From Fiji
pp. 66-67 · Read in the full issue
Mining News
From New Guinea
Sandy Creek Gold Sluicing, Ltd.
AN option has been taken over a mining pro perty of 330 acres, comprising Bulolo River flats and terraces. Little Information is avail able yet as to the extent or value of the gold bearing areas nor as to whether sufficient water can be brought on to the property to work it efficiently, but investigation is proceeding and a preliminary report is expected shortly. The re port may necessitate conserving funds for future expenditure in further testing and possible pur chase of the option area. Directors will not make any dividend recommendation until the report has been received; the annual meeting will also be deferred until it is available.
August production compares with June and July as follows:
New Guinea Goldfields, Ltd.
The latest report issued by the Mining Trust, Ltd., consulting engineers to N.G.G., Ltd., com pares production and profit of July with May and June:—
Sunshine Gold Development, Ltd.
Sunshine Gold Development, Ltd., reports that the clean-up for August yielded 881 oz. of gold, compared with 990 oz. for the previous month.
From Fiji
Emperor Mines, Ltd.
RESULTS from the Emperor Mine, at Tavua. for the past four months compare as follows:
Mount Kasi Mines, Ltd.
Production at the Mount Kasi mine, on Vanua Levu, for the four weeks ended September 4. is compared with the three previous yields in the following table;—
From Papua
Cuthbert S Misima Gold Mines, Ltd.
AUGUST production at the Cuthbert mine on Misima Island, Eastern Papua, is compared with June and July in the following table; —
Australasian Petroleum Co. Pty., Ltd.
It was reported on September 7 that Aus tralasian Petroleum Co. Pty., Ltd., expects to commence drilling operations before the end of
June July Aug.
Cubic yards . . . . 15,433 16,052 16,530 Gold, oz 218 316 258 Per cubic yard . . 2/3 3/1% 2/6 Working cost .. .. 11% — 10%
May June July Edie Creek mill — Ore, tons 3,350 2,942 3,275 Gold, oz., fine .. .. 820 883 912 Silver, oz., fine 4.405 4,219 5,218 Golden Ridges mill— Tons treated 2,764 2,295 2,696 Gold, oz., fine .. . . 1,119 871 1,115 Silver, oz., fine . . 1,224 1,060 1,237 Alluvial— Gold, oz., fine .. 1,467 1,563 1,417 Silver, oz., fine .. 1,047 1,071 1,005 Operating profit— Edie Creek, £ .. 703 1,901 2,020 Golden Ridges, £ . . 2,273 1,105 2,309 Alluvial, £ .. .. 6,302 6^204 4,798
Four weeks ended May June July Aug. 15 12 10 7 Ore treated, tons .. 12,500 11,792 11,184 10,367 Head value, dwt. .. 6.72 6.7 7.8 6.95 Gold, oz., fine .. 3,696 3,704 4,000 ♦3,716 Residues, dwt. .. .. 0.65 0.85 1.0 0.95 ♦Including 577 oz. from partial treatment of concentrates.
June July Aug. Sept. 12 10 7 4 Ore, tons . . . . 3,118 3,400 3,348 3,366 Gold, fine oz. . 599 1 706 655 693 Value, £ A . . 5,990 7,060 6,550 6,930
June *July Aug.
Mill treated, tons . 3,102 3,054 3,313 Bullion, oz 3,250 3,348 3,162 Gold, fine oz 701 717 802 Silver, fine, oz. . . 2,479 2,551 2,278 Estimated value .. .. £5,765 £5,837 £6,487 Value per ton of ore 37/2 38/3 39/2 *Tonnage affected by overhaul of big engine.
the year. The drilling area selected is a few mites from the Vailala River, at a point 75 miles from its mouth. Construction of the wharf and jetty at the final river base has been completed, and over two miles of the road out of a total of 3V 2 mites has been built. Geological work is still being carried out.