfields, Ltd.
Yodda Goldfields, Ltd., reported early in October that the gold yield for September was 70 oz. 8 dwt.
From New Guinea
Bulolo Gold Dredging, Ltd.
PRODUCTION of Bulolo Gold Dredging, Ltd.’s L dredges in New Guinea from June to August was:—•
Enterprise Of N.G. Gold And
Petroleum Development. N.L.
A report from Enterprise of New Guinea Gold and Petroleum Development, N.L., in mid- September gave the following details of opera tions:—Surprise Creek Mine (alluvial), two hydraulicing forces worked throughout month.
Gold values still low and wash heavy and bouldery. Repairs effected to main water race and fluming. Clean-up yielded 30 oz. 4 dwt. re torted gold from 6,900 c. yards. Edie Mine development—Footage on main lode, underground workings 288 ft. This figure is lower than the average, due to much difficult ground necessi tating use of more timber.
A call of 5/- per share was made on October 11, making total payments 65/- per share.
Sunshine Gold Development, Ltd.
Sunshine Gold Development, Ltd., reported In October that the clean-up for September yielded 457 oz. of gold. Hours worked totalled 537, the cubic yardage being 23,600 in paddock. Inter mittent sluicing was carried out in opening out operations at Reidy Creek Terraces. From this preliminary work, 16 oz. of gold were recovered.
Sandy Creek Gold Sluicing, Ltd.
The manager of Sandy Creek Gold Sluicing, Ltd., New Guinea, reported early in October that the last four yields compared as follows:
From Fiji
Loloma (Fiji) Gold Mines, N.L.
“-J-HE ore body in the Theodore shaft, No. 3 I level, looks very strong, the shear ap pearing just as strong underfoot as in the back,” reported a message from Loloma (Fiji) Gold Mines, N.L., in mid-September. “Good tellurlde specimens have also been disclosed.” /The message continued; “Erection of steel framework for new conveyor from bin at Theo dore shaft to present crusher 80 per cent, com plete. New bln being proceeded with. Vatia Wharf. Vatukoula, decking being placed in position. Lime production at Tau giving good grade lime. New engineering workshops for Joint use by Emperor and Loloma companies now in commission.”
The last three monthly yields are compared in the following table: —
July.
Aug.
Sept.
Mill treated, tons . . .. 3,107 3,326 3,341 Bullion, oz 2,998 3,354 3,331 Gold, fine, oz 800 842 839 Silver, fine, oz 2,125 2,436 2,407 Estimated value £6,525 £6.885 £6,856 Value per ton of ore . 42/- 41/5 41/-
June.
July.
August.
Cubic yards .. 1,255,000 1,435,000 1,609,000 Bullion, oz 17,129 18,919 19,774 Gold, fine, oz 11,819 13,053 13,645
Value—
Aust. currency* £103,416 £114,214 £119,394 Value per c. yard . /19.7 /19 /17.8 Working profit £65,686 £70,402 •At £ A8/15/- per fine ounce.
June. July. Aug. Sept.
Cubic yards . . .. 21,201 24,443 26,693 26,153 Gold, oz 228 279 446 396 Per cubic yard .. l/TV-t 1/8 V2 2/4V2 2/3Vi Working cost .. .. 1/- /HV2 /II /IOV2
Four Weeks Ended Aug. 9.
Sept. 9.
Oct. 4.
Mill ran, hours .. 635 638 659 Ore treated, tons .. 2,459 2,525 2,540 Head, value, dwt. .. 27.6 27 27 Gold, fine oz 3,236 3,295 3,291 Silver, fine oz 572 660 674 Residue, assay dwt. . 1.28 0.84 1.0
From the Solomons
Solomon Gold Mines, N.L.
"THE liquidator of Solomon Gold Mines, N.L., ' advised early in October that a first and final return of capital of 20/10 a share had been declared. This amount was payable at the registered office of the company, Cook, Tomlins, and Mirams, 360 Collins Street, Melbourne.
Solomon’S Mines Pty., Ltd.
Solomon’s Mines Pty., Ltd., was registered in Sydney recently with a capital of £20,000 in £ 1 shares. The objects of the company are “to carry on the business of mining in the Solomon Islands, etc.” Subscribers were: Frances T.
Herlihy and Dorothy Jackson (1 share each).
Emperor Gold Mining Co. Ltd.
Returns from the Emperor mine for the past four monthly periods are compared in the following table: — Four week ended July Aug. Sept.
Oct. 12. 9. 8. 4.
Ore treated, tons . 13,971 14,445 13,185 12,655 Head value, dwt. ., 6.5 6.45 7.0 6.8 Gold, oz„ fine 4,103.5 4,086 4,046 4,122 Residues, dwt 0 46 0.63 0.81 0.67
Mount Kasi Mines, Ltd.
Latest yields from the Mount Kasi mine at Vanua Lcvu ax - e compared in the following table:— Four weeks ended July 12. Aug. 9. Sept. 6. ■ Oct. 4.
Ore, tons . . 2,662 2,719 3,069 3,547 Gold, fine, oz. . 622 652 716 657 Value, £ A . . 5,422 5,705 7,160 5,749