Mining News
pp. 60-61 · Read in the full issue
From Papua
Cuthbert’S Misima Gold Mine, Ltd.
A T the annual meeting of Cuthbert’s Misima Gold Mine, Ltd., in Sydney, on April 30, the acting-chairman (Mr, H. G. Carter) said directors were confident that reserves in the southern section of the mine would permit of profitable operations indefinitely. Although the average grade of ore obtained both this year and last year had been low, they believed that the minimum had been attained and that the grade in the future would tend to improve.
The northern section, when properly opened, should prove to be a profitable asset so far as the oxidised zone was concerned. Now that the supply of native labour was ample, development in this area would be pushed ahead.
April production is compared with February and March in the following table;—
Papuan Apinaipi Petroleum Co.. Ltd.
Papuan Apinaipi Petroleum Co., Ltd., reports that drilling of the No. 3 northern well at Oiapu is continuing. Three shifts were being worked daily, and inflammable gas was en countered at 600 ft. On May 1 a depth of 675 ft. was reached.
Preparations were then being made to insert further casing in the No. 3 well. Gas samples have been taken for testing purposes. Equip ment for No. 2 major well has arrived from USA, and will enable operations to be com menced at this location very shortly.
The Co. reported on May 12 that No. 3 northern well was down to 794 feet. Evidence of oil was observed in a core recovered from about 700 feet.
Yodda Goldfields, Ltd.
The field manager of Yodda Goldfields Limited reports that the gold yield for April was 82 oz. 1 dwt.
From Fiji
Emperor Mines, Ltd.
APRIL production at the Emperor mine, Tavua, is compared with the three previous yields in the following table:—
Loloma (Fiji) Gold Mines, N.L.
Loloma production for period ending April 16 is compared with three previous yields as follows:
*ln addition 332 fine oz. were recovered from slags and concentrates.
An unchanged quarterly dividend of 1/- a share has been declared, payable on June 9; books close May 21. This dividend will absorb £41,250, and brings the Co.’s total to £618,750, or 15/- a share. Total of dividends from the Fijian field is now £1,093,750.
Mount Kasi Mines, Ltd.
Production at the Mount Kasi mine on Vanua Levu for April compares with January, February and March as follows:
From New Guinea
New Guinea Goldfields, Ltd.
AT ARCH production from the NGG, Ltd.’s workings compares with January and February as follows:
•(•Underground mining at Edie Creek and Golden Ridges ceased on March 14 because of an in dustrial dispute.
Koranga Alluvials.—Estimated operating pro fit for quarter ended March 31 was £8,320.
Bulolo Gold Dredging, Ltd.
Production from the BGD, Ltd., dredges for March is compared with January and February in the following table:—
Feb. Mar. Apr.
Mill, treated, tons .. .. 3„334 3,237 3,213 Bullion, oz 3,369 3,424 3,918 Gold, fine oz 795 789 788 Silver, fine oz 2,401 2,562 3,045 Estimated value .. .. £6,455 £6,416 £6,443 Value per ton of ore . 38/9 39/7 40/1
Period ended Jan.
Feb.
Mar.
Apl. 25. 19. 19. 16.
Ore treated, tons 13,381 12,213 10,939 8,103 Gold, oz. fine .. 4,764 4,107 4,004 *4,003 Head value, dwt. 7.80 9.4 6.3 8.97 Residues, dwt. . 0.54 1.19 0.97 0.93 ♦Including 1,067 etc. fine oz. from auriferous slags,
Period ended Jan. Feb. Mar. Apr. 25. 19’. 19. 16.
Tons treated . . . 2,578 2,590 2,600 2,350 Gold, fine oz. . . 3,436 3,374 3,250 *2,846 Head value, dwt. . 27.78 26.92 25.85 25.14 Residue, dwt. . .. 1.12 0.87 1.19 0,92
Four weeks ended Jan.
Feb.
Mar, Apr. 29. 26. 26. 23.
Ore, tons .. 3,125 2,733 3,250 3,723 Gold, fine oz. . . 649 638 727 712 Value, £ A 6,490 6,380 7,270 7,120
Edie Creek mill— J an.
Feb. tMar.
Ore, tons 2,881 2,606 826 Gold, oz. fine .. .. 902 665 189 Silver, oz. fine .. .. 4,282 5,827 1,266 Golden Ridges mill— Tons treated .. .. 2,562 2,320 861 Gold, oz. fine .. .. 673 997 760 Silver, oz. fine .. . . 800 1,146 723 Alluvial— Gold, oz. fine . . 1,465 1,176 1,097 Silver, oz. fine .. 1,016 837 732 Operating profit— Edie Creek, £ . .. 2,201 446 — Golden Ridges, £ .. •504 1,817 — Alluvial, £ 5,635 3,928 2,554 •Loss.
Jan.
Feb.
March.
Cubic yards .. 1,654,000 1,540,000 1,557,000 Bullion, oz. .. 17,926 15,738 16,826 Gold, fine oz. . 12,370 10,589 11,610 Estimated working profit for March, 7,588 oz. fine gold.
Sunshine Gold Development, Ltd.
Sunshine Gold Development, Ltd., reports that the clean-up for April yielded 206 oz. of gold.
Sluicing, which was suspended during March owing to flooding, was again interrupted on April 15, when a record flood in the Bulolo Valley broke into portion of the Co.’s workings and damaged the main race. Repairs are being effected, and it is expected that sluicing will be resumed about the end of May.
Sandy Creek Gold Sluicing. Ltd.
During April, floods seriously interfered with the Sandy Creek Gold Sluicing, Ltd.’s opera tions. Plant and equipment suffered little dam age, but the water races were broken in several places. Production for April compares with January, February and March as follows; Jan. Feb. Mar. Apl.
Cubic yards .. 19,450 9,997 16,946 6,916 Gold, oz 168 100 174 86 Per cubic yard . 1/5 % 1/7% 1/7% 2/- Working cost ... /9 1/3% /10% The Co. has entered into an agreement for the purchase of a mining property of .about 230 acres on the Upper Watut River, The agreement, which is subject to Government consent on certain matters, provides for the property to be taken over as a going concern.