Mining News

From Fiji

Emperor Mine, Ltd.

PRODUCTION at the Emperor mine at Tavua for the period ending February 19 is com pared with the two previous yields in the following table:—

Loloma (Fiji) Gold Mines, Nl.

Loloma production for February compares with December and January as follows:

Mount Kasi Mines, Ltd.

Production at the Mount Kasi mine on Vanua Levu for the period ended February 26 is com pared with the three previous periods in the following table:—

From New Guinea

Enterprise Of Ng Gold And Petroleum

Development, Nl.

DIRECTORS of Enterprise of New Guinea Gold and Petroleum Development, NL, re port that as assured ore reserves sufficient for at least four years’ treating at 100 tons a day are available, development work on the Edie mine has been considerably curtailed, with a consequent reduction in mining expenses. The Co.’s application for a petroleum prospecting permit in Papua has been withdrawn, as it is again concentrating on the desire to obtain an oil prospecting permit in the area originally applied for in the Mandated Territory of New Guinea.

Period ended Dec. Jan. *Feb. 23 25 19 Ore treated, tons . . 14,155 t!3,381 12,213 Gold, oz., fine . . . . 4,823 4,764 $4,107 Head value, dwt 5.86 7.80 9.4 Residues, dwt 0.4 0.54 1.19 *Apparent discrepancy between yield and head values due to gold still in circuit. Both oxidised and sulphide ore treated, also 1,213 tons of Customs ore. tlncluding 3,801 tons of sulphide ore. gold concentrates.

Period ended Dec. Jan. Feb. 23. 25. 19.

Tons treated 2,423 2,578 2,590 Gold, fine, oz 3,210 3,436 3,374 Head value, dwt 27.64 27.78 26.92 Residue, dwt 1.14 1.12 0.87

Four weeks ended Dec. Jan.

Jan.

Feb. 4. 1. 29. 26.

Ore. tons 3,881 3,972 3.125 2,753 Gold, fine, oz. . .. 733 706 816 63B Value. £ A .. . . 7,330 7,060 6,490 6,380 An Interim dividend of 3d. a share, payable on March 20, has been declared.

March 10.

Books closed

New Guinea Goldfields, Ltd.

The latest report issued by the Mining Trust, Ltd., consulting engineers for NGG, Ltd., com pares January production with November and December as follows:

Golden Ridges mill was shut down for four days in January for the installation of a new crusher. The low mill recovery for the month was due to the retention of values in the sand vats.

Bulolo Gold Dredging, Ltd.

Directors of Bulolo Gold Dredging, Ltd., re port that January production from the Co.’s dredges compares with November and December as follows; —

Sunshine Gold Development, Ltd.

Sunshine Gold Development, Ltd., reports that the clean-up for February yielded 158 oz. of gold, compared with 180 oz. for January, and 170 oz. for December.

Sandy Creek Gold Sluicing, Ltd.

February production at Sandy Creek Is com pared with November, December and January as follows:

From Papua

Papuan Apinaipi Petroleum Co., Ltd.

DIRECTORS of Papuan Apinaipl Petroleum Co., Ltd., reported on February 20 that, owing to defence needs, delay has occurred in the receipt of part of the additional drilling equipment required to start drilling at the two new locations. Both plants will be ready for drilling on receipt of the supplies. The Sullivan Rig commenced operations early in March.

The Co.’s geologist, Mr. G. Barrow, has re ported that the first deep test well has yielded much information, previously unknown, of sub

surface geological conditions. This, he says, has proved of great value in making a choice of locations for drilling of a second deep well and the additional shallower well.

Yodda Goldfields, Ltd.

The field manager of Yodda Goldfields, Ltd., reports that the gold yield for February was 6" oz. 4 dwt., compared with 85 oz. 18 dwt. in January, and 86 oz. 3 dwt. in December.

Cuthbert’S Misima Gold Mines, Ltd.

February production at Cuthbert’s mine on Misima Island is compared with December and January as follows:

Australasian Petroleum Co., Pty., Ltd.

Australasian Petroleum Co., Pty., Ltd., in which Oil Search, Ltd., is interested, has begun drilling operations at its first deep test well at the Kariava structure, adjacent to the Vailala River, about 75 miles from the Gulf of Papua. Drilling was started in a 23-inch hole on March 8, and on that day a depth of 35 feet was reported.

Commencement of these drilling operations, the Co. reports, has followed previous large scale exploration work, including a compre hensive aerial survey covering over 28,000 square miles of territory, combined with detailed geo logical and geophysical investigations.

To carry out the many phases of work associated with modern rotary drilling opera tions, more than 30,000 tons of material has been shipped up the Vailala River.

Nov.

Dec.

Jan.

Edle Creek mill— Ore, tons 3.028 2,617 2,881 Gold, oz., fine . . .. 926 622 902 Silver, oz., fine .. .. 5,876 5,893 4,282 Golden Ridges mill— Tons treated 2,576 2,635 2,562 Gold, oz., fine .. . . 751 801 673 Silver, oz., fine .. 971 925 800 Alluvial— Gold, oz., fine .. 1,534 1,483 1,465 Silver, oz., fine .. 3,878 5,893 4,282 Operating profit— Edie Creek, £ .. 2,488 395 2,201 Golden Ridges, £ . . *121 562 *504 Alluvial, £ .. 5,589 , 5,997 5,635 •Loss.

Nov. Dec. Jan.

Cubic yards . . . . 1,677,000 1,698,000 1,654,000 Bullion, oz 19,286 18,240 17,926 Gold, fine oz. . . 13,308 12,586 12,370 Estimated working profit for January; 7,782 oz. of fine gold.

Nov. Dec. Jan. *Feb.

Cubic yards . . . . 19,122 16,373 19,450 9,997 Gold, oz 346 216 168 100 Per cubic yard . . 2/10 3 A 2/1»A 1/5 Va l/7 l /a Working cost .. .. /IDA 1/2 /9 — •No. 2 plant operated for four days only. Remainder of period was taken up in moving plant and pipeline to a new position.

Dec. Jan. Feb.

Mill treated, tons . . . . 3,220 2,470 3.334 Bullion, oz 2,868 2,391 3,369 Gold, fine OZ 738 59’4 795 Silver, fine oz 2,040 1,729 2,401 Estimated value .. £5,974 £4,807 £6 Value per ton of ore 37/1 39/- 3*8/9